Acorah Software Products - Accounts Production 16.3.350 false true 30 June 2024 20 February 2024 false 1 July 2024 31 January 2025 31 January 2025 SC787756 Mr Kieran Parker Ms Arabella Page Croft iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC787756 2024-06-30 SC787756 2025-01-31 SC787756 2024-07-01 2025-01-31 SC787756 frs-core:CurrentFinancialInstruments 2025-01-31 SC787756 frs-core:Non-currentFinancialInstruments 2025-01-31 SC787756 frs-core:ShareCapital 2025-01-31 SC787756 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-01-31 SC787756 frs-bus:FilletedAccounts 2024-07-01 2025-01-31 SC787756 frs-bus:SmallEntities 2024-07-01 2025-01-31 SC787756 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-01-31 SC787756 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-01-31 SC787756 frs-bus:Director1 2024-07-01 2025-01-31 SC787756 frs-bus:Director2 2024-07-01 2025-01-31 SC787756 frs-countries:Scotland 2024-07-01 2025-01-31 SC787756 2024-02-19 SC787756 2024-06-30 SC787756 2024-02-20 2024-06-30 SC787756 frs-core:CurrentFinancialInstruments 2024-06-30 SC787756 frs-core:Non-currentFinancialInstruments 2024-06-30 SC787756 frs-core:ShareCapital 2024-06-30
Registered number: SC787756
The Island SPV Ltd
Unaudited Financial Statements
For the Period 1 July 2024 to 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC787756
31 January 2025 30 June 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 2,955,851 3,662,554
Cash at bank and in hand 4,373 177,961
2,960,224 3,840,515
Creditors: Amounts Falling Due Within One Year 5 (174,199 ) (1,054,490 )
NET CURRENT ASSETS (LIABILITIES) 2,786,025 2,786,025
TOTAL ASSETS LESS CURRENT LIABILITIES 2,786,025 2,786,025
Creditors: Amounts Falling Due After More Than One Year 6 (2,786,023 ) (2,786,023 )
NET ASSETS 2 2
CAPITAL AND RESERVES
Called up share capital 7 2 2
SHAREHOLDERS' FUNDS 2 2
Page 1
Page 2
For the period ending 31 January 2025 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 Kieran Parker
Director
13 May 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Island SPV Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC787756 . The registered office is 55a Partickhill Road, Glasgow, G11 5AB.
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 relates to the production of a TV programme. It represents the value of work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT. 
The value of work done in relation to long-term contracts and continuing services is determined by reference to the stage of completion of the relevant 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. Taxation
The tax currently payable is based on taxable profit for the year. The amount of tax reported includes corporation tax charged on the Audio Visual Expenditure Credit which in included in sales. A deferred tax asset has not been recognised in relation to the losses available as the company cannot be certain that this asset will be used in the future.
3. Average Number of Employees
During the shoot weeks, the average number of employees, including directors was: 89 (2024: 89)
89 89
4. Debtors
31 January 2025 30 June 2024
£ £
Due within one year
Amounts recoverable on contracts - 2,400
Prepayments and accrued income 2,866,908 2,835,015
Corporation tax recoverable assets 88,943 714,244
VAT - 110,895
2,955,851 3,662,554
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
31 January 2025 30 June 2024
£ £
Trade creditors - 82,745
Bank loans and overdrafts - 607,466
Other loans 162,498 162,498
Other creditors 3,451 153,790
Taxation and social security 8,250 47,991
174,199 1,054,490
6. Creditors: Amounts Falling Due After More Than One Year
31 January 2025 30 June 2024
£ £
Other loans 2,786,023 2,786,023
7. Share Capital
31 January 2025 30 June 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4