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 10845650 Mr Norman Pepe Mr Norman Pepe 19 The Circle, Queen Elizabeth Street, London, England, SE1 2JE true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10845650 2024-12-31 10845650 2025-12-31 10845650 2025-01-01 2025-12-31 10845650 frs-core:CurrentFinancialInstruments 2025-12-31 10845650 frs-core:Non-currentFinancialInstruments 2025-12-31 10845650 frs-core:ComputerEquipment 2025-12-31 10845650 frs-core:ComputerEquipment 2025-01-01 2025-12-31 10845650 frs-core:ComputerEquipment 2024-12-31 10845650 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-12-31 10845650 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 10845650 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 10845650 frs-core:MotorVehicles 2025-12-31 10845650 frs-core:MotorVehicles 2025-01-01 2025-12-31 10845650 frs-core:MotorVehicles 2024-12-31 10845650 frs-core:ShareCapital 2025-12-31 10845650 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 10845650 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 10845650 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 10845650 frs-bus:SmallEntities 2025-01-01 2025-12-31 10845650 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 10845650 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 10845650 1 2025-01-01 2025-12-31 10845650 frs-core:ListedExchangeTraded 2025-12-31 10845650 frs-core:ListedExchangeTraded 2024-12-31 10845650 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 10845650 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2025-12-31 10845650 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-12-31 10845650 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 10845650 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-12-31 10845650 frs-bus:Director1 2025-01-01 2025-12-31 10845650 frs-countries:EnglandWales 2025-01-01 2025-12-31 10845650 2023-12-31 10845650 2024-12-31 10845650 2024-01-01 2024-12-31 10845650 frs-core:CurrentFinancialInstruments 2024-12-31 10845650 frs-core:Non-currentFinancialInstruments 2024-12-31 10845650 frs-core:ShareCapital 2024-12-31 10845650 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 10845650
ILS (LONDON UK) LTD.
Unaudited Financial Statements
For The Year Ended 31 December 2025
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10845650
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 97,613 118,137
Investments 5 194,109 1,469,975
291,722 1,588,112
CURRENT ASSETS
Debtors 6 1,037,537 596,876
Cash at bank and in hand 316,131 1,657,043
1,353,668 2,253,919
Creditors: Amounts Falling Due Within One Year 7 (424,428 ) (167,164 )
NET CURRENT ASSETS (LIABILITIES) 929,240 2,086,755
TOTAL ASSETS LESS CURRENT LIABILITIES 1,220,962 3,674,867
Creditors: Amounts Falling Due After More Than One Year 8 - (3,559 )
NET ASSETS 1,220,962 3,671,308
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 1,219,962 3,670,308
SHAREHOLDERS' FUNDS 1,220,962 3,671,308
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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
Mr Norman Pepe
Director
14/09/2026
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
ILS (LONDON UK) LTD. is a private company, limited by shares, incorporated in England & Wales, registered number 10845650 . The registered office is 3 Ravey Street, London, EC2A 4QP.
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 Improvements 18% RB
Motor Vehicles 18% RB
Office Equipment 18% RB
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.
2.5. Financial Instruments
Recognition and initial measurement
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. They are initially measured at the transaction price, including transaction costs, unless the arrangement constitutes a financing transaction.
Basic financial instruments
The company holds basic financial instruments including cash and cash equivalents, trade and other receivables and payables, and gilts (UK government bonds). These are subsequently measured at amortised cost using the effective interest method, unless stated otherwise.
Gilts (UK government bonds)
Gilts are classified as basic financial instruments and are held with the intention of being held to maturity. Accordingly, they are measured at amortised cost using the effective interest method. Interest income is recognised in profit or loss over the life of the instrument, based on the effective yield.
...CONTINUED
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2.5. Financial Instruments - continued
Impairment of financial assets
At each reporting date, financial assets measured at amortised cost are reviewed for objective evidence of impairment. Any identified impairment loss is recognised in profit or loss.
Derecognition
Financial assets are derecognised when the contractual rights to receive cash flows have expired or been settled. Financial liabilities are derecognised when the related obligations are discharged, cancelled, or expire.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.
2.7. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Improvements Motor Vehicles Office Equipment Total
£ £ £ £
Cost
As at 1 January 2025 160,469 62,812 31,475 254,756
Additions - - 902 902
As at 31 December 2025 160,469 62,812 32,377 255,658
...CONTINUED
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Page 5
Depreciation
As at 1 January 2025 91,227 28,179 17,213 136,619
Provided during the period 12,463 6,234 2,729 21,426
As at 31 December 2025 103,690 34,413 19,942 158,045
Net Book Value
As at 31 December 2025 56,779 28,399 12,435 97,613
As at 1 January 2025 69,242 34,633 14,262 118,137
5. Investments
Listed
£
Cost
As at 1 January 2025 1,469,975
Disposals (1,275,866 )
As at 31 December 2025 194,109
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 194,109
As at 1 January 2025 1,469,975
The company holds investments in UK government treasuries, at the reporting date, the carrying amount of investments was as follows:
UK(GOVT OF) 4.5% GILT 07/09/34 - £194,109
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 15,425 56,662
Other debtors 997,823 45,587
1,013,248 102,249
Due after more than one year
Other debtors 24,289 494,627
1,037,537 596,876
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 13,076 3,597
Bank loans and overdrafts - 10,608
Other creditors 16,246 -
Taxation and social security 395,106 152,959
424,428 167,164
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 3,559
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Pepe Blue Ltd . Pepe Blue Ltd was incorporated in England.  The ultimate controlling party is Mr Norman Pepe .
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