Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11269670 Mr Christopher Hancock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11269670 2023-03-31 11269670 2024-03-31 11269670 2023-04-01 2024-03-31 11269670 frs-core:CurrentFinancialInstruments 2024-03-31 11269670 frs-core:Non-currentFinancialInstruments 2024-03-31 11269670 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 11269670 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 11269670 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 11269670 frs-core:SharePremium 2024-03-31 11269670 frs-core:ShareCapital 2024-03-31 11269670 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11269670 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11269670 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11269670 frs-bus:SmallEntities 2023-04-01 2024-03-31 11269670 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11269670 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11269670 frs-bus:Director1 2023-04-01 2024-03-31 11269670 frs-core:CurrentFinancialInstruments 1 2024-03-31 11269670 frs-core:CurrentFinancialInstruments 2 2024-03-31 11269670 frs-countries:EnglandWales 2023-04-01 2024-03-31 11269670 2022-03-31 11269670 2023-03-31 11269670 2022-04-01 2023-03-31 11269670 frs-core:CurrentFinancialInstruments 2023-03-31 11269670 frs-core:Non-currentFinancialInstruments 2023-03-31 11269670 frs-core:SharePremium 2023-03-31 11269670 frs-core:ShareCapital 2023-03-31 11269670 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 11269670 frs-core:CurrentFinancialInstruments 1 2023-03-31 11269670 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 11269670
Finblocks Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
In Hand Accounting
CIMA
167-169 Great Portland Street
Fifth Floor
London
W1W 5PF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11269670
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 156,282 201,826
156,282 201,826
CURRENT ASSETS
Debtors 5 16,356 27,407
Cash at bank and in hand - 6,818
16,356 34,225
Creditors: Amounts Falling Due Within One Year 6 (295,293 ) (172,252 )
NET CURRENT ASSETS (LIABILITIES) (278,937 ) (138,027 )
TOTAL ASSETS LESS CURRENT LIABILITIES (122,655 ) 63,799
Creditors: Amounts Falling Due After More Than One Year 7 (22,631 ) -
NET (LIABILITIES)/ASSETS (145,286 ) 63,799
CAPITAL AND RESERVES
Called up share capital 8 130 130
Share premium account 515,442 515,442
Profit and Loss Account (660,858 ) (451,773 )
SHAREHOLDERS' FUNDS (145,286) 63,799
Page 1
Page 2
For the year ending 31 March 2024 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 Christopher Hancock
Director
31/03/2024
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
Finblocks Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11269670 . The registered office is 167-169 Great Portland Street, Fifth Floor, London, W1W 5PF.
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
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.

The company can rely on the continued support of its associate Crowd2Fund Limited for a minimum of 12 months from the balance sheet signing date.
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 the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. Research and Development
Expenditure on research and development is capitlised and written off over 5 years on a straight line basis.
2.5. 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: 1 (2023: 1)
1 1
Page 3
Page 4
4. Intangible Assets
Development Costs
£
Cost
As at 1 April 2023 408,595
As at 31 March 2024 408,595
Amortisation
As at 1 April 2023 206,769
Provided during the period 45,544
As at 31 March 2024 252,313
Net Book Value
As at 31 March 2024 156,282
As at 1 April 2023 201,826
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 10,500
Prepayments and accrued income 16,356 16,907
16,356 27,407
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (299 ) 45,227
Bank loans and overdrafts 2,032 -
Net wages - 4,650
Other creditors - 476
Other creditors (1) 52,000 40,000
Other creditors (2) 30,000 30,000
Accruals and deferred income 2,500 2,000
Amounts owed to associates 209,060 -
Amounts owed to related parties - 49,899
295,293 172,252
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other taxes and social security 22,631 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 130 130
Page 4
Page 5
9. Related Party Transactions
Crowd2Fund LimitedCommon control and interlinked operationsvarious expenses paid and loans granted during the year

Crowd2Fund Limited

Common control and interlinked operations

various expenses paid and loans granted during the year

Page 5