Acorah Software Products - Accounts Production 15.0.600 false true 19 February 2024 31 October 2023 false 20 February 2024 30 June 2024 30 June 2024 SC787756 Mr Kieran Parker Ms Arabella Page Croft iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC787756 2024-02-19 SC787756 2024-06-30 SC787756 2024-02-20 2024-06-30 SC787756 frs-core:CurrentFinancialInstruments 2024-06-30 SC787756 frs-core:Non-currentFinancialInstruments 2024-06-30 SC787756 frs-core:ShareCapital 2024-06-30 SC787756 frs-bus:PrivateLimitedCompanyLtd 2024-02-20 2024-06-30 SC787756 frs-bus:FilletedAccounts 2024-02-20 2024-06-30 SC787756 frs-bus:SmallEntities 2024-02-20 2024-06-30 SC787756 frs-bus:AuditExempt-NoAccountantsReport 2024-02-20 2024-06-30 SC787756 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-20 2024-06-30 SC787756 frs-bus:Director1 2024-02-20 2024-06-30 SC787756 frs-bus:Director2 2024-02-20 2024-06-30 SC787756 frs-countries:Scotland 2024-02-20 2024-06-30 SC787756 2023-10-30 SC787756 2024-02-19 SC787756 2023-10-31 2024-02-19 SC787756 frs-core:CurrentFinancialInstruments 2024-02-19 SC787756 frs-core:Non-currentFinancialInstruments 2024-02-19 SC787756 frs-core:ShareCapital 2024-02-19
Registered number: SC787756
The Island SPV Ltd
Unaudited Financial Statements
For the Period 20 February 2024 to 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC787756
30 June 2024 19 February 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 3,662,554 2
Cash at bank and in hand 177,961 -
3,840,515 2
Creditors: Amounts Falling Due Within One Year 5 (1,054,490 ) -
NET CURRENT ASSETS (LIABILITIES) 2,786,025 2
TOTAL ASSETS LESS CURRENT LIABILITIES 2,786,025 2
Creditors: Amounts Falling Due After More Than One Year 6 (2,786,023 ) -
NET ASSETS 2 2
CAPITAL AND RESERVES
Called up share capital 7 2 2
SHAREHOLDERS' FUNDS 2 2
Page 1
Page 2
For the period ending 30 June 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 Kieran Parker
Director
15 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Island SPV Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC787756 . The registered office is 55a Partickhill Road, Glasgow, G11 5AB.
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 relates to the production of a TV programme. It represents the value of work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT. 
The value of work done in relation to long-term contracts and continuing services is determined by reference to the stage of completion of the relevant 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. Taxation
The tax currently payable is based on taxable profit for the year. The amount of tax reported includes corporation tax charged on the Audio Visual Expenditure Credit which in included in sales. A deferred tax asset has not been recognised in relation to the losses available as the company cannot be certain that this asset will be used in the future.
3. Average Number of Employees
During the shoot weeks, the average number of employees, including directors was: 89 (2024: NIL)
89 -
4. Debtors
30 June 2024 19 February 2024
£ £
Due within one year
Amounts recoverable on contracts 2,400 -
Prepayments and accrued income 2,835,015 -
Corporation tax recoverable assets 714,244 -
VAT 110,895 -
Directors' loan accounts - 2
3,662,554 2
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
30 June 2024 19 February 2024
£ £
Trade creditors 82,745 -
Bank loans and overdrafts 607,466 -
Other loans 162,498 -
Other creditors 153,790 -
Taxation and social security 47,991 -
1,054,490 -
6. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 19 February 2024
£ £
Other loans 2,786,023 -
7. Share Capital
30 June 2024 19 February 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4