Acorah Software Products - Accounts Production 19.2.350 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 09316365 P D Sweetenham true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09316365 2024-12-31 09316365 2025-12-31 09316365 2025-01-01 2025-12-31 09316365 frs-core:CurrentFinancialInstruments 2025-12-31 09316365 frs-core:ComputerEquipment 2025-01-01 2025-12-31 09316365 frs-core:FurnitureFittings 2025-01-01 2025-12-31 09316365 frs-core:LandBuildings 2025-12-31 09316365 frs-core:LandBuildings 2025-01-01 2025-12-31 09316365 frs-core:LandBuildings 2024-12-31 09316365 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 09316365 frs-core:MotorVehicles 2025-01-01 2025-12-31 09316365 frs-core:PlantMachinery 2025-12-31 09316365 frs-core:PlantMachinery 2025-01-01 2025-12-31 09316365 frs-core:PlantMachinery 2024-12-31 09316365 frs-core:SharePremium 2025-12-31 09316365 frs-core:ShareCapital 2025-12-31 09316365 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 09316365 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 09316365 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 09316365 frs-bus:SmallEntities 2025-01-01 2025-12-31 09316365 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 09316365 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 09316365 1 2025-01-01 2025-12-31 09316365 frs-core:CostValuation 2024-12-31 09316365 frs-core:CostValuation 2025-12-31 09316365 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 09316365 frs-core:ProvisionsForImpairmentInvestments 2025-12-31 09316365 frs-bus:Director1 2025-01-01 2025-12-31 09316365 frs-countries:EnglandWales 2025-01-01 2025-12-31 09316365 2023-12-31 09316365 2024-12-31 09316365 2024-01-01 2024-12-31 09316365 frs-core:CurrentFinancialInstruments 2024-12-31 09316365 frs-core:SharePremium 2024-12-31 09316365 frs-core:ShareCapital 2024-12-31 09316365 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 09316365
Farer Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Farer Limited
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—6

Page 1
Farer Limited
Statement of Financial Position
As At 31 December 2025
Statement of Financial Position
Registered number: 09316365

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 61,881 |  | 52,765
Investments | 5 |  | 1 |  | 1
|  |  | 61,882 |  | 52,766
CURRENT ASSETS
Stocks | 6 | 1,701,924 |  | 1,925,320 |
Debtors | 7 | 65,480 |  | 69,360 |
Cash at bank and in hand |  | 1,156,043 |  | 1,177,320 |
|  | 2,923,447 |  | 3,172,000 |
Creditors: Amounts Falling Due Within One Year | 8 | (421,715 ) |  | (772,792 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,501,732 |  | 2,399,208
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,563,614 |  | 2,451,974
NET ASSETS |  |  | 2,563,614 |  | 2,451,974
CAPITAL AND RESERVES
Called up share capital | 9 |  | 1,000 |  | 1,000
Share premium account |  |  | 129,000 |  | 129,000
Income Statement |  |  | 2,433,614 |  | 2,321,974
SHAREHOLDERS' FUNDS |  |  | 2,563,614 |  | 2,451,974

Page 1
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Farer Limited
Statement of Financial Position (continued)
As At 31 December 2025
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board

P D Sweetenham Director
13 July 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Farer Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Farer Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09316365 . The registered office is Hazelwood Farm, Bottle Lane, Warfield, Bracknell, Berkshire, RG42 5RX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Preparation of consolidated financial statements
The financial statements contain information about Farer Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group
2.2. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
In preparing these financial statements the directors have made the following judgements:
- Determined that the accounting policy in place in respect of turnover recognition and measurement is reasonable.
- Determined that the measurement and recognition policies in place in respect of stock and associated purchase orders are reasonable and appropriate.
2.3. Turnover
Turnover is recognised the the extent that is it probable the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of consideration received or receivable, excluding discounts, rebates, valued added tax and other sales taxes.
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
- the company has transferred the significant risks and rewards of ownership to the buyer;
- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be reliably measured;
- it is probable that the company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be reliably measured
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 | 10 years striaght line
Plant & Machinery | 2 years striaght line
Motor Vehicles | 4 years striaght line
Fixtures & Fittings | 2 years striaght line
Computer Equipment | 2 years striaght line

2.5. 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.
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Farer Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
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.
2.9. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.
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Farer Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.10. Research and development
Expenditure on research and development is written off in the year in which it is incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
4. Tangible Assets

| Land & Buildings | Plant & Machinery etc. | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2025 | 25,771 | 127,041 | 152,812
Additions | - | 37,145 | 37,145
As at 31 December 2025 | 25,771 | 164,186 | 189,957
Depreciation
As at 1 January 2025 | 4,510 | 95,537 | 100,047
Provided during the period | 2,577 | 25,452 | 28,029
As at 31 December 2025 | 7,087 | 120,989 | 128,076
Net Book Value
As at 31 December 2025 | 18,684 | 43,197 | 61,881
As at 1 January 2025 | 21,261 | 31,504 | 52,765

5. Investments

| Other
--- | ---
| £
Cost or Valuation
As at 1 January 2025 | 1
As at 31 December 2025 | 1
Provision
As at 1 January 2025 | -
As at 31 December 2025 | -
Net Book Value
As at 31 December 2025 | 1
As at 1 January 2025 | 1

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:
Farer Inc
Registered office: Hazelwood Farm, Bottle Lane, Warfield, Bracknell, Berkshire, RG42 5RX
Nature of business: Retail of watches and related accessories
Class of shares: Ordinary
Shareholding: 100%
Financial results
Capital and reserves: £85,291 (2024: £51,291)
Profit/(loss) for the year: £37,988 (2024: £11,930)
Page 5
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Farer Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stocks | 1,701,924 |  | 1,925,320

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 41,407 |  | 55,603
Other debtors | 24,073 |  | 13,757
| 65,480 |  | 69,360

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 154,182 |  | 548,186
Bank loans and overdrafts | 91,416 |  | 54,840
Other creditors | 82,057 |  | 42,346
Taxation and social security | 94,060 |  | 127,420
| 421,715 |  | 772,792

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

10. Ultimate Controlling Party
The company has no ultimate controlling party.
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