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Registered number: 08868588
Crowdlords Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Goldwyns London LLP
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—7
Page 1
Statement of Financial Position
Registered number: 08868588
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 17,751 23,167
Tangible Assets 4 989 1,318
Investments 5 27,363 121,604
46,103 146,089
CURRENT ASSETS
Debtors 6 256,157 244,136
Cash at bank and in hand - 59,762
256,157 303,898
Creditors: Amounts Falling Due Within One Year 7 (212,865 ) (293,745 )
NET CURRENT ASSETS (LIABILITIES) 43,292 10,153
TOTAL ASSETS LESS CURRENT LIABILITIES 89,395 156,242
Creditors: Amounts Falling Due After More Than One Year 8 (27,807 ) (34,506 )
NET ASSETS 61,588 121,736
CAPITAL AND RESERVES
Called up share capital 9 67,976 67,976
Share premium account 477,621 477,621
Income Statement (484,009 ) (423,861 )
SHAREHOLDERS' FUNDS 61,588 121,736
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For the year ending 31 January 2024 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 Income Statement.
On behalf of the board
Mr R B Bush
Director
27/08/2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

The principle accounting polices adopted are set below.
1.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged his financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to website development which is amortised to the profit and loss account over its estimated economic life of 10 years.
1.5. Tangible Fixed Assets and Depreciation
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% Reducing Balance
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
1.6. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
1.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred Tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. 
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
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1.9. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific year are recognised in the income statement over that year.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
Government Assistance
The company received assistance in the form of a government backed loan (Coronavirus Business Interruption Loan Scheme (CBILS), of which the balance was £35,885 as at 31 January 2024. This is reported in the current and long term liabilities of the balance sheet based on the allocation of payments due within 12 months and greater than 12 months.
1.10. Fixed asset Investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
1.11. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.12. Critical Accounting Judgements and Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the year in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers.These provisions are estimated based upon the expected values of the invoices which are issued and services received following the year end.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 2 3
2 3
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3. Intangible Assets
Other
£
Cost
As at 1 February 2023 54,171
As at 31 January 2024 54,171
Amortisation
As at 1 February 2023 31,004
Provided during the period 5,416
As at 31 January 2024 36,420
Net Book Value
As at 31 January 2024 17,751
As at 1 February 2023 23,167
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2023 5,325
As at 31 January 2024 5,325
Depreciation
As at 1 February 2023 4,007
Provided during the period 329
As at 31 January 2024 4,336
Net Book Value
As at 31 January 2024 989
As at 1 February 2023 1,318
5. Investments
Unlisted
£
Cost
As at 1 February 2023 121,604
Disposals (94,241 )
As at 31 January 2024 27,363
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 27,363
As at 1 February 2023 121,604
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,667 17,004
Other debtors 1,000 2,000
Amounts owed by connected parties 38,998 29,736
Amounts owed by group undertakings 209,492 195,396
256,157 244,136
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,997 2,990
Bank loans and overdrafts 8,078 7,893
Other taxes and social security 3,737 3,869
VAT 12,636 16,863
Other creditors 150,000 -
Pensions payable 89 179
Shareholder's loan account - 221,819
Accruals and deferred income 2,160 2,600
Director's loan account 20,168 37,532
212,865 293,745
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,807 34,506
27,807 34,506
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 67,976 67,976
The nominal value per share is £0.1 and as at the year end there are 679,757 Ordinary shares in issue.
10. Pension Commitments
The company operates a defined contribution pension scheme for staff. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £89 were due to the fund. They are included in creditors and shown seperatly.
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11. Related Party Transactions
The amount owed by CL Number Nine Limited, a fully owned subsidiary of the company, totalled £39,228 as at the year-end, which is a current asset, interest free and repayable on demand.
The amount owed by CL Number Sixteen Limited, a fully owned subsidiary of the company, totalled £29,125 as at the year-end, which is a current asset, interest free and repayable on demand.
The amount owed by CL Number Twenty Five Limited, a fully owned subsidiary of the company, totalled £84,761 as at the year-end, which is a current asset, interest free and repayable on demand.
The amount owed by CL Number Twenty Six Limited, a fully owned subsidiary of the company, totalled £3,500 as at the year-end, which is a current asset, interest free and repayable on demand.
The amount owed by CL Number Twenty Seven Limited, a fully owned subsidiary of the company, totalled £30,939 as at the year-end, which is a current asset, interest free and repayable on demand.
The amount owed by CL Number Twenty Eight Limited, a fully owned subsidiary of the company, totalled £5,600 as at the year-end, which is a current asset, interest free and repayable on demand.
The amount owed by CL Number Twenty Nine Limited, a fully owned subsidiary of the company, totalled £2,425 as at the year-end, which is a current asset, interest free and repayable on demand.
The amount owed by Crowdventure (The Manse) Limited, a fully owned subsidiary of the company, totalled £2,940 as at the year-end, which is a current asset, interest free and repayable on demand.
The amount owed by Crowdventure (Darwin St) Limited, a fully owned subsidiary of the company, totalled £10,974 as at the year-end, which is a current asset, interest free and repayable on demand.
The amount owed by CL Number Twenty Four Limited, a company related via common directorship, totalled £26,611 as at the year-end, which is a current asset, interest free and repayable on demand.
The amount owed by Crowdventure (Dunbar) Limited, a company related via common control and directorship, totalled £1,000 as at the year-end, which is a current asset, interest free and repayable on demand.
The amount owed by Crowdventure Investments Limited, a company related via common control and directorship, totalled £900 as at the year-end, which is a current asset, interest free and repayable on demand.
The amount owed by Crowdventure (Grayshott) Limited, a company related via common directorship, totalled £7,650 as at the year-end, which is a current asset, interest free and repayable on demand.
The amount owed by ALP Property Services (Harmer Street) Limited, a company related via common directorship, totalled £2,638 as at the year-end, which is a current asset, interest free and repayable on demand.
The amount owed by Prosperity Moseley Street Limited, a company related via common directorship, totalled £200 as at the year-end, which is a current asset, interest free and repayable on demand.
The Directors loan account balance of Mr R B Bush, a director and shareholder of the company, totalled £20,168 as at the year-end, which is a current liability, interest free and repayable on demand.
The balance of Mr R Kumar, a former shareholder of the company, totalled £150,000 as at the year-end, which is a current liability, interest is charged at the rate of 1% per annum and repayable on demand.
12. General Information
Crowdlords Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08868588 . The registered office is 3 Alexandra Terrace, Sherfield-On-Loddon, Hook, RG27 0BY.

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