Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2022 1 January 2022 false 1 January 2023 31 March 2024 31 March 2024 10696267 Mr Francesco Marini Mr Matteo Rock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10696267 2022-12-31 10696267 2024-03-31 10696267 2023-01-01 2024-03-31 10696267 frs-core:CurrentFinancialInstruments 2024-03-31 10696267 frs-core:ComputerEquipment 2024-03-31 10696267 frs-core:ComputerEquipment 2023-01-01 2024-03-31 10696267 frs-core:ComputerEquipment 2022-12-31 10696267 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 10696267 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 10696267 frs-core:RevaluationReserve 2022-12-31 10696267 frs-core:RevaluationReserve 2024-03-31 10696267 frs-core:ShareCapital 2024-03-31 10696267 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10696267 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 10696267 frs-bus:FilletedAccounts 2023-01-01 2024-03-31 10696267 frs-bus:SmallEntities 2023-01-01 2024-03-31 10696267 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 10696267 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-03-31 10696267 frs-core:UnlistedNon-exchangeTraded 2024-03-31 10696267 frs-core:UnlistedNon-exchangeTraded 2022-12-31 10696267 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 10696267 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 10696267 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 10696267 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 10696267 frs-bus:Director1 2023-01-01 2024-03-31 10696267 frs-bus:Director2 2023-01-01 2024-03-31 10696267 frs-countries:EnglandWales 2023-01-01 2024-03-31 10696267 2021-12-31 10696267 2022-12-31 10696267 2022-01-01 2022-12-31 10696267 frs-core:CurrentFinancialInstruments 2022-12-31 10696267 frs-core:RevaluationReserve 2022-12-31 10696267 frs-core:ShareCapital 2022-12-31 10696267 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10696267
SN Capital Management Ltd
Unaudited Financial Statements
For the Period 1 January 2023 to 31 March 2024
Richard Riley & Associates Ltd
Unit 37d Monument Park
Chalgrove
Oxford
Oxfordshire
OX44 7RW
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10696267
31 March 2024 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,373 4,373
Investments 6 655 655
5,028 5,028
CURRENT ASSETS
Debtors 7 - 3,327
Cash at bank and in hand 1,000 18,788
1,000 22,115
Creditors: Amounts Falling Due Within One Year 8 (8,736 ) 12,495
NET CURRENT ASSETS (LIABILITIES) (7,736 ) 34,610
TOTAL ASSETS LESS CURRENT LIABILITIES (2,708 ) 39,638
NET (LIABILITIES)/ASSETS (2,708 ) 39,638
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Revaluation reserve 10 1,536 1,536
Profit and Loss Account (5,244 ) 37,102
SHAREHOLDERS' FUNDS (2,708) 39,638
Page 1
Page 2
For the period ending 31 March 2024 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 Matteo Rock
Director
8th May 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
SN Capital Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10696267 . The registered office is 23 Condray Place, London, SW11 3PE.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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:
Computer Equipment 50% Straight Line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
Page 3
Page 4
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2023 21,864
As at 31 March 2024 21,864
Amortisation
As at 1 January 2023 17,491
As at 31 March 2024 17,491
Net Book Value
As at 31 March 2024 4,373
As at 1 January 2023 4,373
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 1,221
As at 31 March 2024 1,221
Depreciation
As at 1 January 2023 1,221
As at 31 March 2024 1,221
Net Book Value
As at 31 March 2024 -
As at 1 January 2023 -
6. Investments
Unlisted
£
Cost
As at 1 January 2023 655
As at 31 March 2024 655
Provision
As at 1 January 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 655
As at 1 January 2023 655
Page 4
Page 5
7. Debtors
31 March 2024 31 December 2022
£ £
Due within one year
VAT - 3,113
Other taxes and social security - 214
- 3,327
8. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 December 2022
£ £
Trade creditors 1 -
Other loans - (3,500 )
Shareholder Loan 8,735 -
Corporation tax - (8,995 )
8,736 (12,495 )
9. Share Capital
31 March 2024 31 December 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Reserves
Revaluation Reserve
£
As at 1 January 2023 1,536
As at 31 March 2024 1,536
Page 5