Acorah Software Products - Accounts Production 19.3.600 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 03431764 Mr Vinod Halai Mr Vipul Halai iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03431764 2024-12-31 03431764 2025-12-31 03431764 2025-01-01 2025-12-31 03431764 frs-core:CurrentFinancialInstruments 2025-12-31 03431764 frs-core:Non-currentFinancialInstruments 2025-12-31 03431764 frs-core:PlantMachinery 2025-12-31 03431764 frs-core:PlantMachinery 2025-01-01 2025-12-31 03431764 frs-core:PlantMachinery 2024-12-31 03431764 frs-core:RevaluationReserve 2024-12-31 03431764 frs-core:RevaluationReserve 2025-12-31 03431764 frs-core:ShareCapital 2025-12-31 03431764 frs-core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 03431764 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-12-31 03431764 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 03431764 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 03431764 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 03431764 frs-bus:SmallEntities 2025-01-01 2025-12-31 03431764 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 03431764 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 03431764 frs-bus:Director1 2025-01-01 2025-12-31 03431764 frs-bus:Director2 2025-01-01 2025-12-31 03431764 frs-countries:EnglandWales 2025-01-01 2025-12-31 03431764 2023-12-31 03431764 2024-12-31 03431764 2024-01-01 2024-12-31 03431764 frs-core:CurrentFinancialInstruments 2024-12-31 03431764 frs-core:Non-currentFinancialInstruments 2024-12-31 03431764 frs-core:RevaluationReserve 2024-12-31 03431764 frs-core:ShareCapital 2024-12-31 03431764 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 03431764
Marigold Corporation Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03431764
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,527 1,796
Investment Properties 5 7,720,000 7,720,000
7,721,527 7,721,796
CURRENT ASSETS
Debtors 6 - 2,297
Cash at bank and in hand 66,948 85,259
66,948 87,556
Creditors: Amounts Falling Due Within One Year 7 (860,735 ) (841,448 )
NET CURRENT ASSETS (LIABILITIES) (793,787 ) (753,892 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,927,740 6,967,904
Creditors: Amounts Falling Due After More Than One Year 8 (1,213,054 ) (1,283,647 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (529,714 ) (529,714 )
NET ASSETS 5,184,972 5,154,543
CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 4,219,861 4,219,861
Profit and Loss Account 965,109 934,680
SHAREHOLDERS' FUNDS 5,184,972 5,154,543
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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
Mr Vinod Halai
Director
22/08/2026
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
Marigold Corporation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03431764 . The registered office is 250 Chamberlayne Road, London, NW10 3LN.
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 rents 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. 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:
Plant & Machinery 15% on written down basis
2.4. 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.
Properties are valued using RICS open market valuation on freehold basis, conducted by Anderson Wilde & Harris, Chartered Surveyors.
2.5. 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: 2 (2024: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2025 39,865
As at 31 December 2025 39,865
Depreciation
As at 1 January 2025 38,069
Provided during the period 269
As at 31 December 2025 38,338
Net Book Value
As at 31 December 2025 1,527
As at 1 January 2025 1,796
Three of the thirteen properties were revalued in February 2016 as part of the refinance process. The remaining properties were revalued in August 2017 under direct instruction from the directors. Both sets of valuations were carried out by Mr T Kyriacou Bsc (Hons), Msc, MRICS and Mr H Hirani Bsc (Hons), MRICS, both of Anderson Wilde & Harris. The valuations were based on recent market values achieved on comparable properties in the immediate vicinity.
5. Investment Property
2025
£
Fair Value
As at 1 January 2025 and 31 December 2025 7,720,000
6. Debtors
2025 2024
£ £
Due within one year
Other debtors - 2,297
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 850,331 818,616
Taxation and social security 10,404 22,832
860,735 841,448
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,213,054 1,283,647
Bank loans are secured by a fixed charge over freehold property
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Page 5
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
10. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 January 2025 4,219,861 934,680
Profit for the year and total comprehensive income - 30,429
As at 31 December 2025 4,219,861 965,109
11. Related Party Transactions
Other creditors include £418,434 (2024: £418,434) owed to a company registered in UK and under common ownership and control.
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