Acorah Software Products - Accounts Production 16.1.300 false true true false 3 April 2025 30 June 2023 30 December 2024 30 December 2024 14972808 Mr Artti Aurasmaa Mr David Atherton Staria OYJ 7 Mikonkatu, Helsinki, Finland, 00100 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14972808 2023-06-29 14972808 2024-12-30 14972808 2023-06-30 2024-12-30 14972808 frs-core:CurrentFinancialInstruments 2024-12-30 14972808 frs-core:BetweenOneFiveYears 2024-12-30 14972808 frs-core:WithinOneYear 2024-12-30 14972808 frs-core:ShareCapital 2024-12-30 14972808 frs-core:RetainedEarningsAccumulatedLosses 2024-12-30 14972808 frs-bus:PrivateLimitedCompanyLtd 2023-06-30 2024-12-30 14972808 frs-bus:FilletedAccounts 2023-06-30 2024-12-30 14972808 frs-bus:SmallEntities 2023-06-30 2024-12-30 14972808 frs-bus:Audited 2023-06-30 2024-12-30 14972808 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-30 2024-12-30 14972808 1 2023-06-30 2024-12-30 14972808 frs-bus:Director1 2023-06-30 2024-12-30 14972808 frs-bus:Director2 2023-06-30 2024-12-30 14972808 frs-countries:EnglandWales 2023-06-30 2024-12-30
Registered number: 14972808
Staria Limited
Financial Statements
For the Period 30 June 2023 to 30 December 2024
Goodwille Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 14972808
30 December 2024
Notes £ £
CURRENT ASSETS
Debtors 4 144,495
Cash at bank and in hand 274,918
419,413
Creditors: Amounts Falling Due Within One Year 5 (330,592 )
NET CURRENT ASSETS (LIABILITIES) 88,821
TOTAL ASSETS LESS CURRENT LIABILITIES 88,821
NET ASSETS 88,821
CAPITAL AND RESERVES
Called up share capital 6 1
Profit and Loss Account 88,820
SHAREHOLDERS' FUNDS 88,821
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 Artti Aurasmaa
Director
03/04/2025
The notes on pages 2 to 5 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Staria Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14972808 . The registered office is First Floor, 5 Fleet Place, London, EC4M 7RD.
The principal trading activity of the business consists of financial management, ERP solutions, and automation for growing businesses.
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.
2.3. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates, and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.
2.4. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Financial Instruments
The Company only enters into basic financial instrument 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 non-puttable 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.
2.7. 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.
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2.8. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Debtors
Basic financial assets, including trade and other debtors, are intially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
2.11. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
2.12. Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
2.13. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2.14. Disclosure of long or short period
The company was incorporated on 30 June 2023. The company’s yearend date is 30 December 2024. These financial statements are therefore for the long period from 30 June 2023 to 30 December 2024. There are no comparatives as this is the first period of account.
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3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 7
7
4. Debtors
30 December 2024
£
Due within one year
Trade debtors 125,335
Prepayments and accrued income 19,159
Amounts owed by group undertakings 1
144,495
5. Creditors: Amounts Falling Due Within One Year
30 December 2024
£
Trade creditors 3,816
Corporation tax 34,414
Other taxes and social security 97,907
VAT 16,801
Net wages 93,874
Other creditors 2,348
Accruals and deferred income 9,743
Amounts owed to group undertakings 71,689
330,592
6. Share Capital
30 December 2024
£
Allotted, Called up and fully paid 1
7. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
30 December 2024
£
Not later than one year 10,650
Later than one year and not later than five years 7,988
18,638
8. Dividends
No dividends were proposed or paid during the period. 
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9. Related Party Transactions
The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 33. 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose transactions with entities that are wholly owned members of the group.
10. Ultimate Parent Undertaking and Controlling Party
The parent company of the smallest group in which these financial statements are consolidated is Staria OYJ, a company incorporated in Finland. The registered office of Staria OYJ is 7 Mikonkatu, Helsinki, Finland, 00100.
11. Audit Information
The auditor's report on the accounts of Staria Limited for the period ended 30 December 2024 was unqualified.
The auditor's report was signed by David Wheeler (Senior Statutory Auditor) for and on behalf of Bourner Bullock , Statutory Auditor.
Bourner Bullock
Chartered Accountants
114 St Martin’s Lane
Covent Garden
London
WC2N 4BE
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