Acorah Software Products - Accounts Production 14.6.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 3751981 Mr William Owen true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 3751981 2023-09-30 3751981 2024-09-30 3751981 2023-10-01 2024-09-30 3751981 frs-core:Non-currentFinancialInstruments 2024-09-30 3751981 frs-core:ShareCapital 2024-09-30 3751981 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 3751981 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 3751981 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 3751981 frs-bus:SmallEntities 2023-10-01 2024-09-30 3751981 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 3751981 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 3751981 1 2023-10-01 2024-09-30 3751981 frs-bus:Director1 2023-10-01 2024-09-30 3751981 frs-countries:EnglandWales 2023-10-01 2024-09-30 3751981 2022-09-30 3751981 2023-09-30 3751981 2022-10-01 2023-09-30 3751981 frs-core:Non-currentFinancialInstruments 2023-09-30 3751981 frs-core:ShareCapital 2023-09-30 3751981 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 3751981
Funds Exchange Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 3751981
2024 2023
Notes £ £ £ £
Creditors: Amounts Falling Due After More Than One Year 4 (557,461 ) (557,461 )
NET LIABILITIES (557,461 ) (557,461 )
CAPITAL AND RESERVES
Called up share capital 5 510 510
Profit and Loss Account (557,971 ) (557,971 )
SHAREHOLDERS' FUNDS (557,461) (557,461)
For the year ending 30 September 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 William Owen
Director
09/10/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
The Funds Exchange Ltd is a limited by shares company incorporated in England and Wales No 03751981
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
There were no sales during the year.
2.3. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to associates 557,461 557,461
557,461 557,461
The sole creditor was William Owen
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 510 510
6. Ultimate Controlling Party
The company's ultimate controlling party is William Owen by virtue of his ownership of 52% of the issued share capital in Worldtown Ltd which owns 100% of the Company.
Page 2