Acorah Software Products - Accounts Production 19.2.350 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 14027922 Mr J Homewood Mrs L Homewood true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14027922 2025-03-31 14027922 2026-03-31 14027922 2025-04-01 2026-03-31 14027922 frs-core:CurrentFinancialInstruments 2026-03-31 14027922 frs-core:ShareCapital 2026-03-31 14027922 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 14027922 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 14027922 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 14027922 frs-bus:SmallEntities 2025-04-01 2026-03-31 14027922 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 14027922 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 14027922 1 2025-04-01 2026-03-31 14027922 frs-core:UnlistedNon-exchangeTraded 2026-03-31 14027922 frs-core:UnlistedNon-exchangeTraded 2025-03-31 14027922 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 14027922 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2026-03-31 14027922 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 14027922 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2026-03-31 14027922 frs-bus:Director1 2025-04-01 2026-03-31 14027922 frs-bus:Director2 2025-04-01 2026-03-31 14027922 frs-countries:EnglandWales 2025-04-01 2026-03-31 14027922 2024-03-31 14027922 2025-03-31 14027922 2024-04-01 2025-03-31 14027922 frs-core:CurrentFinancialInstruments 2025-03-31 14027922 frs-core:ShareCapital 2025-03-31 14027922 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 14027922
Spendthrift Limited
Financial Statements
For The Year Ended 31 March 2026
Spendthrift Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Spendthrift Limited
Balance Sheet
As At 31 March 2026
Balance Sheet
Registered number: 14027922

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 1,100,000 |  | 1,155,000
Investments | 5 |  | 10,500 |  | 10,500
|  |  | 1,110,500 |  | 1,165,500
CURRENT ASSETS
Debtors | 6 | 1,235 |  | 878 |
Cash at bank and in hand |  | 4,312 |  | 101,871 |
|  | 5,547 |  | 102,749 |
Creditors: Amounts Falling Due Within One Year | 7 | (10,097 ) |  | (8,176 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (4,550 ) |  | 94,573
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,105,950 |  | 1,260,073
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (4,515 ) |  | (4,515 )
NET ASSETS |  |  | 1,101,435 |  | 1,255,558
CAPITAL AND RESERVES
Called up share capital | 8 |  | 10,600 |  | 10,600
Profit and Loss Account |  |  | 1,090,835 |  | 1,244,958
SHAREHOLDERS' FUNDS |  |  | 1,101,435 |  | 1,255,558

Page 1
Page 2
Spendthrift Limited
Balance Sheet (continued)
As At 31 March 2026
For the year ending 31 March 2026 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

Mr J Homewood Director
21 May 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Spendthrift Limited
Notes to the Financial Statements
For The Year Ended 31 March 2026
Notes to the Financial Statements
1. General Information
Spendthrift Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14027922 . The registered office is The Honey Factory, 69-71 Scrubs Lane, London, NW10 6QU.
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 rents from the investment properties held.
2.3. 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.
2.4. 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.
Page 3
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Spendthrift Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
2.5. Investments
Investments are recognised initially at cost, including any transaction costs directly attributable to the acquisition.
Investments in subsidiaries are held at cost less any provision for impairment in the parent company's individual financial statements. Where necessary, the carrying amounts of such investments are reviewed and adjusted for any indication of impairment.
Unrealised gains and losses on investments measured at fair value are recognised in the profit and loss account. Dividend income is recognised in the period in which the group's right to receive payment is established.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2025: NIL)
- -
4. Investment Property

| 2026
--- | ---
| £
Fair Value
As at 1 April 2025 | 1,155,000
Revaluations | (55,000)
As at 31 March 2026 | 1,100,000

The investment properties were valued at the balance sheet date using an open market valuation provided by an independent estate agent.
The revaluation resulted in a decrease in fair value of £55,000 which has been recognised within the profit and loss account in accordance with FRS 102.
If the investment properties had been accounted for under historical cost accounting rules, the amounts would be £1,136,938.
Page 4
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Spendthrift Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
5. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 April 2025 | 10,500
As at 31 March 2026 | 10,500
Provision
As at 1 April 2025 | -
As at 31 March 2026 | -
Net Book Value
As at 31 March 2026 | 10,500
As at 1 April 2025 | 10,500

The company holds 20% or more of the share capital of the following companies:
The Water Monopoly (2003) Ltd
Registered: England & Wales
Class of share: Ordinary
Holding: 100%
Watergate (London) Ltd
Registered: England & Wales
Class of share: Ordinary
Holding: 100%
6. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 1,235 |  | 878

7. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Other creditors | 3,710 |  | 3,465
Taxation and social security | 6,387 |  | 4,711
| 10,097 |  | 8,176

Page 5
Page 6
Spendthrift Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
8. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 10,600 |  | 10,600

9. Ultimate Controlling Party
The company's ultimate controlling party is J Homewood by virtue of his ownership of the issued share capital in the company.
The group qualifies as a small group under section 383 of the Companies Act 2006 and has therefore taken exemption from preparing consolidated financial statements.
Page 6