Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12065978 K Lee-Preston O Wilkinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12065978 2023-06-30 12065978 2024-06-30 12065978 2023-07-01 2024-06-30 12065978 frs-core:ShareCapital 2024-06-30 12065978 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12065978 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12065978 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12065978 frs-bus:SmallEntities 2023-07-01 2024-06-30 12065978 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12065978 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12065978 frs-core:ListedExchangeTraded 2024-06-30 12065978 frs-core:ListedExchangeTraded 2023-06-30 12065978 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-06-30 12065978 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-06-30 12065978 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-06-30 12065978 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-06-30 12065978 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-06-30 12065978 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-06-30 12065978 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-06-30 12065978 frs-bus:Director1 2023-07-01 2024-06-30 12065978 frs-bus:Director2 2023-07-01 2024-06-30 12065978 frs-countries:EnglandWales 2023-07-01 2024-06-30 12065978 2022-06-30 12065978 2023-06-30 12065978 2022-07-01 2023-06-30 12065978 frs-core:ShareCapital 2023-06-30 12065978 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12065978
Neoretro Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12065978
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 3,727,652 3,566,385
3,727,652 3,566,385
CURRENT ASSETS
Debtors 5 100 100
Cash at bank and in hand 68,598 87,209
68,698 87,309
Creditors: Amounts Falling Due Within One Year 6 (5,316 ) (13,249 )
NET CURRENT ASSETS (LIABILITIES) 63,382 74,060
TOTAL ASSETS LESS CURRENT LIABILITIES 3,791,034 3,640,445
NET ASSETS 3,791,034 3,640,445
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 3,790,934 3,640,345
SHAREHOLDERS' FUNDS 3,791,034 3,640,445
Page 1
Page 2
For the year 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
O Wilkinson
Director
16 March 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
Neoretro Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12065978 . The registered office is The Glass House, Elmsted, Ashford, Kent, TN25 5JN.
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. Financial Instruments
Investments in listed shares are classified as basic financial instruments. They are initially measured at transaction price and subsequently measured at fair value, with changes in fair value being recognised in profit or loss. Fair value is determined using the quoted bid price at the balance sheet date.
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.
Valuation of investments
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
2.3. 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
Page 3
Page 4
4. Investments
Listed
£
Cost
As at 1 July 2023 3,566,385
Additions 2,716,991
Disposals (2,740,140 )
Revaluations 184,416
As at 30 June 2024 3,727,652
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 3,727,652
As at 1 July 2023 3,566,385
Investments are revalued anually and the brought forward cost at 1 July 2023 is the market value at that date.
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 100 100
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 5,316 13,249
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4