Acorah Software Products - Accounts Production 14.5.601 false true 30 April 2022 1 May 2021 false 1 May 2022 30 April 2023 30 April 2023 09010297 Mr Alberto Brunelli Mrs Vania Casini Mrs Chiara Mensi Mr Donato Parete true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09010297 2022-04-30 09010297 2023-04-30 09010297 2022-05-01 2023-04-30 09010297 frs-core:CurrentFinancialInstruments 2023-04-30 09010297 frs-core:ShareCapital 2023-04-30 09010297 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 09010297 frs-bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 09010297 frs-bus:FilletedAccounts 2022-05-01 2023-04-30 09010297 frs-bus:SmallEntities 2022-05-01 2023-04-30 09010297 frs-bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 09010297 frs-bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 09010297 frs-bus:OrdinaryShareClass1 2022-05-01 2023-04-30 09010297 frs-bus:OrdinaryShareClass1 2023-04-30 09010297 1 2022-05-01 2023-04-30 09010297 frs-core:UnlistedNon-exchangeTraded 2023-04-30 09010297 frs-core:UnlistedNon-exchangeTraded 2022-04-30 09010297 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-04-30 09010297 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-04-30 09010297 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-04-30 09010297 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-04-30 09010297 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-04-30 09010297 frs-bus:Director1 2022-05-01 2023-04-30 09010297 frs-bus:Director2 2022-05-01 2023-04-30 09010297 frs-bus:Director3 2022-05-01 2023-04-30 09010297 frs-countries:EnglandWales 2022-05-01 2023-04-30 09010297 2021-04-30 09010297 2022-04-30 09010297 2021-05-01 2022-04-30 09010297 frs-core:CurrentFinancialInstruments 2022-04-30 09010297 frs-core:ShareCapital 2022-04-30 09010297 frs-core:RetainedEarningsAccumulatedLosses 2022-04-30 09010297 frs-bus:OrdinaryShareClass1 2021-05-01 2022-04-30
Registered number: 09010297
Ochre River Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2023
Adbell Advisory Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09010297
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 100 -
100 -
CURRENT ASSETS
Debtors 5 170,747 13,883
Cash at bank and in hand - 219,045
170,747 232,928
Creditors: Amounts Falling Due Within One Year 6 (2,565 ) (70,465 )
NET CURRENT ASSETS (LIABILITIES) 168,182 162,463
TOTAL ASSETS LESS CURRENT LIABILITIES 168,282 162,463
NET ASSETS 168,282 162,463
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 168,182 162,363
SHAREHOLDERS' FUNDS 168,282 162,463
Page 1
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For the year ending 30 April 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
Mrs Vania Casini
Director
15/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ochre River Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09010297 . The registered office is Birchin Court , 20 Birchin Lane , EC3V 9DJ.
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.
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. 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.
2.4. 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 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.
2.5. Partnership agreement
As from 1 May 2022, the company is operating through a partnership.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
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4. Investments
Unlisted
£
Cost
As at 1 May 2022 -
Additions 100
As at 30 April 2023 100
Provision
As at 1 May 2022 -
As at 30 April 2023 -
Net Book Value
As at 30 April 2023 100
As at 1 May 2022 -
The company has a 10% interest in a partnership, which trades outside the United Kingdom. The share of profit
in the partnership for the year amounts to £ 8,384 (2022:  nil). The share of net assets in the
partnership amounts to £ 170,747 (2022 : nil).
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 11,154
Prepayments and accrued income - 2,581
Other debtors - 48
Called up share capital not paid 100 100
Amounts owed by other participating interests 170,647 -
170,747 13,883
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 1
Bank loans and overdrafts - 30,793
Corporation tax 1,365 7,837
VAT - 8,427
Net wages - 977
Other creditors - 216
Accruals and deferred income 1,200 22,214
2,565 70,465
7. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
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8. Ultimate Controlling Party
The company's ultimate controlling party is Mr Donato Parete by virtue of his ownership of 100% of the issued share capital in the company.
Page 5