Acorah Software Products - Accounts Production 19.2.450 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 11340651 Walid Al Akkad Abu Zeina Stefan Nardi-Hiebl iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11340651 2024-12-31 11340651 2025-12-31 11340651 2025-01-01 2025-12-31 11340651 frs-core:CurrentFinancialInstruments 2025-12-31 11340651 frs-core:ComputerEquipment 2025-12-31 11340651 frs-core:ComputerEquipment 2025-01-01 2025-12-31 11340651 frs-core:ComputerEquipment 2024-12-31 11340651 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 11340651 frs-core:OtherResidualIntangibleAssets 2025-12-31 11340651 frs-core:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 11340651 frs-core:OtherResidualIntangibleAssets 2024-12-31 11340651 frs-core:PlantMachinery 2025-12-31 11340651 frs-core:PlantMachinery 2025-01-01 2025-12-31 11340651 frs-core:PlantMachinery 2024-12-31 11340651 frs-core:SharePremium 2025-12-31 11340651 frs-core:ShareCapital 2025-12-31 11340651 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 11340651 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 11340651 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 11340651 frs-bus:SmallEntities 2025-01-01 2025-12-31 11340651 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 11340651 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 11340651 frs-bus:Director1 2025-01-01 2025-12-31 11340651 frs-bus:Director2 2025-01-01 2025-12-31 11340651 frs-countries:EnglandWales 2025-01-01 2025-12-31 11340651 2023-12-31 11340651 2024-12-31 11340651 2024-01-01 2024-12-31 11340651 frs-core:CurrentFinancialInstruments 2024-12-31 11340651 frs-core:SharePremium 2024-12-31 11340651 frs-core:ShareCapital 2024-12-31 11340651 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 11340651
Raincastle Bio Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
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Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11340651
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 29,521 24,940
Tangible Assets 5 366 1,204
29,887 26,144
CURRENT ASSETS
Debtors 6 40 47
Cash at bank and in hand 3,453 3,535
3,493 3,582
Creditors: Amounts Falling Due Within One Year 7 (31,021 ) (14,998 )
NET CURRENT ASSETS (LIABILITIES) (27,528 ) (11,416 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,359 14,728
NET ASSETS 2,359 14,728
CAPITAL AND RESERVES
Called up share capital 8 412 412
Share premium account 132,937 132,937
Profit and Loss Account (130,990 ) (118,621 )
SHAREHOLDERS' FUNDS 2,359 14,728
Page 1
Page 2
For the year ending 31 December 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
Stefan Nardi-Hiebl
Director
13/05/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Raincastle Bio Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11340651 . The registered office is 71-75 Shelton Street, Covent Garden, LONDON, WC2H 9JQ.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of ....10 years.
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:
Computer Equipment 20% SL
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: NIL)
2 -
4. Intangible Assets
Other
£
Cost
As at 1 January 2025 31,740
Additions 8,617
As at 31 December 2025 40,357
...CONTINUED
Page 3
Page 4
Amortisation
As at 1 January 2025 6,800
Provided during the period 4,036
As at 31 December 2025 10,836
Net Book Value
As at 31 December 2025 29,521
As at 1 January 2025 24,940
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2025 10,176 4,192 14,368
As at 31 December 2025 10,176 4,192 14,368
Depreciation
As at 1 January 2025 10,176 2,988 13,164
Provided during the period - 838 838
As at 31 December 2025 10,176 3,826 14,002
Net Book Value
As at 31 December 2025 - 366 366
As at 1 January 2025 - 1,204 1,204
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 40 47
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 30 3,224
Other creditors 30,991 11,774
31,021 14,998
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 412 412
Page 4