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Registered number: 10793064
Aesara Partners Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Finerva
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10793064
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,863 10,159
Investments 5 45,871 -
52,734 10,159
CURRENT ASSETS
Debtors 6 992,514 795,070
Cash at bank and in hand 1,295,687 721,926
2,288,201 1,516,996
Creditors: Amounts Falling Due Within One Year 7 (1,938,297 ) (1,356,096 )
NET CURRENT ASSETS (LIABILITIES) 349,904 160,900
TOTAL ASSETS LESS CURRENT LIABILITIES 402,638 171,059
NET ASSETS 402,638 171,059
CAPITAL AND RESERVES
Called up share capital 8 111 108
Capital redemption reserve 3 -
Profit and Loss Account 402,524 170,951
SHAREHOLDERS' FUNDS 402,638 171,059
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For the year ending 31 March 2024 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
Ms Nathalie Dassas
Director
Ms Helena Montgomery
Director
9 July 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Aesara Partners Limited is a private company,  limited by shares, incorporated in England & Wales, registered number 10793064 . The registered office is Warnford Court, 29 Throgmorton Street, London, EC2N 2AT.
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 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. 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:
Fixtures & Fittings over 8 years on a straight line basis
Computer Equipment over 4 years on a straight line basis
2.4. Financial Instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.
Investments
Investments in subsidiaries are held at cost less accumulated impairment losses.
Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.
For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
2.5. 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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2.6. 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.
2.7. Related party exemption
The company has taken advantage of the exemption available under FRS 102 not to disclose related party transactions with wholly owned subsidiaries in the group.
2.8. Preparation of consolidated accounts exemption
The company is exempt under Section 399 of the Companies Act from the requirement to prepare consolidated financial statements by virtue of the fact it is subject to the small companies regime. These financial statements contain information the company as an individual undertaking and not about this group.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 10 (2023: 9)
10 9
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 5,436 15,272 20,708
Additions - 915 915
Disposals - (955 ) (955 )
As at 31 March 2024 5,436 15,232 20,668
Depreciation
As at 1 April 2023 2,342 8,207 10,549
Provided during the period 680 3,272 3,952
Disposals - (696 ) (696 )
As at 31 March 2024 3,022 10,783 13,805
Net Book Value
As at 31 March 2024 2,414 4,449 6,863
As at 1 April 2023 3,094 7,065 10,159
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5. Investments
Unlisted
£
Cost
As at 1 April 2023 -
Additions 45,871
As at 31 March 2024 45,871
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 45,871
As at 1 April 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 954,840 671,665
Other debtors 37,674 123,405
992,514 795,070
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 524,825 313,065
Bank loans and overdrafts - 8,333
Other creditors 1,133,731 862,441
Taxation and social security 279,741 172,257
1,938,297 1,356,096
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions amounted to £723 (2023: £Nil) were due to the fund and included in Other Creditors.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 111 108
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9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 76,320 16,500
Later than one year and not later than five years 19,080 -
95,400 16,500
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Ms Nathalie Dassas 35,410 - 35,410 - -
Ms Helena Montgomery 50,678 - 50,678 - -
The above loans incurred interest of 2% per annum.
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