Acorah Software Products - Accounts Production 19.1.200 false true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 01887440 JAMES CHARLES MORFETT NICHOLAS JAMES MORFETT iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01887440 2024-10-31 01887440 2025-10-31 01887440 2024-11-01 2025-10-31 01887440 frs-core:CurrentFinancialInstruments 2025-10-31 01887440 frs-core:Non-currentFinancialInstruments 2025-10-31 01887440 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-10-31 01887440 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-11-01 2025-10-31 01887440 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-10-31 01887440 frs-core:InvestmentPropertyIncludedWithinPPE 2025-10-31 01887440 frs-core:InvestmentPropertyIncludedWithinPPE 2024-11-01 2025-10-31 01887440 frs-core:InvestmentPropertyIncludedWithinPPE 2024-10-31 01887440 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-10-31 01887440 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-01 2025-10-31 01887440 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 01887440 frs-core:MotorVehicles 2025-10-31 01887440 frs-core:MotorVehicles 2024-11-01 2025-10-31 01887440 frs-core:MotorVehicles 2024-10-31 01887440 frs-core:PlantMachinery 2025-10-31 01887440 frs-core:PlantMachinery 2024-11-01 2025-10-31 01887440 frs-core:PlantMachinery 2024-10-31 01887440 frs-core:RevaluationReserve 2024-11-01 2025-10-31 01887440 frs-core:RevaluationReserve 2024-10-31 01887440 frs-core:RevaluationReserve 2025-10-31 01887440 frs-core:ShareCapital 2025-10-31 01887440 frs-core:RetainedEarningsAccumulatedLosses 2024-11-01 2025-10-31 01887440 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-10-31 01887440 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 01887440 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 01887440 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 01887440 frs-bus:SmallEntities 2024-11-01 2025-10-31 01887440 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 01887440 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 01887440 frs-bus:Director1 2024-11-01 2025-10-31 01887440 frs-bus:Director2 2024-11-01 2025-10-31 01887440 frs-countries:EnglandWales 2024-11-01 2025-10-31 01887440 2023-10-31 01887440 2024-10-31 01887440 2023-11-01 2024-10-31 01887440 frs-core:CurrentFinancialInstruments 2024-10-31 01887440 frs-core:Non-currentFinancialInstruments 2024-10-31 01887440 frs-core:RevaluationReserve 2024-10-31 01887440 frs-core:ShareCapital 2024-10-31 01887440 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: 01887440
ROSETERM LIMITED
Unaudited Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01887440
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 (260,389 ) 45,474
Tangible Assets 5 1,751,299 1,816,695
1,490,910 1,862,169
CURRENT ASSETS
Stocks 6 418 1,534,634
Debtors 7 52,961 98,491
Cash at bank and in hand 474 101
53,853 1,633,226
Creditors: Amounts Falling Due Within One Year 8 (18,518 ) (1,726,598 )
NET CURRENT ASSETS (LIABILITIES) 35,335 (93,372 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,526,245 1,768,797
Creditors: Amounts Falling Due After More Than One Year 9 (1,140,592 ) (414,366 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (46,292 ) (46,292 )
NET ASSETS 339,361 1,308,139
CAPITAL AND RESERVES
Called up share capital 10 200 200
Revaluation reserve 11 465,895 490,895
Profit and Loss Account (126,734 ) 817,044
SHAREHOLDERS' FUNDS 339,361 1,308,139
Page 1
Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
JAMES CHARLES MORFETT
Director
31 March 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ROSETERM LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 01887440 . The registered office is Heathlands Park, Foxhall Road, Ipswich, Suffolk, IP4 5TG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 25 years straight-line
Plant & Machinery 12.5% straight-line
Motor Vehicles 20% straight-line
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 8)
8 8
4. Intangible Assets
Development Costs
£
Cost
As at 1 November 2024 45,474
Disposals (305,863 )
As at 31 October 2025 (260,389 )
Net Book Value
As at 31 October 2025 (260,389 )
As at 1 November 2024 45,474
5. Tangible Assets
Land & Property
Freehold Investment Properties Plant & Machinery Motor Vehicles Total
£ £ £ £ £
Cost
As at 1 November 2024 1,375,647 320,410 260,389 92,306 2,048,752
Additions 115,263 - - - 115,263
Disposals - (320,410 ) 192,175 (52,424 ) (180,659 )
As at 31 October 2025 1,490,910 - 452,564 39,882 1,983,356
...CONTINUED
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Page 5
Depreciation
As at 1 November 2024 - - 192,175 39,882 232,057
As at 31 October 2025 - - 192,175 39,882 232,057
Net Book Value
As at 31 October 2025 1,490,910 - 260,389 - 1,751,299
As at 1 November 2024 1,375,647 320,410 68,214 52,424 1,816,695
6. Stocks
2025 2024
£ £
Stock 418 1,534,634
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,384 10,151
Other debtors 48,577 88,340
52,961 98,491
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,486 302,657
Bank loans and overdrafts 6,963 670,306
Other taxes and social security - 10,240
Other creditors 8,590 743,395
Accruals and deferred income 1,479 -
18,518 1,726,598
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 680,000 -
Other creditors - 35,561
Directors loan account 77,143 -
Amounts owed to group undertakings 383,449 378,805
1,140,592 414,366
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200 200
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11. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 November 2024 490,895 817,044
Loss for year - (911,342)
Deficit on revaluation (25,000) -
Other comprehensive income for the year (25,000 ) -
Total comprehensive income for the year (25,000) (911,342 )
Dividends paid - (32,436)
As at 31 October 2025 465,895 (126,734 )
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