Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 07507758 Mr Nicholas Batsford Mr Gus Farrow Core Ldn Ltd 95 Lower Ground, Southward Street, London, SE1 0HX true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07507758 2023-05-31 07507758 2024-05-31 07507758 2023-06-01 2024-05-31 07507758 frs-core:CurrentFinancialInstruments 2024-05-31 07507758 frs-core:ComputerEquipment 2024-05-31 07507758 frs-core:ComputerEquipment 2023-06-01 2024-05-31 07507758 frs-core:ComputerEquipment 2023-05-31 07507758 frs-core:NetGoodwill 2024-05-31 07507758 frs-core:NetGoodwill 2023-06-01 2024-05-31 07507758 frs-core:NetGoodwill 2023-05-31 07507758 frs-core:PlantMachinery 2024-05-31 07507758 frs-core:PlantMachinery 2023-06-01 2024-05-31 07507758 frs-core:PlantMachinery 2023-05-31 07507758 frs-core:ShareCapital 2024-05-31 07507758 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07507758 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07507758 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 07507758 frs-bus:SmallEntities 2023-06-01 2024-05-31 07507758 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07507758 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07507758 1 2023-06-01 2024-05-31 07507758 frs-bus:Director1 2023-06-01 2024-05-31 07507758 frs-bus:Director2 2023-06-01 2024-05-31 07507758 frs-countries:EnglandWales 2023-06-01 2024-05-31 07507758 2022-05-31 07507758 2023-05-31 07507758 2022-06-01 2023-05-31 07507758 frs-core:CurrentFinancialInstruments 2023-05-31 07507758 frs-core:WithinOneYear 2023-05-31 07507758 frs-core:ShareCapital 2023-05-31 07507758 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 07507758
The Creative Colony Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Finerva
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07507758
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 6,880 10,630
6,880 10,630
CURRENT ASSETS
Debtors 6 9,289 25,704
Cash at bank and in hand 698 7,144
9,987 32,848
Creditors: Amounts Falling Due Within One Year 7 (21,206 ) (48,155 )
NET CURRENT ASSETS (LIABILITIES) (11,219 ) (15,307 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,339 ) (4,677 )
NET LIABILITIES (4,339 ) (4,677 )
CAPITAL AND RESERVES
Called up share capital 8 6 6
Profit and Loss Account (4,345 ) (4,683 )
SHAREHOLDERS' FUNDS (4,339) (4,677)
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For the year ending 31 May 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 Nicholas Batsford
Director
24 February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Creative Colony Limited is a private company,  limited by shares, incorporated in England & Wales, registered number 07507758 . The registered office is 95 Southwark Street, Lower Ground, London, SE1 0HX.
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
The directors believe that notwithstanding net liabilities of £4,339 (2023: £4,677), the company’s financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support from the parent company will be adequate to meet the company’s needs for a period of at least 12 months from the date of approval of these financial statements.
2.3. Turnover
Revenue is recognised to the extent there is probable economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from a contract to provide services is recognised in the period in which the services are provided.


2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.
2.5. 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:
Plant & Machinery over 4 years on a straight line basis
Computer Equipment over 4 years on a straight line basis
2.6. Financial Instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.
Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.
For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current tax for the year is recognised in profit or loss.
2.8. Related Party Exemption
The company has taken advantage of the exemption available under FRS 102 not to disclose related party transactions with wholly owned group companies.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 104
As at 31 May 2024 104
Amortisation
As at 1 June 2023 104
As at 31 May 2024 104
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 9,887 20,836 30,723
Additions - 1,892 1,892
Disposals - (3,192 ) (3,192 )
As at 31 May 2024 9,887 19,536 29,423
Depreciation
As at 1 June 2023 3,993 16,100 20,093
Provided during the period 1,978 1,171 3,149
Disposals - (699 ) (699 )
As at 31 May 2024 5,971 16,572 22,543
Net Book Value
As at 31 May 2024 3,916 2,964 6,880
As at 1 June 2023 5,894 4,736 10,630
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,835 25,704
Other debtors 3,454 -
9,289 25,704
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,964 6,138
Amounts owed to participating interests 16,895 29,270
Other creditors 2,347 11,958
Taxation and social security - 789
21,206 48,155
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 6
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year - 4,100
- 4,100
10. Ultimate Parent Undertaking and Controlling Party
The company is a 100% subsidiary of Core Ldn Ltd , the company registered in England and Wales, whose registered office is 95 Lower Ground, Southward Street, London, SE1 0HX
No consolidated financial statements are drawn up for any group of which the company is a member. 
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