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Registered number: 12288914
Gotham Newco 3 Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
More Group (Accounting) Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12288914
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 688,500 765,000
Tangible Assets 5 342,721 404,525
1,031,221 1,169,525
CURRENT ASSETS
Stocks 6 21,000 21,000
Debtors 7 130,915 372,192
Cash at bank and in hand 30,396 4,512
182,311 397,704
Creditors: Amounts Falling Due Within One Year 8 (1,230,559 ) (1,502,234 )
NET CURRENT ASSETS (LIABILITIES) (1,048,248 ) (1,104,530 )
TOTAL ASSETS LESS CURRENT LIABILITIES (17,027 ) 64,995
PROVISIONS FOR LIABILITIES
Deferred Taxation (45,943 ) (34,200 )
NET (LIABILITIES)/ASSETS (62,970 ) 30,795
CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 850,000 850,000
Profit and Loss Account (912,971 ) (819,206 )
SHAREHOLDERS' FUNDS (62,970) 30,795
Page 1
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 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. Nadeem Iqbal
Director
13/08/2024
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
Gotham Newco 3 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12288914 . The registered office is 65 Compton Street, London, EC1V 0BN.
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. Going Concern Disclosure
This accounts have been prepared on the going concern basis, on the understanding that the directors will continue to financially support the company during this uncertain period.
2.3. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
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 20% on Straight Line Method
Fixtures & Fittings 10% on Straight Line Method
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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.
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: 170 (2022: 170)
170 170
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 850,000
As at 31 December 2023 850,000
Amortisation
As at 1 January 2023 85,000
Provided during the period 76,500
As at 31 December 2023 161,500
Net Book Value
As at 31 December 2023 688,500
As at 1 January 2023 765,000
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 190,046 268,494 458,540
Additions - 3,187 3,187
As at 31 December 2023 190,046 271,681 461,727
Depreciation
As at 1 January 2023 11,173 42,842 54,015
Provided during the period 38,009 26,982 64,991
As at 31 December 2023 49,182 69,824 119,006
Net Book Value
As at 31 December 2023 140,864 201,857 342,721
As at 1 January 2023 178,873 225,652 404,525
6. Stocks
2023 2022
£ £
Materials 21,000 21,000
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 99,510 85,984
Other debtors - 75,208
Amounts owed by related parties 31,405 211,000
130,915 372,192
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 866,260 1,167,217
Other taxes and social security 117,495 55,670
VAT 121,066 51,709
Net wages 88,020 143,436
Director's loan account 17,718 64,202
Amounts owed to related parties 20,000 20,000
1,230,559 1,502,234
9. Share Capital
2023 2022
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
10. Reserves
Revaluation Reserve
£
As at 1 January 2023 850,000
As at 31 December 2023 850,000
11. Related Party Transactions
As at the balance sheet date, the company owed £ 100,000 (2021: £100,000) from Arry Corp Limited,which is a company under common director control as interest free working capital loan and is repayable on demand
As at the balance sheet date, the company owed £111,000 (2021: Nil) from Inayya Corp Limited, which is a company under common director control as interest free working capital loan and is repayable on demand. 
As at the balance sheet date, the company owed £20,000 (2021 : £70,000) to IISAA Limited, which is a company under common director control as interest free working capital loan and is repayable on demand.
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