Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11559950 Mr Edoardo Spina Ms Lingchen Tan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11559950 2022-12-31 11559950 2023-12-31 11559950 2023-01-01 2023-12-31 11559950 frs-core:CurrentFinancialInstruments 2023-12-31 11559950 frs-core:ComputerEquipment 2023-12-31 11559950 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11559950 frs-core:ComputerEquipment 2022-12-31 11559950 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 11559950 frs-core:FurnitureFittings 2023-12-31 11559950 frs-core:FurnitureFittings 2023-01-01 2023-12-31 11559950 frs-core:FurnitureFittings 2022-12-31 11559950 frs-core:OtherResidualIntangibleAssets 2023-12-31 11559950 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 11559950 frs-core:OtherResidualIntangibleAssets 2022-12-31 11559950 frs-core:ShareCapital 2023-12-31 11559950 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11559950 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11559950 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11559950 frs-bus:SmallEntities 2023-01-01 2023-12-31 11559950 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11559950 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11559950 frs-core:UnlistedNon-exchangeTraded 2023-12-31 11559950 frs-core:UnlistedNon-exchangeTraded 2022-12-31 11559950 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 11559950 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 11559950 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 11559950 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 11559950 frs-bus:Director1 2023-01-01 2023-12-31 11559950 frs-bus:Director2 2023-01-01 2023-12-31 11559950 frs-countries:EnglandWales 2023-01-01 2023-12-31 11559950 2021-12-31 11559950 2022-12-31 11559950 2022-01-01 2022-12-31 11559950 frs-core:CurrentFinancialInstruments 2022-12-31 11559950 frs-core:ShareCapital 2022-12-31 11559950 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11559950
Pico Management Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Approved Accounting Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11559950
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,396 9,714
Tangible Assets 5 483 (1,693 )
Investments 6 100,243 100,243
109,122 108,264
CURRENT ASSETS
Debtors 7 538,618 (328,348 )
Cash at bank and in hand 3,015 49,257
541,633 (279,091 )
Creditors: Amounts Falling Due Within One Year 8 (764,114 ) (304,125 )
NET CURRENT ASSETS (LIABILITIES) (222,481 ) (583,216 )
TOTAL ASSETS LESS CURRENT LIABILITIES (113,359 ) (474,952 )
NET LIABILITIES (113,359 ) (474,952 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (113,360 ) (474,953 )
SHAREHOLDERS' FUNDS (113,359) (474,952)
Page 1
Page 2
For the year ending 31 December 2023 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 Edoardo Spina
Director
30/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pico Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11559950 . The registered office is 11 Bear Street, Cameo House, London, WC2H 7AS.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Fixtures & Fittings 33.33% at SLM
Computer Equipment 33.33% at SLM
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 13,186
As at 31 December 2023 13,186
Amortisation
As at 1 January 2023 3,472
Provided during the period 1,318
As at 31 December 2023 4,790
...CONTINUED
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Page 4
Net Book Value
As at 31 December 2023 8,396
As at 1 January 2023 9,714
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 14,205 2,730 16,935
As at 31 December 2023 14,205 2,730 16,935
Depreciation
As at 1 January 2023 16,864 1,764 18,628
Provided during the period (2,659 ) 483 (2,176 )
As at 31 December 2023 14,205 2,247 16,452
Net Book Value
As at 31 December 2023 - 483 483
As at 1 January 2023 (2,659 ) 966 (1,693 )
6. Investments
Unlisted
£
Cost
As at 1 January 2023 100,243
As at 31 December 2023 100,243
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 100,243
As at 1 January 2023 100,243
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 399,171 -
Amounts owed by participating interests 136,775 (329,841)
Other debtors 2,672 1,493
538,618 (328,348 )
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 3,712
Amounts owed to participating interests 709,122 242,652
Other creditors 54,992 56,346
Taxation and social security - 1,415
764,114 304,125
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 5