Acorah Software Products - Accounts Production 15.0.500 false true 28 November 2022 30 November 2021 false 29 November 2022 28 November 2023 28 November 2023 11694705 Mr Abid Karim iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11694705 2022-11-28 11694705 2023-11-28 11694705 2022-11-29 2023-11-28 11694705 frs-core:CurrentFinancialInstruments 2023-11-28 11694705 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-11-29 2023-11-28 11694705 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-28 11694705 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-29 2023-11-28 11694705 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-28 11694705 frs-core:OtherResidualIntangibleAssets 2023-11-28 11694705 frs-core:OtherResidualIntangibleAssets 2022-11-29 2023-11-28 11694705 frs-core:OtherResidualIntangibleAssets 2022-11-28 11694705 frs-core:SharePremium 2023-11-28 11694705 frs-core:ShareCapital 2023-11-28 11694705 frs-core:RetainedEarningsAccumulatedLosses 2023-11-28 11694705 frs-bus:PrivateLimitedCompanyLtd 2022-11-29 2023-11-28 11694705 frs-bus:FilletedAccounts 2022-11-29 2023-11-28 11694705 frs-bus:SmallEntities 2022-11-29 2023-11-28 11694705 frs-bus:AuditExempt-NoAccountantsReport 2022-11-29 2023-11-28 11694705 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-29 2023-11-28 11694705 frs-bus:Director1 2022-11-29 2023-11-28 11694705 frs-countries:EnglandWales 2022-11-29 2023-11-28 11694705 2021-11-29 11694705 2022-11-28 11694705 2021-11-30 2022-11-28 11694705 frs-core:CurrentFinancialInstruments 2022-11-28 11694705 frs-core:SharePremium 2022-11-28 11694705 frs-core:ShareCapital 2022-11-28 11694705 frs-core:RetainedEarningsAccumulatedLosses 2022-11-28
Registered number: 11694705
SPVY00010 LIMITED
Unaudited Financial Statements
For The Year Ended 28 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11694705
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 219 292
Tangible Assets 5 103,743 103,743
103,962 104,035
CURRENT ASSETS
Debtors 6 649 639
Cash at bank and in hand 5,409 3,118
6,058 3,757
Creditors: Amounts Falling Due Within One Year 7 (2,232 ) (2,241 )
NET CURRENT ASSETS (LIABILITIES) 3,826 1,516
TOTAL ASSETS LESS CURRENT LIABILITIES 107,788 105,551
NET ASSETS 107,788 105,551
CAPITAL AND RESERVES
Called up share capital 8 99,997 99,997
Share premium account 7,000 7,000
Profit and Loss Account 791 (1,446 )
SHAREHOLDERS' FUNDS 107,788 105,551
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For the year ending 28 November 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 Abid Karim
Director
30th July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
SPVY00010 LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11694705 . The registered office is 82 High Street, Golborne, WA3 3DA.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Licence Fees. It is amortised to profit and loss account over its estimated economic life of 5 years.
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 No depreciation
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
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4. Intangible Assets
Other
£
Cost
As at 29 November 2022 365
As at 28 November 2023 365
Amortisation
As at 29 November 2022 73
Provided during the period 73
As at 28 November 2023 146
Net Book Value
As at 28 November 2023 219
As at 29 November 2022 292
5. Tangible Assets
Land & Property
Freehold
£
Cost
As at 29 November 2022 103,743
As at 28 November 2023 103,743
Net Book Value
As at 28 November 2023 103,743
As at 29 November 2022 103,743
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 154 144
Other debtors 495 495
649 639
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 1,177 1,415
Accruals and deferred income 529 313
Amounts owed to related parties 526 513
2,232 2,241
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 99,997 99,997
9. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid - 91
10. Related Party Transactions
The director Abid Karim is also a director of Yielders Limited, incorporated in England and Wales registration number 09757611. During the year SPVY00010 Limited paid managment fees to Yielders Limited of £470. 
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