Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 13310743 A Cywie P Natel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13310743 2023-04-30 13310743 2024-04-30 13310743 2023-05-01 2024-04-30 13310743 frs-core:CurrentFinancialInstruments 2024-04-30 13310743 frs-core:Non-currentFinancialInstruments 2024-04-30 13310743 frs-core:OtherReservesSubtotal 2024-04-30 13310743 frs-core:ShareCapital 2024-04-30 13310743 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 13310743 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13310743 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 13310743 frs-bus:SmallEntities 2023-05-01 2024-04-30 13310743 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13310743 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13310743 frs-core:CostValuation 2023-04-30 13310743 frs-core:AdditionsToInvestments 2024-04-30 13310743 frs-core:CostValuation 2024-04-30 13310743 frs-core:ProvisionsForImpairmentInvestments 2023-04-30 13310743 frs-core:ProvisionsForImpairmentInvestments 2024-04-30 13310743 frs-bus:Director1 2023-05-01 2024-04-30 13310743 frs-bus:Director2 2023-05-01 2024-04-30 13310743 frs-countries:EnglandWales 2023-05-01 2024-04-30 13310743 2022-04-30 13310743 2023-04-30 13310743 2022-05-01 2023-04-30 13310743 frs-core:CurrentFinancialInstruments 2023-04-30 13310743 frs-core:Non-currentFinancialInstruments 2023-04-30 13310743 frs-core:OtherReservesSubtotal 2023-04-30 13310743 frs-core:ShareCapital 2023-04-30 13310743 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 13310743
Twenty20 Holding Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13310743
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Investments 4 628,740 520,000
628,740 520,000
CURRENT ASSETS
Debtors 5 13 -
Cash at bank and in hand 13,172 9,327
13,185 9,327
Creditors: Amounts Falling Due Within One Year 6 (3,239 ) (8,749 )
NET CURRENT ASSETS (LIABILITIES) 9,946 578
TOTAL ASSETS LESS CURRENT LIABILITIES 638,686 520,578
Creditors: Amounts Falling Due After More Than One Year 7 (285,587 ) (423,332 )
NET ASSETS 353,099 97,246
CAPITAL AND RESERVES
Called up share capital 8 10 10
Other reserves 108,741 -
Profit and Loss Account 244,348 97,236
SHAREHOLDERS' FUNDS 353,099 97,246
Page 1
Page 2
For the year ending 30 April 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
P Natel
Director
6th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Twenty20 Holding Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13310743 . The registered office is 2 Old Brompton Road, Suite 151, London, SW7 3DQ.
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.
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.
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.6. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that econonic benefit will be transferred to settle the obligation and the amount of the of the obligation can be estimated reliably.
2.7. Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transactions.  At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction.  All differences are charged to profit and loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Investments
Subsidiaries
£
Cost
As at 1 May 2023 520,000
Additions 108,740
As at 30 April 2024 628,740
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 628,740
As at 1 May 2023 520,000
5. Debtors
2024 2023
as restated
£ £
Due within one year
Other debtors 13 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 1,679 1,679
Other creditors 1,560 -
Taxation and social security - 7,070
3,239 8,749
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Amounts owed to participating interests 35,941 111,000
Other creditors 249,646 312,332
285,587 423,332
The company entered into an agreement with This Advisory Ltd for a loan facility of £188,000 similarly for a term of three calendar years subject to 2% interest per annum. During the year, the loan was repaid in full.
8. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 10 10
Page 4