Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 08181136 Mr James Rankin Mrs Zeta Rankin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08181136 2023-02-28 08181136 2024-02-29 08181136 2023-03-01 2024-02-29 08181136 frs-core:CurrentFinancialInstruments 2024-02-29 08181136 frs-core:Non-currentFinancialInstruments 2024-02-29 08181136 frs-core:BetweenOneFiveYears 2024-02-29 08181136 frs-core:ComputerEquipment 2024-02-29 08181136 frs-core:ComputerEquipment 2023-03-01 2024-02-29 08181136 frs-core:ComputerEquipment 2023-02-28 08181136 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 08181136 frs-core:MotorVehicles 2024-02-29 08181136 frs-core:MotorVehicles 2023-03-01 2024-02-29 08181136 frs-core:MotorVehicles 2023-02-28 08181136 frs-core:OtherResidualIntangibleAssets 2024-02-29 08181136 frs-core:OtherResidualIntangibleAssets 2023-02-28 08181136 frs-core:PlantMachinery 2024-02-29 08181136 frs-core:PlantMachinery 2023-03-01 2024-02-29 08181136 frs-core:PlantMachinery 2023-02-28 08181136 frs-core:WithinOneYear 2024-02-29 08181136 frs-core:ShareCapital 2024-02-29 08181136 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 08181136 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08181136 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08181136 frs-bus:SmallEntities 2023-03-01 2024-02-29 08181136 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08181136 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08181136 frs-core:CostValuation 2023-02-28 08181136 frs-core:CostValuation 2024-02-29 08181136 frs-core:ProvisionsForImpairmentInvestments 2023-02-28 08181136 frs-core:ProvisionsForImpairmentInvestments 2024-02-29 08181136 frs-bus:Director1 2023-03-01 2024-02-29 08181136 frs-bus:Director2 2023-03-01 2024-02-29 08181136 frs-countries:EnglandWales 2023-03-01 2024-02-29 08181136 2022-02-28 08181136 2023-02-28 08181136 2022-03-01 2023-02-28 08181136 frs-core:CurrentFinancialInstruments 2023-02-28 08181136 frs-core:Non-currentFinancialInstruments 2023-02-28 08181136 frs-core:BetweenOneFiveYears 2023-02-28 08181136 frs-core:WithinOneYear 2023-02-28 08181136 frs-core:ShareCapital 2023-02-28 08181136 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08181136
Not Your Typical Ventures Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08181136
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,000 10,000
Tangible Assets 5 117,395 165,547
Investment Properties 6 3,370,741 3,370,741
Investments 7 2,500 2,500
3,500,636 3,548,788
CURRENT ASSETS
Debtors 8 624,807 550,776
Cash at bank and in hand 474,697 47,361
1,099,504 598,137
Creditors: Amounts Falling Due Within One Year 9 (555,306 ) (493,004 )
NET CURRENT ASSETS (LIABILITIES) 544,198 105,133
TOTAL ASSETS LESS CURRENT LIABILITIES 4,044,834 3,653,921
Creditors: Amounts Falling Due After More Than One Year 10 (59,069 ) (87,422 )
NET ASSETS 3,985,765 3,566,499
CAPITAL AND RESERVES
Called up share capital 12 2 2
Profit and Loss Account 3,985,763 3,566,497
SHAREHOLDERS' FUNDS 3,985,765 3,566,499
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Page 2
For the year ending 29 February 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 James Rankin
Director
21 October 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Not Your Typical Ventures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08181136 . The registered office is 5 Kingswear Drive, Broughton, Milton Keynes, MK10 9NZ.
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
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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:
Plant & Machinery 33.33% straight line
Motor Vehicles 33.33% reducing balance
Computer Equipment 25% straight line
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Investments
2.7. 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.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.9. 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: 6 (2023: )
6 -
4. Intangible Assets
Other
£
Cost
As at 1 March 2023 10,000
As at 29 February 2024 10,000
Net Book Value
As at 29 February 2024 10,000
As at 1 March 2023 10,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 70,405 194,744 23,107 288,256
Additions - - 5,270 5,270
As at 29 February 2024 70,405 194,744 28,377 293,526
Depreciation
As at 1 March 2023 42,637 74,295 5,777 122,709
Provided during the period 11,031 35,297 7,094 53,422
As at 29 February 2024 53,668 109,592 12,871 176,131
Net Book Value
As at 29 February 2024 16,737 85,152 15,506 117,395
As at 1 March 2023 27,768 120,449 17,330 165,547
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Page 5
6. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 29 February 2024 3,370,741
7. Investments
Other
£
Cost
As at 1 March 2023 2,500
As at 29 February 2024 2,500
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 2,500
As at 1 March 2023 2,500
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 49,559 27,495
Other debtors 575,248 523,281
624,807 550,776
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 28,353 28,353
Trade creditors 1,200 -
Other creditors 380,612 269,837
Taxation and social security 145,141 194,814
555,306 493,004
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 59,069 87,422
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11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 28,353 28,353
Later than one year and not later than five years 59,069 87,422
87,422 115,775
87,422 115,775
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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