Acorah Software Products - Accounts Production 14.5.601 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09353784 Mr David Power Mr Brian Byrne Mr David Power iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09353784 2022-12-31 09353784 2023-12-31 09353784 2023-01-01 2023-12-31 09353784 frs-core:CurrentFinancialInstruments 2023-12-31 09353784 frs-core:ShareCapital 2023-12-31 09353784 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09353784 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09353784 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09353784 frs-bus:SmallEntities 2023-01-01 2023-12-31 09353784 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09353784 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09353784 frs-bus:Director1 2023-01-01 2023-12-31 09353784 frs-bus:Director2 2023-01-01 2023-12-31 09353784 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 09353784 frs-core:CurrentFinancialInstruments 1 2023-12-31 09353784 frs-core:CurrentFinancialInstruments 2 2023-12-31 09353784 frs-countries:EnglandWales 2023-01-01 2023-12-31 09353784 2021-12-31 09353784 2022-12-31 09353784 2022-01-01 2022-12-31 09353784 frs-core:CurrentFinancialInstruments 2022-12-31 09353784 frs-core:ShareCapital 2022-12-31 09353784 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 09353784 frs-core:CurrentFinancialInstruments 1 2022-12-31 09353784 frs-core:CurrentFinancialInstruments 2 2022-12-31
Registered number: 09353784
Parnell Capital Ltd
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09353784
2023 2022
Notes
FIXED ASSETS
Investments 1,000 1,000
1,000 1,000
CURRENT ASSETS
Cash at bank and in hand 27 27
27 27
Creditors: Amounts Falling Due Within One Year 4 (1,097 ) (1,096 )
NET CURRENT ASSETS (LIABILITIES) (1,070 ) (1,069 )
TOTAL ASSETS LESS CURRENT LIABILITIES (70 ) (69 )
NET LIABILITIES (70 ) (69 )
CAPITAL AND RESERVES
Called up share capital 5 3 4
Profit and Loss Account (73 ) (73 )
SHAREHOLDERS' FUNDS (70) (69)
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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 Brian Byrne
Director
05/04/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Parnell Capital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09353784 . The registered office is Kings House, 3rd Floor, Kymberley Road, Harrow, HA1 1PT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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. Foreign Currencies
(i) Functional and presentation currency
The Company’s functional and presentation currency is Euro.
(ii) Transactions and balances
Foreign currency transactions are translated into euro using the spot exchange rates at the dates of transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange at the date of the transaction and nonmonetary items measured at fair value using exchange rates when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account.
2.4. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as
reported in the profit and loss account because it excludes items of income or expense that are taxable or
deductible in other years and it further excludes 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
reporting end date.

Deferred tax

Full provision is made for deferred taxation resulting from timing differences between the recognition of
gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on
an un-discounted basis at the tax rates which are expected to apply in the periods when the timing
differences will reverse.Income tax expense represents the sum of the tax currently payable and deferred tax.

2.5. Cash at Bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with
banks, other short-term liquid investments with original maturities of three months or less, and bank
overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.6. Functional and Presentation Currency
The financial statements are presented in Euros, which is the Company's functional and presentation currency. All company Income, Assets and Liabilities being entirely derived and based in the Euro currency.
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2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Creditors: Amounts Falling Due Within One Year
2023 2022
Other creditors 97 1,096
Other creditors BCB Cap Ltd 500 -
Other creditors Chg 1 Ltd 500 -
1,097 1,096
5. Share Capital
2023 2022
Allotted, Called up and fully paid 3 4
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