Acorah Software Products - Accounts Production 14.5.601 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 12600468 Mr Naji Kassir iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12600468 2023-04-30 12600468 2024-04-30 12600468 2023-05-01 2024-04-30 12600468 frs-core:CurrentFinancialInstruments 2024-04-30 12600468 frs-core:ComputerEquipment 2024-04-30 12600468 frs-core:ComputerEquipment 2023-05-01 2024-04-30 12600468 frs-core:ComputerEquipment 2023-04-30 12600468 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-30 12600468 frs-core:InvestmentPropertyIncludedWithinPPE 2023-05-01 2024-04-30 12600468 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-30 12600468 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 12600468 frs-core:ShareCapital 2024-04-30 12600468 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 12600468 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12600468 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 12600468 frs-bus:SmallEntities 2023-05-01 2024-04-30 12600468 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 12600468 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12600468 frs-bus:Director1 2023-05-01 2024-04-30 12600468 frs-core:CurrentFinancialInstruments 1 2024-04-30 12600468 frs-countries:EnglandWales 2023-05-01 2024-04-30 12600468 2022-04-30 12600468 2023-04-30 12600468 2022-05-01 2023-04-30 12600468 frs-core:CurrentFinancialInstruments 2023-04-30 12600468 frs-core:ShareCapital 2023-04-30 12600468 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 12600468 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 12600468
QC CAPITAL LIMITED
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: 12600468
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,207,457 1,640,166
1,207,457 1,640,166
CURRENT ASSETS
Debtors 5 1,621,993 25,486
Cash at bank and in hand 181,529 157,919
1,803,522 183,405
Creditors: Amounts Falling Due Within One Year 6 (3,533,150 ) (2,223,190 )
NET CURRENT ASSETS (LIABILITIES) (1,729,628 ) (2,039,785 )
TOTAL ASSETS LESS CURRENT LIABILITIES (522,171 ) (399,619 )
NET LIABILITIES (522,171 ) (399,619 )
CAPITAL AND RESERVES
Called up share capital 7 300 300
Profit and Loss Account (522,471 ) (399,919 )
SHAREHOLDERS' FUNDS (522,171) (399,619)
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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 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.
On behalf of the board
Mr Naji Kassir
Director
06/01/2025
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
QC CAPITAL LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12600468 . The registered office is 121 Harley Street, 3rd Floor, London, England, W1G 6AX.
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. Going Concern Disclosure
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover represents rent receivable net of VAT which falls due in the period to which it relates.
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:
Freehold 0
Computer Equipment 20% Straight Line
2.5. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit and loss account.
2.6. 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.
2.7. Employee Benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
3. Average Number of Employees
Average number of employees, including director, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Investment Properties Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 1,639,011 2,205 1,641,216
Additions 1,206,743 - 1,206,743
Disposals (1,639,011 ) - (1,639,011 )
As at 30 April 2024 1,206,743 2,205 1,208,948
Depreciation
As at 1 May 2023 - 1,050 1,050
Provided during the period - 441 441
As at 30 April 2024 - 1,491 1,491
Net Book Value
As at 30 April 2024 1,206,743 714 1,207,457
As at 1 May 2023 1,639,011 1,155 1,640,166
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,872 5,153
Other debtors 1,601,721 13,389
VAT 18,199 6,743
Net wages 201 201
1,621,993 25,486
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 436 436
Other taxes and social security 103 103
Other creditors 3,455,001 2,145,041
Pensions Payable 73,610 73,610
Accruals and deferred income 4,000 4,000
3,533,150 2,223,190
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
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