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 13175135 Mr Philip Walsh Mr Simon White Mr Simon White iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13175135 2022-09-30 13175135 2023-09-30 13175135 2022-10-01 2023-09-30 13175135 frs-core:CurrentFinancialInstruments 2023-09-30 13175135 frs-core:ComputerEquipment 2023-09-30 13175135 frs-core:ComputerEquipment 2022-10-01 2023-09-30 13175135 frs-core:ComputerEquipment 2022-09-30 13175135 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-09-30 13175135 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-10-01 2023-09-30 13175135 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-09-30 13175135 frs-core:FurnitureFittings 2023-09-30 13175135 frs-core:FurnitureFittings 2022-10-01 2023-09-30 13175135 frs-core:FurnitureFittings 2022-09-30 13175135 frs-core:InvestmentPropertyIncludedWithinPPE 2022-10-01 2023-09-30 13175135 frs-core:ShareCapital 2023-09-30 13175135 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 13175135 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 13175135 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 13175135 frs-bus:SmallEntities 2022-10-01 2023-09-30 13175135 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 13175135 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 13175135 frs-bus:OrdinaryShareClass1 2022-10-01 2023-09-30 13175135 frs-bus:OrdinaryShareClass1 2023-09-30 13175135 frs-core:UnlistedNon-exchangeTraded 2023-09-30 13175135 frs-core:UnlistedNon-exchangeTraded 2022-09-30 13175135 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-09-30 13175135 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 13175135 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 13175135 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-30 13175135 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-09-30 13175135 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 13175135 frs-bus:Director1 2022-10-01 2023-09-30 13175135 frs-bus:Director2 2022-10-01 2023-09-30 13175135 frs-bus:CompanySecretary1 2022-10-01 2023-09-30 13175135 frs-countries:EnglandWales 2022-10-01 2023-09-30 13175135 2021-09-30 13175135 2022-09-30 13175135 2021-10-01 2022-09-30 13175135 frs-core:CurrentFinancialInstruments 2022-09-30 13175135 frs-core:ShareCapital 2022-09-30 13175135 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30 13175135 frs-bus:OrdinaryShareClass1 2021-10-01 2022-09-30
Registered number: 13175135
Time Machine Capital 2 Limited
Financial Statements
For The Year Ended 30 September 2023
Fruition Accountancy LLP
29 Wood Street
Stratford-upon-Avon
Warwickshire
CV37 6JG
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13175135
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 54,833 -
Tangible Assets 4 35,075 9,961
Investments 5 1,621,346 613,973
1,711,254 623,934
CURRENT ASSETS
Debtors 6 1,724,359 503,293
Cash at bank and in hand 3,839 44,754
1,728,198 548,047
Creditors: Amounts Falling Due Within One Year 7 (4,398,577 ) (1,650,355 )
NET CURRENT ASSETS (LIABILITIES) (2,670,379 ) (1,102,308 )
TOTAL ASSETS LESS CURRENT LIABILITIES (959,125 ) (478,374 )
NET LIABILITIES (959,125 ) (478,374 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (959,127 ) (478,376 )
SHAREHOLDERS' FUNDS (959,125) (478,374)
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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 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.
On behalf of the board
Mr Simon White
Director
3rd September 2024
The notes on pages 3 to 6 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
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.
1.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The directors have confirmed their continued support to the company for the foreseeable future.
1.3. 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.
1.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are patents. Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their expected useful economic life. Patents are amortised over the life of the patent when revenues are generated.
1.5. 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:
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
1.6. 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 was as follows: 12 (2022: 6)
12 6
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3. Intangible Assets
Intellectual Property
£
Cost
As at 1 October 2022 -
Additions 60,000
As at 30 September 2023 60,000
Amortisation
As at 1 October 2022 -
Provided during the period 5,167
As at 30 September 2023 5,167
Net Book Value
As at 30 September 2023 54,833
As at 1 October 2022 -
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 October 2022 337 10,482 10,819
Additions 2,258 28,615 30,873
As at 30 September 2023 2,595 39,097 41,692
Depreciation
As at 1 October 2022 7 851 858
Provided during the period 419 5,340 5,759
As at 30 September 2023 426 6,191 6,617
Net Book Value
As at 30 September 2023 2,169 32,906 35,075
As at 1 October 2022 330 9,631 9,961
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5. Investments
Unlisted
£
Cost
As at 1 October 2022 613,973
Additions 1,087,373
Disposals (80,000 )
As at 30 September 2023 1,621,346
Provision
As at 1 October 2022 -
As at 30 September 2023 -
Net Book Value
As at 30 September 2023 1,621,346
As at 1 October 2022 613,973
At the balance sheet date the company held the following proportion of voting rights and ordinary shares:
Sigma Financial Trading Ltd, a company incorporated in England & Wales, 22% (2022: 22%). 
Audition Showdown Inc, a company incorporated in the US.
6. Debtors
2023 2022
as restated
£ £
Due within one year
Trade debtors 85,504 9,014
Amounts owed by group undertakings 1,007,068 340,014
Other debtors 631,787 154,265
1,724,359 503,293
7. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Trade creditors 216,033 72,168
Amounts owed to group undertakings 2,123,913 406,162
Other creditors 1,838,648 1,144,318
Taxation and social security 219,983 27,707
4,398,577 1,650,355
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8. Share Capital
2023 2022
as restated
£ £
Allotted, Called up and fully paid 2 2
Value Number 2023 2022
as restated
Allotted, called up and fully paid £ £ £
Ordinary Shares 1.00 2 2 2
9. Pension Commitments
The company operates a defined contribution pension scheme for its employees. At the balance sheet date unpaid contributions of £3,259 (2022: £1,186) were due to the fund. They are included in Other Creditors.
10. Related Party Transactions
As at the balance sheet date the company was owed £215,350 from related parties (2022: £120,851), and owed related parties £2,123,913 (2022: £406,162) in addition to the following balances.
WISL Limited(A company under common control of directors)During the year company made an interest free loan to WISL Limited. The amount outstanding at the year end was £338,064 (2022: £47,370).

WISL Limited

(A company under common control of directors)

During the year company made an interest free loan to WISL Limited. The amount outstanding at the year end was £338,064 (2022: £47,370).

DAACI Limited(A company under common control of directors)During the year company also provided an interest free loan to DAACI Limited. The amount outstanding at the year end was £75,451 (2022: The company owed Daaci Limited £49,262).

DAACI Limited

(A company under common control of directors)

During the year company also provided an interest free loan to DAACI Limited. The amount outstanding at the year end was £75,451 (2022: The company owed Daaci Limited £49,262).

Emotional Perception AI Limited(A company under common control of directors)During the year company made an interest free loan to Emotional Perception AI Limited. The amount outstanding at the year end was £499,054 (2022: £55,000).

Emotional Perception AI Limited

(A company under common control of directors)

During the year company made an interest free loan to Emotional Perception AI Limited. The amount outstanding at the year end was £499,054 (2022: £55,000).

11. General Information
Time Machine Capital 2 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13175135 . The registered office is 2.2.01 The Leather Market Weston Road, Weston Street, London, SE1 3ER.
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