Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11171612 Anouar Adham Ali Ait Hssain Khawzan Capital Limited Chester House 2nd Floor, Office 220, 81-83 Fulham High Street, London, England, SW6 3JA true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11171612 2023-01-31 11171612 2024-01-31 11171612 2023-02-01 2024-01-31 11171612 frs-core:ShareCapital 2024-01-31 11171612 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11171612 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11171612 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11171612 frs-bus:SmallEntities 2023-02-01 2024-01-31 11171612 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11171612 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11171612 1 2023-02-01 2024-01-31 11171612 frs-core:UnlistedNon-exchangeTraded 2024-01-31 11171612 frs-core:UnlistedNon-exchangeTraded 2023-01-31 11171612 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-01-31 11171612 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 11171612 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 11171612 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-01-31 11171612 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-01-31 11171612 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 11171612 frs-bus:Director1 2023-02-01 2024-01-31 11171612 frs-bus:Director2 2023-02-01 2024-01-31 11171612 frs-countries:EnglandWales 2023-02-01 2024-01-31 11171612 2022-01-31 11171612 2023-01-31 11171612 2022-02-01 2023-01-31 11171612 frs-core:CurrentFinancialInstruments 2023-01-31 11171612 frs-core:ShareCapital 2023-01-31 11171612 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11171612
Mercy Next Moon Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11171612
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 - 186,811
- 186,811
CURRENT ASSETS
Debtors 5 16,606 163,162
16,606 163,162
Creditors: Amounts Falling Due Within One Year 6 - (1,808 )
NET CURRENT ASSETS (LIABILITIES) 16,606 161,354
TOTAL ASSETS LESS CURRENT LIABILITIES 16,606 348,165
NET ASSETS 16,606 348,165
CAPITAL AND RESERVES
Called up share capital 7 1 328,085
Profit and Loss Account 16,605 20,080
SHAREHOLDERS' FUNDS 16,606 348,165
For the year ending 31 January 2024 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
Anouar Adham
Director
28 October 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Mercy Next Moon Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11171612 . The registered office is 5th Floor, Office 510 Riverbank House, 1 Putney Bridge Approach, London, United Kingdom, SW6 3JD.
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
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Dividends income
Revenue is recognised when the right to receive payment is established.
2.3. Investment Properties
Investment properties, including freehold and long leasehold properties, are those which are held either to earn rental income or for capital appreciation or both. Investment properties include property that is being constructed or developed for future use as an investment property.
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.
Investment properties whose fair value can be measured reliably are measured at fair value, based on the market valuations.
Any surplus or deficit on revaluation is recognised in the income statement as a fair value gains and losses.
2.4. Taxation
Tax on profit 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 year 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 asset reflects 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.
2.5. Investments
Investments in unlisted company shares are recognized at cost less impairment as the fair value cannot be measured reliably. Any impairment loss in relation to the investment is recognized in the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 2
Page 3
4. Investments
Unlisted
£
Cost
As at 1 February 2023 186,811
Additions 144,230
Disposals (331,041 )
As at 31 January 2024 -
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 186,811
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 505
Amounts owed by other related parties 16,606 162,657
16,606 163,162
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 1,808
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 328,085
8. Related Party Transactions
Included in debtors due within one year is an amount of £16,606 (2023: £162,657) owed by the companies in which the director has beneficial interest. The amount is interest free and receivable on demand.
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Khawzan Capital Limited . Khawzan Capital Limited was incorporated in England and Wales. Copies of the parent company's financial statements may be obtained from the secretary, Chester House 2nd Floor, Office 220, 81-83 Fulham High Street, London, England, SW6 3JA .
10. Difference in share capital
The share capital of the company has been reduced from £328,085 to £1. Out of reduced share capital of £328,084, share capital of £2,156 have been repaid through cash payment to the shareholders. For the remaining shares of £325,928, the company has not paid any consideration. As such rather than reduction, it has been considered that the company has cancelled the remaining shares. The company is currently in the process of filing the necessary paperwork to reflect the required changes. Hence, it has currently been recorded as difference in share capital in the financials.
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