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Registered number: 07484519
Cascade Communications Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
de Jong Phillips Ltd
Chartered Accountants
First Floor
85 Great Portland Street
London
W1W 7LT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07484519
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 840,469 1,093,872
840,469 1,093,872
CURRENT ASSETS
Debtors 6 1,607,623 1,662,988
Cash at bank and in hand 221,816 51,363
1,829,439 1,714,351
Creditors: Amounts Falling Due Within One Year 7 (302,818 ) (241,923 )
NET CURRENT ASSETS (LIABILITIES) 1,526,621 1,472,428
TOTAL ASSETS LESS CURRENT LIABILITIES 2,367,090 2,566,300
Creditors: Amounts Falling Due After More Than One Year 8 - (25,729 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (131,977 ) (147,406 )
NET ASSETS 2,235,113 2,393,165
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 2,234,113 2,392,165
SHAREHOLDERS' FUNDS 2,235,113 2,393,165
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms Emma Waterfall
Director
5th 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. General Information
Cascade Communications Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07484519 . The registered office is 3 & 4 Wardour Mews, London, W1F 8AJ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 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.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets, excluding Leasehold Improvements, 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.
Leasehold Improvements are measured using the revaluation method.  Any positive change to the revaluation reserve is reported through the Stament of Changes in Equity and any negative change is reported in the profit and loss statement.
Leasehold Improvements Revaluation
Plant & Machinery 25% Straight Line Method
Fixtures & Fittings 25% Straight Line Method
Computer Equipment 33% Straight Line Method
2.5. Financial Instruments
The company accounts for its financial transactions in accordance with Section 11 and Section 12 of FRS 102.

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Short term debtors and creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account 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 profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
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 profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2022: 11)
11 11
4. Prior Period Adjustment
A change in accounting policy on Leasehold Improvements has resulted in a £29k reduction in administration expenses.
The accounting policy change was implemented to better reflect the nature of the asset.
5. Tangible Assets
Land & Property
Leasehold Improvements Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 January 2023 1,049,740 27,737 37,103 1,114,580
Additions 113,900 1,784 21,335 137,019
Revaluation (373,389) - - (373,389 )
As at 31 December 2023 790,251 29,521 58,438 878,210
...CONTINUED
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Depreciation
As at 1 January 2023 - 12,520 8,188 20,708
Provided during the period - 5,401 11,632 17,033
As at 31 December 2023 - 17,921 19,820 37,741
Net Book Value
As at 31 December 2023 790,251 11,600 38,618 840,469
As at 1 January 2023 1,049,740 15,217 28,915 1,093,872
A valuation occurred during the year which resulted in a revaluation loss of £373,389.
6. Debtors
2023 2022
as restated
£ £
Due within one year
Trade debtors 291,718 354,333
Prepayments and accrued income 58,868 28,547
Other debtors 1,257,037 1,280,108
1,607,623 1,662,988
7. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Trade creditors 38,924 30,933
Bank loans and overdrafts 25,729 80,886
Other taxes and social security 69,833 20,891
VAT 50,490 25,752
Other creditors 13,130 5,101
Accruals and deferred income 73,769 8,417
Director's loan account 30,943 69,943
302,818 241,923
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
as restated
£ £
Bank loans - 25,729
9. Share Capital
2023 2022
as restated
£ £
Allotted, Called up and fully paid 1,000 1,000
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10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
as restated
£ £
Not later than one year 106,600 106,600
Later than one year and not later than five years 124,367 230,967
230,967 337,567
11. Related Party Transactions
Presented within "Other Debtors" is an amount of £1,257,037 (2022: £1,267,572) owed by Cascade Communications Holdings Ltd.
During the year £156,000 (2022: £39,000) of rental income was paid to Cascade Communications Holdings Ltd.
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