Acorah Software Products - Accounts Production 15.0.500 false true false 10 November 2022 31 December 2023 31 December 2023 14476614 Mr David Turnock Mr Omiros Omirou Mr Andrew Christopher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14476614 2022-11-09 14476614 2023-12-31 14476614 2022-11-10 2023-12-31 14476614 frs-core:CurrentFinancialInstruments 2023-12-31 14476614 frs-core:Non-currentFinancialInstruments 2023-12-31 14476614 frs-core:NetGoodwill 2023-12-31 14476614 frs-core:NetGoodwill 2022-11-10 2023-12-31 14476614 frs-core:NetGoodwill 2022-11-09 14476614 frs-core:SharePremium 2023-12-31 14476614 frs-core:ShareCapital 2023-12-31 14476614 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14476614 frs-bus:PrivateLimitedCompanyLtd 2022-11-10 2023-12-31 14476614 frs-bus:FilletedAccounts 2022-11-10 2023-12-31 14476614 frs-bus:SmallEntities 2022-11-10 2023-12-31 14476614 frs-bus:AuditExempt-NoAccountantsReport 2022-11-10 2023-12-31 14476614 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-10 2023-12-31 14476614 frs-bus:OrdinaryShareClass2 2022-11-10 2023-12-31 14476614 frs-bus:OrdinaryShareClass2 2023-12-31 14476614 frs-bus:OrdinaryShareClass3 2022-11-10 2023-12-31 14476614 frs-bus:OrdinaryShareClass3 2023-12-31 14476614 frs-bus:OrdinaryShareClass4 2022-11-10 2023-12-31 14476614 frs-bus:OrdinaryShareClass4 2023-12-31 14476614 frs-core:CostValuation 2022-11-09 14476614 frs-core:AdditionsToInvestments 2023-12-31 14476614 frs-core:CostValuation 2023-12-31 14476614 frs-core:ProvisionsForImpairmentInvestments 2022-11-09 14476614 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 14476614 frs-bus:Director1 2022-11-10 2023-12-31 14476614 frs-bus:Director2 2022-11-10 2023-12-31 14476614 frs-bus:Director3 2022-11-10 2023-12-31 14476614 frs-countries:EnglandWales 2022-11-10 2023-12-31
Registered number: 14476614
Svr Solutions Limited
Unaudited Financial Statements
For the Period 10 November 2022 to 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14476614
31 December 2023
Notes £ £
FIXED ASSETS
Intangible Assets 4 88,986
Investments 5 12,934,941
13,023,927
CURRENT ASSETS
Debtors 6 210,577
210,577
Creditors: Amounts Falling Due Within One Year 7 (173,202 )
NET CURRENT ASSETS (LIABILITIES) 37,375
TOTAL ASSETS LESS CURRENT LIABILITIES 13,061,302
Creditors: Amounts Falling Due After More Than One Year 8 (13,631,820 )
NET LIABILITIES (570,518 )
CAPITAL AND RESERVES
Called up share capital 9 112,500
Share premium account 11,250
Profit and Loss Account (694,268 )
SHAREHOLDERS' FUNDS (570,518)
Page 1
Page 2
For the period 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 Turnock
Director
09/09/2024
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
Svr Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14476614 . The registered office is 48 Warwick Street, London, United Kingdom, W1B 5AW.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Intangible Assets
Goodwill
£
Cost
As at 10 November 2022 -
Additions 88,986
As at 31 December 2023 88,986
Net Book Value
As at 31 December 2023 88,986
As at 10 November 2022 -
5. Investments
Subsidiaries
£
Cost
As at 10 November 2022 -
Additions 12,934,941
As at 31 December 2023 12,934,941
Provision
As at 10 November 2022 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 12,934,941
As at 10 November 2022 -
6. Debtors
31 December 2023
£
Due within one year
Other debtors 210,577
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7. Creditors: Amounts Falling Due Within One Year
31 December 2023
£
Trade creditors 68,216
Amounts owed to group undertakings 100,986
Other creditors 4,000
173,202
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2023
£
Debentures 13,631,820
£4,950,000 10% Fixed Rate A Secured Loan Notes 2028
£4,750,000 10% Fixed Rate B Secured Loan Notes 2028
£3,931,820 10% Fixed Rate C Secured Loan Notes 2028
The Company covenants with the Noteholders that it will on the date falling 5 years and 1 day from (and excluding) the date of this Instrument, or such earlier date as the Notes are due to be redeemed as provided in this Instrument, pay to the Noteholders the principal amount of the Notes then outstanding plus any Interest accrued to the date of repayment.
The Company covenants with the Noteholders that it will pay Interest (subject to deduction of tax at the applicable rate) from the date of issue of the Notes until redemption in full of the Notes on the principal amount of the Notes then outstanding at the rate per annum and at the times and otherwise in the manner provided in the agreement.
9. Share Capital
31 December 2023
Allotted, called up and fully paid £
8,500,000 Ordinary A shares of £ 0.01 each 85,000
500,000 Ordinary B shares of £ 0.01 each 5,000
2,250,000 Ordinary C shares of £ 0.01 each 22,500
112,500
Shares issued during the period: £
8,500,000 Ordinary A shares of £ 0.01 each 85,000
500,000 Ordinary B shares of £ 0.01 each 5,000
2,250,000 Ordinary C shares of £ 0.01 each 22,500
112,500
10. Related Party Transactions
During the year, the company had the following related party transactions and balances with it's subsidiary:
Trak Global Security Solutions Ltd
Amount due to related party: £100,986
Loan is interest free and repayable on demand.
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