Acorah Software Products - Accounts Production 15.0.500 false true true 31 March 2023 28 January 2022 false 1 April 2023 31 March 2024 31 March 2024 13879286 Mr Manish Yadav Mrs Poonam Yadav iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13879286 2023-03-31 13879286 2024-03-31 13879286 2023-04-01 2024-03-31 13879286 frs-core:CurrentFinancialInstruments 2024-03-31 13879286 frs-core:Non-currentFinancialInstruments 2024-03-31 13879286 frs-core:ComputerEquipment 2024-03-31 13879286 frs-core:ComputerEquipment 2023-04-01 2024-03-31 13879286 frs-core:ComputerEquipment 2023-03-31 13879286 frs-core:FurnitureFittings 2024-03-31 13879286 frs-core:FurnitureFittings 2023-04-01 2024-03-31 13879286 frs-core:FurnitureFittings 2023-03-31 13879286 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 13879286 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 13879286 frs-core:OtherReservesSubtotal 2024-03-31 13879286 frs-core:ShareCapital 2024-03-31 13879286 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13879286 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13879286 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13879286 frs-bus:SmallEntities 2023-04-01 2024-03-31 13879286 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13879286 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13879286 frs-bus:Director1 2023-04-01 2024-03-31 13879286 frs-bus:Director2 2023-04-01 2024-03-31 13879286 frs-countries:EnglandWales 2023-04-01 2024-03-31 13879286 2022-01-27 13879286 2023-03-31 13879286 2022-01-28 2023-03-31 13879286 frs-core:CurrentFinancialInstruments 2023-03-31 13879286 frs-core:Non-currentFinancialInstruments 2023-03-31 13879286 frs-core:OtherReservesSubtotal 2023-03-31 13879286 frs-core:ShareCapital 2023-03-31 13879286 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13879286
Golden Trident Investco Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13879286
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 597,495 563,000
597,495 563,000
CURRENT ASSETS
Debtors 4 100 100
Cash at bank and in hand 6,504 21,351
6,604 21,451
Creditors: Amounts Falling Due Within One Year 5 (203,718 ) (239,759 )
NET CURRENT ASSETS (LIABILITIES) (197,114 ) (218,308 )
TOTAL ASSETS LESS CURRENT LIABILITIES 400,381 344,692
Creditors: Amounts Falling Due After More Than One Year 6 (493,438 ) (464,371 )
NET LIABILITIES (93,057 ) (119,679 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Other reserves 23,778 11,889
Profit and Loss Account (116,935 ) (131,668 )
SHAREHOLDERS' FUNDS (93,057) (119,679)
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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
Mr Manish Yadav
Director
18/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director's who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
1.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
1.4. 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:
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
1.5. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
Changes in fair value are recognised in the profit and loss account.
1.6. Related Party Transactions
Loans received from connected parties are recognised in the financial statements at the discounted present value using the effective interest rate method.
1.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
3. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 April 2023 563,000 - - 563,000
Additions - 8,246 413 8,659
Revaluation 28,000 - - 28,000
As at 31 March 2024 591,000 8,246 413 599,659
...CONTINUED
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Depreciation
As at 1 April 2023 - - - -
Provided during the period - 2,061 103 2,164
As at 31 March 2024 - 2,061 103 2,164
Net Book Value
As at 31 March 2024 591,000 6,185 310 597,495
As at 1 April 2023 563,000 - - 563,000
4. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Other debtors 100 100
100 100
5. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Accruals and deferred income 2,206 -
Directors' loan accounts 201,512 239,759
203,718 239,759
6. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Bank loans 436,091 436,091
Amounts owed to parent undertaking 57,347 28,280
493,438 464,371
7. Secured Creditors
Of the creditors falling due within and after more than one year the following amount is secured by a fixed charge over the investment property. The mortgage is on an interest only basis over a term of 25 years.
31 March 2024 31 March 2023
£ £
Bank loans and overdrafts 436,091 436,091
8. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
At 31st March 2024 Golden Trident Investco Ltd owed £79,689 (2023 - £40,000) to Golden Trident Holdings Ltd, a company in which Mr Manish Yadav and Mrs Poonam Yadav are directors and shareholders. The loan is interest free and repayable in 2033.
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10. General Information
Golden Trident Investco Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13879286 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
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