Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11107169 Mr Karim Shalak Mrs Cerine Shalak iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11107169 2023-05-31 11107169 2024-05-31 11107169 2023-06-01 2024-05-31 11107169 frs-core:CurrentFinancialInstruments 2024-05-31 11107169 frs-core:Non-currentFinancialInstruments 2024-05-31 11107169 frs-core:ComputerEquipment 2024-05-31 11107169 frs-core:ComputerEquipment 2023-06-01 2024-05-31 11107169 frs-core:ComputerEquipment 2023-05-31 11107169 frs-core:ShareCapital 2024-05-31 11107169 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11107169 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11107169 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11107169 frs-bus:SmallEntities 2023-06-01 2024-05-31 11107169 frs-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11107169 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11107169 frs-bus:Director1 2023-06-01 2024-05-31 11107169 frs-bus:Director1 2023-05-31 11107169 frs-bus:Director1 2024-05-31 11107169 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 11107169 frs-countries:EnglandWales 2023-06-01 2024-05-31 11107169 2022-05-31 11107169 2023-05-31 11107169 2022-06-01 2023-05-31 11107169 frs-core:CurrentFinancialInstruments 2023-05-31 11107169 frs-core:Non-currentFinancialInstruments 2023-05-31 11107169 frs-core:ShareCapital 2023-05-31 11107169 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11107169
Perspective Partners Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Perspective Partners Ltd For The Year Ended 31 May 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Perspective Partners Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Perspective Partners Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Perspective Partners Ltd and state those matters that we have agreed to state to the director of Perspective Partners Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Perspective Partners Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Perspective Partners Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Perspective Partners Ltd . You consider that Perspective Partners Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Perspective Partners Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Anderson Ross Accounting and Tax
26 February 2025
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Page 1
Page 2
Balance Sheet
Registered number: 11107169
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,407 1,759
1,407 1,759
CURRENT ASSETS
Debtors 5 44,762 32,904
Cash at bank and in hand 152,501 82,872
197,263 115,776
Creditors: Amounts Falling Due Within One Year 6 (72,242 ) (45,558 )
NET CURRENT ASSETS (LIABILITIES) 125,021 70,218
TOTAL ASSETS LESS CURRENT LIABILITIES 126,428 71,977
Creditors: Amounts Falling Due After More Than One Year 7 (25,342 ) (37,625 )
NET ASSETS 101,086 34,352
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 100,986 34,252
SHAREHOLDERS' FUNDS 101,086 34,352
Page 2
Page 3
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 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
Mr Karim Shalak
Director
26 February 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Perspective Partners Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11107169 . The registered office is G-05 Davenport House, 16 Pepper Street, London, , E14 9RP.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. 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:
Computer Equipment 20% Reducing Balance
2.4. 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.
2.5. 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 year 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.

3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
Page 4
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 3,365
As at 31 May 2024 3,365
Depreciation
As at 1 June 2023 1,606
Provided during the period 352
As at 31 May 2024 1,958
Net Book Value
As at 31 May 2024 1,407
As at 1 June 2023 1,759
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 32,110 21,365
Other debtors - 7,350
VAT 652 689
Director's loan account 12,000 3,500
44,762 32,904
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 3,000
Corporation tax 68,036 39,943
Other taxes and social security 1,706 115
Accruals and deferred income 2,500 2,500
72,242 45,558
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 25,342 37,625
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Karim Shalak 3,500 12,000 3,500 - 12,000
The above loan is unsecured, interest free and repayable within nine months.
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 137,021 126,159
Page 6