Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12108622 Mr Andrew Neale Mr John Lee Mr Neil Ransome iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12108622 2023-03-31 12108622 2024-03-31 12108622 2023-04-01 2024-03-31 12108622 frs-core:CurrentFinancialInstruments 2024-03-31 12108622 frs-core:Non-currentFinancialInstruments 2024-03-31 12108622 frs-core:NetGoodwill 2024-03-31 12108622 frs-core:NetGoodwill 2023-04-01 2024-03-31 12108622 frs-core:NetGoodwill 2023-03-31 12108622 frs-core:ShareCapital 2024-03-31 12108622 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12108622 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12108622 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12108622 frs-bus:SmallEntities 2023-04-01 2024-03-31 12108622 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12108622 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12108622 frs-core:CostValuation 2023-03-31 12108622 frs-core:CostValuation 2024-03-31 12108622 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 12108622 frs-core:ImpairmentLossProvisionsForImpairmentInvestments 2024-03-31 12108622 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 12108622 frs-bus:Director1 2023-04-01 2024-03-31 12108622 frs-bus:Director2 2023-04-01 2024-03-31 12108622 frs-bus:Director3 2023-04-01 2024-03-31 12108622 frs-countries:EnglandWales 2023-04-01 2024-03-31 12108622 2022-03-31 12108622 2023-03-31 12108622 2022-04-01 2023-03-31 12108622 frs-core:CurrentFinancialInstruments 2023-03-31 12108622 frs-core:Non-currentFinancialInstruments 2023-03-31 12108622 frs-core:ShareCapital 2023-03-31 12108622 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12108622
Astute Wealth Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Meacher-Jones
Chartered Accountants
6 St John's Court
Vicars Lane
Chester
Cheshire
CH1 1QE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12108622
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,358,624 4,874,212
Investments 5 181,969 670,201
3,540,593 5,544,413
CURRENT ASSETS
Debtors 6 100 100
Cash at bank and in hand 152,598 157,985
152,698 158,085
Creditors: Amounts Falling Due Within One Year 7 (3,098,348 ) (2,730,770 )
NET CURRENT ASSETS (LIABILITIES) (2,945,650 ) (2,572,685 )
TOTAL ASSETS LESS CURRENT LIABILITIES 594,943 2,971,728
Creditors: Amounts Falling Due After More Than One Year 8 (5,033,315 ) (5,449,715 )
NET LIABILITIES (4,438,372 ) (2,477,987 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (4,438,472 ) (2,478,087 )
SHAREHOLDERS' FUNDS (4,438,372) (2,477,987)
Page 1
Page 2
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 Andrew Neale
Director
Mr Neil Ransome
Director
19 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Astute Wealth Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12108622 . The registered office is 2nd Floor, Vista Buildings, St David's Park, Ewloe, Flintshire, CH5 3DT.
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. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 5,955,433
Disposals (404,831 )
As at 31 March 2024 5,550,602
...CONTINUED
Page 3
Page 4
Amortisation
As at 1 April 2023 1,081,221
Provided during the period 1,110,757
As at 31 March 2024 2,191,978
Net Book Value
As at 31 March 2024 3,358,624
As at 1 April 2023 4,874,212
5. Investments
Other
£
Cost
As at 1 April 2023 1,232,910
As at 31 March 2024 1,232,910
Provision
As at 1 April 2023 562,709
Impairment losses 488,232
As at 31 March 2024 1,050,941
Net Book Value
As at 31 March 2024 181,969
As at 1 April 2023 670,201
6. Debtors
2024 2023
£ £
Due within one year
Called up share capital not paid 100 100
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 829,812
Accruals and deferred income 2,039 1,903
Amounts owed to associates 3,096,309 1,899,055
3,098,348 2,730,770
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,228,752 3,199,996
Accruals and deferred income 1,804,563 2,249,719
5,033,315 5,449,715
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
Page 5