Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 08610747 Mr Daniele Nannoni true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08610747 2023-07-31 08610747 2024-07-31 08610747 2023-08-01 2024-07-31 08610747 frs-core:CurrentFinancialInstruments 2024-07-31 08610747 frs-core:FurnitureFittings 2024-07-31 08610747 frs-core:FurnitureFittings 2023-08-01 2024-07-31 08610747 frs-core:FurnitureFittings 2023-07-31 08610747 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 08610747 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 08610747 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 08610747 frs-core:MotorVehicles 2024-07-31 08610747 frs-core:MotorVehicles 2023-08-01 2024-07-31 08610747 frs-core:MotorVehicles 2023-07-31 08610747 frs-core:ShareCapital 2024-07-31 08610747 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 08610747 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08610747 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 08610747 frs-bus:SmallEntities 2023-08-01 2024-07-31 08610747 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08610747 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 08610747 1 2023-08-01 2024-07-31 08610747 frs-core:CostValuation 2023-07-31 08610747 frs-core:CostValuation 2024-07-31 08610747 frs-core:ProvisionsForImpairmentInvestments 2023-07-31 08610747 frs-core:ProvisionsForImpairmentInvestments 2024-07-31 08610747 frs-core:ListedExchangeTraded 2024-07-31 08610747 frs-core:ListedExchangeTraded 2023-07-31 08610747 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-07-31 08610747 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-07-31 08610747 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-07-31 08610747 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-07-31 08610747 frs-core:UnlistedNon-exchangeTraded 2024-07-31 08610747 frs-core:UnlistedNon-exchangeTraded 2023-07-31 08610747 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-31 08610747 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 08610747 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-31 08610747 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 08610747 frs-bus:Director1 2023-08-01 2024-07-31 08610747 frs-bus:Director1 2023-07-31 08610747 frs-bus:Director1 2024-07-31 08610747 frs-core:CurrentFinancialInstruments 5 2024-07-31 08610747 frs-countries:EnglandWales 2023-08-01 2024-07-31 08610747 2022-07-31 08610747 2023-07-31 08610747 2022-08-01 2023-07-31 08610747 frs-core:CurrentFinancialInstruments 2023-07-31 08610747 frs-core:ShareCapital 2023-07-31 08610747 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 08610747 frs-core:CurrentFinancialInstruments 5 2023-07-31
Registered number: 08610747
The Sneering Jester's Record Company Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08610747
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,468,713 1,472,199
Investments 5 164,816 164,816
1,633,529 1,637,015
CURRENT ASSETS
Debtors 6 328,609 250,092
Cash at bank and in hand 102,987 134,617
431,596 384,709
Creditors: Amounts Falling Due Within One Year 7 (2,319 ) (2,319 )
NET CURRENT ASSETS (LIABILITIES) 429,277 382,390
TOTAL ASSETS LESS CURRENT LIABILITIES 2,062,806 2,019,405
NET ASSETS 2,062,806 2,019,405
CAPITAL AND RESERVES
Called up share capital 8 161,998 161,998
Profit and Loss Account 1,900,808 1,857,407
SHAREHOLDERS' FUNDS 2,062,806 2,019,405
For the year ending 31 July 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 Daniele Nannoni
Director
14/04/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
The Sneering Jester's Record Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08610747 . The registered office is 19 The Circle, Queen Elizabeth Street, London, SE1 2JE.
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. 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:
Leasehold 0% on cost
Motor Vehicles 15% on cost
Fixtures & Fittings 25% on cost
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2023 1,455,216 19,995 5,607 1,480,818
As at 31 July 2024 1,455,216 19,995 5,607 1,480,818
Depreciation
As at 1 August 2023 - 3,499 5,120 8,619
Provided during the period - 2,999 487 3,486
As at 31 July 2024 - 6,498 5,607 12,105
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 July 2024 1,455,216 13,497 - 1,468,713
As at 1 August 2023 1,455,216 16,496 487 1,472,199
5. Investments
Listed Unlisted Other Total
£ £ £ £
Cost
As at 1 August 2023 1,365 954 162,497 164,816
As at 31 July 2024 1,365 954 162,497 164,816
Provision
As at 1 August 2023 - - - -
As at 31 July 2024 - - - -
Net Book Value
As at 31 July 2024 1,365 954 162,497 164,816
As at 1 August 2023 1,365 954 162,497 164,816
Investments represents the following:-
1) 100% shareholding in Abraxas Malta USD 1,499 equivalent to £954.
2) 50% shareholding in DFMK Singapore SGD 3,000 equivalent to £1,365.
3) 100% shareholding in Song Cycle Ltd £161,997.
4) 50% shareholding in IT Lyra Ltd £500.
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 7,179 1,350
Advance for Investement 23,735 23,736
Director's loan account 8,191 8,191
Amounts owed by group undertakings 289,504 216,815
328,609 250,092
Amounts owed to group undertaking consists of £160,479 to Song Cycle Ltd and £129,025 to Abraxas Int ltd.
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Loan for Investment in Abraxas Malta and DFMK 2,319 2,319
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 161,998 161,998
Page 3
Page 4
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Daniele Nannoni 8,191 - - - 8,191
The above loan is unsecured, interest free and repayable on demand.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Daniele Nannoni by virtue of his ownership of 75% or more of the issued share capital in the company.
Page 4