Acorah Software Products - Accounts Production 19.4.351 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 10283688 Mr Michael Ingall Mr Charlie Ingall Mr Frederick Graham-Watson Mr Suresh Gorasia Versa Holdco (Investment) Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10283688 2024-12-31 10283688 2025-12-31 10283688 2025-01-01 2025-12-31 10283688 frs-core:CurrentFinancialInstruments 2025-12-31 10283688 frs-core:BetweenOneFiveYears 2025-12-31 10283688 frs-core:ComputerEquipment 2025-12-31 10283688 frs-core:ComputerEquipment 2025-01-01 2025-12-31 10283688 frs-core:ComputerEquipment 2024-12-31 10283688 frs-core:FurnitureFittings 2025-12-31 10283688 frs-core:FurnitureFittings 2025-01-01 2025-12-31 10283688 frs-core:FurnitureFittings 2024-12-31 10283688 frs-core:MoreThanFiveYears 2025-12-31 10283688 frs-core:MotorVehicles 2025-12-31 10283688 frs-core:MotorVehicles 2025-01-01 2025-12-31 10283688 frs-core:MotorVehicles 2024-12-31 10283688 frs-core:WithinOneYear 2025-12-31 10283688 frs-core:ShareCapital 2025-12-31 10283688 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 10283688 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 10283688 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 10283688 frs-bus:SmallEntities 2025-01-01 2025-12-31 10283688 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 10283688 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 10283688 frs-bus:OrdinaryShareClass1 2025-01-01 2025-12-31 10283688 frs-bus:OrdinaryShareClass1 2025-12-31 10283688 1 2025-01-01 2025-12-31 10283688 frs-bus:Director1 2025-01-01 2025-12-31 10283688 frs-bus:Director2 2025-01-01 2025-12-31 10283688 frs-bus:Director3 2025-01-01 2025-12-31 10283688 frs-bus:Director4 2025-01-01 2025-12-31 10283688 1 2025-01-01 2025-12-31 10283688 frs-countries:EnglandWales 2025-01-01 2025-12-31 10283688 2023-12-31 10283688 2024-12-31 10283688 2024-01-01 2024-12-31 10283688 frs-core:CurrentFinancialInstruments 2024-12-31 10283688 frs-core:BetweenOneFiveYears 2024-12-31 10283688 frs-core:MoreThanFiveYears 2024-12-31 10283688 frs-core:WithinOneYear 2024-12-31 10283688 frs-core:ShareCapital 2024-12-31 10283688 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10283688 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 10283688 1 2024-01-01 2024-12-31
Registered number: 10283688
Versa Manchester Studios Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—5
Page 1
Statement of Financial Position
Registered number: 10283688
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,629,117 1,670,388
1,629,117 1,670,388
CURRENT ASSETS
Debtors 5 1,187,540 2,278,468
Cash at bank and in hand 132,079 392,048
1,319,619 2,670,516
Creditors: Amounts Falling Due Within One Year 6 (8,820,094 ) (10,114,008 )
NET CURRENT ASSETS (LIABILITIES) (7,500,475 ) (7,443,492 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,871,358 ) (5,773,104 )
NET LIABILITIES (5,871,358 ) (5,773,104 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement (5,871,458 ) (5,773,204 )
SHAREHOLDERS' FUNDS (5,871,358) (5,773,104)
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 Income Statement.
On behalf of the board
Mr Suresh Gorasia
Director
16 September 2026
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Versa Manchester Studios Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10283688 . The registered office is C/O Allied London, Suite 1, Bonded Warehouse, 18 Lower Byrom Street, Manchester, Greater Manchester, M3 4AP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
The company is in net current liability position as at 31 December 2025 of £7,500,475. Versa Manchester Studios Limited has various obligations it is required to meet and as a result has undertaken a thorough going concern review to ensure the company will continue to be able to meet its liabilities for the next year from the signing date of the accounts.
