Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 12357709 Tanimola Fafunwa Mr Eyitayo Oviosu Mr Tokunboh Ishmael Mr Folabi Esan Norose Company Secretarial Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12357709 2022-12-31 12357709 2023-12-31 12357709 2023-01-01 2023-12-31 12357709 frs-core:Non-currentFinancialInstruments 2023-12-31 12357709 frs-core:SharePremium 2023-12-31 12357709 frs-core:ShareCapital 2023-12-31 12357709 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12357709 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12357709 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12357709 frs-bus:SmallEntities 2023-01-01 2023-12-31 12357709 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12357709 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12357709 frs-bus:Director1 2023-01-01 2023-12-31 12357709 frs-bus:Director2 2023-01-01 2023-12-31 12357709 frs-bus:Director3 2023-01-01 2023-12-31 12357709 frs-bus:Director4 2023-01-01 2023-12-31 12357709 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 12357709 frs-countries:EnglandWales 2023-01-01 2023-12-31 12357709 2021-12-31 12357709 2022-12-31 12357709 2022-01-01 2022-12-31 12357709 frs-core:Non-currentFinancialInstruments 2022-12-31 12357709 frs-core:SharePremium 2022-12-31 12357709 frs-core:ShareCapital 2022-12-31 12357709 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12357709
Paga Group Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Zenith Accounting & Business Solutions Ltd
Certified Accountants
DFO Consulting - Churchill House
120 Bunns Lane
Mill Hill
London
NW7 2AS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 12357709
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 34,457,828 36,176,222
34,457,828 36,176,222
CURRENT ASSETS
Debtors 2,937,550 1,800,102
Cash at bank 757,611 35
3,695,161 1,800,137
Creditors: Amounts Falling Due Within One Year (14,158 ) (201,855 )
NET CURRENT ASSETS (LIABILITIES) 3,681,003 1,598,282
TOTAL ASSETS LESS CURRENT LIABILITIES 38,138,831 37,774,504
Creditors: Amounts Falling Due After More Than One Year (421,995 ) (2,286,588 )
NET ASSETS 37,716,836 35,487,916
CAPITAL AND RESERVES
Called up share capital 4 1,223,959 1,222,155
Share premium account 38,500,817 35,851,044
Profit and Loss Account (2,007,940 ) (1,585,283 )
SHAREHOLDERS' FUNDS 37,716,836 35,487,916
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.

The financial statements were approved by the board of directors on 23 July 2024 and were signed on its behalf by:

Mr Eyitayo Oviosu
Director
23 July 2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Paga Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12357709 . The registered office is 3 More London Riverside, London, SE1 2AQ.
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2. Accounting Policies
2.1. 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.
2.2. 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.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable 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.
Current 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 tax is also recognised in other comprehensive income or directly in equity respectively.
2.4. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 7)
5 7
4. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,223,959 1,222,155
Page 3