Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 08996676 Mr Ian NG true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08996676 2023-06-30 08996676 2024-06-30 08996676 2023-07-01 2024-06-30 08996676 frs-core:CurrentFinancialInstruments 2024-06-30 08996676 frs-core:Non-currentFinancialInstruments 2024-06-30 08996676 frs-core:ShareCapital 2024-06-30 08996676 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08996676 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08996676 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 08996676 frs-bus:SmallEntities 2023-07-01 2024-06-30 08996676 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08996676 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08996676 1 2023-07-01 2024-06-30 08996676 frs-core:CostValuation 2023-06-30 08996676 frs-core:CostValuation 2024-06-30 08996676 frs-core:ProvisionsForImpairmentInvestments 2023-06-30 08996676 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 08996676 frs-bus:Director1 2023-07-01 2024-06-30 08996676 frs-countries:EnglandWales 2023-07-01 2024-06-30 08996676 2022-06-30 08996676 2023-06-30 08996676 2022-07-01 2023-06-30 08996676 frs-core:CurrentFinancialInstruments 2023-06-30 08996676 frs-core:Non-currentFinancialInstruments 2023-06-30 08996676 frs-core:ShareCapital 2023-06-30 08996676 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 08996676
Shop Ox386 Investment Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 08996676
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 24,135,444 24,135,444
24,135,444 24,135,444
CURRENT ASSETS
Debtors 5 2,596 2,523
Cash at bank and in hand 344,211 574,020
346,807 576,543
Creditors: Amounts Falling Due Within One Year 6 (13,765,166 ) (13,677,340 )
NET CURRENT ASSETS (LIABILITIES) (13,418,359 ) (13,100,797 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,717,085 11,034,647
Creditors: Amounts Falling Due After More Than One Year 7 (9,298,800 ) (9,505,440 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (51,362 ) (37,138 )
NET ASSETS 1,366,923 1,492,069
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,366,823 1,491,969
SHAREHOLDERS' FUNDS 1,366,923 1,492,069
Page 1
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Ian NG
Director
18 March 2025
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Shop Ox386 Investment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08996676 . The registered office is 36-38 Westbourne Grove, Newton Road, London, W2 5SH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling , which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
The company has net current liabilities of £13,418,359 (2023: £13,100,797) at the balance sheet date which suggests that the going concern basis may not be appropriate. However, the director has given assurance that he will continue to provide support to the company to allow it to continue in operation for the foreseeable future. The director therefore considers it appropriate to prepare financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a
withdrawal of this support.
2.3. Turnover
Turnover is recognised at the fair value of the rent received or receivable .
2.4. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure . Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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 a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.
...CONTINUED
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2.5. Financial Instruments - continued
Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss , are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.
...CONTINUED
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2.5. Financial Instruments - continued
Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value though profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
2.6. Foreign Currencies
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.
2.7. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally
enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Investments
Other
£
Cost
As at 1 July 2023 24,135,444
As at 30 June 2024 24,135,444
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 24,135,444
As at 1 July 2023 24,135,444
The director considers that there has been no change to the open market value of the property since it was acquired.
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,596 2,523
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 206,640 206,640
Corporation tax - 19,529
VAT 27,500 27,500
Accruals and deferred income 178,441 176,143
Director's loan account 13,352,585 13,247,528
13,765,166 13,677,340
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank Loan more than one year 9,298,800 9,505,440
The loan is secured over the company investment property and a debenture incorporating a floating charge over all assets of the company. Interest is calculated at an annual rate of 1.45% over Daily Compounded SONIA. The loan is repayable in April 2027.
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
The company has taken advantage of the exemption contained within Financial Reporting Standard 8 and has not disclosed transactions or balances with entities that form part of the group.
At the year end, £13,352,585 (2023: £13,247,528) was owed to the director. The outstanding amount is
interest free and repayable on demand.
10. Ultimate Parent Undertaking and Controlling Party
The company is a wholly owned subsidiary of Success Factor International Limited, a company registered
in the British Virgin Islands and controlled by the director, Mr I Ng.
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