Acorah Software Products - Accounts Production 19.3.550 false true true 30 June 2024 1 July 2023 false 1 July 2024 31 December 2025 31 December 2025 09168111 Mr Richard Ankers Mr Nicolaas Rysenbry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09168111 2024-06-30 09168111 2025-12-31 09168111 2024-07-01 2025-12-31 09168111 frs-core:CurrentFinancialInstruments 2025-12-31 09168111 frs-core:Non-currentFinancialInstruments 2025-12-31 09168111 frs-core:ComputerEquipment 2025-12-31 09168111 frs-core:ComputerEquipment 2024-07-01 2025-12-31 09168111 frs-core:ComputerEquipment 2024-06-30 09168111 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-07-01 2025-12-31 09168111 frs-core:OtherResidualIntangibleAssets 2025-12-31 09168111 frs-core:OtherResidualIntangibleAssets 2024-07-01 2025-12-31 09168111 frs-core:OtherResidualIntangibleAssets 2024-06-30 09168111 frs-core:SharePremium 2025-12-31 09168111 frs-core:ShareCapital 2025-12-31 09168111 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 09168111 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-12-31 09168111 frs-bus:FilletedAccounts 2024-07-01 2025-12-31 09168111 frs-bus:SmallEntities 2024-07-01 2025-12-31 09168111 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-12-31 09168111 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-12-31 09168111 frs-bus:Director1 2024-07-01 2025-12-31 09168111 frs-bus:Director2 2024-07-01 2025-12-31 09168111 frs-bus:Director2 2024-06-30 09168111 frs-bus:Director2 2025-12-31 09168111 frs-countries:EnglandWales 2024-07-01 2025-12-31 09168111 2023-06-30 09168111 2024-06-30 09168111 2023-07-01 2024-06-30 09168111 frs-core:CurrentFinancialInstruments 2024-06-30 09168111 frs-core:Non-currentFinancialInstruments 2024-06-30 09168111 frs-core:SharePremium 2024-06-30 09168111 frs-core:ShareCapital 2024-06-30 09168111 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: 09168111
Race Space Limited
Unaudited Financial Statements
For the Period 1 July 2024 to 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 09168111
31 December 2025 30 June 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 67,940 76,238
Tangible Assets 5 3,062 -
71,002 76,238
CURRENT ASSETS
Debtors 6 51,476 58,742
Cash at bank and in hand 106 187,956
51,582 246,698
Creditors: Amounts Falling Due Within One Year 7 (481,992 ) (265,338 )
NET CURRENT ASSETS (LIABILITIES) (430,410 ) (18,640 )
TOTAL ASSETS LESS CURRENT LIABILITIES (359,408 ) 57,598
Creditors: Amounts Falling Due After More Than One Year 8 (23,153 ) (141,467 )
NET LIABILITIES (382,561 ) (83,869 )
CAPITAL AND RESERVES
Called up share capital 9 4,489 4,489
Share premium account 254,875 254,875
Profit and Loss Account (641,925 ) (343,233 )
SHAREHOLDERS' FUNDS (382,561) (83,869)
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Page 2
For the period 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
Mr Richard Ankers
Director
30/09/2026
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Race Space Limited is a private company, limited by shares, incorporated in England & Wales, registered number 
09168111 . The registered office is The Barn Calcot Mount, Calcot Lane, Curdridge, Hampshire, SO32 2BN.
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.
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 company's accounting reference date was changed during the period from 30 June to 31 December. Accordingly, these financial statements cover the 18-month period from 1 July 2024 to 31 December 2025. The comparative figures are for the year ended 30 June 2024 and are therefore not directly comparable.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant
doubt about the company's ability to continue as a going concern, the going concern basis remains appropriate due to the financial support of the shareholders and connected parties.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Software development costs
Development expenditure relating to the development of the company's software platform is capitalised where the recognition criteria for an intangible asset are met. Capitalised costs comprise directly attributable staff costs and third-party development costs incurred in bringing the software into use.
Capitalised development costs are amortised over their estimated useful economic life of 3 years from the date the asset is available for use.
Other intangible assets are amortised to profit and loss account over its estimated economic life of 3 years.
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:
Computer Equipment 33% on cost
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.
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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 statement of comprehensive income, 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
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the
company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and
prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If
contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2.9. Recharging of Expenses
During its operations, the business incurs expenses on behalf of other entities within the group, which are
subsequently recharged at cost. These recharges primarily arise due to administrative errors where invoices have been initially directed to the incorrect entity.
To ensure that the financial statements present a true and fair view without overstating the revenue or expenses of
any individual entity, recharged expenses are netted off in the profit and loss account. Specifically, the expense initially recorded in the entity that received the invoice in error is offset by the corresponding recharge to the correct entity.
This policy of netting off is adopted to avoid inflating both income and expenses, thereby providing a more accurate representation of the financial performance of each entity within the Group.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2024: 3)
1 3
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4. Intangible Assets
Other
£
Cost
As at 1 July 2024 561,465
Additions 99,562
As at 31 December 2025 661,027
Amortisation
As at 1 July 2024 485,227
Provided during the period 107,860
As at 31 December 2025 593,087
Net Book Value
As at 31 December 2025 67,940
As at 1 July 2024 76,238
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5. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2024 -
Additions 4,664
As at 31 December 2025 4,664
Depreciation
As at 1 July 2024 -
Provided during the period 1,602
As at 31 December 2025 1,602
Net Book Value
As at 31 December 2025 3,062
As at 1 July 2024 -
6. Debtors
31 December 2025 30 June 2024
£ £
Due within one year
Trade debtors - 34,494
Other debtors 51,476 24,248
51,476 58,742
7. Creditors: Amounts Falling Due Within One Year
31 December 2025 30 June 2024
£ £
Trade creditors - 134
Bank loans and overdrafts 6,424 6,027
Other taxes and social security 66,387 19,234
VAT 1,491 4,948
Other creditors 35,483 196,532
Accruals and deferred income 67,647 3,487
Directors' loan accounts 18,847 34,976
Amounts owed to group undertakings 285,713 -
481,992 265,338
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8. Creditors: Amounts Falling Due After More Than One Year
31 December 2025 30 June 2024
£ £
Bank loans 23,153 32,874
Other creditors - 108,593
23,153 141,467
9. Share Capital
31 December 2025 30 June 2024
£ £
Allotted, Called up and fully paid 4,489 4,489
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other
resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred
and the time value of money is material, the initial measurement is on a present value basis.
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans owed to directors by the company:
As at 1 July 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Nicolaas Rysenbry (34,582 ) - 15,225 - (18,453 )
Mr Bruno Noble (394) - - - (394)
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
The company has taken the exemption available under FRS 102 Section 33.1A, whereby it is not required to disclose transactions with group companies.
During the period, a company under the control of one of the directors waived a loan of £48,593 due from the company. The amount waived has been recognised within other operating income in the profit and loss account.
The directors have reviewed all other related party transactions and consider these to have been concluded under normal market conditions and therefore no additional disclosure is required in the financial statements.
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