Acorah Software Products - Accounts Production 16.1.300 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12046658 Mr V Popov Ms V Popova iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12046658 2023-07-31 12046658 2024-07-31 12046658 2023-08-01 2024-07-31 12046658 frs-core:CurrentFinancialInstruments 2024-07-31 12046658 frs-core:ShareCapital 2024-07-31 12046658 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12046658 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12046658 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12046658 frs-bus:SmallEntities 2023-08-01 2024-07-31 12046658 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12046658 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12046658 frs-core:UnlistedNon-exchangeTraded 2024-07-31 12046658 frs-core:UnlistedNon-exchangeTraded 2023-07-31 12046658 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-31 12046658 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 12046658 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-31 12046658 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 12046658 frs-bus:Director1 2023-08-01 2024-07-31 12046658 frs-bus:Director2 2023-08-01 2024-07-31 12046658 frs-countries:EnglandWales 2023-08-01 2024-07-31 12046658 2022-07-31 12046658 2023-07-31 12046658 2022-08-01 2023-07-31 12046658 frs-core:CurrentFinancialInstruments 2023-07-31 12046658 frs-core:ShareCapital 2023-07-31 12046658 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12046658
Denali Group Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12046658
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 18,237 18,237
18,237 18,237
CURRENT ASSETS
Receivables 5 757,216 757,309
Cash at bank and in hand 38,945 40,615
796,161 797,924
Payables: Amounts Falling Due Within One Year 6 (851,201 ) (839,881 )
NET CURRENT ASSETS (LIABILITIES) (55,040 ) (41,957 )
TOTAL ASSETS LESS CURRENT LIABILITIES (36,803 ) (23,720 )
NET LIABILITIES (36,803 ) (23,720 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement (36,903 ) (23,820 )
SHAREHOLDERS' FUNDS (36,803) (23,720)
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For the year ending 31 July 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 Income Statement.
On behalf of the board
Mr V Popov
Director
17/12/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Denali Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12046658 . The registered office is Gf Ro 2nd Floor, 5 High Street, Westbury-On-Trym, Bristol, BS9 3BY.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. 
The accounts are presented in £ sterling.
2.2. Going Concern Disclosure
The directors have considered the company's financial position, liquidity and future performance together with financial projections for the company over the foreseeable future. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual financial statements.
2.3. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the financial position 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.
2.5. 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 year 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 asset reflects 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.
2.6. Investments
Non-current investments are stated at historical cost less provision for any diminution in value.
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2.7. Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees during the year was as follows: NIL (2023: NIL)
- -
4. Investments
Unlisted
£
Cost
As at 1 August 2023 18,237
As at 31 July 2024 18,237
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 18,237
As at 1 August 2023 18,237
Investments compromises investment in Closed Undiversified Venure Unit Investment Fund "Skayline" (CUVUIF "Skayline"), an entity registed in Ukraine on 15/03/21. The Fund’s shares are not traded in a public market.
5. Receivables
2024 2023
£ £
Due within one year
Other receivables 757,216 757,309
6. Payables: Amounts Falling Due Within One Year
2024 2023
£ £
Other payables 806,312 806,312
Accruals and deferred income 2,250 1,875
Directors' loan accounts 42,639 31,694
851,201 839,881
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
The company has one class of share capital which carries no right to fixed income
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8. Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.

9. Related Party Transactions
At the balance sheet date a balance of £42,639 (2023: £31,694) was due to a director of the company, V. Popov, under non interest-bearing loan.
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