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 09862366 Mr Ferdinand-Maximilian Ysenburg iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09862366 2022-11-30 09862366 2023-11-30 09862366 2022-12-01 2023-11-30 09862366 frs-core:CurrentFinancialInstruments 2023-11-30 09862366 frs-core:ComputerEquipment 2023-11-30 09862366 frs-core:ComputerEquipment 2022-12-01 2023-11-30 09862366 frs-core:ComputerEquipment 2022-11-30 09862366 frs-core:ShareCapital 2023-11-30 09862366 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 09862366 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09862366 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 09862366 frs-bus:SmallEntities 2022-12-01 2023-11-30 09862366 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09862366 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 09862366 frs-bus:Director1 2022-12-01 2023-11-30 09862366 frs-bus:Director1 2022-11-30 09862366 frs-bus:Director1 2023-11-30 09862366 frs-countries:EnglandWales 2022-12-01 2023-11-30 09862366 2021-11-30 09862366 2022-11-30 09862366 2021-12-01 2022-11-30 09862366 frs-core:CurrentFinancialInstruments 2022-11-30 09862366 frs-core:ShareCapital 2022-11-30 09862366 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 09862366
CRONUS ASSET MANAGEMENT LIMITED
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09862366
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 389 659
389 659
CURRENT ASSETS
Debtors 5 16,169 11,876
Cash at bank and in hand 6,032 12,793
22,201 24,669
Creditors: Amounts Falling Due Within One Year 6 (22,214 ) (25,291 )
NET CURRENT ASSETS (LIABILITIES) (13 ) (622 )
TOTAL ASSETS LESS CURRENT LIABILITIES 376 37
NET ASSETS 376 37
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 375 36
SHAREHOLDERS' FUNDS 376 37
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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 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
Mr Ferdinand-Maximilian Ysenburg
Director
29/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
CRONUS ASSET MANAGEMENT LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09862366 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
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.
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. 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 25% Straight line method
2.4. 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 initialy recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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 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.
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2.7. Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.

The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 December 2022 1,079
Disposals (299 )
As at 30 November 2023 780
Depreciation
As at 1 December 2022 420
Provided during the period 270
Disposals (299 )
As at 30 November 2023 391
Net Book Value
As at 30 November 2023 389
As at 1 December 2022 659
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 16,169 11,876
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 13,350 14,003
Other creditors 50 -
Taxation and social security 8,814 11,288
22,214 25,291
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7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mr Ferdinand-Maximilian Ysenburg 6,636 48,328 (45,148 ) - 9,816
The above loan is unsecured, interest free and repayable on demand.
9. Related Party Transactions
The company was controlled throughout the current period by Mr Ferdinand-Maximilian Ysenburg by virtue of it's ownership of the entire issued share capital.
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