Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 08524792 Syed Jaffrey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08524792 2023-05-31 08524792 2024-05-31 08524792 2023-06-01 2024-05-31 08524792 frs-core:CurrentFinancialInstruments 2024-05-31 08524792 frs-core:Non-currentFinancialInstruments 2024-05-31 08524792 frs-core:ShareCapital 2024-05-31 08524792 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08524792 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08524792 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08524792 frs-bus:SmallEntities 2023-06-01 2024-05-31 08524792 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08524792 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08524792 frs-core:ListedExchangeTraded 2024-05-31 08524792 frs-core:ListedExchangeTraded 2023-05-31 08524792 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-05-31 08524792 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-05-31 08524792 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-05-31 08524792 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-05-31 08524792 frs-bus:Director1 2023-06-01 2024-05-31 08524792 frs-countries:EnglandWales 2023-06-01 2024-05-31 08524792 2022-05-31 08524792 2023-05-31 08524792 2022-06-01 2023-05-31 08524792 frs-core:CurrentFinancialInstruments 2023-05-31 08524792 frs-core:Non-currentFinancialInstruments 2023-05-31 08524792 frs-core:ShareCapital 2023-05-31 08524792 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 08524792
Veritas Investments (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08524792
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 3 1,955,583 1,955,583
1,955,583 1,955,583
CURRENT ASSETS
Debtors 4 98,474 98,474
Cash at bank and in hand 10 10
98,484 98,484
Creditors: Amounts Falling Due Within One Year 5 (83,356 ) (82,591 )
NET CURRENT ASSETS (LIABILITIES) 15,128 15,893
TOTAL ASSETS LESS CURRENT LIABILITIES 1,970,711 1,971,476
Creditors: Amounts Falling Due After More Than One Year 6 (77,344 ) (77,344 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (362,061 ) (362,061 )
NET ASSETS 1,531,306 1,532,071
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 1,531,296 1,532,061
SHAREHOLDERS' FUNDS 1,531,306 1,532,071
Page 1
Page 2
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
Syed Jaffrey
Director
27/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
3. Investments
Listed
£
Cost
As at 1 June 2023 1,955,583
As at 31 May 2024 1,955,583
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 1,955,583
As at 1 June 2023 1,955,583
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 37,295 37,295
Other debtors 61,179 61,179
98,474 98,474
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,256 15,256
Bank loans and overdrafts - 21
Corporation tax - 28,212
Other creditors 67,725 38,727
Accruals and deferred income 375 375
83,356 82,591
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 50,000 50,000
Other creditors 27,344 27,344
77,344 77,344
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4