Acorah Software Products - Accounts Production 16.1.200 false true true 31 December 2022 1 July 2021 false 16 December 2024 1 January 2023 31 December 2023 31 December 2023 11416684 R Cerezo Z Zhairallah Jtc (UK) Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11416684 2022-12-31 11416684 2023-12-31 11416684 2023-01-01 2023-12-31 11416684 frs-core:CurrentFinancialInstruments 2023-12-31 11416684 frs-core:ComputerEquipment 2023-12-31 11416684 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11416684 frs-core:ComputerEquipment 2022-12-31 11416684 frs-core:ShareCapital 2023-12-31 11416684 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11416684 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11416684 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11416684 frs-bus:SmallEntities 2023-01-01 2023-12-31 11416684 frs-bus:Audited 2023-01-01 2023-12-31 11416684 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11416684 1 2023-01-01 2023-12-31 11416684 frs-bus:Director1 2023-01-01 2023-12-31 11416684 frs-bus:Director2 2023-01-01 2023-12-31 11416684 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 11416684 frs-countries:EnglandWales 2023-01-01 2023-12-31 11416684 2021-06-30 11416684 2022-12-31 11416684 2021-07-01 2022-12-31 11416684 frs-core:CurrentFinancialInstruments 2022-12-31 11416684 frs-core:WithinOneYear 2022-12-31 11416684 frs-core:ShareCapital 2022-12-31 11416684 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11416684
Stoneweg Capital Advisers Ltd.
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 11416684
31 December 2023 31 December 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 - 570
- 570
CURRENT ASSETS
Debtors 6 736,287 34,741
Cash at bank and in hand 28,504 32,253
764,791 66,994
Creditors: Amounts Falling Due Within One Year 7 (754,565 ) (350,527 )
NET CURRENT ASSETS (LIABILITIES) 10,226 (283,533 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,226 (282,963 )
NET ASSETS/(LIABILITIES) 10,226 (282,963 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 10,126 (283,063 )
SHAREHOLDERS' FUNDS 10,226 (282,963)
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
R Cerezo
Director
16 December 2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Stoneweg Capital Advisers Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 11416684 . The registered office is The Scalpel, 18th Floor, 52 Lime Street, London, EC3M 7AF.
The presentation currency of the financial statements is Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention.
The company changed its accounting period end from 30 June 2022 to 31 December 2022. Accordingly, the comparatives to these financial statements are for the 18 month period from 1 July 2021 to 31 December 2022. The current period is for the 12 months to 31 December 2023.
2.2. Going Concern Disclosure
The company is dependent on financial support from group undertakings. The parent undertaking has confirmed it will continue to provide financial support to ensure the company can fulfil its financial obligations that arise in the normal course of business for the forseeable future. Therefore, the directors consider it appropriate to prepare the accounts on the going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised when services are performed.
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:
Computer Equipment 50% straight line
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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Page 3
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 4)
2 4
4. Prior Period Adjustment
The prior year has been adjusted to reclassify £12,500 from trade debtors to amounts owed by group undertakings in debtors.
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 2,901
As at 31 December 2023 2,901
Depreciation
As at 1 January 2023 2,331
Provided during the period 570
As at 31 December 2023 2,901
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 570
6. Debtors
31 December 2023 31 December 2022
as restated
£ £
Due within one year
Amounts owed by group undertakings 736,280 12,500
Other debtors 7 22,241
736,287 34,741
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
as restated
£ £
Amounts owed to group undertakings 731,155 326,502
Other creditors 3,432 19,119
Taxation and social security 19,978 4,906
754,565 350,527
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Page 4
8. Share Capital
31 December 2023 31 December 2022
as restated
£ £
Allotted, Called up and fully paid 100 100
Share capital comprises 100 ordinary shares of £1 each.
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2023 31 December 2022
as restated
£ £
Not later than one year - 57,816
- 57,816
10. Ultimate Controlling Party
The ultimate parent company is Stoneweg SA, which is incorporated in Switzerland.
11. Audit Information
The auditor's report on the accounts of Stoneweg Capital Advisers Ltd. for the year ended 31 December 2023 was unqualified.
The auditor's report was signed by Frank Harling (Senior Statutory Auditor) for and on behalf of Ward Williams Limited , Statutory Auditor.
Ward Williams Limited
Belgrave House
39-43 Mounment Hill
Weybridge
Surrey
KT13 8RN
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