Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12041074 Mr Ismael Abudher Mr Walid Bejani Saouma Ernani Jardim De Miranda Machado iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12041074 2023-12-31 12041074 2024-12-31 12041074 2024-01-01 2024-12-31 12041074 frs-core:CurrentFinancialInstruments 2024-12-31 12041074 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 12041074 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 12041074 frs-core:ShareCapital 2024-12-31 12041074 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12041074 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12041074 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12041074 frs-bus:SmallEntities 2024-01-01 2024-12-31 12041074 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12041074 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12041074 frs-core:CostValuation 2023-12-31 12041074 frs-core:CostValuation 2024-12-31 12041074 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 12041074 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 12041074 frs-bus:Director1 2024-01-01 2024-12-31 12041074 frs-bus:Director2 2024-01-01 2024-12-31 12041074 frs-bus:Director3 2024-01-01 2024-12-31 12041074 frs-countries:EnglandWales 2024-01-01 2024-12-31 12041074 2022-12-31 12041074 2023-12-31 12041074 2023-01-01 2023-12-31 12041074 frs-core:CurrentFinancialInstruments 2023-12-31 12041074 frs-core:ShareCapital 2023-12-31 12041074 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12041074
Jmm Universal Corporation Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12041074
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,177,761 1,177,761
Investments 5 10,000 10,000
1,187,761 1,187,761
CURRENT ASSETS
Debtors 6 10,000 10,000
10,000 10,000
Creditors: Amounts Falling Due Within One Year 7 (1,196,041 ) (1,196,041 )
NET CURRENT ASSETS (LIABILITIES) (1,186,041 ) (1,186,041 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,720 1,720
NET ASSETS 1,720 1,720
CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Profit and Loss Account (8,280 ) (8,280 )
SHAREHOLDERS' FUNDS 1,720 1,720
Page 1
Page 2
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 Ismael Abudher
Director
31/01/2025
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
Jmm Universal Corporation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12041074 . The registered office is 12046300 - COMPANIES HOUSE DEFAULT ADDRESS, Cardiff, CF14 8LH.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: )
2 -
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2024 1,177,761
As at 31 December 2024 1,177,761
Net Book Value
As at 31 December 2024 1,177,761
As at 1 January 2024 1,177,761
5. Investments
Subsidiaries
£
Cost
As at 1 January 2024 10,000
As at 31 December 2024 10,000
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 10,000
As at 1 January 2024 10,000
The investment represents the shreholding in its subsidiary company,  JMM Universal Technologies Limited,  a company incorporated in England and Wales.
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 10,000 10,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,183,761 1,183,761
Accruals and deferred income 780 780
Amounts owed to group undertakings 11,500 11,500
1,196,041 1,196,041
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
Page 4