Acorah Software Products - Accounts Production 15.0.600 false true true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 08738874 P Read true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08738874 2022-09-30 08738874 2023-09-30 08738874 2022-10-01 2023-09-30 08738874 frs-core:CurrentFinancialInstruments 2023-09-30 08738874 frs-core:Non-currentFinancialInstruments 2023-09-30 08738874 frs-core:ComputerEquipment 2023-09-30 08738874 frs-core:ComputerEquipment 2022-10-01 2023-09-30 08738874 frs-core:ComputerEquipment 2022-09-30 08738874 frs-core:ShareCapital 2023-09-30 08738874 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 08738874 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08738874 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 08738874 frs-bus:SmallEntities 2022-10-01 2023-09-30 08738874 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 08738874 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 08738874 frs-bus:OrdinaryShareClass1 2022-10-01 2023-09-30 08738874 frs-bus:OrdinaryShareClass1 2023-09-30 08738874 1 2022-10-01 2023-09-30 08738874 frs-bus:Director1 2022-10-01 2023-09-30 08738874 frs-countries:EnglandWales 2022-10-01 2023-09-30 08738874 2021-09-30 08738874 2022-09-30 08738874 2021-10-01 2022-09-30 08738874 frs-core:CurrentFinancialInstruments 2022-09-30 08738874 frs-core:Non-currentFinancialInstruments 2022-09-30 08738874 frs-core:ShareCapital 2022-09-30 08738874 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30 08738874 frs-bus:OrdinaryShareClass1 2021-10-01 2022-09-30
Registered number: 08738874
Global Growth Markets Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08738874
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 19,564 21,538
19,564 21,538
Creditors: Amounts Falling Due Within One Year 5 (19,761 ) (20,148 )
NET CURRENT ASSETS (LIABILITIES) (197 ) 1,390
TOTAL ASSETS LESS CURRENT LIABILITIES (197 ) 1,390
Creditors: Amounts Falling Due After More Than One Year 6 (50,782 ) (50,781 )
NET LIABILITIES (50,979 ) (49,391 )
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account (51,979 ) (50,391 )
SHAREHOLDERS' FUNDS (50,979) (49,391)
For the year ending 30 September 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 his 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
P Read
Director
27/08/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Global Growth Markets Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08738874 . The registered office is 17 Berkeley Square, Bristol, BS8 1HB.

Its principal activity remains to be that of strategic research and advisory regarding international markets.
1.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis following confirmation of continued support from the parent company.
1.3. 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:
Computer Equipment 3 year straight line
1.4. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
1.5. 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. Average Number of Employees
Average number of employees, including directors, during the year were as follows: NIL (2022: NIL)
- -
3. Tangible Assets
Computer Equipment
£
Cost
As at 1 October 2022 3,897
As at 30 September 2023 3,897
Depreciation
As at 1 October 2022 3,897
As at 30 September 2023 3,897
...CONTINUED
Page 2
Page 3
Net Book Value
As at 30 September 2023 -
As at 1 October 2022 -
4. Debtors
2023 2022
£ £
Due within one year
Other debtors 4,283 6,257
Amounts owed by group undertakings 15,281 15,281
19,564 21,538
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 15,021 14,990
Other taxes and social security 3,393 3,718
Accruals and deferred income 840 1,440
Director's loan account 507 -
19,761 20,148
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 50,782 50,781
7. Share Capital
2023 2022
Allotted, called up and fully paid £ £
1,000 Ordinary Shares of £ 1.000 each 1,000 1,000
8. Related Party Transactions
At the year end the director owed £507 to the company (2021:£76,869).
9. Ultimate Controlling Party
The parent company is GGM Pte. Ltd., a company registered in Singapore. Its registered office is 30 Cecil Street, 19-08 Prudential Tower, Singapore, 049712.
Page 3