Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12016502 Mr P Lloyd Mr C Turnbull iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12016502 2023-03-31 12016502 2024-03-31 12016502 2023-04-01 2024-03-31 12016502 frs-core:CurrentFinancialInstruments 2024-03-31 12016502 frs-core:Non-currentFinancialInstruments 2024-03-31 12016502 frs-core:ShareCapital 2024-03-31 12016502 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12016502 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12016502 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12016502 frs-bus:SmallEntities 2023-04-01 2024-03-31 12016502 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12016502 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12016502 frs-core:UnlistedNon-exchangeTraded 2024-03-31 12016502 frs-core:UnlistedNon-exchangeTraded 2023-03-31 12016502 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 12016502 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 12016502 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 12016502 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 12016502 frs-bus:Director1 2023-04-01 2024-03-31 12016502 frs-bus:Director2 2023-04-01 2024-03-31 12016502 frs-core:CurrentFinancialInstruments 9 2024-03-31 12016502 frs-countries:EnglandWales 2023-04-01 2024-03-31 12016502 2022-03-31 12016502 2023-03-31 12016502 2022-04-01 2023-03-31 12016502 frs-core:CurrentFinancialInstruments 2023-03-31 12016502 frs-core:Non-currentFinancialInstruments 2023-03-31 12016502 frs-core:ShareCapital 2023-03-31 12016502 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 12016502 frs-core:CurrentFinancialInstruments 9 2023-03-31
Registered number: 12016502
Pinnacle Fund Management Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
djca Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Pinnacle Fund Management Ltd For The Year Ended 31 March 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Pinnacle Fund Management Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Pinnacle Fund Management Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Pinnacle Fund Management Ltd and state those matters that we have agreed to state to the directors of Pinnacle Fund Management Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pinnacle Fund Management Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Pinnacle Fund Management Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Pinnacle Fund Management Ltd . You consider that Pinnacle Fund Management Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Pinnacle Fund Management Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Robert Fiford FCCA
13/11/2024
djca Limited
ACCA
154-160 Fleet Street
London
EC4A 2DQ
Page 1
Page 2
Balance Sheet
Registered number: 12016502
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 436,118 436,118
436,118 436,118
CURRENT ASSETS
Debtors 5 100 100
100 100
Creditors: Amounts Falling Due Within One Year 6 (154,254 ) (150,554 )
NET CURRENT ASSETS (LIABILITIES) (154,154 ) (150,454 )
TOTAL ASSETS LESS CURRENT LIABILITIES 281,964 285,664
Creditors: Amounts Falling Due After More Than One Year 7 (310,000 ) (310,000 )
NET LIABILITIES (28,036 ) (24,336 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (28,136 ) (24,436 )
SHAREHOLDERS' FUNDS (28,036) (24,336)
Page 2
Page 3
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 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 Turnbull
Director
12/11/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Pinnacle Fund Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12016502 . The registered office is 8th Floor Holborn Tower, 137-144 High Holborn, London, WC1V 6PL.
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. Investments
Investments in shares are included at fair value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Unlisted
£
Cost
As at 1 April 2023 436,118
As at 31 March 2024 436,118
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 436,118
As at 1 April 2023 436,118
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 100 100
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 2,519 2,519
Amounts owed to group undertakings 151,735 148,035
154,254 150,554
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 310,000 310,000
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
At the balance sheet date amounts totalling £0 (2023: £0) were owed to the company by Pinnacle Invesment Management Limited, a company incorporated in Guernsey and controlled by Pinnacle Fund Management Limited, with regards to a working capital loan.
At the balance sheet date, amounts totalling £461,735 (2023: £458,035) were owed to Pinnacle Investments (Holdings) Limited, a group company incorporated in England and Wales, in respect of loans.
Page 5