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 09045490 Mr Michael Ingall Mr Charlie Ingall Mr Suresh Gorasia Versa Holdco (Investment) Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09045490 2022-12-31 09045490 2023-12-31 09045490 2023-01-01 2023-12-31 09045490 frs-core:CurrentFinancialInstruments 2023-12-31 09045490 frs-core:Non-currentFinancialInstruments 2023-12-31 09045490 frs-core:PlantMachinery 2023-12-31 09045490 frs-core:PlantMachinery 2023-01-01 2023-12-31 09045490 frs-core:PlantMachinery 2022-12-31 09045490 frs-core:SharePremium 2023-12-31 09045490 frs-core:ShareCapital 2023-12-31 09045490 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09045490 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09045490 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09045490 frs-bus:SmallEntities 2023-01-01 2023-12-31 09045490 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09045490 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09045490 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 09045490 frs-bus:OrdinaryShareClass1 2023-12-31 09045490 1 2023-01-01 2023-12-31 09045490 frs-bus:Director1 2023-01-01 2023-12-31 09045490 frs-bus:Director2 2023-01-01 2023-12-31 09045490 frs-bus:Director3 2023-01-01 2023-12-31 09045490 1 2023-01-01 2023-12-31 09045490 frs-countries:EnglandWales 2023-01-01 2023-12-31 09045490 2021-12-31 09045490 2022-12-31 09045490 2022-01-01 2022-12-31 09045490 frs-core:CurrentFinancialInstruments 2022-12-31 09045490 frs-core:Non-currentFinancialInstruments 2022-12-31 09045490 frs-core:SharePremium 2022-12-31 09045490 frs-core:ShareCapital 2022-12-31 09045490 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 09045490 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31 09045490 1 2022-01-01 2022-12-31
Registered number: 09045490
Versa (Kidd House Investments) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 09045490
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,827 22,286
Investment Properties 5 4,824,728 4,814,227
4,842,555 4,836,513
CURRENT ASSETS
Debtors 6 643,916 460,309
Cash at bank and in hand - 28,811
643,916 489,120
Creditors: Amounts Falling Due Within One Year 7 (87,016 ) (94,363 )
NET CURRENT ASSETS (LIABILITIES) 556,900 394,757
TOTAL ASSETS LESS CURRENT LIABILITIES 5,399,455 5,231,270
Creditors: Amounts Falling Due After More Than One Year 8 (2,238,646 ) (2,203,445 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (91,407 ) (91,407 )
NET ASSETS 3,069,402 2,936,418
CAPITAL AND RESERVES
Called up share capital 10 782 782
Share premium account 451 451
Income Statement 3,068,169 2,935,185
SHAREHOLDERS' FUNDS 3,069,402 2,936,418
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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 Suresh Gorasia
Director
20 September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Versa (Kidd House Investments) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09045490 . The registered office is C/O Allied London, Suite 1 Bonded Warehouse, 18 Lower Byrom Street, Manchester, Greater Manchester, M3 4AP.
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 the provisions of Financial Reporting Standard 102 Section 1A Small Entities, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 2.3).
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.
2.2. Going Concern Disclosure
The directors have assessed the financial performance and note that as at 31 December 2023 the company had net assets of £3,069,402 (2022: £2,936,418) and made a profit after taxation for the period of £132,984 (2022: £78,649).
The Directors have reviewed the financial forecasts of the Company for a period of 12 months from the date of approval of these financial statements. Based on these forecasts and cashflows, the Directors are confident that there are sufficient funds for the company to meet its obligations and liabilities as they fall due for the foreseeable future. On this basis the Directors feel that it is appropriate to prepare the financial statements on a going concern basis.
2.3. Significant judgements and estimations
In preparing these financial statements, the directors consider that there are no significant judgements in applying the accounting policies. Nor are there any key sources of uncertainty.
2.4. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.5. 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 5 to 10 years
2.6. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.7. Financial Instruments
Financial assets
Financial assets, other than investments and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at cost, less any impairment.

Financial liabilities and equity
Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form. Financial liabilities, excluding convertible debt and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at amortised cost.
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2.8. Taxation
Deferred Taxation
Deferred balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except:
• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; 
• Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and 
• Where timing differences relate to interests in subsidiaries, associates, branches and joint ventures and the group can control their reversal and such reversal is not considered probable in the foreseeable future.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax.
Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Directors 3 3
3 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 45,454
As at 31 December 2023 45,454
Depreciation
As at 1 January 2023 23,168
Provided during the period 4,459
As at 31 December 2023 27,627
Net Book Value
As at 31 December 2023 17,827
As at 1 January 2023 22,286
5. Investment Property
2023
£
Fair Value
As at 1 January 2023 4,814,227
Additions 10,501
As at 31 December 2023 4,824,728
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 72,000 -
Other debtors 22,536 22,536
Amounts owed by group undertakings 549,380 437,773
643,916 460,309
The amounts due from group undertakings and related parties are repayable on demand and not interest bearing.
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 120 -
Corporation tax 35 35
Other creditors 47,741 19,203
Accruals and deferred income 39,120 75,125
87,016 94,363
The amounts due to related parties are repayable on demand and not interest bearing.
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 2,238,646 2,203,445
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 91,407 91,407
10. Share Capital
2023 2022
Allotted, called up and fully paid £ £
782 Ordinary Shares of £ 1.000 each 782 782
11. Financial Instruments
The Company considers that the fair value of cash and cash equivalents, loans, trade and other receivables, and trade and other payables are not materially different to their carrying value. There are no financial instruments held at fair value through profit and loss.
12. Related Party Transactions
The company has taken advantage of the exemption allowed by Financial Reporting Standard 102, "Related party disclosures" Section 33.1A not to disclose details of related party transactions with entities that are 100% owned members of the same group. There are no other related party transactions other than as disclosed.
Versa Holdco (Investment) Limited
Versa (Kidd House Investments) Limited shares common directors with Versa Holdco (Investment) Limited. The company is owed £549,380 from Versa Holdco (Investment) Limited (2022: £437,773).
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13. Ultimate Controlling Party
The company's immediate parent company is Versa (Kidd House Holdings) Limited, a company registered in England & Wales. The ultimate parent company is Versa Holdco (Investment) Limited , a company registered in England & Wales.
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