Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 April 2022 false 1 January 2023 31 December 2023 31 December 2023 12062925 Mr Mads Dal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12062925 2022-12-31 12062925 2023-12-31 12062925 2023-01-01 2023-12-31 12062925 frs-core:CurrentFinancialInstruments 2023-12-31 12062925 frs-core:Non-currentFinancialInstruments 2023-12-31 12062925 frs-core:PlantMachinery 2023-01-01 2023-12-31 12062925 frs-core:ShareCapital 2023-12-31 12062925 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12062925 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12062925 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12062925 frs-bus:SmallEntities 2023-01-01 2023-12-31 12062925 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12062925 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12062925 frs-bus:Director1 2023-01-01 2023-12-31 12062925 frs-countries:EnglandWales 2023-01-01 2023-12-31 12062925 2022-03-31 12062925 2022-12-31 12062925 2022-04-01 2022-12-31 12062925 frs-core:CurrentFinancialInstruments 2022-12-31 12062925 frs-core:Non-currentFinancialInstruments 2022-12-31 12062925 frs-core:ShareCapital 2022-12-31 12062925 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12062925
The Better Home Company Europe Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Square Mile Accounting Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12062925
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 103,426 205,483
Cash at bank and in hand 7,430 2,220
110,856 207,703
Creditors: Amounts Falling Due Within One Year 5 (131,523 ) (147,272 )
NET CURRENT ASSETS (LIABILITIES) (20,667 ) 60,431
TOTAL ASSETS LESS CURRENT LIABILITIES (20,667 ) 60,431
Creditors: Amounts Falling Due After More Than One Year 6 (40,999 ) (52,600 )
NET (LIABILITIES)/ASSETS (61,666 ) 7,831
CAPITAL AND RESERVES
Called up share capital 7 100,000 100,000
Profit and Loss Account (161,666 ) (92,169 )
SHAREHOLDERS' FUNDS (61,666) 7,831
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Page 2
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 Mads Dal
Director
25th September 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
The Better Home Company Europe Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12062925 . The registered office is Morie Street Studios 4 Morie Street, Studio 6, London, England, SW18 1SL.
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. 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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Plant & Machinery 3 years straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 1)
2 1
4. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 710 1,040
Other debtors 102,716 204,443
103,426 205,483
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5. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 61 83,704
Amounts owed to participating interests 53,170 1,692
Other creditors 34,138 22,870
Taxation and social security 44,154 39,006
131,523 147,272
6. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Bank loans 40,999 52,971
Other loans - (11,750 )
Other creditors - 11,379
40,999 52,600
Bank loans include an amount of £40,999 with an interest rate of 2.5%, due back over monthly repayments until December 2027.
7. Share Capital
31 December 2023 31 December 2022
£ £
Called Up Share Capital not Paid - 99,998
Called Up Share Capital has been paid up 100,000 2
Amount of Allotted, Called Up Share Capital 100,000 100,000
8. Related Party Transactions
Included within Creditors due within one year is the following director loan:
Mr Mads Dal - £34,138
The above loan is unsecured, interest free and repayable on demand. 
9. Short Period of Accounts
The 2022 reporting period covers the year from 1st April 2022 to 31st December 2022, whereas the 2023 reporting period covers the period from 1st January 2023 to 31st December 2023; therefore, the prior year figures are not directly comparable.
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