Acorah Software Products - Accounts Production 19.2.450 false true 31 March 2024 31 January 2023 false 1 April 2024 31 March 2025 31 March 2025 14629201 Mr P D McOmish Mr R I Lewis true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14629201 2024-03-31 14629201 2025-03-31 14629201 2024-04-01 2025-03-31 14629201 frs-core:CurrentFinancialInstruments 2025-03-31 14629201 frs-core:Non-currentFinancialInstruments 2025-03-31 14629201 frs-core:ShareCapital 2025-03-31 14629201 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 14629201 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14629201 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 14629201 frs-bus:SmallEntities 2024-04-01 2025-03-31 14629201 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 14629201 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 14629201 1 2024-04-01 2025-03-31 14629201 frs-core:CostValuation 2024-03-31 14629201 frs-core:AdditionsToInvestments 2025-03-31 14629201 frs-core:CostValuation 2025-03-31 14629201 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 14629201 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 14629201 frs-bus:Director1 2024-04-01 2025-03-31 14629201 frs-bus:Director2 2024-04-01 2025-03-31 14629201 frs-countries:EnglandWales 2024-04-01 2025-03-31 14629201 2023-01-30 14629201 2024-03-31 14629201 2023-01-31 2024-03-31 14629201 frs-core:CurrentFinancialInstruments 2024-03-31 14629201 frs-core:Non-currentFinancialInstruments 2024-03-31 14629201 frs-core:ShareCapital 2024-03-31 14629201 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 14629201
Corvette Rengen Hanover Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL
Corvette Rengen Hanover Limited
Contents
Contents

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

Page 1
Corvette Rengen Hanover Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 14629201

| 31 March 2025 | 31 March 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 8,220,000 |  | 2,547,836
Investments | 5 |  | 1 |  | -
|  |  | 8,220,001 |  | 2,547,836
CURRENT ASSETS
Debtors | 6 | 485,365 |  | 20,186 |
Cash at bank and in hand |  | 30,990 |  | 283,174 |
|  | 516,355 |  | 303,360 |
Creditors: Amounts Falling Due Within One Year | 7 | (152,978 ) |  | (2,853,019 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 363,377 |  | (2,549,659 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 8,583,378 |  | (1,823 )
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (6,647,747 ) |  | -
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (581,700 ) |  | -
NET ASSETS/(LIABILITIES) |  |  | 1,353,931 |  | (1,823 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1 |  | 1
Profit and Loss Account |  |  | 1,353,930 |  | (1,824 )
SHAREHOLDERS' FUNDS |  |  | 1,353,931 |  | (1,823)

Page 1
Page 2
Corvette Rengen Hanover Limited
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 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

Mr R I Lewis Director
9 June 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Corvette Rengen Hanover Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Corvette Rengen Hanover Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14629201 . The registered office is 4 Argyle Street, Bath, BA2 4BA.
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.
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
Page 4
Corvette Rengen Hanover Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Investment Property

| 31 March 2025
--- | ---
| £
Fair Value
As at 1 April 2024 | 2,547,836
Additions | 3,345,365
Fair value adjustments | 2,326,799
As at 31 March 2025 | 8,220,000

5. Investments

| Subsidiaries
--- | ---
| £
Cost or Valuation
As at 1 April 2024 | -
Additions | 1
As at 31 March 2025 | 1
Provision
As at 1 April 2024 | -
As at 31 March 2025 | -
Net Book Value
As at 31 March 2025 | 1
As at 1 April 2024 | -

6. Debtors

| 31 March 2025 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 17,653 |  | 20,185
Amounts owed by group undertakings | 354,643 |  | 1
Amounts owed by participating interests | 109,134 |  | -
Other debtors | 3,935 |  | -
| 485,365 |  | 20,186

Page 4
Page 5
Corvette Rengen Hanover Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
7. Creditors: Amounts Falling Due Within One Year

| 31 March 2025 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 661 |  | 45,920
Other loans | - |  | 2,510,513
Amounts owed to group undertakings | 1 |  | 189,667
Other creditors | 152,316 |  | 105,692
Taxation and social security | - |  | 1,227
| 152,978 |  | 2,853,019

8. Creditors: Amounts Falling Due After More Than One Year

| 31 March 2025 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 5,485,813 |  | -
Amounts owed to group undertakings | 1,161,934 |  | -
| 6,647,747 |  | -

9. Secured Creditors
Of the creditors the following amounts are secured by a fixed and floating charge over the property and assets of the company.

| 31 March 2025 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 5,485,813 |  | -
Other Creditors | 1,161,934 |  | -

10. Share Capital

| 31 March 2025 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

Page 5
Page 6
Corvette Rengen Hanover Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
11. Related Party Transactions
Included within debtors at the year end is a balance of £ 354,643 ( 2024: £1 ) owed by Corvette Rengen Holdings Limited, the holding company.
The director R I Lewis is also a director of Iesis Lettings and Management Limited.Included within debtors at the year end is a balance of £109,134 owed by Iesis Lettings and Management Limited.
At the year end included in creditors due after more than one year, is a balance of £1,161,934 owed to Corvette Rengen Holdings Limited.
12. Ultimate Controlling Party
The company is owned by Corvette Rengen Holdings Limited, which is in turn jointly owned by Siena Group Limited and Franove Holdings Limited. R I Lewis, a director of the company, is the sole shareholder of Siena Group Limited.
Page 6