Acorah Software Products - Accounts Production 19.3.550 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 12084417 Natalia Pereldik Joshua Taylor Natalia Kouznitsyna iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12084417 2024-12-31 12084417 2025-12-31 12084417 2025-01-01 2025-12-31 12084417 frs-core:CurrentFinancialInstruments 2025-12-31 12084417 frs-core:Non-currentFinancialInstruments 2025-12-31 12084417 frs-core:ComputerEquipment 2025-12-31 12084417 frs-core:ComputerEquipment 2025-01-01 2025-12-31 12084417 frs-core:ComputerEquipment 2024-12-31 12084417 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-01-01 2025-12-31 12084417 frs-core:OtherResidualIntangibleAssets 2025-12-31 12084417 frs-core:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 12084417 frs-core:OtherResidualIntangibleAssets 2024-12-31 12084417 frs-core:SharePremium 2025-12-31 12084417 frs-core:ShareCapital 2025-12-31 12084417 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 12084417 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 12084417 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 12084417 frs-bus:SmallEntities 2025-01-01 2025-12-31 12084417 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 12084417 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 12084417 frs-bus:Director1 2025-01-01 2025-12-31 12084417 frs-bus:Director2 2025-01-01 2025-12-31 12084417 frs-bus:Director3 2025-01-01 2025-12-31 12084417 frs-countries:EnglandWales 2025-01-01 2025-12-31 12084417 2023-12-31 12084417 2024-12-31 12084417 2024-01-01 2024-12-31 12084417 frs-core:CurrentFinancialInstruments 2024-12-31 12084417 frs-core:Non-currentFinancialInstruments 2024-12-31 12084417 frs-core:SharePremium 2024-12-31 12084417 frs-core:ShareCapital 2024-12-31 12084417 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 12084417
Funexpected Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 12084417
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 36,538 46,734
Tangible Assets 5 723 971
37,261 47,705
CURRENT ASSETS
Debtors 6 118,864 106,623
Cash at bank and in hand 227,339 227,642
346,203 334,265
Creditors: Amounts Falling Due Within One Year 7 (448,753 ) (356,596 )
NET CURRENT ASSETS (LIABILITIES) (102,550 ) (22,331 )
TOTAL ASSETS LESS CURRENT LIABILITIES (65,289 ) 25,374
Creditors: Amounts Falling Due After More Than One Year 8 (1,176,701 ) (1,081,351 )
NET LIABILITIES (1,241,990 ) (1,055,977 )
CAPITAL AND RESERVES
Called up share capital 9 44,026 29,538
Share premium account 1,228,627 1,228,627
Profit and Loss Account (2,514,643 ) (2,314,142 )
SHAREHOLDERS' FUNDS (1,241,990) (1,055,977)
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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
Natalia Pereldik
Director
16/07/2026
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Funexpected Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12084417 . The registered office is 71-75 Shelton Street, Covent Garden, London, United Kingdom, 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. Going Concern Disclosure
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The accounts have been prepared under the going concern basis as the company has continuing support from its shareholders, which will enable the company to continue trading.
2.3. 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.
Income recognition 
Income is recognised when the service under the subscription terms has been delivered to customers such that risks and rewards of ownership has been transferred to them. The company takes up-front subscription payments and recognises them during the subscription period. Any advance subscription income which falls in the next financial year is deferred in the accounts. 
2.4. Research and Development
Expenditure on research and development is written off against profits in the year in which it is incurred. 
2.5. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are  measured at cost less accumulative amortisation and any accumulative impairment losses. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.6. 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:
Office Equipments 20%
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2.7. Financial Instruments
Financial assets 
Financial assets, other than investments and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at cost, less any impairment.
Financial liabilities and equity 
Financial liabilities and equity are classified according to the substance of the financial instrument’s contractual obligations, rather than the financial instrument’s legal form. Financial liabilities, excluding convertible debt and derivatives, are initially measured at transaction price (after deducting transaction costs) and subsequently held at amortised cost.
2.8. 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.
2.9. 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.
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2.10.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2.11. Convertible debt
The proceeds received on issue of the company's convertible debt are allocated into their liability and equity components and presented separately in the balance sheet.
The amount initially attributed to the debt component equals the disounted cash flows using a market rateof interest that would be payable on a similar debt instrument that did not includean option to convert.
The difference between the net proceeds of the convertible debt and the amount allocated to the debt component is credited direct to equity and is not subsequently re-measured. Onconversion, the debt and equity elements are credited to share capital and share premium as appropriate.
Transaction costs that relate to the issue of the instrument are allocated to the liability and equity components of the instrument in proportion to the allocation of proceeds. 
2.12. Finance cost
Finance costs are charged to profit or loss over the termof the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
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4. Intangible Assets
Intellectual Property
£
Cost
As at 1 January 2025 101,966
As at 31 December 2025 101,966
Amortisation
As at 1 January 2025 55,232
Provided during the period 10,196
As at 31 December 2025 65,428
Net Book Value
As at 31 December 2025 36,538
As at 1 January 2025 46,734
5. Tangible Assets
Office Equipments
£
Cost
As at 1 January 2025 1,240
As at 31 December 2025 1,240
Depreciation
As at 1 January 2025 269
Provided during the period 248
As at 31 December 2025 517
Net Book Value
As at 31 December 2025 723
As at 1 January 2025 971
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 84,872 75,104
Other debtors 33,992 31,519
118,864 106,623
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 448,753 356,596
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 1,176,701 1,081,351
The other loans relates to company issued  Convertible Unsecured Loan notes on 30th September 2022 amounting to $1,650,000. The repayment date for the principal and accrued interest is upon maturity which is in 5 years after the date of the instrument. The terms of the agreements tipulate that the loan may be converted prior tomaturity in the event of Exit or on subsequent qualifying round of investment.
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 44,026 29,538
Certain contractors of the company have been granted options over the shares in the company. The options are granted with fixed exercise price, are exercisable four years after the date of grant and expire seven years after the date of grant. The company recognises an equity-based payment expense based on their fair value at the grant date. The fair value is charged to profit and loss account equally over the vesting period. Shareholders' equity is increased by an amount equal to the charge in the profit or loss. The total charge recognised for the year was £14,488.
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