Acorah Software Products - Accounts Production 15.0.600 false true true false 25 January 2023 31 January 2024 31 January 2024 14616537 Maximilian Coupland Ki Capital Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14616537 2023-01-24 14616537 2024-01-31 14616537 2023-01-25 2024-01-31 14616537 frs-core:CurrentFinancialInstruments 2024-01-31 14616537 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-25 2024-01-31 14616537 frs-core:OtherResidualIntangibleAssets 2024-01-31 14616537 frs-core:OtherResidualIntangibleAssets 2023-01-25 2024-01-31 14616537 frs-core:OtherResidualIntangibleAssets 2023-01-24 14616537 frs-core:ShareCapital 2024-01-31 14616537 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 14616537 frs-bus:PrivateLimitedCompanyLtd 2023-01-25 2024-01-31 14616537 frs-bus:FilletedAccounts 2023-01-25 2024-01-31 14616537 frs-bus:SmallEntities 2023-01-25 2024-01-31 14616537 frs-bus:AuditExempt-NoAccountantsReport 2023-01-25 2024-01-31 14616537 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-25 2024-01-31 14616537 1 2023-01-25 2024-01-31 14616537 frs-bus:Director1 2023-01-25 2024-01-31 14616537 frs-countries:EnglandWales 2023-01-25 2024-01-31
Registered number: 14616537
WiseCo Ventures Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 14616537
2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 267,834
267,834
CURRENT ASSETS
Debtors 5 2,531
Cash at bank and in hand 28,731
31,262
Creditors: Amounts Falling Due Within One Year 6 (373,786 )
NET CURRENT ASSETS (LIABILITIES) (342,524 )
TOTAL ASSETS LESS CURRENT LIABILITIES (74,690 )
NET LIABILITIES (74,690 )
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account (74,790 )
SHAREHOLDERS' FUNDS (74,690)
For the year ending 31 January 2024 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
Maximilian Coupland
Director
23/09/2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
WiseCo Ventures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14616537 . The registered office is 35-37 Ludgate Hill, London, EC4M 7JN.
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 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 director has 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.  The company's parent company has agreed to provide financial support to enable the company to continue in business.
2.3. Significant judgements and estimations
The preparation of accounts in accordance with FRS 102 Section 1A requires the Company’s management to make judgments, estimates and assumptions that affect the application of accounting policies and reported amounts of assets, liabilities, revenues and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected.
The significant areas requiring the use of estimates includes the carrying value of the intangible fixed assets . Further details are provided in the relevant notes. Actual results could differ from those estimates.
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is comprised of affiliate marketing commission receivable which is recognised when the company becomes entitled to the commission.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets comprise internet domains, customer lists, intellectual property rights and contracts acquired which are amortised to profit and loss account over an estimated economic life of 10 years.
2.6. Foreign Currencies
The company's functional currency is considered to be USD which is the currency of the primary economic environment in which the company operates.  The company's presentation currency is GBP.
Foreign currency transactions are translated into the functional currency using the exchange rate at the date of the transaction. Foreign currency monetary items are translated into the functional currency at the exchange rates applicable at the end of the reporting period.
Subsequently,  monetary assets and liabilities are translated to the presentation currency at the closing rate and income and expenses translated at the exchange rate on the transaction date.
2.7. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
4. Intangible Assets
Other
£
Cost
As at 25 January 2023 -
Additions 289,550
As at 31 January 2024 289,550
Amortisation
As at 25 January 2023 -
Provided during the period 21,716
As at 31 January 2024 21,716
Net Book Value
As at 31 January 2024 267,834
As at 25 January 2023 -
5. Debtors
2024
£
Due within one year
Trade debtors 2,031
Other debtors 500
2,531
6. Creditors: Amounts Falling Due Within One Year
2024
£
Amounts owed to participating interests 124,744
Other creditors 249,042
373,786
Balances due the parent company together with other creditors are unsecured,interest free and repayable on demand.
7. Share Capital
2024
£
Allotted, Called up and fully paid 100
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Page 4
8. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Ki Capital Ltd . Ki Capital Ltd was incorporated in England & Wales. 
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