Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12634903 Mr S Ur-Rehman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12634903 2023-03-31 12634903 2024-03-31 12634903 2023-04-01 2024-03-31 12634903 frs-core:ShareCapital 2024-03-31 12634903 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12634903 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12634903 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 12634903 frs-bus:SmallEntities 2023-04-01 2024-03-31 12634903 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12634903 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12634903 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 12634903 frs-bus:OrdinaryShareClass2 2024-03-31 12634903 frs-core:CostValuation 2023-03-31 12634903 frs-core:AdditionsToInvestments 2024-03-31 12634903 frs-core:DisposalsRepaymentsInvestments 2024-03-31 12634903 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-03-31 12634903 frs-core:CostValuation 2024-03-31 12634903 frs-bus:Director1 2023-04-01 2024-03-31 12634903 frs-countries:EnglandWales 2023-04-01 2024-03-31 12634903 2022-03-31 12634903 2023-03-31 12634903 2022-04-01 2023-03-31 12634903 frs-core:ShareCapital 2023-03-31 12634903 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 12634903 frs-bus:OrdinaryShareClass2 2022-04-01 2023-03-31
Registered number: 12634903
Vermillion Investments Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: 12634903
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 461,001 289,818
461,001 289,818
CURRENT ASSETS
Cash at bank and in hand 1,162 678
1,162 678
Creditors: Amounts Falling Due Within One Year (422,600 ) (291,635 )
NET CURRENT ASSETS (LIABILITIES) (421,438 ) (290,957 )
TOTAL ASSETS LESS CURRENT LIABILITIES 39,563 (1,139 )
NET ASSETS/(LIABILITIES) 39,563 (1,139 )
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 39,463 (1,239 )
SHAREHOLDERS' FUNDS 39,563 (1,139)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr S Ur-Rehman
Director
20/11/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Vermillion Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12634903 . The registered office is Lodge Park, Lodge Lane, Langham, Colchester, Essex, CO4 5NE.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investments
Total
£
Cost
As at 1 April 2023 289,818
Additions 143,442
Disposals (5,882 )
Revaluations 33,623
As at 31 March 2024 461,001
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 461,001
As at 1 April 2023 289,818
5. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 1.00 each 100 100
Page 3