Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2021 1 January 2021 false 1 January 2022 31 December 2022 31 December 2022 08473773 Mr Adam Black iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08473773 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2022-12-31 08473773 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2022-12-31 08473773 2021-12-31 08473773 2022-12-31 08473773 2022-01-01 2022-12-31 08473773 frs-core:CurrentFinancialInstruments 2022-12-31 08473773 frs-core:Non-currentFinancialInstruments 2022-12-31 08473773 frs-core:ShareCapital 2022-12-31 08473773 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 08473773 frs-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 08473773 frs-bus:FilletedAccounts 2022-01-01 2022-12-31 08473773 frs-bus:SmallEntities 2022-01-01 2022-12-31 08473773 frs-bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 08473773 frs-bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 08473773 frs-core:CostValuation 2021-12-31 08473773 frs-core:CostValuation 2022-12-31 08473773 frs-core:ProvisionsForImpairmentInvestments 2021-12-31 08473773 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 08473773 frs-bus:Director1 2022-01-01 2022-12-31 08473773 frs-core:CurrentFinancialInstruments 2 2022-12-31 08473773 frs-core:CurrentFinancialInstruments 3 2022-12-31 08473773 frs-core:CurrentFinancialInstruments 4 2022-12-31 08473773 frs-core:CurrentFinancialInstruments 9 2022-12-31 08473773 frs-countries:EnglandWales 2022-01-01 2022-12-31 08473773 frs-core:Subsidiary1 2022-01-01 2022-12-31 08473773 frs-core:Subsidiary1 2022-12-31 08473773 frs-core:Subsidiary1 1 2022-01-01 2022-12-31 08473773 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2021-12-31 08473773 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2021-12-31 08473773 2020-12-31 08473773 2021-12-31 08473773 2021-01-01 2021-12-31 08473773 frs-core:CurrentFinancialInstruments 2021-12-31 08473773 frs-core:Non-currentFinancialInstruments 2021-12-31 08473773 frs-core:ShareCapital 2021-12-31 08473773 frs-core:RetainedEarningsAccumulatedLosses 2021-12-31 08473773 frs-core:CurrentFinancialInstruments 2 2021-12-31 08473773 frs-core:CurrentFinancialInstruments 3 2021-12-31 08473773 frs-core:CurrentFinancialInstruments 4 2021-12-31 08473773 frs-core:CurrentFinancialInstruments 9 2021-12-31
Registered number: 08473773
Schwarzmilan Limited
Unaudited Financial Statements
For The Year Ended 31 December 2022
Green & Peter(UK) Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08473773
2022 2021
Notes £ £ £ £
FIXED ASSETS
Investments 4 992,994 992,994
992,994 992,994
CURRENT ASSETS
Debtors 5 915,524 901,524
Cash at bank and in hand 6,835 3,816
922,359 905,340
Creditors: Amounts Falling Due Within One Year 6 (2,239,581 ) (2,228,502 )
NET CURRENT ASSETS (LIABILITIES) (1,317,222 ) (1,323,162 )
TOTAL ASSETS LESS CURRENT LIABILITIES (324,228 ) (330,168 )
Creditors: Amounts Falling Due After More Than One Year 7 (29,167 ) (49,167 )
NET LIABILITIES (353,395 ) (379,335 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (353,495 ) (379,435 )
SHAREHOLDERS' FUNDS (353,395) (379,335)
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Page 2
For the year ending 31 December 2022 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 Adam Black
Director
13/06/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Schwarzmilan Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08473773 . The registered office is 1339 High Road, London, N20 9HR.
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. Exemption From Preparing Consolidated Financial Statements
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
2.3. Going Concern Disclosure
The directors have 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. Despite the Company having onging losses, the directors consider the company to continue as a going concern as the major laibilities are to related entities and these entities have intimated that they will not require repayment in the short term.
2.4. Investments
Investments in subsidiaries are measured at cost less accumulated impairment
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2021: NIL)
- -
4. Investments
Other
£
Cost
As at 1 January 2022 992,994
As at 31 December 2022 992,994
Provision
As at 1 January 2022 -
As at 31 December 2022 -
Net Book Value
As at 31 December 2022 992,994
As at 1 January 2022 992,994
Subsidiaries
Details of the company's subsidiaries as at 31 December 2022 are as follows:
Name of undertaking Registered Office Class of shares held Direct holding Indirect holding
Deutsche Property Limited United Kingdom Ordinary 100.00% -
The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:
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Capital and Reserves Profit/(loss)
£ £
Deutsche Property Limited (1,364,836 ) (375,585 )
5. Debtors
2022 2021
£ £
Due within one year
Berlin Ventures Limited 3,090 3,090
Kyte Land & Property Limited 597,357 597,357
Black Communications Limited 315,077 301,077
915,524 901,524
6. Creditors: Amounts Falling Due Within One Year
2022 2021
£ £
Bank loans and overdrafts 10,000 121
Accrued interest payable 68,844 68,844
Accruals and deferred income 5,400 4,200
Director's loan account 2,147 2,147
Amounts owed to group undertakings 2,153,190 2,153,190
2,239,581 2,228,502
7. Creditors: Amounts Falling Due After More Than One Year
2022 2021
£ £
Bank loans 29,167 49,167
29,167 49,167
8. Loans
An analysis of the maturity of loans is given below:
2022 2021
£ £
Amounts falling due within one year or on demand:
Bank loans 10,000 -
10,000 -
2022 2021
£ £
Amounts falling due between one and five years:
Bank loans 29,167 49,167
29,167 49,167
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9. Share Capital
2022 2021
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Disclosures
Included within creditors is a balance of £2,153,190 owed to Deutsche Property Limited, a subsidiary (2021: £2,153,190). This balance is unsecured and interest free, with no fixed repayment terms. Also included within other debtors is a balance of £597,357 (2021: £597,357) owed by Kyte Land & Property Limited, a shareholder.
Included within other debtors is a balance of £315,077 (2021: £301,077), owed by Black Communications Limited, in which Mr A Black is a director. This balance is unsecured and interest free, with no fixed repayment terms.
Included within other debtors is a balance of £3,090 (2021: £3,090), owed by Berlin Ventures Limited, in which Mr A Black is a director. This balance is unsecured and interest free, with no fixed repayment terms.
Black Communications Limited, a company with a common director, reversed management charges of (£29,000) from the company during the year.
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