Acorah Software Products - Accounts Production 14.5.501 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11017041 Mr Sergey Grachev Mr Christopher Thorne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11017041 2022-12-31 11017041 2023-12-31 11017041 2023-01-01 2023-12-31 11017041 frs-core:CurrentFinancialInstruments 2023-12-31 11017041 frs-core:PlantMachinery 2023-12-31 11017041 frs-core:PlantMachinery 2023-01-01 2023-12-31 11017041 frs-core:PlantMachinery 2022-12-31 11017041 frs-core:ShareCapital 2023-12-31 11017041 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11017041 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11017041 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11017041 frs-bus:SmallEntities 2023-01-01 2023-12-31 11017041 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11017041 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11017041 frs-bus:Director1 2023-01-01 2023-12-31 11017041 frs-bus:Director2 2023-01-01 2023-12-31 11017041 frs-countries:EnglandWales 2023-01-01 2023-12-31 11017041 2021-12-31 11017041 2022-12-31 11017041 2022-01-01 2022-12-31 11017041 frs-core:CurrentFinancialInstruments 2022-12-31 11017041 frs-core:ShareCapital 2022-12-31 11017041 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11017041
Chicken Roundabout Finance Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11017041
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,060,459 1,376,786
1,060,459 1,376,786
CURRENT ASSETS
Debtors 5 31,394 308,674
Investments 6 1,154,817 1,068,688
Cash at bank and in hand 132,586 32,528
1,318,797 1,409,890
Creditors: Amounts Falling Due Within One Year 7 (3,780,220 ) (3,712,832 )
NET CURRENT ASSETS (LIABILITIES) (2,461,423 ) (2,302,942 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,400,964 ) (926,156 )
NET LIABILITIES (1,400,964 ) (926,156 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (1,400,965 ) (926,157 )
SHAREHOLDERS' FUNDS (1,400,964) (926,156)
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For the year ending 31 December 2023 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 Sergey Grachev
Director
27/03/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Chicken Roundabout Finance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11017041 . The registered office is Church Farm, Shipmeadow, Beccles, Suffolk, NR34 8HJ.
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:
Plant & Machinery 20% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 1,752,687
Additions 35,150
Disposals (89,000 )
As at 31 December 2023 1,698,837
Depreciation
As at 1 January 2023 375,901
Provided during the period 262,477
As at 31 December 2023 638,378
Net Book Value
As at 31 December 2023 1,060,459
As at 1 January 2023 1,376,786
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 17,689 -
Prepayments and accrued income 13,242 40,000
Other debtors - 234,320
VAT 463 34,354
31,394 308,674
6. Current Asset Investments
2023 2022
£ £
Listed investments 1,154,817 1,068,688
1,154,817 1,068,688
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 3,778,180 3,711,792
Accruals and deferred income 2,040 1,040
3,780,220 3,712,832
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
V1 International Investments LimitedIncluded in other creditors are amounts received from V1 International Investments Limited of which Sergey Gratchev is a director. At the balance sheet date the total outstanding is £2,000,976 (2022 £1,971,375). Interest is accruing at 4.5% per annum.

V1 International Investments Limited

Included in other creditors are amounts received from V1 International Investments Limited of which Sergey Gratchev is a director. At the balance sheet date the total outstanding is £2,000,976 (2022 £1,971,375). Interest is accruing at 4.5% per annum.

Cucumber Cow LimitedIncluded in other debtors are amounts issued to Cucumber Cow Limited of which Sergei Gratchev is a director. At the balance sheet date the total outstanding is £0 (2022 £234,320) and is interest free.

Cucumber Cow Limited

Included in other debtors are amounts issued to Cucumber Cow Limited of which Sergei Gratchev is a director. At the balance sheet date the total outstanding is £0 (2022 £234,320) and is interest free.

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