Acorah Software Products - Accounts Production 19.3.550 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 02944816 Mr Ebrahim Abbassian Mrs Manigeh Abbassian Mr Ebrahim Abbassian iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02944816 2025-03-31 02944816 2026-03-31 02944816 2025-04-01 2026-03-31 02944816 frs-core:CurrentFinancialInstruments 2026-03-31 02944816 frs-core:Non-currentFinancialInstruments 2026-03-31 02944816 frs-core:FurnitureFittings 2026-03-31 02944816 frs-core:FurnitureFittings 2025-04-01 2026-03-31 02944816 frs-core:FurnitureFittings 2025-03-31 02944816 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2026-03-31 02944816 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 02944816 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 02944816 frs-core:MotorVehicles 2026-03-31 02944816 frs-core:MotorVehicles 2025-04-01 2026-03-31 02944816 frs-core:MotorVehicles 2025-03-31 02944816 frs-core:PlantMachinery 2026-03-31 02944816 frs-core:PlantMachinery 2025-04-01 2026-03-31 02944816 frs-core:PlantMachinery 2025-03-31 02944816 frs-core:SharePremium 2026-03-31 02944816 frs-core:ShareCapital 2026-03-31 02944816 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 02944816 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 02944816 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 02944816 frs-bus:SmallEntities 2025-04-01 2026-03-31 02944816 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 02944816 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 02944816 frs-bus:Director1 2025-04-01 2026-03-31 02944816 frs-bus:Director2 2025-04-01 2026-03-31 02944816 frs-bus:CompanySecretary1 2025-04-01 2026-03-31 02944816 frs-core:Non-currentFinancialInstruments 2 2026-03-31 02944816 frs-core:Non-currentFinancialInstruments 3 2026-03-31 02944816 frs-core:CurrentFinancialInstruments 4 2026-03-31 02944816 frs-core:Non-currentFinancialInstruments 4 2026-03-31 02944816 frs-core:Non-currentFinancialInstruments 5 2026-03-31 02944816 frs-countries:EnglandWales 2025-04-01 2026-03-31 02944816 2024-03-31 02944816 2025-03-31 02944816 2024-04-01 2025-03-31 02944816 frs-core:CurrentFinancialInstruments 2025-03-31 02944816 frs-core:Non-currentFinancialInstruments 2025-03-31 02944816 frs-core:SharePremium 2025-03-31 02944816 frs-core:ShareCapital 2025-03-31 02944816 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 02944816 frs-core:Non-currentFinancialInstruments 2 2025-03-31 02944816 frs-core:Non-currentFinancialInstruments 3 2025-03-31 02944816 frs-core:CurrentFinancialInstruments 4 2025-03-31 02944816 frs-core:Non-currentFinancialInstruments 4 2025-03-31 02944816 frs-core:Non-currentFinancialInstruments 5 2025-03-31
Registered number: 02944816
Inspec Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Ballards Newman
Chartered Accountants
Apex House
Grand Arcade
North Finchley
London
N12 0EH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02944816
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,426,681 1,427,542
Investment Properties 5 14,327,025 14,327,025
15,753,706 15,754,567
CURRENT ASSETS
Debtors 6 27,067 27,067
Cash at bank and in hand 32,840 198,072
59,907 225,139
Creditors: Amounts Falling Due Within One Year 7 (1,172,794 ) (1,178,487 )
NET CURRENT ASSETS (LIABILITIES) (1,112,887 ) (953,348 )
TOTAL ASSETS LESS CURRENT LIABILITIES 14,640,819 14,801,219
Creditors: Amounts Falling Due After More Than One Year 8 (336,182 ) (687,488 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,382 ) (1,382 )
NET ASSETS 14,303,255 14,112,349
CAPITAL AND RESERVES
Called up share capital 9 614,300 614,300
Share premium account 11,481,700 11,481,700
Profit and Loss Account 2,207,255 2,016,349
SHAREHOLDERS' FUNDS 14,303,255 14,112,349
Page 1
Page 2
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 Ebrahim Abbassian
Director
17 July 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Inspec Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02944816 . The registered office is 154 Colney Hatch Lane, London, N10 1ER.
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. 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 over the life of asset
Plant & Machinery 10% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 10% on reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 7 (2025: 7)
7 7
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2025 1,422,336 6,022 9,600 6,839 1,444,797
As at 31 March 2026 1,422,336 6,022 9,600 6,839 1,444,797
Depreciation
As at 1 April 2025 - 4,630 7,322 5,303 17,255
Provided during the period - 139 569 153 861
As at 31 March 2026 - 4,769 7,891 5,456 18,116
Net Book Value
As at 31 March 2026 1,422,336 1,253 1,709 1,383 1,426,681
As at 1 April 2025 1,422,336 1,392 2,278 1,536 1,427,542
5. Investment Property
2026
£
Fair Value
As at 1 April 2025 and 31 March 2026 14,327,025
6. Debtors
2026 2025
£ £
Due within one year
Prepayments and accrued income 7,067 7,067
Other debtors 20,000 20,000
27,067 27,067
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 2,418 5,475
Bank loans and overdrafts - 10,000
Corporation tax 63,923 50,583
Other taxes and social security 3 2,188
Net wages 6,603 6,844
Other creditors 2,549 2,549
Paramount Executive Pension Scheme ST 49,800 49,800
Accruals and deferred income 4,498 4,391
Directors' loan accounts 1,043,000 1,046,657
1,172,794 1,178,487
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bounce Back Loan 1,667 1,667
Paramount UK Holding Limited New 180,689 893,897
Paramount UK Holding Limted (75,000 ) (265,000 )
Paramount Executive Pension Scheme LT 10,652 56,924
Paramount Executive Pension Scheme Loan 3 TEMP 218,174 -
336,182 687,488
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 614,300 614,300
Page 5