Acorah Software Products - Accounts Production 19.4.300 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 SC648893 G J Favier G J Favier true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC648893 2024-12-31 SC648893 2025-12-31 SC648893 2025-01-01 2025-12-31 SC648893 frs-core:CurrentFinancialInstruments 2025-12-31 SC648893 frs-core:Non-currentFinancialInstruments 2025-12-31 SC648893 frs-core:PlantMachinery 2025-12-31 SC648893 frs-core:PlantMachinery 2025-01-01 2025-12-31 SC648893 frs-core:PlantMachinery 2024-12-31 SC648893 frs-core:ShareCapital 2025-12-31 SC648893 frs-core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 SC648893 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-12-31 SC648893 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 SC648893 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC648893 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 SC648893 frs-bus:SmallEntities 2025-01-01 2025-12-31 SC648893 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 SC648893 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC648893 1 2025-01-01 2025-12-31 SC648893 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 SC648893 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-12-31 SC648893 frs-bus:Director1 2025-01-01 2025-12-31 SC648893 frs-countries:Scotland 2025-01-01 2025-12-31 SC648893 2023-12-31 SC648893 2024-12-31 SC648893 2024-01-01 2024-12-31 SC648893 frs-core:CurrentFinancialInstruments 2024-12-31 SC648893 frs-core:Non-currentFinancialInstruments 2024-12-31 SC648893 frs-core:ShareCapital 2024-12-31 SC648893 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC648893 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31
Registered number: SC648893
GBFC Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Neil Nisbet & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC648893
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,740 155
Investment Properties 5 452,536 452,536
456,276 452,691
CURRENT ASSETS
Debtors 6 626 577
Cash at bank and in hand 4,207 15,456
4,833 16,033
Creditors: Amounts Falling Due Within One Year 7 (170,001 ) (172,567 )
NET CURRENT ASSETS (LIABILITIES) (165,168 ) (156,534 )
TOTAL ASSETS LESS CURRENT LIABILITIES 291,108 296,157
Creditors: Amounts Falling Due After More Than One Year 8 (257,496 ) (257,496 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (3,093 ) (3,093 )
Deferred Taxation (12,748 ) (12,748 )
NET ASSETS 17,771 22,820
CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 35,152 35,152
Profit and Loss Account (17,382 ) (12,333 )
SHAREHOLDERS' FUNDS 17,771 22,820
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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 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 Profit and Loss Account.
On behalf of the board
G J Favier
Director
07/09/2026
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
GBFC Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC648893 . The registered office is 59b Manor Place, Edinburgh, EH3 7EG.
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:
Plant & Machinery 25% on cost
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2025 884
Additions 4,245
As at 31 December 2025 5,129
Depreciation
As at 1 January 2025 729
Provided during the period 660
As at 31 December 2025 1,389
Net Book Value
As at 31 December 2025 3,740
As at 1 January 2025 155
5. Investment Property
2025
£
Fair Value
As at 1 January 2025 and 31 December 2025 452,536
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 401,543 401,543
The properties were valued on an open market basis on 31 December 2025 by the director.
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 626 577
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other loans 50,000 50,000
Other creditors 120,001 122,567
170,001 172,567
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 244,655 244,655
Amounts owed to participating interests 12,841 12,841
257,496 257,496
9. Secured Creditors
The company has granted individual fixed charges over four of the properties it owns to the mortgage providers of these properties. The amount secured at the balance sheet date is as follows:
2025 2024
£ £
Bank loans and overdrafts 244,655 244,655
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
11. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 January 2025 35,152 (12,333 )
Loss for the year and total comprehensive income - (5,049 )
As at 31 December 2025 35,152 (17,382 )
12. Ultimate Controlling Party
The company's ultimate controlling party is G J Favier .
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