Acorah Software Products - Accounts Production 19.3.550 false true 30 April 2024 3 April 2023 false 1 May 2024 30 April 2025 30 April 2025 14776097 Mr Jonathan Pace Mr Richard Hemmings iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14776097 2024-04-30 14776097 2025-04-30 14776097 2024-05-01 2025-04-30 14776097 frs-core:CurrentFinancialInstruments 2025-04-30 14776097 frs-core:Non-currentFinancialInstruments 2025-04-30 14776097 frs-core:BetweenOneFiveYears 2025-04-30 14776097 frs-core:FurnitureFittings 2025-04-30 14776097 frs-core:FurnitureFittings 2024-05-01 2025-04-30 14776097 frs-core:FurnitureFittings 2024-04-30 14776097 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-04-30 14776097 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 14776097 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 14776097 frs-core:WithinOneYear 2025-04-30 14776097 frs-core:ShareCapital 2025-04-30 14776097 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 14776097 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 14776097 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 14776097 frs-bus:SmallEntities 2024-05-01 2025-04-30 14776097 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 14776097 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 14776097 frs-bus:Director1 2024-05-01 2025-04-30 14776097 frs-bus:Director2 2024-05-01 2025-04-30 14776097 frs-countries:EnglandWales 2024-05-01 2025-04-30 14776097 2023-04-02 14776097 2024-04-30 14776097 2023-04-03 2024-04-30 14776097 frs-core:CurrentFinancialInstruments 2024-04-30 14776097 frs-core:Non-currentFinancialInstruments 2024-04-30 14776097 frs-core:BetweenOneFiveYears 2024-04-30 14776097 frs-core:WithinOneYear 2024-04-30 14776097 frs-core:ShareCapital 2024-04-30 14776097 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 14776097
Tern Valley Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Pink Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14776097
30 April 2025 30 April 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 621,472 290,022
621,472 290,022
CURRENT ASSETS
Debtors 5 14,288 23,939
Cash at bank and in hand 2,361 1,062
16,649 25,001
Creditors: Amounts Falling Due Within One Year 6 (483,187 ) (122,525 )
NET CURRENT ASSETS (LIABILITIES) (466,538 ) (97,524 )
TOTAL ASSETS LESS CURRENT LIABILITIES 154,934 192,498
Creditors: Amounts Falling Due After More Than One Year 7 (296,583 ) (252,433 )
NET LIABILITIES (141,649 ) (59,935 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (141,749 ) (60,035 )
SHAREHOLDERS' FUNDS (141,649) (59,935)
Page 1
Page 2
For the year ending 30 April 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 Jonathan Pace
Director
Mr Richard Hemmings
Director
26/08/2026
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
Tern Valley Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14776097 . The registered office is Spear House, Cobbett Road, Burntwood, Staffordshire, WS7 3GL.
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 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
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:
Leasehold 25 Years
Fixtures & Fittings 25% RBM
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2024 208,430 111,644 320,074
Additions 192,431 175,959 368,390
As at 30 April 2025 400,861 287,603 688,464
Depreciation
As at 1 May 2024 - 30,052 30,052
Provided during the period - 36,940 36,940
As at 30 April 2025 - 66,992 66,992
Net Book Value
As at 30 April 2025 400,861 220,611 621,472
As at 1 May 2024 208,430 81,592 290,022
5. Debtors
30 April 2025 30 April 2024
£ £
Due within one year
Trade debtors 3,980 -
Other debtors 10,308 23,939
14,288 23,939
6. Creditors: Amounts Falling Due Within One Year
30 April 2025 30 April 2024
£ £
Net obligations under finance lease and hire purchase contracts 61,550 16,069
Trade creditors 3,980 -
Other loans 2,109 1,900
Amounts owed to group undertakings 25,217 82,996
Other creditors 390,331 21,560
483,187 122,525
7. Creditors: Amounts Falling Due After More Than One Year
30 April 2025 30 April 2024
£ £
Net obligations under finance lease and hire purchase contracts 92,897 46,638
Other loans 203,686 205,795
296,583 252,433
Page 4
Page 5
8. Obligations Under Finance Leases and Hire Purchase
30 April 2025 30 April 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 61,550 16,069
Later than one year and not later than five years 92,897 46,638
154,447 62,707
154,447 62,707
9. Share Capital
30 April 2025 30 April 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5