Acorah Software Products - Accounts Production 16.1.300 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 SC454814 Mr Graeme Duncan Dr Ronald Lindsay Mr Fraser Lusty MFMAC SECRETARIES LIMITED iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC454814 2023-10-31 SC454814 2024-10-31 SC454814 2023-11-01 2024-10-31 SC454814 frs-core:CurrentFinancialInstruments 2024-10-31 SC454814 frs-core:Non-currentFinancialInstruments 2024-10-31 SC454814 frs-core:ComputerEquipment 2024-10-31 SC454814 frs-core:ComputerEquipment 2023-11-01 2024-10-31 SC454814 frs-core:ComputerEquipment 2023-10-31 SC454814 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-01 2024-10-31 SC454814 frs-core:OtherResidualIntangibleAssets 2024-10-31 SC454814 frs-core:OtherResidualIntangibleAssets 2023-11-01 2024-10-31 SC454814 frs-core:OtherResidualIntangibleAssets 2023-10-31 SC454814 frs-core:SharePremium 2024-10-31 SC454814 frs-core:ShareCapital 2024-10-31 SC454814 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC454814 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC454814 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC454814 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC454814 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC454814 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC454814 frs-bus:Director1 2023-11-01 2024-10-31 SC454814 frs-bus:Director2 2023-11-01 2024-10-31 SC454814 frs-bus:Director3 2023-11-01 2024-10-31 SC454814 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 SC454814 frs-core:CurrentFinancialInstruments 1 2024-10-31 SC454814 frs-countries:Scotland 2023-11-01 2024-10-31 SC454814 2022-10-31 SC454814 2023-10-31 SC454814 2022-11-01 2023-10-31 SC454814 frs-core:CurrentFinancialInstruments 2023-10-31 SC454814 frs-core:Non-currentFinancialInstruments 2023-10-31 SC454814 frs-core:SharePremium 2023-10-31 SC454814 frs-core:ShareCapital 2023-10-31 SC454814 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC454814 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: SC454814
NEUROCENTRX PHARMA LIMITED
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC454814
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 17,996 20,997
Tangible Assets 5 2,410 2,299
20,406 23,296
CURRENT ASSETS
Debtors 6 48,171 45,042
Cash at bank and in hand 34,430 129,829
82,601 174,871
Creditors: Amounts Falling Due Within One Year 7 (620,247 ) (69,733 )
NET CURRENT ASSETS (LIABILITIES) (537,646 ) 105,138
TOTAL ASSETS LESS CURRENT LIABILITIES (517,240 ) 128,434
Creditors: Amounts Falling Due After More Than One Year 8 (233,000 ) (448,493 )
NET LIABILITIES (750,240 ) (320,059 )
CAPITAL AND RESERVES
Called up share capital 9 77 71
Share premium account 3,540,276 3,018,555
Profit and Loss Account (4,290,593 ) (3,338,685 )
SHAREHOLDERS' FUNDS (750,240) (320,059)
Page 1
Page 2
For the year ending 31 October 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
Mr Graeme Duncan
Director
23/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
NEUROCENTRX PHARMA LIMITED is a private company, limited by shares, incorporated in Scotland, registered number SC454814 . The registered office is Level 5, 9 Haymarket Square, Edinburgh, EH3 8RY.
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 Company is reliant on raising further funding in order to continue trading. A fund raising process is currently ongoing and the directors are of the opinion that it is appropriate to continue to prepare the accounts on a Going Concern basis. 
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible asset is a IP License. It is amortised to profit and loss account over its estimated economic life of 15 years.
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 33% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Intangible Assets
Other
£
Cost
As at 1 November 2023 89,981
As at 31 October 2024 89,981
Amortisation
As at 1 November 2023 68,984
Provided during the period 3,001
As at 31 October 2024 71,985
Net Book Value
As at 31 October 2024 17,996
As at 1 November 2023 20,997
Page 3
Page 4
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 10,062
Additions 1,899
As at 31 October 2024 11,961
Depreciation
As at 1 November 2023 7,763
Provided during the period 1,788
As at 31 October 2024 9,551
Net Book Value
As at 31 October 2024 2,410
As at 1 November 2023 2,299
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 48,171 45,042
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 62,646 35,470
Other taxes and social security 3,482 3,290
Convertible loans 498,326 -
Accruals and deferred income 55,793 30,973
620,247 69,733
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Convertible loans >1 year 233,000 448,493
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 77 71
Page 4