Acorah Software Products - Accounts Production 14.6.300 false true 30 November 2022 1 November 2021 false 1 December 2022 30 November 2023 30 November 2023 13716260 Anouar Adham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13716260 2022-11-30 13716260 2023-11-30 13716260 2022-12-01 2023-11-30 13716260 frs-core:CurrentFinancialInstruments 2023-11-30 13716260 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-30 13716260 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-01 2023-11-30 13716260 frs-core:InvestmentPropertyIncludedWithinPPE 2022-11-30 13716260 frs-core:ShareCapital 2023-11-30 13716260 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 13716260 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13716260 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 13716260 frs-bus:SmallEntities 2022-12-01 2023-11-30 13716260 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13716260 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13716260 frs-bus:Director1 2022-12-01 2023-11-30 13716260 frs-countries:EnglandWales 2022-12-01 2023-11-30 13716260 2021-10-31 13716260 2022-11-30 13716260 2021-11-01 2022-11-30 13716260 frs-core:CurrentFinancialInstruments 2022-11-30 13716260 frs-core:ShareCapital 2022-11-30 13716260 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 13716260
Crowdtolive Spv 18 Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13716260
30 November 2023 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,255 53,144
36,255 53,144
CURRENT ASSETS
Debtors 5 1,302 932
1,302 932
Creditors: Amounts Falling Due Within One Year 6 (912 ) (177 )
NET CURRENT ASSETS (LIABILITIES) 390 755
TOTAL ASSETS LESS CURRENT LIABILITIES 36,645 53,899
PROVISIONS FOR LIABILITIES
Deferred Taxation (77 ) -
NET ASSETS 36,568 53,899
CAPITAL AND RESERVES
Called up share capital 7 35,812 55,000
Profit and Loss Account 756 (1,101 )
SHAREHOLDERS' FUNDS 36,568 53,899
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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
Anouar Adham
Director
20 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
Crowdtolive Spv 18 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13716260 . The registered office is 5th Floor, Office 510 Riverbank House, 1 Putney Bridge Approach, London, SW6 3JD.
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
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Income from investment properties
Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.
2.3. 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 December 2022 53,144
Disposals (18,540 )
Revaluation 1,651
As at 30 November 2023 36,255
Net Book Value
As at 30 November 2023 36,255
As at 1 December 2022 53,144
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The investment properties are valued, at balance sheet date, by directors of the company based on the assessment of available market information and property condition. The directors believe the their valuation would not be materially different from the professional valuation.
5. Debtors
30 November 2023 30 November 2022
£ £
Due within one year
Amounts owed by other related parties 1,302 932
1,302 932
6. Creditors: Amounts Falling Due Within One Year
30 November 2023 30 November 2022
£ £
Corporation tax 692 177
Accruals and deferred income 220 -
912 177
7. Share Capital
30 November 2023 30 November 2022
£ £
Allotted, Called up and fully paid 35,812 55,000
8. Related Party Transactions
Included in debtors due within one year is an amount of £1,302 (2022: £932) owed by the company in which the director has beneficial interest. The amount is interest free and receivable on demand.
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