Acorah Software Products - Accounts Production 16.1.300 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 12451186 Mr Mark Spolander iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12451186 2023-02-28 12451186 2024-02-29 12451186 2023-03-01 2024-02-29 12451186 frs-core:CurrentFinancialInstruments 2024-02-29 12451186 frs-core:Non-currentFinancialInstruments 2024-02-29 12451186 frs-core:ShareCapital 2024-02-29 12451186 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 12451186 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12451186 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 12451186 frs-bus:SmallEntities 2023-03-01 2024-02-29 12451186 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12451186 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12451186 frs-bus:Director1 2023-03-01 2024-02-29 12451186 frs-countries:EnglandWales 2023-03-01 2024-02-29 12451186 2022-02-28 12451186 2023-02-28 12451186 2022-03-01 2023-02-28 12451186 frs-core:CurrentFinancialInstruments 2023-02-28 12451186 frs-core:Non-currentFinancialInstruments 2023-02-28 12451186 frs-core:ShareCapital 2023-02-28 12451186 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 12451186
Green Oak Investments Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Modus Accountants Ltd
Unit 1c Church Green
Witney
OX28 4YR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12451186
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 387,061 555,133
Investments 5 - 1,293,594
Cash at bank and in hand 3,474 10,015
390,535 1,858,742
Creditors: Amounts Falling Due Within One Year 6 (1,825,985 ) (1,751,093 )
NET CURRENT ASSETS (LIABILITIES) (1,435,450 ) 107,649
TOTAL ASSETS LESS CURRENT LIABILITIES (1,435,450 ) 107,649
Creditors: Amounts Falling Due After More Than One Year 7 - (29,582 )
NET (LIABILITIES)/ASSETS (1,435,450 ) 78,067
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (1,435,550 ) 77,967
SHAREHOLDERS' FUNDS (1,435,450) 78,067
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For the year ending 29 February 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 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 Mark Spolander
Director
27 February 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Green Oak Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12451186 . The registered office is Unit 1c Eagle Industrial Estate, Church Green, Witney, OX26 1AE.
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 financial statements have been prepared on a break-up basis, as the directors have determined that the company is no longer a going concern and there is no viable alternative to ceasing operations. 
Following a detailed review of the company’s financial position and future prospects, it was concluded that the business would not be able to continue. As a result, all assets have been measured at their estimated net realisable value, and all liabilities have been classified as current.
2.3. 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)
- -
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 387,061 555,133
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5. Current Asset Investments
2024 2023
£ £
Unlisted investments - 1,293,594
During the financial year, the company recognised a loss relating to a trading investment in Black Capital Partners, which is currently under investigation due to suspected fraudulent activity. As a result, an amount of £1,293,594 has been written off.
The company has taken appropriate action by reporting the matter to the relevant authorities, including Action Fraud, banks, and the Financial Ombudsman.
As at the balance sheet date, there is uncertainty regarding the recovery of funds. Consequently, no amount has been recognised as a receivable in the financial statements.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 (1 )
Bank loans and overdrafts 34,568 9,908
Other creditors 1,754,525 1,713,774
Taxation and social security 36,891 27,412
1,825,985 1,751,093
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 29,582
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Post Balance Sheet Events
Subsequent to the balance sheet date, on 28 August 2024, the company formally entered into a Company Voluntary Arrangement (CVA) following approval by its creditors. 
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