Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 07727127 Dr Arvinder Sadana Mrs Natalia Sadana iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07727127 2023-08-31 07727127 2024-08-31 07727127 2023-09-01 2024-08-31 07727127 frs-core:CurrentFinancialInstruments 2024-08-31 07727127 frs-core:ShareCapital 2024-08-31 07727127 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 07727127 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07727127 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 07727127 frs-bus:SmallEntities 2023-09-01 2024-08-31 07727127 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07727127 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07727127 frs-core:ListedExchangeTraded 2024-08-31 07727127 frs-core:ListedExchangeTraded 2023-08-31 07727127 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-08-31 07727127 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-08-31 07727127 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-08-31 07727127 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-08-31 07727127 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-08-31 07727127 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-08-31 07727127 frs-bus:Director1 2023-09-01 2024-08-31 07727127 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 07727127 frs-countries:EnglandWales 2023-09-01 2024-08-31 07727127 2022-08-31 07727127 2023-08-31 07727127 2022-09-01 2023-08-31 07727127 frs-core:CurrentFinancialInstruments 2023-08-31 07727127 frs-core:ShareCapital 2023-08-31 07727127 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 07727127
Skova Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Kalculus
Chartered Accountants, Registered Auditors & Business Advisors
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07727127
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 173,591 150,620
173,591 150,620
CURRENT ASSETS
Debtors 5 205,696 204,941
Cash at bank and in hand 345,193 334,638
550,889 539,579
Creditors: Amounts Falling Due Within One Year 6 (234,221 ) (253,119 )
NET CURRENT ASSETS (LIABILITIES) 316,668 286,460
TOTAL ASSETS LESS CURRENT LIABILITIES 490,259 437,080
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,029 ) (1,655 )
NET ASSETS 484,230 435,425
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 484,229 435,424
SHAREHOLDERS' FUNDS 484,230 435,425
Page 1
Page 2
For the year ending 31 August 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
Dr Arvinder Sadana
Director
14 February 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
Skova Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07727127 . The registered office is Kalculus, 119 Marylebone Road, London, NW1 5PU.
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. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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Page 4
4. Investments
Listed
£
Cost
As at 1 September 2023 150,620
Additions 5,474
Revaluations 17,497
As at 31 August 2024 173,591
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 173,591
As at 1 September 2023 150,620
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 205,696 204,941
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 10,069 6,967
Amounts owed to related parties 224,152 246,152
234,221 253,119
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Reserves
9. Related Party Transactions
As at 31st August 2024, Skova Ltd owed £224,152 (2023: £246,152) to Penton Enterpises Ltd, a company in which Dr Sadana has an interest.
As at 31st August 2024 Skova Ltd was owed £205,696 (2023: £204,941 by TM TRUSTEES LIMITED, Trustees for the Talbot and Muir SIPP Re A Sadana. A SIPP invested on behalf of Dr Sadana.
Page 4