Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 NI635559 Miss Alexandra Morgan Miss Harriet Morgan Mr Richard Morgan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI635559 2023-12-31 NI635559 2024-12-31 NI635559 2024-01-01 2024-12-31 NI635559 frs-core:CurrentFinancialInstruments 2024-12-31 NI635559 frs-core:Non-currentFinancialInstruments 2024-12-31 NI635559 frs-core:RevaluationReserve 2023-12-31 NI635559 frs-core:RevaluationReserve 2024-12-31 NI635559 frs-core:ShareCapital 2024-12-31 NI635559 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI635559 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI635559 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 NI635559 frs-bus:SmallEntities 2024-01-01 2024-12-31 NI635559 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI635559 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI635559 frs-bus:Director1 2024-01-01 2024-12-31 NI635559 frs-bus:Director2 2024-01-01 2024-12-31 NI635559 frs-bus:Director3 2024-01-01 2024-12-31 NI635559 frs-countries:NorthernIreland 2024-01-01 2024-12-31 NI635559 2022-12-31 NI635559 2023-12-31 NI635559 2023-01-01 2023-12-31 NI635559 frs-core:CurrentFinancialInstruments 2023-12-31 NI635559 frs-core:Non-currentFinancialInstruments 2023-12-31 NI635559 frs-core:RevaluationReserve 2023-12-31 NI635559 frs-core:ShareCapital 2023-12-31 NI635559 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: NI635559
Siren Investments Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Pass Associates
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: NI635559
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 169,500 169,500
Debtors 5 - 1,620
Cash at bank and in hand 113 3,791
169,613 174,911
Creditors: Amounts Falling Due Within One Year 6 (182,661 ) (123,772 )
NET CURRENT ASSETS (LIABILITIES) (13,048 ) 51,139
TOTAL ASSETS LESS CURRENT LIABILITIES (13,048 ) 51,139
Creditors: Amounts Falling Due After More Than One Year 7 (34,656 ) (73,215 )
NET LIABILITIES (47,704 ) (22,076 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Revaluation reserve 9 (34,656 ) (34,656 )
Profit and Loss Account (13,049 ) 12,579
SHAREHOLDERS' FUNDS (47,704) (22,076)
For the year ending 31 December 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 Richard Morgan
Director
08/01/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Siren Investments Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI635559 . The registered office is 119 Comber Road , Hillsborough, BT26 6NA.
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. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Stocks
2024 2023
£ £
Finished goods 169,500 169,500
5. Debtors
2024 2023
£ £
Due within one year
Pension scheme prepayments - 1,620
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 1
Other creditors 181,436 -
Accruals and deferred income 1,224 -
Directors' loan accounts - 123,771
182,661 123,772
Page 2
Page 3
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 72,302
Other creditors 34,656 913
34,656 73,215
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Reserves
Revaluation Reserve
£
As at 1 January 2024 (34,656 )
As at 31 December 2024 (34,656 )
Page 3