Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2023 1 December 2022 true 1 December 2023 30 November 2024 30 November 2024 13458507 Mr. Dmitrijus Apockinas Mr. Georgijus Kocegarovas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13458507 2023-11-30 13458507 2024-11-30 13458507 2023-12-01 2024-11-30 13458507 frs-core:CurrentFinancialInstruments 2024-11-30 13458507 frs-core:ShareCapital 2024-11-30 13458507 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 13458507 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13458507 frs-bus:FullAccounts 2023-12-01 2024-11-30 13458507 frs-bus:SmallEntities 2023-12-01 2024-11-30 13458507 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 13458507 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 13458507 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-12-01 2024-11-30 13458507 frs-bus:Director1 2023-12-01 2024-11-30 13458507 frs-bus:Director2 2023-12-01 2024-11-30 13458507 1 2023-12-01 2024-11-30 13458507 frs-countries:EnglandWales 2023-12-01 2024-11-30 13458507 2022-11-30 13458507 2023-11-30 13458507 2022-12-01 2023-11-30 13458507 frs-core:CurrentFinancialInstruments 2023-11-30 13458507 frs-core:ShareCapital 2023-11-30 13458507 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 13458507
Baseella Ltd
Directors' Report and
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Company Information 1
Directors' Report 2
Profit and Loss Account 3
Balance Sheet 4
Notes to the Financial Statements 5—6
Page 1
Company Information
Directors Mr. Dmitrijus Apockinas
Mr. Georgijus Kocegarovas
Company Number 13458507
Registered Office Niddry Lodge
51 Holland Street
London
W8 7JB
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 30 November 2024.
Principal Activity
Baseella Ltd is a company engaged in the development and supply of core banking and payment services software. The company has successfully developed the first version of its core banking and payments module, which was released for sale during the financial year. The first version of the software is primarily supplied to regulated non-bank payment service providers on a software-as-a-service (SaaS) basis.
Going Concern
The directors have considered the company’s financial position, including the balance sheet as at 30 November 2024, and are satisfied that the company remains a going concern. The company’s financial position is stable, with net current assets of £19,079, supported by liquid assets in bank accounts. The company continues to operate effectively and meet its obligations as they fall due.
Dividends
No dividends were paid during the year.
Directors
The directors who held office during the year were as follows:
Mr. Dmitrijus Apockinas
Mr. Georgijus Kocegarovas
Post Balance Sheet Events
There have been no significant events after the balance sheet date that would impact the financial position of the company or require disclosure in these financial statements.
Statement of Directors' Responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations. The directors confirm that, to the best of their knowledge, the financial statements present a true and fair view of the company’s affairs as at 30 November 2024 and of its profit for the year then ended.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr. Dmitrijus Apockinas
Director
27th February 2025
Page 2
Page 3
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 266,583 -
Cost of sales (1,143 ) -
GROSS PROFIT 265,440 -
Administrative expenses (242,864 ) (1,432 )
OPERATING PROFIT/(LOSS) AND PROFIT/(LOSS) BEFORE TAXATION 22,576 (1,432 )
Tax on Profit/(loss) (4,006 ) -
PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL YEAR 18,570 (1,432 )
The notes on pages 5 to 6 form part of these financial statements.
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Page 4
Balance Sheet
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 2,550 160
Cash at bank and in hand 20,928 712
23,478 872
Creditors: Amounts Falling Due Within One Year 5 (4,399 ) (363 )
NET CURRENT ASSETS (LIABILITIES) 19,079 509
TOTAL ASSETS LESS CURRENT LIABILITIES 19,079 509
NET ASSETS 19,079 509
CAPITAL AND RESERVES
Called up share capital 6 2,000 2,000
Profit and Loss Account 17,079 (1,491 )
SHAREHOLDERS' FUNDS 19,079 509
For the year ending 30 November 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr. Dmitrijus Apockinas
Director
3rd March 2025
The notes on pages 5 to 6 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
Baseella Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13458507 . The registered office is Niddry Lodge, 51 Holland Street, London, W8 7JB.
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 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.
2.3. 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.
2.4. 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: 2 (2023: 2)
2 2
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4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,390 -
Other debtors 160 160
2,550 160
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Other creditors 392 363
Taxation and social security 4,006 -
4,399 363
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,000 2,000
Page 6