Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 December 2021 false 1 January 2023 31 December 2023 31 December 2023 10540587 Mr Thomas Watson MARCH MUTUAL SECRETARIAL SERVICES LTD iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10540587 2022-12-31 10540587 2023-12-31 10540587 2023-01-01 2023-12-31 10540587 frs-core:CurrentFinancialInstruments 2023-12-31 10540587 frs-core:ComputerEquipment 2023-12-31 10540587 frs-core:ComputerEquipment 2023-01-01 2023-12-31 10540587 frs-core:ComputerEquipment 2022-12-31 10540587 frs-core:ShareCapital 2023-12-31 10540587 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10540587 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10540587 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10540587 frs-bus:SmallEntities 2023-01-01 2023-12-31 10540587 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10540587 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10540587 frs-bus:Director1 2023-01-01 2023-12-31 10540587 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 10540587 frs-countries:EnglandWales 2023-01-01 2023-12-31 10540587 2021-11-30 10540587 2022-12-31 10540587 2021-12-01 2022-12-31 10540587 frs-core:CurrentFinancialInstruments 2022-12-31 10540587 frs-core:ShareCapital 2022-12-31 10540587 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10540587
Pemaquid Point Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
March Mutual Ltd
F25 Waterfront Studios
1 Dock Road
London
E16 1AH
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Pemaquid Point Ltd For The Year Ended 31 December 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pemaquid Point Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Pemaquid Point Ltd , as a body, in accordance with the terms of our engagement letter dated 29 May 2019. Our work has been undertaken solely to prepare for your approval the accounts of Pemaquid Point Ltd and state those matters that we have agreed to state to the director of Pemaquid Point Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pemaquid Point Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Pemaquid Point Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Pemaquid Point Ltd . You consider that Pemaquid Point Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Pemaquid Point Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
13 June 2024
March Mutual Ltd
F25 Waterfront Studios
1 Dock Road
London
E16 1AH
Page 1
Page 2
Balance Sheet
Registered number: 10540587
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 1,100 2,931
1,100 2,931
CURRENT ASSETS
Cash at bank and in hand 18,465 13,880
18,465 13,880
Creditors: Amounts Falling Due Within One Year 4 (10,251 ) (8,130 )
NET CURRENT ASSETS (LIABILITIES) 8,214 5,750
TOTAL ASSETS LESS CURRENT LIABILITIES 9,314 8,681
NET ASSETS 9,314 8,681
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 9,313 8,680
SHAREHOLDERS' FUNDS 9,314 8,681
Page 2
Page 3
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 Thomas Watson
Director
13 June 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
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.

1.3. 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:
Computer Equipment 33% straight line method
1.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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 year 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was:
31 December 2023 31 December 2022
Office and administration 1 1
1 1
Page 4
Page 5
3. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 11,242
As at 31 December 2023 11,242
Depreciation
As at 1 January 2023 8,311
Provided during the period 1,831
As at 31 December 2023 10,142
Net Book Value
As at 31 December 2023 1,100
As at 1 January 2023 2,931
4. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Corporation tax 10,251 8,130
5. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 1 1
6. Dividends
31 December 2023 31 December 2022
£ £
On equity shares:
Final dividend paid 40,301 30,643
Page 5