Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09982913 Mr Alfonso Marone iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09982913 2023-02-28 09982913 2024-02-29 09982913 2023-03-01 2024-02-29 09982913 frs-core:CurrentFinancialInstruments 2024-02-29 09982913 frs-core:ComputerEquipment 2024-02-29 09982913 frs-core:ComputerEquipment 2023-03-01 2024-02-29 09982913 frs-core:ComputerEquipment 2023-02-28 09982913 frs-core:PlantMachinery 2024-02-29 09982913 frs-core:PlantMachinery 2023-03-01 2024-02-29 09982913 frs-core:PlantMachinery 2023-02-28 09982913 frs-core:ShareCapital 2024-02-29 09982913 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09982913 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09982913 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09982913 frs-bus:SmallEntities 2023-03-01 2024-02-29 09982913 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09982913 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09982913 frs-core:ListedExchangeTraded 2024-02-29 09982913 frs-core:ListedExchangeTraded 2023-02-28 09982913 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-02-28 09982913 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-02-29 09982913 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-02-29 09982913 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-02-28 09982913 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-02-29 09982913 frs-bus:Director1 2023-03-01 2024-02-29 09982913 frs-countries:EnglandWales 2023-03-01 2024-02-29 09982913 2022-02-28 09982913 2023-02-28 09982913 2022-03-01 2023-02-28 09982913 frs-core:CurrentFinancialInstruments 2023-02-28 09982913 frs-core:ShareCapital 2023-02-28 09982913 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09982913
Point79 Management Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09982913
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 955 -
Investments 5 100,000 -
100,955 -
CURRENT ASSETS
Debtors 6 100,000 52
Cash at bank and in hand 244,859 249,334
344,859 249,386
Creditors: Amounts Falling Due Within One Year 7 (92,536 ) (9,573 )
NET CURRENT ASSETS (LIABILITIES) 252,323 239,813
TOTAL ASSETS LESS CURRENT LIABILITIES 353,278 239,813
NET ASSETS 353,278 239,813
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 353,268 239,803
SHAREHOLDERS' FUNDS 353,278 239,813
Page 1
Page 2
For the year ending 29 February 2024 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 Alfonso Marone
Director
03/06/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Point79 Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09982913 . The registered office is 84 Brook Street, London, W1K 5EH.
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. 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:
Plant & Machinery 4 years
Computer Equipment 4 years
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 1,117 - 1,117
Additions - 1,146 1,146
As at 29 February 2024 1,117 1,146 2,263
Depreciation
As at 1 March 2023 1,117 - 1,117
Provided during the period - 191 191
As at 29 February 2024 1,117 191 1,308
Net Book Value
As at 29 February 2024 - 955 955
As at 1 March 2023 - - -
Page 3
Page 4
5. Investments
Listed
£
Cost
As at 1 March 2023 -
Additions 100,000
As at 29 February 2024 100,000
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 100,000
As at 1 March 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 100,000 52
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) 117
Other creditors 20,033 9,456
Taxation and social security 72,504 -
92,536 9,573
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4