Acorah Software Products - Accounts Production 15.0.600 false true true false 29 November 2022 31 December 2023 31 December 2023 14513044 Mr Benjamin Caulfield Mr Jonathan Forster iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14513044 2022-11-28 14513044 2023-12-31 14513044 2022-11-29 2023-12-31 14513044 frs-core:CurrentFinancialInstruments 2023-12-31 14513044 frs-core:ShareCapital 2023-12-31 14513044 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14513044 frs-bus:PrivateLimitedCompanyLtd 2022-11-29 2023-12-31 14513044 frs-bus:FilletedAccounts 2022-11-29 2023-12-31 14513044 frs-bus:SmallEntities 2022-11-29 2023-12-31 14513044 frs-bus:AuditExempt-NoAccountantsReport 2022-11-29 2023-12-31 14513044 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-29 2023-12-31 14513044 frs-core:UnlistedNon-exchangeTraded 2023-12-31 14513044 frs-core:UnlistedNon-exchangeTraded 2022-11-28 14513044 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-11-28 14513044 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 14513044 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 14513044 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-11-28 14513044 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 14513044 frs-bus:Director1 2022-11-29 2023-12-31 14513044 frs-bus:Director2 2022-11-29 2023-12-31 14513044 frs-countries:EnglandWales 2022-11-29 2023-12-31
Registered number: 14513044
8 Billion Learners Ltd
Unaudited Financial Statements
For the Period 29 November 2022 to 31 December 2023
Finerva
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 14513044
31 December 2023
Notes £ £
FIXED ASSETS
Investments 4 1
1
CURRENT ASSETS
Debtors 5 135,453
Cash at bank and in hand 21
135,474
Creditors: Amounts Falling Due Within One Year 6 (142,290 )
NET CURRENT ASSETS (LIABILITIES) (6,816 )
TOTAL ASSETS LESS CURRENT LIABILITIES (6,815 )
NET LIABILITIES (6,815 )
CAPITAL AND RESERVES
Called up share capital 7 9
Profit and Loss Account (6,824 )
SHAREHOLDERS' FUNDS (6,815)
For the period ending 31 December 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 Benjamin Caulfield
Director
31 July 2024
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
8 Billion Learners Ltd is a private company,  limited by shares, incorporated in England & Wales, registered number 14513044 . The registered office is 86-90 Paul Street, London, EC2A 4NE.
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
The directors believe that notwithstanding current year losses and net liabilities at 31 December 2023, the company’s financial statements should be prepared on a going concern basis. The directors have based their consideration on detailed projected cash-flow forecasts which cover a period up to 3 years from the date of the approval of these financial statements. The forecasts are based on assumptions which include future grant funding and increased subscription income, as well as commercial partnerships. The financial statements do not include any adjustments that may result from any significant changes in the assumptions used in preparing the cash-flow forecasts.
2.3. 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.
2.4. 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.
...CONTINUED
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2.4. Taxation - continued
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.
2.5. 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.
2.6. 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: NIL
-
4. Investments
Unlisted
£
Cost
As at 29 November 2022 -
Additions 1
As at 31 December 2023 1
Provision
As at 29 November 2022 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 1
As at 29 November 2022 -
5. Debtors
31 December 2023
£
Due within one year
Amounts owed by group undertakings 135,444
Other debtors 9
135,453
6. Creditors: Amounts Falling Due Within One Year
31 December 2023
£
Other loans 140,620
Amounts owed to group undertakings 50
Other creditors 1,620
142,290
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Page 4
7. Share Capital
31 December 2023
£
Allotted, Called up and fully paid 9
8. Registered charges
Fixed and floating charges over all the property or undertaking of the company were registered on 7 September 2023 in favour of an individual. 
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