Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10125652 Mr D Thome iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10125652 2022-12-31 10125652 2023-12-31 10125652 2023-01-01 2023-12-31 10125652 frs-core:CurrentFinancialInstruments 2023-12-31 10125652 frs-core:ShareCapital 2023-12-31 10125652 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10125652 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10125652 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10125652 frs-bus:SmallEntities 2023-01-01 2023-12-31 10125652 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10125652 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10125652 frs-core:CostValuation 2022-12-31 10125652 frs-core:AdditionsToInvestments 2023-12-31 10125652 frs-core:CostValuation 2023-12-31 10125652 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 10125652 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 10125652 frs-bus:Director1 2023-01-01 2023-12-31 10125652 frs-countries:EnglandWales 2023-01-01 2023-12-31 10125652 2021-12-31 10125652 2022-12-31 10125652 2022-01-01 2022-12-31 10125652 frs-core:CurrentFinancialInstruments 2022-12-31 10125652 frs-core:ShareCapital 2022-12-31 10125652 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10125652
Grimaldi Investments Ltd
Financial Statements
For The Year Ended 31 December 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10125652
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 3 289,289 183,086
289,289 183,086
CURRENT ASSETS
Debtors 4 4,000 -
Cash at bank and in hand 87,086 106,513
91,086 106,513
Creditors: Amounts Falling Due Within One Year 5 (91,586 ) (32,483 )
NET CURRENT ASSETS (LIABILITIES) (500 ) 74,030
TOTAL ASSETS LESS CURRENT LIABILITIES 288,789 257,116
NET ASSETS 288,789 257,116
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 288,689 257,016
SHAREHOLDERS' FUNDS 288,789 257,116
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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 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 D Thome
Director
30 August 2024
The notes on pages 3 to 4 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. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
1.3. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2022: 1)
1 1
3. Investments
Other
£
Cost
As at 1 January 2023 183,086
Additions 106,203
As at 31 December 2023 289,289
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 289,289
As at 1 January 2023 183,086
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4. Debtors
2023 2022
£ £
Due within one year
Other debtors 4,000 -
4,000 -
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 360 360
Corporation tax 8,492 15,947
Other creditors 81,858 15,726
Accruals and deferred income 876 450
91,586 32,483
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
7. General Information
Grimaldi Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10125652 . The registered office is 41 Lysia Street, London, SW6 6NF.
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