Acorah Software Products - Accounts Production 16.1.200 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10757930 Mr Stefano Fregoni P & T Secretaries Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10757930 2023-05-31 10757930 2024-05-31 10757930 2023-06-01 2024-05-31 10757930 frs-core:CurrentFinancialInstruments 2024-05-31 10757930 frs-core:Non-currentFinancialInstruments 2024-05-31 10757930 frs-core:ComputerEquipment 2024-05-31 10757930 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10757930 frs-core:ComputerEquipment 2023-05-31 10757930 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-31 10757930 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-31 10757930 frs-core:NetGoodwill 2024-05-31 10757930 frs-core:NetGoodwill 2023-05-31 10757930 frs-core:ShareCapital 2024-05-31 10757930 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10757930 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10757930 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10757930 frs-bus:SmallEntities 2023-06-01 2024-05-31 10757930 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10757930 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10757930 1 2023-06-01 2024-05-31 10757930 frs-core:UnlistedNon-exchangeTraded 2024-05-31 10757930 frs-core:UnlistedNon-exchangeTraded 2023-05-31 10757930 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-05-31 10757930 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-05-31 10757930 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-05-31 10757930 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-05-31 10757930 frs-bus:Director1 2023-06-01 2024-05-31 10757930 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 10757930 frs-core:CurrentFinancialInstruments 1 2024-05-31 10757930 frs-core:Non-currentFinancialInstruments 1 2024-05-31 10757930 frs-core:CurrentFinancialInstruments 2 2024-05-31 10757930 frs-core:Non-currentFinancialInstruments 2 2024-05-31 10757930 frs-countries:EnglandWales 2023-06-01 2024-05-31 10757930 2022-05-31 10757930 2023-05-31 10757930 2022-06-01 2023-05-31 10757930 frs-core:CurrentFinancialInstruments 2023-05-31 10757930 frs-core:Non-currentFinancialInstruments 2023-05-31 10757930 frs-core:ShareCapital 2023-05-31 10757930 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 10757930 frs-core:CurrentFinancialInstruments 1 2023-05-31 10757930 frs-core:Non-currentFinancialInstruments 1 2023-05-31 10757930 frs-core:CurrentFinancialInstruments 2 2023-05-31 10757930 frs-core:Non-currentFinancialInstruments 2 2023-05-31
Registered number: 10757930
Fils Investments Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10757930
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 171,437 171,437
Tangible Assets 5 7,556 12,410
Investments 6 879 879
179,872 184,726
CURRENT ASSETS
Debtors 7 14,465 10,124
Cash at bank and in hand 2,189 8,015
16,654 18,139
Creditors: Amounts Falling Due Within One Year 8 (317,803 ) (267,897 )
NET CURRENT ASSETS (LIABILITIES) (301,149 ) (249,758 )
TOTAL ASSETS LESS CURRENT LIABILITIES (121,277 ) (65,032 )
Creditors: Amounts Falling Due After More Than One Year 9 (163,679 ) (164,679 )
NET LIABILITIES (284,956 ) (229,711 )
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account (284,966 ) (229,721 )
SHAREHOLDERS' FUNDS (284,956) (229,711)
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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 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 Stefano Fregoni
Director
25/02/2025
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
Fils Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10757930 . The registered office is 19 The Circle, Queen Elizabeth Street, London, England, SE1 2JE.
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 have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 25% SLM
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Intangible Assets
Goodwill Development Costs Total
£ £ £
Cost
As at 1 June 2023 2,091 169,346 171,437
As at 31 May 2024 2,091 169,346 171,437
Net Book Value
As at 31 May 2024 2,091 169,346 171,437
As at 1 June 2023 2,091 169,346 171,437
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 20,669
As at 31 May 2024 20,669
Depreciation
As at 1 June 2023 8,259
Provided during the period 4,854
As at 31 May 2024 13,113
Net Book Value
As at 31 May 2024 7,556
As at 1 June 2023 12,410
6. Investments
Unlisted
£
Cost
As at 1 June 2023 879
As at 31 May 2024 879
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 879
As at 1 June 2023 879
The company has an investment of £878.7 in Fils Italia Srl, a company registered in Italy.

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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,270 6,324
Prepayments and accrued income 3,273 -
Loan to Blue PHX Ltd 3,800 3,800
VAT 1,122 -
14,465 10,124
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 42,697 35,262
Other taxes and social security 2,121 414
Net wages 6,500 4,000
Loan from Fils Italia Srl 233,912 194,254
Pensions Payable 982 143
Loan Fattarelli 31,591 31,591
Accruals and deferred income - 2,233
317,803 267,897
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Shareholder's loan - Luca Riva 85,964 85,964
Shareholder's loan - S Fregoni 77,715 78,715
163,679 164,679
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
11. Related Party Transactions
During the company has given loan to Blue PHX Ltd for £3,800 (Last year : £3,800).
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr Luca Riva & Mr Stefano Fregoni by virtue of his ownership of more than 25% but not more than 50% of the issued share capital in the company.
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