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 11717156 Mr R Singh Mrs S Kaur iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11717156 2024-12-31 11717156 2025-12-31 11717156 2025-01-01 2025-12-31 11717156 frs-core:CurrentFinancialInstruments 2025-12-31 11717156 frs-core:Non-currentFinancialInstruments 2025-12-31 11717156 frs-core:BetweenOneFiveYears 2025-12-31 11717156 frs-core:MotorVehicles 2025-01-01 2025-12-31 11717156 frs-core:WithinOneYear 2025-12-31 11717156 frs-core:SharePremium 2025-12-31 11717156 frs-core:ShareCapital 2025-12-31 11717156 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 11717156 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 11717156 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 11717156 frs-bus:SmallEntities 2025-01-01 2025-12-31 11717156 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 11717156 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 11717156 frs-bus:Director1 2025-01-01 2025-12-31 11717156 frs-bus:Director2 2025-01-01 2025-12-31 11717156 frs-core:CurrentFinancialInstruments 1 2025-12-31 11717156 frs-core:CurrentFinancialInstruments 2 2025-12-31 11717156 frs-core:CurrentFinancialInstruments 3 2025-12-31 11717156 frs-countries:EnglandWales 2025-01-01 2025-12-31 11717156 2023-12-31 11717156 2024-12-31 11717156 2024-01-01 2024-12-31 11717156 frs-core:CurrentFinancialInstruments 2024-12-31 11717156 frs-core:Non-currentFinancialInstruments 2024-12-31 11717156 frs-core:BetweenOneFiveYears 2024-12-31 11717156 frs-core:WithinOneYear 2024-12-31 11717156 frs-core:SharePremium 2024-12-31 11717156 frs-core:ShareCapital 2024-12-31 11717156 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11717156 frs-core:CurrentFinancialInstruments 1 2024-12-31 11717156 frs-core:CurrentFinancialInstruments 2 2024-12-31 11717156 frs-core:CurrentFinancialInstruments 3 2024-12-31
Chrome Assets Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Walji & Co Private Clients Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11717156
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 68,640 91,520
Investment Properties 4 10,263,484 10,263,484
10,332,124 10,355,004
CURRENT ASSETS
Debtors 5 35,041 33,873
Cash at bank and in hand 702,936 373,000
737,977 406,873
Creditors: Amounts Falling Due Within One Year 6 (1,005,893 ) (960,481 )
NET CURRENT ASSETS (LIABILITIES) (267,916 ) (553,608 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,064,208 9,801,396
Creditors: Amounts Falling Due After More Than One Year 7 (5,262,624 ) (5,273,057 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,266 ) (1,688 )
NET ASSETS 4,800,318 4,526,651
CAPITAL AND RESERVES
Called up share capital 10 2,846,011 2,846,011
Share premium account 695,089 695,089
Profit and Loss Account 1,259,218 985,551
SHAREHOLDERS' FUNDS 4,800,318 4,526,651
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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
Mrs S Kaur
Director
17/09/2026
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
Chrome Assets Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11717156 . The registered office is Prospect House, 50 Leigh Road, Eastleigh, Hampshire, SO50 9DT.
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:
Motor Vehicles 25% reducing balance
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.
2.5. 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.
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2.6. 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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Investment Property
2025
£
Fair Value
As at 1 January 2025 and 31 December 2025 10,263,484
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost - 10,263,484
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 14,945 14,842
Prepayments and accrued income 17,035 17,053
Deferred tax current asset 3,061 1,978
35,041 33,873
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 12,829 12,829
Trade creditors 527 526
Bank loans and overdrafts 3,821 5,365
Corporation tax 93,706 56,885
Other taxes and social security 14,582 15,000
Net wages 1,518 2,714
Other creditors 182,105 180,930
Tenant deposits held (Current liabilities - creditors < 1 year) 79,794 74,438
Rents in advance (Current liabilities - creditors < 1 year) 10,078 11,225
Other creditors (3) 60,000 60,000
Accruals and deferred income 31,409 31,027
Directors' loan accounts 515,524 509,542
1,005,893 960,481
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 76,599 89,427
Bank loans 5,186,025 5,183,630
5,262,624 5,273,057
8. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts - 5,188,994
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 18,201 18,201
Later than one year and not later than five years 86,895 105,095
105,096 123,296
Less: Finance charges allocated to future periods 15,668 21,040
89,428 102,256
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2,846,011 2,846,011
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11. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 1,000 -
12. Related Party Transactions
Chrome Property Solutions LtdA company in which both Mr R Singh and Mrs S Kaur are the only shareholders and directors.During 2022, the company was provided an interest-free loan by Chrome Property Solutions Ltd. The amount outstanding at the year end was £80,000 (2024 - £80,000).

Chrome Property Solutions Ltd

A company in which both Mr R Singh and Mrs S Kaur are the only shareholders and directors.

During 2022, the company was provided an interest-free loan by Chrome Property Solutions Ltd. The amount outstanding at the year end was £80,000 (2024 - £80,000).

Vibe Enterprises LtdA company in which both Mr R Singh and Mrs S Kaur are the only shareholders and directors.During the year, the company was provided an interest-free loan by Vibe Enterprises Ltd. The amount outstanding at the year end was £102,105 (2024 - £100,930).

Vibe Enterprises Ltd

A company in which both Mr R Singh and Mrs S Kaur are the only shareholders and directors.

During the year, the company was provided an interest-free loan by Vibe Enterprises Ltd. The amount outstanding at the year end was £102,105 (2024 - £100,930).

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