Acorah Software Products - Accounts Production 19.4.351 false true 31 January 2025 1 February 2024 false 1 February 2025 31 January 2026 31 January 2026 SC294158 Paul Harper iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC294158 2025-01-31 SC294158 2026-01-31 SC294158 2025-02-01 2026-01-31 SC294158 frs-core:CurrentFinancialInstruments 2026-01-31 SC294158 frs-core:Non-currentFinancialInstruments 2026-01-31 SC294158 frs-core:BetweenOneFiveYears 2026-01-31 SC294158 frs-core:MotorVehicles 2026-01-31 SC294158 frs-core:MotorVehicles 2025-02-01 2026-01-31 SC294158 frs-core:MotorVehicles 2025-01-31 SC294158 frs-core:WithinOneYear 2026-01-31 SC294158 frs-core:RevaluationReserve 2025-01-31 SC294158 frs-core:RevaluationReserve 2026-01-31 SC294158 frs-core:ShareCapital 2026-01-31 SC294158 frs-core:RetainedEarningsAccumulatedLosses 2025-02-01 2026-01-31 SC294158 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2025-01-31 SC294158 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 SC294158 frs-bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 SC294158 frs-bus:FilletedAccounts 2025-02-01 2026-01-31 SC294158 frs-bus:SmallEntities 2025-02-01 2026-01-31 SC294158 frs-bus:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 SC294158 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 SC294158 frs-bus:Director1 2025-02-01 2026-01-31 SC294158 frs-countries:Scotland 2025-02-01 2026-01-31 SC294158 2024-01-31 SC294158 2025-01-31 SC294158 2024-02-01 2025-01-31 SC294158 frs-core:CurrentFinancialInstruments 2025-01-31 SC294158 frs-core:Non-currentFinancialInstruments 2025-01-31 SC294158 frs-core:BetweenOneFiveYears 2025-01-31 SC294158 frs-core:WithinOneYear 2025-01-31 SC294158 frs-core:RevaluationReserve 2025-01-31 SC294158 frs-core:ShareCapital 2025-01-31 SC294158 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31
Registered number: SC294158
THISTLE INVESTMENTS (NORTHERN) LIMITED
Financial Statements
For The Year Ended 31 January 2026
MacDonald Accountancy
11 Margaret Street
Stonehaven
AB39 2AY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC294158
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 127,940 65,776
Investment Properties 5 880,000 880,000
1,007,940 945,776
CURRENT ASSETS
Debtors 6 79,143 122,932
Cash at bank and in hand 7,413 11,983
86,556 134,915
Creditors: Amounts Falling Due Within One Year 7 (224,909 ) (205,443 )
NET CURRENT ASSETS (LIABILITIES) (138,353 ) (70,528 )
TOTAL ASSETS LESS CURRENT LIABILITIES 869,587 875,248
Creditors: Amounts Falling Due After More Than One Year 8 (408,886 ) (389,771 )
NET ASSETS 460,701 485,477
CAPITAL AND RESERVES
Called up share capital 10 3 3
Revaluation reserve 11 (338,600 ) (338,600 )
Profit and Loss Account 799,298 824,074
SHAREHOLDERS' FUNDS 460,701 485,477
Page 1
Page 2
For the year ending 31 January 2026 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
Paul Harper
Director
31/03/2026
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
THISTLE INVESTMENTS (NORTHERN) LIMITED is a private company, limited by shares, incorporated in Scotland, registered number SC294158 . The registered office is 17 North Anderson Drive, Aberdeen, AB15 6DZ.
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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2025: NIL)
- -
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 February 2025 65,776
Additions 81,278
As at 31 January 2026 147,054
Depreciation
As at 1 February 2025 -
Provided during the period 19,114
As at 31 January 2026 19,114
Net Book Value
As at 31 January 2026 127,940
As at 1 February 2025 65,776
5. Investment Property
2026
£
Fair Value
As at 1 February 2025 and 31 January 2026 880,000
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6. Debtors
2026 2025
£ £
Due within one year
Trade debtors (1,293 ) 1,101
Other debtors 80,436 121,831
79,143 122,932
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 12,733 5,455
Trade creditors 25,597 2,723
Bank loans and overdrafts 3,980 7,866
Other creditors 182,599 189,399
224,909 205,443
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 79,836 56,177
Bank loans 329,050 333,594
408,886 389,771
9. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,733 5,455
Later than one year and not later than five years 79,836 56,177
92,569 61,632
92,569 61,632
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 3 3
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11. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 February 2025 (338,600 ) 824,074
Loss for the year and total comprehensive income - (24,776 )
As at 31 January 2026 (338,600 ) 799,298
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