Acorah Software Products - Accounts Production 19.2.450 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 10150350 Sean Gaskell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10150350 2024-12-31 10150350 2025-12-31 10150350 2025-01-01 2025-12-31 10150350 frs-core:CurrentFinancialInstruments 2025-12-31 10150350 frs-core:Non-currentFinancialInstruments 2025-12-31 10150350 frs-core:BetweenOneFiveYears 2025-12-31 10150350 frs-core:ComputerEquipment 2025-12-31 10150350 frs-core:ComputerEquipment 2025-01-01 2025-12-31 10150350 frs-core:ComputerEquipment 2024-12-31 10150350 frs-core:FurnitureFittings 2025-12-31 10150350 frs-core:FurnitureFittings 2025-01-01 2025-12-31 10150350 frs-core:FurnitureFittings 2024-12-31 10150350 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-12-31 10150350 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 10150350 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 10150350 frs-core:OtherResidualIntangibleAssets 2025-12-31 10150350 frs-core:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 10150350 frs-core:OtherResidualIntangibleAssets 2024-12-31 10150350 frs-core:WithinOneYear 2025-12-31 10150350 frs-core:ShareCapital 2025-12-31 10150350 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 10150350 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 10150350 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 10150350 frs-bus:SmallEntities 2025-01-01 2025-12-31 10150350 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 10150350 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 10150350 frs-bus:Director1 2025-01-01 2025-12-31 10150350 frs-countries:EnglandWales 2025-01-01 2025-12-31 10150350 2023-12-31 10150350 2024-12-31 10150350 2024-01-01 2024-12-31 10150350 frs-core:CurrentFinancialInstruments 2024-12-31 10150350 frs-core:Non-currentFinancialInstruments 2024-12-31 10150350 frs-core:BetweenOneFiveYears 2024-12-31 10150350 frs-core:WithinOneYear 2024-12-31 10150350 frs-core:ShareCapital 2024-12-31 10150350 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 10150350
RE Capital (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
RE Capital (UK) Ltd
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—7

Page 1
RE Capital (UK) Ltd
Statement of Financial Position
As At 31 December 2025
Statement of Financial Position
Registered number: 10150350

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 393,669 |  | 461,746
|  |  | 393,669 |  | 461,746
CURRENT ASSETS
Debtors | 6 | 1,246,232 |  | 1,537,410 |
Cash at bank and in hand |  | 41,836 |  | 162,714 |
|  | 1,288,068 |  | 1,700,124 |
Creditors: Amounts Falling Due Within One Year | 7 | (274,051 ) |  | (811,713 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,014,017 |  | 888,411
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,407,686 |  | 1,350,157
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (135,760 ) |  | (161,619 )
NET ASSETS |  |  | 1,271,926 |  | 1,188,538
CAPITAL AND RESERVES
Called up share capital | 9 |  | 1 |  | 1
Income Statement |  |  | 1,271,925 |  | 1,188,537
SHAREHOLDERS' FUNDS |  |  | 1,271,926 |  | 1,188,538

Page 1
Page 2
RE Capital (UK) Ltd
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

Sean Gaskell Director
10th July 2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
RE Capital (UK) Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
RE Capital (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10150350 . The registered office is 7th Floor, 105 Strand, London, WC2R 0AA.
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
The director has considered the company’s ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements.
After the reporting date, the director indicated his intention to place the company into members’ voluntary liquidation. However, the company remains party to a long-term property lease with its landlord, and discussions concerning the future of that lease are ongoing. Until those matters are resolved, the company must continue to operate in order to meet its obligations under the lease.
Whilst this situation gives rise to a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern, the directors consider that preparation of the financial statements on a going-concern basis remains appropriate at this time.
2.3. Significant judgements and estimations
In preparing these financial statements , the director is required to make judgements, estimates and assumptions about the carrying amounts of the assets and liabilities that are not obtainable from other sources. Judgements, estimates and assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates, but are unlikely to be material.
2.4. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
Page 3
Page 4
RE Capital (UK) Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.5. 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:

Leasehold | Over the term of the lease (10 years)
Fixtures & Fittings | 10% or 20% per annum
Computer Equipment | 20% or 33.33% per annum

2.6. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
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.
Page 4
Page 5
RE Capital (UK) Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.9. Pensions
The company operates a defined pension contribution scheme. for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligations.
Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 9)
3 9
4. Intangible Assets

| Website costs
--- | ---
| £
Cost
As at 1 January 2025 | 34,326
Disposals | (34,326 )
As at 31 December 2025 | -
Amortisation
As at 1 January 2025 | 34,326
Disposals | (34,326 )
As at 31 December 2025 | -
Net Book Value
As at 31 December 2025 | -
As at 1 January 2025 | -

5. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Fixtures & Fittings | Computer Equipment | Total
| £ | £ | £ | £
Cost
As at 1 January 2025 | 526,868 | 82,878 | 113,099 | 722,845
As at 31 December 2025 | 526,868 | 82,878 | 113,099 | 722,845

...CONTINUED
Page 5
Page 6
RE Capital (UK) Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025

Depreciation
As at 1 January 2025 | 135,193 | 21,252 | 104,654 | 261,099
Provided during the period | 52,531 | 8,386 | 7,160 | 68,077
As at 31 December 2025 | 187,724 | 29,638 | 111,814 | 329,176
Net Book Value
As at 31 December 2025 | 339,144 | 53,240 | 1,285 | 393,669
As at 1 January 2025 | 391,675 | 61,626 | 8,445 | 461,746

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 525 |  | 1,900
Amounts owed by group undertakings | 905,377 |  | 1,126,982
Other debtors | 340,330 |  | 408,528
| 1,246,232 |  | 1,537,410

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 19,730 |  | 407,140
Amounts owed to group undertakings | 13,554 |  | 54,134
Other creditors | 240,749 |  | 286,802
Taxation and social security | 18 |  | 63,637
| 274,051 |  | 811,713

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other creditors | 135,760 |  | 161,619

9. Share Capital

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

Page 6
Page 7
RE Capital (UK) Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
10. Contingent Liabilities
During the year ended 31st December 2022 the company entered into an operating lease for the occupation of a property. The lease is for a period of 10 years, terminating on 27th March 2032 (with a break date, at the company's discretion, of 27th March 2027), and includes a yielding up clause whereby the company must replace and renew any landlord's fixtures and fittings (including carpets) which are at the end of their economic life and must make good all damage occurring as a result of the removal of the company's fixtures.
The director has been unable to ascertain whether it is probable that the company will be required to transfer economic benefit in settlement of this yielding up clause or, if it is, to reliably estimate the amount of any such obligation. Consequently, no provision has been included in these financial statements.
11. Other Commitments
At 31st December 2025 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 206,872 |  | 206,872
Later than one year and not later than five years | 51,718 |  | 258,590
| 258,590 |  | 465,462

12. Post Balance Sheet Events
Following the year end, the director indicated his intention to place the company into members’ voluntary liquidation. The company is currently engaged in discussions with its landlord regarding the future of the existing lease. As at the date of approval of these financial statements, no agreement has been reached and the outcome remains uncertain.
This represents a non-adjusting event. No changes have been made to the financial statements as a result of this intention.
Page 7