Acorah Software Products - Accounts Production 14.5.601 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 12334374 Ms Rebecca Marie Cole iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12334374 2022-11-30 12334374 2023-11-30 12334374 2022-12-01 2023-11-30 12334374 frs-core:CurrentFinancialInstruments 2023-11-30 12334374 frs-core:Non-currentFinancialInstruments 2023-11-30 12334374 frs-core:ShareCapital 2023-11-30 12334374 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 12334374 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12334374 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 12334374 frs-bus:SmallEntities 2022-12-01 2023-11-30 12334374 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12334374 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 12334374 frs-core:ListedExchangeTraded 2023-11-30 12334374 frs-core:ListedExchangeTraded 2022-11-30 12334374 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-11-30 12334374 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-11-30 12334374 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-11-30 12334374 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-11-30 12334374 frs-bus:Director1 2022-12-01 2023-11-30 12334374 frs-countries:EnglandWales 2022-12-01 2023-11-30 12334374 2021-11-30 12334374 2022-11-30 12334374 2021-12-01 2022-11-30 12334374 frs-core:CurrentFinancialInstruments 2022-11-30 12334374 frs-core:Non-currentFinancialInstruments 2022-11-30 12334374 frs-core:ShareCapital 2022-11-30 12334374 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 12334374
CS Holdings 2020 Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12334374
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 600,000 600,000
600,000 600,000
CURRENT ASSETS
Cash at bank and in hand 1,681 19
1,681 19
Creditors: Amounts Falling Due Within One Year 6 (119,343 ) (119,715 )
NET CURRENT ASSETS (LIABILITIES) (117,662 ) (119,696 )
TOTAL ASSETS LESS CURRENT LIABILITIES 482,338 480,304
Creditors: Amounts Falling Due After More Than One Year 7 (170,493 ) (258,572 )
NET ASSETS 311,845 221,732
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 311,745 221,632
SHAREHOLDERS' FUNDS 311,845 221,732
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For the year ending 30 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 her 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 Rebecca Marie Cole
Director
13/08/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
CS Holdings 2020 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12334374 . The registered office is 11 Third Cross Road, Twickenham, England, TW2 5DY.
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. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non convertible preference and non puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
2.3. 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.
2.4. Investment
The company acquired 49% shares in Cobalt sky ltd for £600,000 consideration of which 10% (£60,000) was paid upfront.

CS Holdings 2020 ltd issued six fixed interest rate loan notes of £90,000 each repayable over six years accruing interest at 2% PA. Loan notes to be used as the payment of Deferred Consideration for the purchase of the shares in Cobalt sky ltd.

Until the Notes are repaid in accordance with the provisions of these Instruments, interest shall accrue and be paid on the principal amount of the Notes which are outstanding.


3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
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4. Investments
Listed
£
Cost
As at 1 December 2022 600,000
As at 30 November 2023 600,000
Provision
As at 1 December 2022 -
As at 30 November 2023 -
Net Book Value
As at 30 November 2023 600,000
As at 1 December 2022 600,000
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Loan Note <year 104,307 107,030
Other creditors 15,036 11,567
Accruals and deferred income - 1,118
119,343 119,715
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Loan Notes >year 110,493 198,572
Other creditors 60,000 60,000
170,493 258,572
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 28,725 19,600
10. Related Party Transactions
The company was controlled throughout the current period by Rebecca Cole, Fiona Walmsley, Alastair Sweeney, Rishi Khanna and Neil Thompson by virtue of their ownership of the entire issued share capital.
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