Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 12013641 A Agopyan A Beklen N Numanbayraktaroglu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12013641 2022-12-31 12013641 2023-12-31 12013641 2023-01-01 2023-12-31 12013641 frs-core:CurrentFinancialInstruments 2023-12-31 12013641 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 12013641 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 12013641 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 12013641 frs-core:FurnitureFittings 2023-12-31 12013641 frs-core:FurnitureFittings 2023-01-01 2023-12-31 12013641 frs-core:FurnitureFittings 2022-12-31 12013641 frs-core:OtherResidualIntangibleAssets 2023-12-31 12013641 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 12013641 frs-core:OtherResidualIntangibleAssets 2022-12-31 12013641 frs-core:SharePremium 2023-12-31 12013641 frs-core:ShareCapital 2023-12-31 12013641 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12013641 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12013641 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12013641 frs-bus:SmallEntities 2023-01-01 2023-12-31 12013641 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12013641 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12013641 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 12013641 frs-bus:OrdinaryShareClass1 2023-12-31 12013641 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 12013641 frs-bus:OrdinaryShareClass2 2023-12-31 12013641 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 12013641 frs-bus:OrdinaryShareClass3 2023-12-31 12013641 frs-bus:OrdinaryShareClass4 2023-01-01 2023-12-31 12013641 frs-bus:OrdinaryShareClass4 2023-12-31 12013641 frs-bus:OrdinaryShareClass5 2023-01-01 2023-12-31 12013641 frs-bus:OrdinaryShareClass5 2023-12-31 12013641 frs-core:ListedExchangeTraded 2023-12-31 12013641 frs-core:ListedExchangeTraded 2022-12-31 12013641 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-12-31 12013641 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 12013641 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-12-31 12013641 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 12013641 frs-bus:Director1 2023-01-01 2023-12-31 12013641 frs-bus:Director2 2023-01-01 2023-12-31 12013641 frs-bus:Director3 2023-01-01 2023-12-31 12013641 frs-core:CurrentFinancialInstruments 1 2023-12-31 12013641 frs-core:CurrentFinancialInstruments 4 2023-12-31 12013641 frs-countries:EnglandWales 2023-01-01 2023-12-31 12013641 2021-12-31 12013641 2022-12-31 12013641 2022-01-01 2022-12-31 12013641 frs-core:CurrentFinancialInstruments 2022-12-31 12013641 frs-core:SharePremium 2022-12-31 12013641 frs-core:ShareCapital 2022-12-31 12013641 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 12013641 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31 12013641 frs-bus:OrdinaryShareClass2 2022-01-01 2022-12-31 12013641 frs-bus:OrdinaryShareClass3 2022-01-01 2022-12-31 12013641 frs-bus:OrdinaryShareClass4 2022-01-01 2022-12-31 12013641 frs-bus:OrdinaryShareClass5 2022-01-01 2022-12-31 12013641 frs-core:CurrentFinancialInstruments 1 2022-12-31 12013641 frs-core:CurrentFinancialInstruments 2 2022-12-31 12013641 frs-core:CurrentFinancialInstruments 4 2022-12-31
Registered number: 12013641
Saas Hospitality Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
EEE Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12013641
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 306,317 212,862
Tangible Assets 5 3,024 3,661
Investments 6 278,134 278,134
587,475 494,657
CURRENT ASSETS
Debtors 7 480,612 538,299
Cash at bank and in hand 3,065,596 1,416,364
3,546,208 1,954,663
Creditors: Amounts Falling Due Within One Year 8 (680,135 ) (460,210 )
NET CURRENT ASSETS (LIABILITIES) 2,866,073 1,494,453
TOTAL ASSETS LESS CURRENT LIABILITIES 3,453,548 1,989,110
NET ASSETS 3,453,548 1,989,110
CAPITAL AND RESERVES
Called up share capital 9 6,787 6,367
Share premium account 6,067,614 3,286,017
Profit and Loss Account (2,620,853 ) (1,303,274 )
SHAREHOLDERS' FUNDS 3,453,548 1,989,110
Page 1
Page 2
For the year 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
A Agopyan
Director
15/08/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Saas Hospitality Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12013641 . The registered office is C/O Fieldfisher Riverbank House, 2 Swan Lane, London, EC4R 3TT.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over
their useful life as follows:
  • Trademarks                                    10%Straight line
  • Software platform                           20%Straight line
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:
Fixtures & Fittings 33% Straight line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 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.
