Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05754349 Mr Steven Vine Mr Satish Ravella Ms Denise Lang JTC (UK) Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05754349 2022-12-31 05754349 2023-12-31 05754349 2023-01-01 2023-12-31 05754349 frs-core:CurrentFinancialInstruments 2023-12-31 05754349 frs-core:SharePremium 2023-12-31 05754349 frs-core:ShareCapital 2023-12-31 05754349 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05754349 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05754349 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05754349 frs-bus:SmallEntities 2023-01-01 2023-12-31 05754349 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05754349 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05754349 frs-bus:Director1 2023-01-01 2023-12-31 05754349 frs-bus:Director2 2023-01-01 2023-12-31 05754349 frs-bus:Director3 2023-01-01 2023-12-31 05754349 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 05754349 frs-countries:EnglandWales 2023-01-01 2023-12-31 05754349 2021-12-31 05754349 2022-12-31 05754349 2022-01-01 2022-12-31 05754349 frs-core:CurrentFinancialInstruments 2022-12-31 05754349 frs-core:SharePremium 2022-12-31 05754349 frs-core:ShareCapital 2022-12-31 05754349 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 05754349
Zeta Interactive Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 05754349
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 504,398 504,398
504,398 504,398
Creditors: Amounts Falling Due Within One Year 5 (248,583 ) (248,583 )
NET CURRENT ASSETS (LIABILITIES) 255,815 255,815
TOTAL ASSETS LESS CURRENT LIABILITIES 255,815 255,815
NET ASSETS 255,815 255,815
CAPITAL AND RESERVES
Called up share capital 6 250 250
Share premium account 101,715 101,715
Income Statement 153,850 153,850
SHAREHOLDERS' FUNDS 255,815 255,815
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 Income Statement.
On behalf of the board
Mr Steven Vine
Director
11/09/2024
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Zeta Interactive Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05754349 . The registered office is 2 Stephen Street, London, W1T 1AN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. No critical judgements have been applied to these financial statements. 
The financial statements are not prepared on the going concern basis because following the period end the directors have decided that the trading withing the company will cease and the entity will be liquidated in the near future. Accordingly the going concern basis of accounting is no longer appropriate. The financial statements are prepared on a basis other than going concern in which debtors are recorded at their recoverable value, creditors are recorded at their face value, cash in the bank is recorded at its actual value, net fixed asset value has been recognised as a current asset and provision has been made for liabilities arising from the decision.
FRS 102 allows a qualifying entity certain disclosure exemptions, subject to certain conditions, which have been complied with, including notification of, and no objection to, the use of exemptions by the company's shareholders.
The company has taken advantage of the following exemptions: from preparing a statement of cash flows, required under Section 7 of FRS 102 and para 3.17(d), on the basis that it is a small company; from disclosing the company's key management personnel compensation as required by FRS 102 para 33.7; and from disclosing related party transactions that are wholly owned within the same group
2.2. Going Concern Disclosure
The financial statements are prepared on a basis other than going concern due to the fact that the entity intends to cease trading and be liquidated within the next twelve months. Accordingly, the going concern basis of preparation is not appropriate. 
2.3. Foreign Currencies
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 at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
2.4. Related party transations
The company discloses transactions with related parties which are not wholly owned with the same group. It does not disclose transactions with its' parent or with members of the same group that are wholly owned
2.5. Financial Assets and Liabilities
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument, and are offset only when the Company currently has a legally enforceable right to set off the recognised amounts and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Trade and Intercompany Debtors
Trade and intercompany debtors which are receivable within one year and which do not constitute a financing transaction are initially measured at the transaction price. Trade and intercompany debtors are subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses. 
Where the arrangement with a trade or intercompany debtor constitutes a financing transaction, the debtor is initially and subsequently measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.
A provision for impairment of trade or intercompany debtors is established when there is objective evidence that the amounts due will not be collected according to the original terms of the contract. Impairment losses are recognised in profit or loss for the excess of the carrying value of the trade or intercompany debtor over the present value of the future cash flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in profit or loss.
...CONTINUED
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2.5. Financial Assets and Liabilities - continued
Financial Instruments
Financial instruments are classified as liabilities and equity instruments according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Equity instruments
Financial instruments classified as equity instruments are recorded at the fair value of the cash or other resources received or receivable, net of direct costs of issuing the equity instruments.
Trade and intercompany creditors
Trade and intercompany creditors payable within one year that do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled. 
Where the arrangement with a trade or intercompany creditor constitutes a financing transaction, the creditor is initially and subsequently measured at the present value of future payments discounted at a market rate of interest for a similar instrument.
Borrowings
Borrowings are initially recognised at the transaction price, including transaction costs, and subsequently measured at amortised cost using the effective interest method. Interest is recognised on the basis of the effective interest method and is included in interest payable and other similar charges
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Debtors
2023 2022
£ £
Due within one year
Amounts owed by group undertakings 504,398 504,398
504,398 504,398
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax (7,785 ) (7,785 )
Amounts owed to group undertakings 256,368 256,368
248,583 248,583
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 250 250
7. Reserves
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
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