Acorah Software Products - Accounts Production 16.1.300 false true true false 22 April 2025 No description of principal activity 24 July 2023 31 December 2024 31 December 2024 15025096 Ms Yan Ying true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15025096 2023-07-23 15025096 2024-12-31 15025096 2023-07-24 2024-12-31 15025096 frs-core:CurrentFinancialInstruments 2024-12-31 15025096 frs-core:SharePremium 2024-12-31 15025096 frs-core:ShareCapital 2024-12-31 15025096 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15025096 frs-bus:PrivateLimitedCompanyLtd 2023-07-24 2024-12-31 15025096 frs-bus:FullAccounts 2023-07-24 2024-12-31 15025096 frs-bus:SmallEntities 2023-07-24 2024-12-31 15025096 frs-bus:Audited 2023-07-24 2024-12-31 15025096 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-24 2024-12-31 15025096 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-07-24 2024-12-31 15025096 frs-bus:OrdinaryShareClass1 2023-07-24 2024-12-31 15025096 frs-bus:OrdinaryShareClass1 2024-12-31 15025096 1 2023-07-24 2024-12-31 15025096 frs-bus:Director1 2023-07-24 2024-12-31 15025096 frs-bus:Director1 2024-12-31 15025096 frs-countries:EnglandWales 2023-07-24 2024-12-31
Registered number: 15025096
Pylon Technologies UK Ltd
Director's Report and
Financial Statements
For the Period 24 July 2023 to 31 December 2024
Contents
Page
Company Information 1
Director's Report 2
Independent Auditor's Report 3—5
Income Statement 6
Statement of Financial Position 7
Notes to the Financial Statements 8—9
Page 1
Company Information
Director Ms Yan Ying
Company Number 15025096
Registered Office 85 Great Portland Street
First Floor
London
W1W 7LT
Auditors Millet Accountants Ltd
Chartered Accountants and Statutory Auditors
Aldgate Tower
2 Leman Street
London
E1 8FA
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Director's Report
The director presents her report and the financial statements for the period ended 31 December 2024.
Directors
The director who held office during the period were as follows:
Ms Yan Ying Appointed 24/07/2023
Incorporation
The company was incorporated on the 24 July 2023 and extended its financial period to 31 December, hence this period is a 17 month period.
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Director's Report is approved:
  • so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
  • they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Ms Yan Ying
Director
22/04/2025
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Independent Auditor's Report
Opinion
We have audited the financial statements of Pylon Technologies UK Ltd for the period ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 - Section 1A for Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:
  • give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit/(loss) for the period then ended;
  • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to smaller entities; and
  • have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
  • the information given in the Director's Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
  • the Director's Report have been prepared in accordance with applicable legal requirements.
Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Director's Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
  • adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
  • the financial statements are not in agreement with the accounting records or returns; or
  • certain disclosures of director's remuneration specified by law are not made; or
  • we have not received all the information and explanations we require for our audit, or
  • the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Director's Report and from the requirement to prepare a Strategic Report.
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Responsibilities of Directors
As explained more fully in the Director's Responsibilities Statement set out on page 2, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 
Irregularities, including fraud, are instances of non-compliance with laws and regulations.  We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respects of irregularities, including fraud.  The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 
The objectives of our audit, in respect to fraud, are; to identify and assess the risks of material misstatement of the financial statement due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud and suspected fraud identified during the audit.  However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.
Our approach was as follows:
We obtained an understanding of the legal and regulatory frameworks that was applicable to the Company.  We determined that the most significant laws and regulations which are directly relevant to specific assertions in the financial statements are those related to the reporting framework (FRS 102 1A and the Companies Act 2006), and tax in the United Kingdom.
We understood how the company is complying with those legal and regulatory frameworks by making enquiries of management and those responsible for legal and compliance procedures.  We corroborate our enquiries through discussion with the director.  There were no legal matters detected through our audit procedure.
We assessed the susceptibility of the company’s financial statements to material misstatement, including how fraud might occur by meeting with management to understand where it is considered there was a susceptibility of fraud.  We also considered potential fraud drivers: including financial and other pressures, opportunity, and personal or corporate motivations.  We considered the programmes and controls that the company has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programmes and controls.  Where the risk was considered higher, we performed audit procedures to address each identified fraud risk. These procedures included reviewing large and unusual bank transactions; collaborating information provided by management; and testing large samples of transactions.
Our audit procedures were designed to respond to risk of material misstatement in the financial statements recognizing that the risk of not detecting a material misstatement due to fraud is higher that the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for  example, forgery, misrepresentations or through collusion.  There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use Of Our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
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Andrew Millet BA MBA FCA (Senior Statutory Auditor)
for and on behalf of Millet Accountants Ltd , Statutory Auditor
22/04/2025
Millet Accountants Ltd
Chartered Accountants and Statutory Auditors
Aldgate Tower
2 Leman Street
London
E1 8FA
Page 5
Page 6
Income Statement
31 December 2024
Notes £
Administrative expenses (179,738 )
OPERATING LOSS AND LOSS FOR THE FINANCIAL PERIOD (179,738 )
The notes on pages 8 to 9 form part of these financial statements.
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Statement of Financial Position
31 December 2024
Notes £ £
CURRENT ASSETS
Cash at bank and in hand 434,982
434,982
Creditors: Amounts Falling Due Within One Year 6 (14,720 )
NET CURRENT ASSETS (LIABILITIES) 420,262
TOTAL ASSETS LESS CURRENT LIABILITIES 420,262
NET ASSETS 420,262
CAPITAL AND RESERVES
Called up share capital 7 10,000
Share premium account 590,000
Income Statement (179,738 )
SHAREHOLDERS' FUNDS 420,262
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Ms Yan Ying
Director
22/04/2025
The notes on pages 8 to 9 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pylon Technologies UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15025096 . The registered office is 85 Great Portland Street, First Floor, London, W1W 7LT.
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.
Presentation currency
The accounts are presented in £ sterling.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Financial Instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in nonputtable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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
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 period, 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 period was: 1
1
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4. Director's remuneration
31 December 2024
£
Emoluments 120,011
Company contributions to money purchase pension schemes 1,431
121,442
5. Operating Loss
The operating loss is stated after charging:
Audit fees                                                                                                                                 
                                                                                                                                    3,000
6. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Amounts owed to group undertakings 6,057
Other creditors 5,481
Taxation and social security 3,182
14,720
7. Share Capital
31 December 2024
Allotted, called up and fully paid £
1,000 Ordinary Shares of £ 10.00 each 10,000
The company was incorporated on the 24 July 2023 and subscribers invested £600,000 to acquire 1,000 Ordinary £10 shares.
8. Ultimate Parent Undertaking and Controlling Party
The company's parent undertaking is Pylon Technologies Europe Holding B.V, a company registered in Netherlands and a fellow subsidiary of the ultimate parent undertaking, Pylon Technologies Co., Ltd.
The ultimate parent undertaking is Pylon Technologies Co., Ltd, a company listed in China.
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