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 08611495 Mr Frederik Hefer Mr David Anderson Pomerol Partners Group LLP true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08611495 2022-12-31 08611495 2023-12-31 08611495 2023-01-01 2023-12-31 08611495 frs-core:CurrentFinancialInstruments 2023-12-31 08611495 frs-core:Non-currentFinancialInstruments 2023-12-31 08611495 frs-core:ComputerEquipment 2023-12-31 08611495 frs-core:ComputerEquipment 2023-01-01 2023-12-31 08611495 frs-core:ComputerEquipment 2022-12-31 08611495 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 08611495 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 08611495 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 08611495 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 08611495 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 08611495 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 08611495 frs-core:ShareCapital 2023-12-31 08611495 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08611495 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08611495 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08611495 frs-bus:SmallEntities 2023-01-01 2023-12-31 08611495 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08611495 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08611495 1 2023-01-01 2023-12-31 08611495 frs-bus:Director1 2023-01-01 2023-12-31 08611495 frs-bus:Director2 2023-01-01 2023-12-31 08611495 frs-countries:EnglandWales 2023-01-01 2023-12-31 08611495 2021-12-31 08611495 2022-12-31 08611495 2022-01-01 2022-12-31 08611495 frs-core:CurrentFinancialInstruments 2022-12-31 08611495 frs-core:Non-currentFinancialInstruments 2022-12-31 08611495 frs-core:ShareCapital 2022-12-31 08611495 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08611495
Pomerol Partners Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Jupp Castle Limited
ACCA
5 Taplins Court
Taplins Farm Lane
Hartley Wintney
RG27 8XU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08611495
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 448,165 447,658
448,165 447,658
CURRENT ASSETS
Debtors 6 712,673 636,240
Cash at bank and in hand 188,518 188,599
901,191 824,839
Creditors: Amounts Falling Due Within One Year 7 (523,334 ) (549,939 )
NET CURRENT ASSETS (LIABILITIES) 377,857 274,900
TOTAL ASSETS LESS CURRENT LIABILITIES 826,022 722,558
Creditors: Amounts Falling Due After More Than One Year 8 (863,366 ) (774,511 )
NET LIABILITIES (37,344 ) (51,953 )
CAPITAL AND RESERVES
Called up share capital 9 6 6
Profit and Loss Account (37,350 ) (51,959 )
SHAREHOLDERS' FUNDS (37,344) (51,953)
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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 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 David Anderson
Director
5 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pomerol Partners Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08611495 . The registered office is Level 8, One Canada Square, Canary Wharf, London, E14 5AA.
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
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Development costs are capitalised when they are deemed to have an estimated useful life of more than one year. Development costs are amortised to profit and loss account over their estimated economic life of 2 years.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. 
2.5. 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:
Leasehold At cost
Computer Equipment 2 years straight line
2.6. 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.
2.7. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2022: 13)
10 13
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2023 11,304
As at 31 December 2023 11,304
Amortisation
As at 1 January 2023 11,304
As at 31 December 2023 11,304
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Land & Property
Leasehold Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 446,845 25,644 472,489
Additions - 1,033 1,033
As at 31 December 2023 446,845 26,677 473,522
Depreciation
As at 1 January 2023 - 24,831 24,831
Provided during the period - 526 526
As at 31 December 2023 - 25,357 25,357
Net Book Value
As at 31 December 2023 446,845 1,320 448,165
As at 1 January 2023 446,845 813 447,658
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 175,539 270,062
Amounts owed by participating interests - 76,640
Other debtors 218,243 182,797
393,782 529,499
Due after more than one year
Amounts owed by group undertakings 219,349 -
Other debtors 99,542 106,741
318,891 106,741
712,673 636,240
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 67,526 62,681
Bank loans and overdrafts 67,960 70,414
Other creditors 336,309 343,053
Taxation and social security 51,539 73,791
523,334 549,939
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 220,870 354,291
Amounts owed to associates 642,496 420,220
863,366 774,511
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 6 6
10. Ultimate Controlling Party
The company's ultimate controlling party is Pomerol Partners Group LLP by virtue of his ownership of 100% of the issued share capital in the company.
11. Directors' transactions
During the year the company paid USD£49,998 equivalent to GBP £40,483 (2022 £76,457) to Montauk International Limited, which is a company controlled by Mr Anderson, a director of the company. 
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