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Registered number: 10504565
Lucerna Consultants Limited
Unaudited Financial Statements
For The Year Ended 30 November 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10504565
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 522
Investments 5 10,349 10,349
10,349 10,871
CURRENT ASSETS
Debtors 6 419,891 401,262
Cash at bank and in hand 3,649 20,272
423,540 421,534
Creditors: Amounts Falling Due Within One Year 7 (2,768 ) (9,799 )
NET CURRENT ASSETS (LIABILITIES) 420,772 411,735
TOTAL ASSETS LESS CURRENT LIABILITIES 431,121 422,606
NET ASSETS 431,121 422,606
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 431,111 422,596
SHAREHOLDERS' FUNDS 431,121 422,606
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For the year ending 30 November 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
Ranjini Paskarajothy
Director
13 August 2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Lucerna Consultants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10504565 . The registered office is 48 Frobisher Road, London, N8 0QX.
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
Rendering of services
Revenue from rendering of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured.
For continuing services, revenue 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.
Interest income
Revenue is recognised as interest accrues using the effective interest method.
2.3. Tangible Fixed Assets and Depreciation
Furniture, fixtures and equipment 25% Straight line basis
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. No depreciation is provided in the year of acquisition. 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:
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.
...CONTINUED
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2.4. Taxation - continued
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.
2.5. Investment
Investments in funds are recognised at fair value through profit or loss in accordance with FRS 102.
Investments are initially recognised at transaction price and are subsequently measured at fair value at each reporting date. Gains and losses arising from changes in fair value are recognised in the profit and loss account in the period in which they arise. Investment income, including dividends and distributions received from the fund, is recognised when the right to receipt is established.
3. Average Number of Employees
Average number of employees, including directors, during the year was☺ 1 (2024: 1)
1 1
4. Tangible Assets
Furniture, fixtures and equipment
£
Cost
As at 1 December 2024 2,625
As at 30 November 2025 2,625
Depreciation
As at 1 December 2024 2,103
Provided during the period 522
As at 30 November 2025 2,625
Net Book Value
As at 30 November 2025 -
As at 1 December 2024 522
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5. Investments
Other
£
Cost or Valuation
As at 1 December 2024 10,349
As at 30 November 2025 10,349
Provision
As at 1 December 2024 -
As at 30 November 2025 -
Net Book Value
As at 30 November 2025 10,349
As at 1 December 2024 10,349
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 7,920
Director's loan account 28,490 -
VAT - 3,855
28,490 11,775
Due after more than one year
Amounts owed by other related parties (Debtors > 1 year) 391,401 389,487
419,891 401,262
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 2,048 6,929
Accruals and deferred income 720 971
Directors' loan accounts - 1,899
2,768 9,799
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2024 Amounts advanced Amounts repaid Amounts written off As at 30 November 2025
£ £ £ £ £
Mrs Ranjini Paskarajothy (1,899 ) 32,610 2,221 - 28,490
The above loan is unsecured, repayable by 31st August 2026 and interest has been charged at 2.5% per annum from 1 December 2025 to 5 April 2026 and 3.7% per annum from 6 April 2025 to 30 November 2026 on the outstanding balance.
10. Related Party Transactions
Included in creditors due within one year is an amount of £0 (2024: £1,899) owed to its director. The amount is interest free and repayable on demand.
Included in debtors due within one year is an amount of £28,490 (2024: £0) owed by its director.
Included in debtors due after more than one year is an amount of £391,401 (2024: £389,487) owed by its related company. The amount is repayable on demand and interest has been charged at 2.25% per annum from 1 December 2024 to 30 November 2025.
11. Ultimate Controlling Party
The company's ultimate controlling party is director by virtue of the ownership of 100% of the issued share capital in the company.
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