Acorah Software Products - Accounts Production 16.2.850 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11603359 Mr Jonathan Putsman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11603359 2024-03-31 11603359 2025-03-31 11603359 2024-04-01 2025-03-31 11603359 frs-core:CurrentFinancialInstruments 2025-03-31 11603359 frs-core:ShareCapital 2025-03-31 11603359 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11603359 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11603359 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11603359 frs-bus:SmallEntities 2024-04-01 2025-03-31 11603359 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11603359 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11603359 frs-core:ListedExchangeTraded 2025-03-31 11603359 frs-core:ListedExchangeTraded 2024-03-31 11603359 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 11603359 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-03-31 11603359 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 11603359 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-03-31 11603359 frs-bus:Director1 2024-04-01 2025-03-31 11603359 frs-countries:EnglandWales 2024-04-01 2025-03-31 11603359 2023-03-31 11603359 2024-03-31 11603359 2023-04-01 2024-03-31 11603359 frs-core:CurrentFinancialInstruments 2024-03-31 11603359 frs-core:ShareCapital 2024-03-31 11603359 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11603359
JP 54 Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Harris & Company (C.A.) Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11603359
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investments 4 300,000 300,000
300,000 300,000
CURRENT ASSETS
Debtors 5 178,750 71,252
Cash at bank and in hand 34,012 52,302
212,762 123,554
Creditors: Amounts Falling Due Within One Year 6 (506,229 ) (426,265 )
NET CURRENT ASSETS (LIABILITIES) (293,467 ) (302,711 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,533 (2,711 )
NET ASSETS/(LIABILITIES) 6,533 (2,711 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 6,532 (2,712 )
SHAREHOLDERS' FUNDS 6,533 (2,711)
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For the year ending 31 March 2025 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 Jonathan Putsman
Director
9 April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
JP 54 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11603359 . The registered office is 4-6 Canfield Place, London, NW6 3BT .
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 financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of the assumption depends upon the continued financial support of the company's shareholder.
If the company were unable to continue in existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts and to provide for any future liabilities that might arise.
2.3. 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.
2.4. Investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Investments
Listed
£
Cost
As at 1 April 2024 300,000
As at 31 March 2025 300,000
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 300,000
As at 1 April 2024 300,000
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5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 71,252
Other debtors 178,750 -
178,750 71,252
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 120
Other creditors 494,000 417,653
Taxation and social security 12,229 8,492
506,229 426,265
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
8. Related Party Disclosures
During the year the company charged consultancy fees of £84,700 (2024: £55,000) to a company wholly owned by the spouse of the director and commission of £20,478.67 (2024: £7,710) to another business owned by the spouse.
The company also collected fees on behalf of the spouse's business. The balance owed to the spouse's business as at the year-end was nil (2024: £51,403).
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