The company has £4,667,623 that is owed to group undertakings as at 31 December 2025. These are repayable on demand and not interest bearing. However, these liabilities will not be demanded within the next 12-month period from the signing date of the accounts. Other creditors include £2,543,137 relating to a rent-free accounting adjustment. This amount is not required to be settled in cash terms. Furthermore, the company had a cash balance of £132,079 as at 31 December 2025. 
Following a review of the make-up of the balance sheet, combined with an assessment of the company’s cashflow forecasts for a period of at least 12 months from the signing date of the financial statements, the board has concluded that the company will be able to continue to meet its liabilities as they fall due and continue in operational existence for at least 12 months from the date of approval of these financial statements. For these reasons, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
2.3. Significant judgements and estimations
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2.4. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts and is predominantly rental income.
2.5. 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 5 years straight line
Fixtures & Fittings 5 years straight line
Computer Equipment 5 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.
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2.6. Leasing and Hire Purchase Contracts
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2.7. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
The company considers that the fair value of cash and cash equivalents, loans, trade and other receivables, and trade and other payables are not materially different to their carrying value. There are no financial instruments at fair value through profit and loss.
2.8. Taxation
The tax expense represents the sum of the tax currently payable and the deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except:
• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; 
• Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and 
• Where timing differences relate to interests in subsidiaries, associates, branches and joint ventures and the group can control their reversal and such reversal is not considered probable in the foreseeable future.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax.
Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Directors 5 5
5 5
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Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2025 17,177 3,561,440 24,883 3,603,500
Additions - 509,482 38,423 547,905
As at 31 December 2025 17,177 4,070,922 63,306 4,151,405
Depreciation
As at 1 January 2025 14,597 1,906,013 12,502 1,933,112
Provided during the period 596 581,152 7,428 589,176
As at 31 December 2025 15,193 2,487,165 19,930 2,522,288
Net Book Value
As at 31 December 2025 1,984 1,583,757 43,376 1,629,117
As at 1 January 2025 2,580 1,655,427 12,381 1,670,388
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 421,677 1,673,381
Prepayments and accrued income 518,255 469,351
Other debtors 247,608 135,736
1,187,540 2,278,468
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 923,926 1,929,147
Other creditors 2,543,137 2,668,381
Accruals and deferred income 685,408 511,996
Amounts owed to group undertakings 4,667,623 5,004,484
8,820,094 10,114,008
In 2024, other creditors included an amount of £220,000 which was owed to Mr M Ingall, a director of the company. This amount was repaid in 2025.
Amounts due to group undertakings are repayable on demand and not interest bearing.
7. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
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8. Financial Instruments
The company considers that the fair value of cash and cash equivalents, loans, trade and other receivables, and trade and other payables are not materially different to their carrying value. There are no financial instruments at fair value through profit and loss.
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 702,471 702,471
Later than one year and not later than five years 3,449,884 3,449,884
Later than five years 13,553,864 14,256,335
17,706,219 18,408,690
10. Related Party Transactions
The company has taken advantage of the exemption allowed by Financial Reporting Standard 102, "Related party disclosures" Section 33.1A not to disclose details of related party transactions with entities that are 100% owned members of the same group. There are no other related party transactions other than as disclosed.
Transactions with directors
The loans made to and from the company are not subject to interest and are repayable on demand.
At 31 December 2025 Versa Manchester Studios Limited owes £nil to Mr M Ingall (2024: £220,000). This amount was repaid by Versa Manchester Studios Limited during the year.
11. Ultimate Parent Undertaking and Controlling Party
The company's parent company is Versa Holdco (Investment) Limited, a company registered in England & Wales. Its registered address is C/O Allied London, Suite 1, Bonded Warehouse, 18 Lower Byrom Street, Manchester, Greater Manchester, M3 4AP
In the opinion of the directors Versa Holdco (Investment) Limited has no controlling party.
12. Audit Information
The auditor's report on the accounts of Versa Manchester Studios Limited for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by Statutory Auditor.
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