Acorah Software Products - Accounts Production 16.1.200 false true false 9 June 2023 30 June 2024 30 June 2024 14927071 Prasanna Jeyaraman Prasanna Jeyaraman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14927071 2023-06-08 14927071 2024-06-30 14927071 2023-06-09 2024-06-30 14927071 frs-core:CurrentFinancialInstruments 2024-06-30 14927071 frs-core:Non-currentFinancialInstruments 2024-06-30 14927071 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 14927071 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-09 2024-06-30 14927071 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-08 14927071 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14927071 frs-bus:CompanyLimitedByGuarantee 2023-06-09 2024-06-30 14927071 frs-bus:FilletedAccounts 2023-06-09 2024-06-30 14927071 frs-bus:SmallEntities 2023-06-09 2024-06-30 14927071 frs-bus:AuditExempt-NoAccountantsReport 2023-06-09 2024-06-30 14927071 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-09 2024-06-30 14927071 frs-bus:Director1 2023-06-09 2024-06-30 14927071 frs-bus:CompanySecretary1 2023-06-09 2024-06-30 14927071 frs-countries:EnglandWales 2023-06-09 2024-06-30
Registered number: 14927071
Cyber Security And Privacy Foundation
Unaudited Financial Statements
For the Period 9 June 2023 to 30 June 2024
Wizz Accounting Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14927071
30 June 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 29,888
29,888
CURRENT ASSETS
Cash at bank and in hand 100,135
100,135
Creditors: Amounts Falling Due Within One Year 5 (504 )
NET CURRENT ASSETS (LIABILITIES) 99,631
TOTAL ASSETS LESS CURRENT LIABILITIES 129,519
Creditors: Amounts Falling Due After More Than One Year 6 (138,740 )
NET LIABILITIES (9,221 )
Income and Expenditure Account (9,221 )
MEMBERS' FUNDS (9,221)
For the period ending 30 June 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 Income and Expenditure Account.
On behalf of the board
Prasanna Jeyaraman
Director
28 January 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
Cyber Security And Privacy Foundation is a private company, limited by guarantee, incorporated in England & Wales, registered number 14927071 . The registered office is 128 City Road, London, EC1V 2NX.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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 surplus.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Intangible Assets
Development Costs
£
Cost
As at 9 June 2023 -
Additions 39,851
As at 30 June 2024 39,851
Amortisation
As at 9 June 2023 -
Provided during the period 9,963
As at 30 June 2024 9,963
Net Book Value
As at 30 June 2024 29,888
As at 9 June 2023 -
The foundation is developing open source software and it is not intending to sell for profit at this stage. The cost of this development will be capitalised and straight line amortisation will be charged over 4 years.
5. Creditors: Amounts Falling Due Within One Year
30 June 2024
£
Accruals and deferred income 504
Page 2
Page 3
6. Creditors: Amounts Falling Due After More Than One Year
30 June 2024
£
Amounts owed to participating interests 138,740
7. Related Party Transactions
Funding for software development is being provided by CySecurity Pte. Ltd.
The director of Cyber Security and Privacy Foundation is also a director of CySecurity Pte. Ltd. The director owns the voting shares in CySecurity Pte. Ltd and a controlling interest in Cyber Security and Privacy Foundation.
During the year loans of £138,740.48 were made by CySecurity Pte. Ltd to Cyber Security and Privacy Foundation and the year end balance was also £138,740.48 between the companies.
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3