Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 10800633 Mr Timothy Farnell Timothy Farnell true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10800633 2022-10-31 10800633 2023-10-31 10800633 2022-11-01 2023-10-31 10800633 frs-core:CurrentFinancialInstruments 2023-10-31 10800633 frs-core:Non-currentFinancialInstruments 2023-10-31 10800633 frs-core:OtherReservesSubtotal 2023-10-31 10800633 frs-core:SharePremium 2023-10-31 10800633 frs-core:ShareCapital 2023-10-31 10800633 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 10800633 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10800633 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 10800633 frs-bus:SmallEntities 2022-11-01 2023-10-31 10800633 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10800633 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 10800633 1 2022-11-01 2023-10-31 10800633 frs-core:UnlistedNon-exchangeTraded 2023-10-31 10800633 frs-core:UnlistedNon-exchangeTraded 2022-10-31 10800633 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-10-31 10800633 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-10-31 10800633 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-10-31 10800633 frs-core:ImpairmentLossProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 10800633 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 10800633 frs-bus:Director1 2022-11-01 2023-10-31 10800633 1 2022-11-01 2023-10-31 10800633 frs-core:CurrentFinancialInstruments 1 2023-10-31 10800633 frs-core:Non-currentFinancialInstruments 1 2023-10-31 10800633 frs-countries:EnglandWales 2022-11-01 2023-10-31 10800633 2021-10-31 10800633 2022-10-31 10800633 2021-11-01 2022-10-31 10800633 frs-core:CurrentFinancialInstruments 2022-10-31 10800633 frs-core:Non-currentFinancialInstruments 2022-10-31 10800633 frs-core:OtherReservesSubtotal 2022-10-31 10800633 frs-core:SharePremium 2022-10-31 10800633 frs-core:ShareCapital 2022-10-31 10800633 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 10800633 1 2021-11-01 2022-10-31 10800633 frs-core:CurrentFinancialInstruments 1 2022-10-31 10800633 frs-core:Non-currentFinancialInstruments 1 2022-10-31
Registered number: 10800633
Hyphen Capital Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
CBS (Accounting) Ltd
Oak Business Centre
79-93 Ratcliffe Road
Sileby
Loughborough
LE12 7PU
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10800633
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 1,230,988 2,794,855
1,230,988 2,794,855
CURRENT ASSETS
Debtors 5 1 1
Cash at bank and in hand 4,870 78
4,871 79
Creditors: Amounts Falling Due Within One Year 6 (569,132 ) (1,120,187 )
NET CURRENT ASSETS (LIABILITIES) (564,261 ) (1,120,108 )
TOTAL ASSETS LESS CURRENT LIABILITIES 666,727 1,674,747
Creditors: Amounts Falling Due After More Than One Year 7 (739,958 ) (1,238,950 )
NET (LIABILITIES)/ASSETS (73,231 ) 435,797
CAPITAL AND RESERVES
Called up share capital 8 1,001 1,001
Share premium account 559,000 559,000
Other reserves 1,595,638 400,490
Profit and Loss Account (2,228,870 ) (524,694 )
SHAREHOLDERS' FUNDS (73,231) 435,797
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 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
Mr Timothy Farnell
Director
07/03/2024
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
Hyphen Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10800633 . The registered office is Unit 4, Fernleigh Business Park, , Blaby Road, Enderby, Leicester, Leicestershire, LE19 4AQ.

Under FRS102 investments in shares should be revalued at a fair value where possible, since there is no reliable valuation method or comparison found, the value has been confirmed by the director.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Directors 1 1
1 1
4. Investments
Unlisted
£
Cost
As at 1 November 2022 2,794,855
As at 31 October 2023 2,794,855
Provision
As at 1 November 2022 -
Impairment losses 1,563,867
As at 31 October 2023 1,563,867
Net Book Value
As at 31 October 2023 1,230,988
As at 1 November 2022 2,794,855
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due after more than one year
Other taxes and social security 1 1
1 1
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 395 396
Other creditors 561,634 157,422
Loan interest accrual (Current liabilities - creditors < 1 year) 6,987 26,617
Accruals and deferred income 116 132
Amounts owed to subsidiaries - 935,620
569,132 1,120,187
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 199,958 1,238,950
Vendor Loan note (Long term liabilities - creditors > 1 year) 540,000 -
739,958 1,238,950
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,001 1,001
9. Ultimate Controlling Party
The company's ultimate controlling party is Timothy Farnell by virtue of his ownership of more than 25% but not more than 50% of the issued share capital in the company.
Page 4