Acorah Software Products - Accounts Production 16.2.800 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04195124 Mr Matthew Woodcock Mr Aidan Mahoney Mr Matthew Woodcock Mr A. Mahoney true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04195124 2023-06-30 04195124 2024-06-30 04195124 2023-07-01 2024-06-30 04195124 frs-core:CurrentFinancialInstruments 2024-06-30 04195124 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 04195124 frs-core:NetGoodwill 2024-06-30 04195124 frs-core:NetGoodwill 2023-07-01 2024-06-30 04195124 frs-core:NetGoodwill 2023-06-30 04195124 frs-core:OtherResidualIntangibleAssets 2024-06-30 04195124 frs-core:OtherResidualIntangibleAssets 2023-06-30 04195124 frs-core:SharePremium 2024-06-30 04195124 frs-core:ShareCapital 2024-06-30 04195124 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04195124 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04195124 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04195124 frs-bus:SmallEntities 2023-07-01 2024-06-30 04195124 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04195124 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04195124 1 2023-07-01 2024-06-30 04195124 frs-core:CostValuation 2023-06-30 04195124 frs-core:CostValuation 2024-06-30 04195124 frs-core:ProvisionsForImpairmentInvestments 2023-06-30 04195124 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 04195124 frs-bus:Director1 2023-07-01 2024-06-30 04195124 frs-bus:Director2 2023-07-01 2024-06-30 04195124 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 04195124 frs-countries:EnglandWales 2023-07-01 2024-06-30 04195124 2022-06-30 04195124 2023-06-30 04195124 2022-07-01 2023-06-30 04195124 frs-core:CurrentFinancialInstruments 2023-06-30 04195124 frs-core:SharePremium 2023-06-30 04195124 frs-core:ShareCapital 2023-06-30 04195124 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 04195124
Motives Group Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04195124
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 5 1,524,114 1,524,114
1,524,114 1,524,114
CURRENT ASSETS
Debtors 6 4,500 -
Cash at bank and in hand 266 20,162
4,766 20,162
Creditors: Amounts Falling Due Within One Year 7 (347,660 ) (360,786 )
NET CURRENT ASSETS (LIABILITIES) (342,894 ) (340,624 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,181,220 1,183,490
NET ASSETS 1,181,220 1,183,490
CAPITAL AND RESERVES
Called up share capital 8 103,794 103,794
Share premium account 70,180 70,180
Profit and Loss Account 1,007,246 1,009,516
SHAREHOLDERS' FUNDS 1,181,220 1,183,490
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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
Mr Aidan Mahoney
Director
20th March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Motives Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04195124 . The registered office is 118 The Record Hall Baldwins Gardens, London, EC1N 7RJ.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 
Rendering of services
Turnover arises from the provision of management services to group companies. Sevices are charged at market rate.
Revenue is recognised when the amount of revenue can be measured reliably; it is probable that the assocaited economic benfits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. 
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are trade marks. They are amortised to profit and loss account over there estimated economic life of 10 years.
2.5. 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.
2.6. Consolidation
The company has taken advantage of the option to not prepare consolidated financial statements contained in section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 July 2023 200,000 500 200,500
As at 30 June 2024 200,000 500 200,500
Amortisation
As at 1 July 2023 200,000 500 200,500
As at 30 June 2024 200,000 500 200,500
Net Book Value
As at 30 June 2024 - - -
As at 1 July 2023 - - -
5. Investments
Subsidiaries
£
Cost
As at 1 July 2023 1,524,114
As at 30 June 2024 1,524,114
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 1,524,114
As at 1 July 2023 1,524,114
Under the provision of section 398 of the Coampnies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
Subsidiaries Investment
Interior Motives International Limited £1,323,576
Interior Motives Limited (dormant) £100,000
The companies main place of business are in the UK.
All companies are incorportated in England and Wales and wholly owned subsidiaries.
Class of share capital, Profit /(loss) before tax & Reserves in year to 30/06/2024:
Interior Motives International Ltd Ord £1 £50,979 £520,418
Interior Motives Limited (dormant) Ord £1 £- £2
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,500 -
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 325,000 325,000
Other creditors 9,497 850
Taxation and social security 13,163 34,936
347,660 360,786
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 103,794 103,794
9. Related Party Transactions
Management fees of £144,900 (2023 £255,250) were received from Interior Motives International Limited, a Group Company.
The following balances were outstanding at the year end with group companies:
Interior Motives International Limited - Loan Account £325,000 Creditor
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr A. Mahoney by virtue of his ownership of 51% of the issued share capital in the company.
11. Contingencies
A composite guarantee in favour National Westminster Bank plc has been signed by Motives Group Limited and Interior Motives International Limited.
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