Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10271813 Mr A R Larrington Mrs B K Larrington Mr C Larrington Mrs E J Larrington iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10271813 2023-07-31 10271813 2024-07-31 10271813 2023-08-01 2024-07-31 10271813 frs-core:CurrentFinancialInstruments 2024-07-31 10271813 frs-core:Non-currentFinancialInstruments 2024-07-31 10271813 frs-core:ComputerEquipment 2024-07-31 10271813 frs-core:ComputerEquipment 2023-08-01 2024-07-31 10271813 frs-core:ComputerEquipment 2023-07-31 10271813 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-01 2024-07-31 10271813 frs-core:MotorVehicles 2024-07-31 10271813 frs-core:MotorVehicles 2023-08-01 2024-07-31 10271813 frs-core:MotorVehicles 2023-07-31 10271813 frs-core:OtherResidualIntangibleAssets 2024-07-31 10271813 frs-core:OtherResidualIntangibleAssets 2023-08-01 2024-07-31 10271813 frs-core:OtherResidualIntangibleAssets 2023-07-31 10271813 frs-core:ShareCapital 2024-07-31 10271813 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10271813 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10271813 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10271813 frs-bus:SmallEntities 2023-08-01 2024-07-31 10271813 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10271813 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10271813 frs-core:CostValuation 2023-07-31 10271813 frs-core:CostValuation 2024-07-31 10271813 frs-core:ProvisionsForImpairmentInvestments 2023-07-31 10271813 frs-core:ProvisionsForImpairmentInvestments 2024-07-31 10271813 frs-bus:Director1 2023-08-01 2024-07-31 10271813 frs-bus:Director2 2023-08-01 2024-07-31 10271813 frs-bus:Director3 2023-08-01 2024-07-31 10271813 frs-bus:Director4 2023-08-01 2024-07-31 10271813 frs-countries:EnglandWales 2023-08-01 2024-07-31 10271813 2022-07-31 10271813 2023-07-31 10271813 2022-08-01 2023-07-31 10271813 frs-core:CurrentFinancialInstruments 2023-07-31 10271813 frs-core:Non-currentFinancialInstruments 2023-07-31 10271813 frs-core:ShareCapital 2023-07-31 10271813 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 10271813
P.P.V. Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10271813
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 144,069 77,238
Tangible Assets 5 49,396 69,122
Investments 6 51 51
193,516 146,411
CURRENT ASSETS
Debtors 7 2,833,482 2,827,982
Cash at bank and in hand 646,088 563,234
3,479,570 3,391,216
Creditors: Amounts Falling Due Within One Year 8 (18,074 ) (42,652 )
NET CURRENT ASSETS (LIABILITIES) 3,461,496 3,348,564
TOTAL ASSETS LESS CURRENT LIABILITIES 3,655,012 3,494,975
Creditors: Amounts Falling Due After More Than One Year 9 (32,288 ) (20,489 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,362 ) (13,133 )
NET ASSETS 3,605,362 3,461,353
CAPITAL AND RESERVES
Called up share capital 10 204 204
Profit and Loss Account 3,605,158 3,461,149
SHAREHOLDERS' FUNDS 3,605,362 3,461,353
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For the year ending 31 July 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
Mr C Larrington
Director
14 November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
P.P.V. Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10271813 . The registered office is 62 Main Street, Yaxley, Peterborough, PE7 3LU.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Cryptocurrencies.
Cryptocurrencies are initially recognised at cost. After recognition, under the revaluation model, they are measured at cost less any accumulated impairment losses. At each reporting date the company assesses whether there is any indication of impairment. If such indication existed, the recoverable amount of the asset is determined which is higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. As cryptocurrencies are designed to act as a store of value over time, they are considered to have an indefinate life.
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:
Motor vehicles 20% Reducing balance
Computer equipment 20% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
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2.6. Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2.7. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.8. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.9. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method
2.10. Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. 
2.11. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. 
2.12. Interest income
Interest income is recognised in the profit and loss using the effective interest method. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Crypto Currency
£
Cost
As at 1 August 2023 102,086
As at 31 July 2024 102,086
Amortisation
As at 1 August 2023 24,848
Reversal of past impairments (66,831 )
As at 31 July 2024 (41,983 )
Net Book Value
As at 31 July 2024 144,069
As at 1 August 2023 77,238
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5. Tangible Assets
Motor vehicles Computer equipment Total
£ £ £
Cost
As at 1 August 2023 144,005 - 144,005
Additions 52,593 325 52,918
Disposals (144,005 ) - (144,005 )
As at 31 July 2024 52,593 325 52,918
Depreciation
As at 1 August 2023 74,883 - 74,883
Provided during the period 3,500 22 3,522
Disposals (74,883 ) - (74,883 )
As at 31 July 2024 3,500 22 3,522
Net Book Value
As at 31 July 2024 49,093 303 49,396
As at 1 August 2023 69,122 - 69,122
6. Investments
Subsidiaries
£
Cost
As at 1 August 2023 51
As at 31 July 2024 51
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 51
As at 1 August 2023 51
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,833,482 2,827,982
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,911 28,552
Other creditors 14,163 14,100
18,074 42,652
Obligations under finance lease and hire purchase contracts of £3,911 (2023: £28,552), due within one year, are secured by the company.
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 32,288 20,489
Obligations under finance lease and hire purchase contracts of £32,288 (2023: £20,489), due after more than one year, are secured by the company
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 204 204
11. Related Party Transactions
During the year, the company loaned £Nil (2023: £467,300) to a company under common control. The rate of interest charged is 0%. At the balance sheet date £2,827,705 (2023:£2,827,705) was still outstanding and is presented within other debtors.
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