Acorah Software Products - Accounts Production 16.1.300 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 11219425 Mr Hugo McDonaugh Mr Mark Cachia Mr Edouard Bessire iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11219425 2024-02-29 11219425 2025-02-28 11219425 2024-03-01 2025-02-28 11219425 frs-core:CurrentFinancialInstruments 2025-02-28 11219425 frs-core:Non-currentFinancialInstruments 2025-02-28 11219425 frs-core:ComputerEquipment 2025-02-28 11219425 frs-core:ComputerEquipment 2024-03-01 2025-02-28 11219425 frs-core:ComputerEquipment 2024-02-29 11219425 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-01 2025-02-28 11219425 frs-core:FurnitureFittings 2025-02-28 11219425 frs-core:FurnitureFittings 2024-03-01 2025-02-28 11219425 frs-core:FurnitureFittings 2024-02-29 11219425 frs-core:OtherResidualIntangibleAssets 2025-02-28 11219425 frs-core:OtherResidualIntangibleAssets 2024-03-01 2025-02-28 11219425 frs-core:OtherResidualIntangibleAssets 2024-02-29 11219425 frs-core:SharePremium 2025-02-28 11219425 frs-core:ShareCapital 2025-02-28 11219425 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 11219425 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 11219425 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 11219425 frs-bus:SmallEntities 2024-03-01 2025-02-28 11219425 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 11219425 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 11219425 frs-bus:Director1 2024-03-01 2025-02-28 11219425 frs-bus:Director2 2024-03-01 2025-02-28 11219425 frs-bus:Director3 2024-03-01 2025-02-28 11219425 frs-countries:EnglandWales 2024-03-01 2025-02-28 11219425 2023-02-28 11219425 2024-02-29 11219425 2023-03-01 2024-02-29 11219425 frs-core:CurrentFinancialInstruments 2024-02-29 11219425 frs-core:Non-currentFinancialInstruments 2024-02-29 11219425 frs-core:SharePremium 2024-02-29 11219425 frs-core:ShareCapital 2024-02-29 11219425 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 11219425
Perpetual Altruism Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11219425
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,474,311 1,365,623
Tangible Assets 5 4,607 5,112
1,478,918 1,370,735
CURRENT ASSETS
Debtors 6 122,900 161,167
Cash at bank and in hand 93,965 314,143
216,865 475,310
Creditors: Amounts Falling Due Within One Year 7 (56,481 ) (52,143 )
NET CURRENT ASSETS (LIABILITIES) 160,384 423,167
TOTAL ASSETS LESS CURRENT LIABILITIES 1,639,302 1,793,902
Creditors: Amounts Falling Due After More Than One Year 8 (200,000 ) (200,000 )
NET ASSETS 1,439,302 1,593,902
CAPITAL AND RESERVES
Called up share capital 9 8 7
Share premium account 6,700,925 6,300,431
Profit and Loss Account (5,261,631 ) (4,706,536 )
SHAREHOLDERS' FUNDS 1,439,302 1,593,902
Page 1
Page 2
For the year ending 28 February 2025 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 Hugo McDonaugh
Director
31/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Perpetual Altruism Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11219425 . The registered office is Brock House, 19 Langham Street, London, W1W 6BP.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets are stated at cost less amortisation. Amortisation is provided on all intangible fixed assets over 10 years. The company has recognised the residual value of an intangible asset as zero unless there is an active market for the asset, residual value can be determined by reference to that market and it is probable that such a market will exist at the end of the asset’s useful life.
2.4. 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 4 Years Straight Line Method
Computer Equipment 3 Years Straight Line Method
2.5. 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.
2.6. Research and development
Expenditure on research is written off against profits in the year in which it is incurred. Development expenditure is capitalised and amortised over its useful life.
2.7. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 3)
2 3
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 March 2024 1,551,990
Additions 254,789
As at 28 February 2025 1,806,779
Amortisation
As at 1 March 2024 186,367
Provided during the period 146,101
As at 28 February 2025 332,468
Net Book Value
As at 28 February 2025 1,474,311
As at 1 March 2024 1,365,623
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2024 190 24,178 24,368
Additions - 5,033 5,033
As at 28 February 2025 190 29,211 29,401
Depreciation
As at 1 March 2024 78 19,178 19,256
Provided during the period 47 5,491 5,538
As at 28 February 2025 125 24,669 24,794
Net Book Value
As at 28 February 2025 65 4,542 4,607
As at 1 March 2024 112 5,000 5,112
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 7,475 7,475
Other debtors 115,425 153,692
122,900 161,167
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 31,275 26,957
Other creditors 19,142 19,715
Taxation and social security 6,064 5,471
56,481 52,143
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 200,000 200,000
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 8 7
Page 5