Acorah Software Products - Accounts Production 16.1.300 false true true 29 February 2024 26 April 2023 false 1 March 2024 31 October 2024 31 October 2024 14829298 Mr Jeff Vanderpol iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14829298 2024-02-29 14829298 2024-10-31 14829298 2024-03-01 2024-10-31 14829298 frs-core:CurrentFinancialInstruments 2024-10-31 14829298 frs-core:Non-currentFinancialInstruments 2024-10-31 14829298 frs-core:ShareCapital 2024-10-31 14829298 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 14829298 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2024-10-31 14829298 frs-bus:FilletedAccounts 2024-03-01 2024-10-31 14829298 frs-bus:SmallEntities 2024-03-01 2024-10-31 14829298 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2024-10-31 14829298 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2024-10-31 14829298 frs-bus:Director1 2024-03-01 2024-10-31 14829298 frs-countries:EnglandWales 2024-03-01 2024-10-31 14829298 2023-04-25 14829298 2024-02-29 14829298 2023-04-26 2024-02-29 14829298 frs-core:CurrentFinancialInstruments 2024-02-29 14829298 frs-core:Non-currentFinancialInstruments 2024-02-29 14829298 frs-core:ShareCapital 2024-02-29 14829298 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 14829298
ONIB SPV Ltd
Unaudited Financial Statements
For the Period 1 March 2024 to 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14829298
31 October 2024 29 February 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 587,683 756,652
Cash at bank and in hand 128 2,896
587,811 759,548
Creditors: Amounts Falling Due Within One Year 5 (76,181 ) (63,216 )
NET CURRENT ASSETS (LIABILITIES) 511,630 696,332
TOTAL ASSETS LESS CURRENT LIABILITIES 511,630 696,332
Creditors: Amounts Falling Due After More Than One Year 6 (557,033 ) (621,328 )
NET (LIABILITIES)/ASSETS (45,403 ) 75,004
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (45,404 ) 75,003
SHAREHOLDERS' FUNDS (45,403) 75,004
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For the period 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 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 Jeff Vanderpol
Director
24 March 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
ONIB SPV Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14829298 . The registered office is C/O Affect Group Simpsons Fm, Pentlow, Sudbury, CO10 7JT.
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 director and other participating interests have confirmed that they will continue to give financial support to the company until such time as its position improves. In addition they have confirmed that they will not recall their loans within 12 months. The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.
2.3. Turnover
Turnover relates to the production of a film. It represents the value of work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT. 
The value of work done in relation to long-term contracts and continuing services is determined by reference to the stage of completion of the relevant contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
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 year 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.
The company has claimed a Creative Industries tax credit to reduce the amount of tax payable which may result in an overall amount repayable to the company.
A deferred tax asset has not been recognised in relation to the losses available as the company cannot be certain that this asset will be used in the future.
3. Average Number of Employees
The company is producing a film entitled “One Night in Bath”. In common with the film and television industry, the majority of crew are hired on short term contracts for the duration of principal photography or are self-employed. Average number of employees, including directors, during the period was: NIL (2024: NIL)
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4. Debtors
31 October 2024 29 February 2024
£ £
Due within one year
Prepayments and accrued income 557,033 621,328
Other debtors - 2,218
Corporation tax recoverable assets 10,896 130,461
VAT 163 2,645
Amounts owed by group undertakings 19,591 -
587,683 756,652
Accrued income b/fwd is $784,427 loans received to finance the film coverted as £621,328 at the end of year exchange rate. This period there was a further $14,995 (£11,977) received and a repayment of $95,448 (£76,272).
5. Creditors: Amounts Falling Due Within One Year
31 October 2024 29 February 2024
£ £
Trade creditors 3,460 24,085
Other loans 23,438 25,555
Accruals and deferred income 3,500 3,500
Director's loan account 56,174 2,404
Amounts owed to parent undertaking (10,391 ) 7,672
76,181 63,216
6. Creditors: Amounts Falling Due After More Than One Year
31 October 2024 29 February 2024
£ £
Other loans 557,033 621,328
7. Share Capital
31 October 2024 29 February 2024
£ £
Allotted, Called up and fully paid 1 1
8. Related Party Transactions
During the period, all related-party transactions that took place arose on an arm’s-length basis through the normal course of business. As such, no transactions with related parties were undertaken such as are required to be disclosed under FRS102 Section 1A.
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