...CONTINUED
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2.6. Taxation - continued
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.
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.
2.7. Group Accounts not prepared
The company is part of a small group. The company has taken advantage of exemption provided by section 398 of the Companies Act 2006 and has not prepared group accounts. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 4)
3 4
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 January 2023 8,398 422,235 430,633
Additions 198,602 - 198,602
As at 31 December 2023 207,000 422,235 629,235
Amortisation
As at 1 January 2023 2,196 215,575 217,771
Provided during the period 20,700 84,447 105,147
As at 31 December 2023 22,896 300,022 322,918
Net Book Value
As at 31 December 2023 184,104 122,213 306,317
As at 1 January 2023 6,202 206,660 212,862
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 5,826
Additions 1,166
As at 31 December 2023 6,992
Depreciation
As at 1 January 2023 2,165
Provided during the period 1,803
As at 31 December 2023 3,968
Net Book Value
As at 31 December 2023 3,024
As at 1 January 2023 3,661
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6. Investments
Listed
£
Cost
As at 1 January 2023 278,134
As at 31 December 2023 278,134
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 278,134
As at 1 January 2023 278,134
Subsidiary undertakings
HotelRunner, Inc 
Registered office :    2810 NChurch St Suite 70304, Delaware
Shares Held:            100%
The principal activity of HotelRunner, Inc is that of a company focused on the sales and distribution of the group's services.
HotelRunner Teknoloji A.S. 
Registered office :    Zafer SB Mah. Nilufer Sk. No:29/9 Gaziemir, 35410 Izmir Turkey 
Shares Held:            100% 
The principal activity of HotelRunner Teknoloji A.S. is that of a company which is focused on the R&D of the group.
HotelRunner Bilgi Teknolojileri Ticaret A.S.
Registered office :    Maltepe Ofispark Altayçeşme USA Mah. Çamlı Sk. No: 21 Kat:634843 Maltepe Istanbul Turkey 
Shares Held:           100%
The principal activity of HotelRunner Bilgi Teknolojileri Ticaret A.S. is that of a company focused on the sales and distribution of the group's services.
HotelRunner DMCC
Registered office :    Unit No: AG-13-H-F159, AG Tower, Plot No: JLT-PH1-I1A, Jumeirah Lakes Towers, Dubai, United Arab Emirates
Shares Held:           100%
The principal activity of HotelRunner DMCC is that of a company focused on the sales and distribution of the group's services.
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,623,963 185,941
Prepayments and accrued income (1,177,570 ) -
Accrued Interest Receivable - 4,038
Rent Deposit 10,560 10,560
Corporation tax recoverable assets - 319,796
VAT 23,659 17,964
480,612 538,299
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 620,728 405,583
Other taxes and social security 8,699 8,391
Net wages 15,000 13,992
Pensions Payable 370 264
Accruals and deferred income 35,338 31,980
680,135 460,210
9. Share Capital
2023 2022
Allotted, called up and fully paid £ £
215,868 Ordinary Shares of £ 0.005 each 1,080 660
539,678 Ordinary A shares of £ 0.005 each 2,699 2,699
88,661 Ordinary B shares of £ 0.005 each 443 443
371,661 Ordinary C shares of £ 0.005 each 1,858 1,858
141,485 Ordinary D shares of £ 0.005 each 707 707
6,787 6,367
Shares issued during the period: £
83,985 Ordinary Shares of £ 0.005 each 420
10. Post Balance Sheet Events
HotelRunner DMCC, a new subsidiary of the group with Licence Number DMCC-925577/DMCC-925578 and Registration Number DMCC199345 has been incorporated in Dubai, United Arab Emirates on 23.04.2024, focused on the sales and distribution of the group's services. 
11. Related Party Transactions
The company has taken advantage of the exemption in Section 33.1 A of FRS102 "Related Party Transaction” from disclosing transactions with other members of the group.
There are no controlling party
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