Acorah Software Products - Accounts Production 15.0.400 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12972648 Mr Stuart Godfree Miss Christine Scotson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12972648 2022-10-31 12972648 2023-10-31 12972648 2022-11-01 2023-10-31 12972648 frs-core:CurrentFinancialInstruments 2023-10-31 12972648 frs-core:Non-currentFinancialInstruments 2023-10-31 12972648 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 12972648 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12972648 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-31 12972648 frs-core:PlantMachinery 2023-10-31 12972648 frs-core:PlantMachinery 2022-11-01 2023-10-31 12972648 frs-core:PlantMachinery 2022-10-31 12972648 frs-core:ShareCapital 2023-10-31 12972648 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12972648 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12972648 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12972648 frs-bus:SmallEntities 2022-11-01 2023-10-31 12972648 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12972648 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12972648 frs-bus:Director1 2022-11-01 2023-10-31 12972648 frs-bus:Director2 2022-11-01 2023-10-31 12972648 frs-countries:EnglandWales 2022-11-01 2023-10-31 12972648 2021-10-31 12972648 2022-10-31 12972648 2021-11-01 2022-10-31 12972648 frs-core:CurrentFinancialInstruments 2022-10-31 12972648 frs-core:Non-currentFinancialInstruments 2022-10-31 12972648 frs-core:ShareCapital 2022-10-31 12972648 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 12972648
OV20 Limited
Financial Statements
For The Year Ended 31 October 2023
Philip Friede & Co
5th Floor
30-31 Furnival Street
London
EC4A 1JQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12972648
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,594,924 2,222,978
1,594,924 2,222,978
CURRENT ASSETS
Debtors 5 103,594 106,902
Cash at bank and in hand 3,137 4,864
106,731 111,766
Creditors: Amounts Falling Due Within One Year 6 (2,566,167 ) (2,444,700 )
NET CURRENT ASSETS (LIABILITIES) (2,459,436 ) (2,332,934 )
TOTAL ASSETS LESS CURRENT LIABILITIES (864,512 ) (109,956 )
NET LIABILITIES (864,512 ) (109,956 )
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account (865,512 ) (110,956 )
SHAREHOLDERS' FUNDS (864,512) (109,956)
Page 1
Page 2
For the year ending 31 October 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 Stuart Godfree
Director
24 July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
OV20 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12972648 . The registered office is 80 Cheapside, London, EC2V 6EE.
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. Going Concern Disclosure
As at the Balance Sheet date the company has net current liabilities of £2,459,436 (2022 £2,332,934) and net current liabilities of £864,512 (2022 £109,956). The directors, who are the company's main source of business finance, are of the opinion that the accounts should be prepared on a going concern basis as  they have agreed to continue to support the company for the next twelve months following the accounts approval date. 
2.3. Turnover
The company received no business income in the year.
2.4. 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:
Freehold 2% straight line on buildings only
Plant & Machinery Straight Line - 8 Years
3. Average Number of Employees
Average number of employees, including directors, during the period was 2 (2022: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost or Valuation
As at 1 November 2022 1,807,355 458,873 2,266,228
Additions 44,003 9,055 53,058
Revaluation (601,358) - (601,358 )
As at 31 October 2023 1,250,000 467,928 1,717,928
Depreciation
As at 1 November 2022 - 43,250 43,250
Provided during the period 21,662 58,092 79,754
As at 31 October 2023 21,662 101,342 123,004
Net Book Value
As at 31 October 2023 1,228,338 366,586 1,594,924
As at 1 November 2022 1,807,355 415,623 2,222,978
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 1,115 642
VAT 2,479 6,260
3,594 6,902
Due after more than one year
Other debtors 100,000 100,000
103,594 106,902
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,284 786
Other creditors 160 -
Accruals and deferred income 2,951 3,222
Directors' loan accounts 2,561,772 2,440,692
2,566,167 2,444,700
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4