Acorah Software Products - Accounts Production 16.0.110 false true true false 9 June 2023 30 June 2024 30 June 2024 14926980 M Tolnaes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14926980 2023-06-08 14926980 2024-06-30 14926980 2023-06-09 2024-06-30 14926980 frs-core:Non-currentFinancialInstruments 2024-06-30 14926980 frs-core:ShareCapital 2024-06-30 14926980 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14926980 frs-bus:PrivateLimitedCompanyLtd 2023-06-09 2024-06-30 14926980 frs-bus:FilletedAccounts 2023-06-09 2024-06-30 14926980 frs-bus:SmallEntities 2023-06-09 2024-06-30 14926980 frs-bus:AuditExempt-NoAccountantsReport 2023-06-09 2024-06-30 14926980 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-09 2024-06-30 14926980 frs-core:CostValuation 2023-06-08 14926980 frs-core:AdditionsToInvestments 2024-06-30 14926980 frs-core:CostValuation 2024-06-30 14926980 frs-core:ProvisionsForImpairmentInvestments 2023-06-08 14926980 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 14926980 frs-bus:Director1 2023-06-09 2024-06-30 14926980 frs-countries:EnglandWales 2023-06-09 2024-06-30
Registered number: 14926980
SUCFIII H1 Limited
Unaudited Financial Statements
For the Period 9 June 2023 to 30 June 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14926980
30 June 2024
Notes £ £
FIXED ASSETS
Investments 4 5,479,998
5,479,998
CURRENT ASSETS
Debtors 5 1
1
NET CURRENT ASSETS (LIABILITIES) 1
TOTAL ASSETS LESS CURRENT LIABILITIES 5,479,999
Creditors: Amounts Falling Due After More Than One Year 6 (5,793,305 )
NET LIABILITIES (313,306 )
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account (313,307 )
SHAREHOLDERS' FUNDS (313,306)
For the period ending 30 June 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 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
M Tolnaes
Director
06/03/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
SUCFIII H1 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14926980 . The registered office is 44 Catherine Place, London, SW1E 6HL.
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. Significant judgements and estimations
Management has exercised judgement in determining the classification of certain deferred and contingent consideration payments relating to the acquisition Pushfar Ltd. These payments have been accounted for as a cost of investment rather than as a cost of employment.
2.4. Financial Instruments
The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on anet basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
2.5. Investments in Subsidiaries
Investments in subsidiaries are stated at cost less any provision for impairment. The company assesses the carrying value of investments at each reporting date. Where there is an indication that the investment may be impaired, an impairment review is performed, and any necessary impairment loss is recognised in the profit and loss account.
Dividends received from subsidiaries are recognised in the profit and loss account when the company’s right to receive payment is established.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Investments
Subsidiaries
£
Cost
As at 9 June 2023 -
Additions 5,479,998
As at 30 June 2024 5,479,998
Provision
As at 9 June 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 5,479,998
As at 9 June 2023 -
During the year the Company acquired 100% of the issued share capital of Pushfar Ltd, a company registered in England and Wales.
5. Debtors
30 June 2024
£
Due within one year
Other debtors 1
6. Creditors: Amounts Falling Due After More Than One Year
30 June 2024
£
Other creditors 5,793,305
Other creditors relates to amounts payable in connection with the acquisition of Pushfar Ltd during the year.
7. Share Capital
30 June 2024
£
Allotted, Called up and fully paid 1
Page 3