Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07869810 Mr Steven Brooks Mrs Kim Vale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07869810 2022-12-31 07869810 2023-12-31 07869810 2023-01-01 2023-12-31 07869810 frs-core:CurrentFinancialInstruments 2023-12-31 07869810 frs-core:Non-currentFinancialInstruments 2023-12-31 07869810 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07869810 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07869810 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 07869810 frs-core:InvestmentPropertyIncludedWithinPPE 2023-01-01 2023-12-31 07869810 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-31 07869810 frs-core:LandBuildings 2023-12-31 07869810 frs-core:LandBuildings 2023-01-01 2023-12-31 07869810 frs-core:LandBuildings 2022-12-31 07869810 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 07869810 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07869810 frs-core:PlantMachinery 2023-12-31 07869810 frs-core:PlantMachinery 2023-01-01 2023-12-31 07869810 frs-core:PlantMachinery 2022-12-31 07869810 frs-core:RevaluationReserve 2022-12-31 07869810 frs-core:RevaluationReserve 2023-12-31 07869810 frs-core:ShareCapital 2023-12-31 07869810 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07869810 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07869810 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07869810 frs-bus:SmallEntities 2023-01-01 2023-12-31 07869810 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07869810 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07869810 frs-core:CostValuation 2022-12-31 07869810 frs-core:AdditionsToInvestments 2023-12-31 07869810 frs-core:CostValuation 2023-12-31 07869810 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 07869810 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 07869810 frs-core:UnlistedNon-exchangeTraded 2023-12-31 07869810 frs-core:UnlistedNon-exchangeTraded 2022-12-31 07869810 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 07869810 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07869810 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 07869810 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 07869810 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07869810 frs-bus:Director1 2023-01-01 2023-12-31 07869810 frs-bus:Director2 2023-01-01 2023-12-31 07869810 frs-bus:Director2 2022-12-31 07869810 frs-bus:Director2 2023-12-31 07869810 frs-countries:EnglandWales 2023-01-01 2023-12-31 07869810 2021-12-31 07869810 2022-12-31 07869810 2022-01-01 2022-12-31 07869810 frs-core:CurrentFinancialInstruments 2022-12-31 07869810 frs-core:Non-currentFinancialInstruments 2022-12-31 07869810 frs-core:RevaluationReserve 2022-12-31 07869810 frs-core:ShareCapital 2022-12-31 07869810 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07869810
S B Squared Holding Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Back Office Support Solutions Ltd
Unit 326 Canalot Studios
222 Kensal Road
London
W10 5BN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07869810
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,547,545 5,372,964
Investments 5 26,341,856 25,319,654
28,889,401 30,692,618
CURRENT ASSETS
Debtors 6 18,371,209 18,325,173
Cash at bank and in hand 2,994,725 782,321
21,365,934 19,107,494
Creditors: Amounts Falling Due Within One Year 7 (2,307,766 ) (1,957,235 )
NET CURRENT ASSETS (LIABILITIES) 19,058,168 17,150,259
TOTAL ASSETS LESS CURRENT LIABILITIES 47,947,569 47,842,877
Creditors: Amounts Falling Due After More Than One Year 8 (1,799,555 ) (1,799,555 )
NET ASSETS 46,148,014 46,043,322
CAPITAL AND RESERVES
Called up share capital 101,026 101,026
Revaluation reserve 10 46,633 46,633
Profit and Loss Account 46,000,355 45,895,663
SHAREHOLDERS' FUNDS 46,148,014 46,043,322
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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 Profit and Loss Account.
On behalf of the board
Mrs Kim Vale
Director
23rd August 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
S B Squared Holding Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07869810 . The registered office is 117 George Street, London, W1H 7HF.
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 property rentals, aircraft leasing and the rendering of services.
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:
Freehold None
Leasehold None
Plant & Machinery 10 years straight line
Fixtures & Fittings 3 and 5 years straight line
Computer Equipment 3 years straight line
2.4. 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 profit and loss account.
2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Investments
Investments in subsidiary undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
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Page 4
4. Tangible Assets
Land & Buildings Investment Properties Plant & Machinery etc. Total
£ £ £ £
Cost or Valuation
As at 1 January 2023 2,700,000 208,831 2,545,086 5,453,917
Disposals - - (2,500,000 ) (2,500,000 )
Revaluation (300,000 ) - - (300,000 )
As at 31 December 2023 2,400,000 208,831 45,086 2,653,917
Depreciation
As at 1 January 2023 - 39,093 41,860 80,953
Provided during the period - 24,387 1,032 25,419
As at 31 December 2023 - 63,480 42,892 106,372
Net Book Value
As at 31 December 2023 2,400,000 145,351 2,194 2,547,545
As at 1 January 2023 2,700,000 169,738 2,503,226 5,372,964
5. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 January 2023 12,779,198 12,540,456 25,319,654
Additions 145,718 876,484 1,022,202
As at 31 December 2023 12,924,916 13,416,940 26,341,856
Provision
As at 1 January 2023 - - -
As at 31 December 2023 - - -
Net Book Value
As at 31 December 2023 12,924,916 13,416,940 26,341,856
As at 1 January 2023 12,779,198 12,540,456 25,319,654
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 50,848 52,736
Amounts owed by group undertakings 6,337,280 4,421,003
Other debtors 11,983,081 13,851,434
18,371,209 18,325,173
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,977 731
Bank loans and overdrafts 322 1,657
Amounts owed to group undertakings 1,720,599 1,922,852
Other creditors 21,600 27,250
Taxation and social security 562,268 4,745
2,307,766 1,957,235
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 1,799,555 1,799,555
Secured Creditors:
Included within creditors falling due after one year is the loan from United Trust Bank Limited denominated in pound sterling.
The loan is secured by a fixed and floating charges over the assets of the company. It is also secured by a negative pledge.
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Steven Brooks 1,123,363 1,417,511 25,661 - 2,515,213
The above loan is unsecured, subject to interest at HMRC prevailing rate and repayable on demand. The amount of interest charged in year was £37,511 (2022:  £27,548)
10. Reserves
Revaluation Reserve
£
As at 1 January 2023 46,633
As at 31 December 2023 46,633
11. Related Party Transactions
Loans were advanced to companies where S B Squared Holding Ltd was/is a share holder or designated member. At the end of the period, the amount due to the company from various related parties was £6,337,280 (2022: 4,468,69)
In addition, companies where S B Squared Holding Ltd was/is a share holder or designated member advanced loans to S B Squared Holding Ltd. At the end of the period, the amount due from the company to various related partied was £1,720,599 (2022: £1,922,852)
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