Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10775018 Ms Rosa Giro-Ribas Mr Martin Wadhwani Martin Wadhwani true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10775018 2023-05-31 10775018 2024-05-31 10775018 2023-06-01 2024-05-31 10775018 frs-core:CurrentFinancialInstruments 2024-05-31 10775018 frs-core:ComputerEquipment 2024-05-31 10775018 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10775018 frs-core:ComputerEquipment 2023-05-31 10775018 frs-core:FurnitureFittings 2024-05-31 10775018 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10775018 frs-core:FurnitureFittings 2023-05-31 10775018 frs-core:ShareCapital 2024-05-31 10775018 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10775018 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10775018 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10775018 frs-bus:SmallEntities 2023-06-01 2024-05-31 10775018 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10775018 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10775018 1 2023-06-01 2024-05-31 10775018 frs-core:UnlistedNon-exchangeTraded 2024-05-31 10775018 frs-core:UnlistedNon-exchangeTraded 2023-05-31 10775018 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-05-31 10775018 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-05-31 10775018 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-05-31 10775018 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-05-31 10775018 frs-bus:Director1 2023-06-01 2024-05-31 10775018 frs-bus:Director2 2023-06-01 2024-05-31 10775018 frs-countries:EnglandWales 2023-06-01 2024-05-31 10775018 2022-05-31 10775018 2023-05-31 10775018 2022-06-01 2023-05-31 10775018 frs-core:CurrentFinancialInstruments 2023-05-31 10775018 frs-core:ShareCapital 2023-05-31 10775018 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10775018
Neutrino Asset Management Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Optimise Accountants Ltd
Office 15 Bramley House, 2a Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10775018
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 385 481
Investments 5 5 5
390 486
CURRENT ASSETS
Debtors 6 1,041 1,041
Cash at bank and in hand 3,625 15,610
4,666 16,651
Creditors: Amounts Falling Due Within One Year 7 (19,969 ) (29,753 )
NET CURRENT ASSETS (LIABILITIES) (15,303 ) (13,102 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,913 ) (12,616 )
NET LIABILITIES (14,913 ) (12,616 )
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account (15,113 ) (12,816 )
SHAREHOLDERS' FUNDS (14,913) (12,616)
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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 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 Martin Wadhwani
Director
12/03/2025
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
Neutrino Asset Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10775018 . The registered office is 28 Dorville Crescent, London, W6 0HJ.
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. 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:
Fixtures & Fittings 20% reducing balance basis
Computer Equipment 20% reducing balance basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 125 1,241 1,366
As at 31 May 2024 125 1,241 1,366
Depreciation
As at 1 June 2023 84 801 885
Provided during the period 8 88 96
As at 31 May 2024 92 889 981
Net Book Value
As at 31 May 2024 33 352 385
As at 1 June 2023 41 440 481
5. Investments
Unlisted
£
Cost
As at 1 June 2023 5
As at 31 May 2024 5
Provision
As at 1 June 2023 -
As at 31 May 2024 -
...CONTINUED
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Net Book Value
As at 31 May 2024 5
As at 1 June 2023 5
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 794 794
Amounts owed by subsidiaries 247 247
1,041 1,041
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) (1 )
Other creditors 5 5
Accruals and deferred income 204 204
Directors' loan accounts 19,761 29,545
19,969 29,753
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
9. Ultimate Controlling Party
The company's ultimate controlling party is the director, Martin Wadhwani , by virtue of his ownership of 51% of the issued share capital in the company.
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