Acorah Software Products - Accounts Production 16.3.350 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 08817990 Mr Mark Hoskins Mr Gavin O'Callaghan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08817990 2023-08-31 08817990 2024-08-31 08817990 2023-09-01 2024-08-31 08817990 frs-core:CurrentFinancialInstruments 2024-08-31 08817990 frs-core:ShareCapital 2024-08-31 08817990 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08817990 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08817990 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 08817990 frs-bus:SmallEntities 2023-09-01 2024-08-31 08817990 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08817990 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08817990 frs-core:ListedExchangeTraded 2024-08-31 08817990 frs-core:ListedExchangeTraded 2023-08-31 08817990 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-08-31 08817990 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-08-31 08817990 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-08-31 08817990 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-08-31 08817990 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-08-31 08817990 frs-bus:Director1 2023-09-01 2024-08-31 08817990 frs-bus:Director2 2023-09-01 2024-08-31 08817990 frs-countries:EnglandWales 2023-09-01 2024-08-31 08817990 2022-08-31 08817990 2023-08-31 08817990 2022-09-01 2023-08-31 08817990 frs-core:CurrentFinancialInstruments 2023-08-31 08817990 frs-core:ShareCapital 2023-08-31 08817990 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 08817990
Corinthian Investments Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Shaw Wallace
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08817990
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 20,000 22,396
20,000 22,396
CURRENT ASSETS
Debtors 5 2 2
Cash at bank and in hand 2 2
4 4
Creditors: Amounts Falling Due Within One Year 6 (42,188 ) (41,523 )
NET CURRENT ASSETS (LIABILITIES) (42,184 ) (41,519 )
TOTAL ASSETS LESS CURRENT LIABILITIES (22,184 ) (19,123 )
NET LIABILITIES (22,184 ) (19,123 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (22,186 ) (19,125 )
SHAREHOLDERS' FUNDS (22,184) (19,123)
Page 1
Page 2
For the year ending 31 August 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 Mark Hoskins
Director
13/05/2025
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
Corinthian Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08817990 . The registered office is 43 Manchester Street, London, W1U 7LP.
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
These financial statements have been prepared on a going concern basis. The directors, having considered the financial position of the company for a period of at least twelve months from the date of signing these financial statements, have no reason to believe that a material uncertainty exist that may cast doubt about the ability of the company to continue as a going concern. The company has the continued support of the directors and the shareholders for a period of at least 12 months from the date of signing these financial statements.
Accordingly the directors have a reasonable expectation that the company will continue in operational existence and thus they adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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:
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.31 August 2024
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.
Basic financial assets
...CONTINUED
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2.5. Financial Instruments - continued
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.6. Fixed asset investments
Interests in other investments 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.
2.7. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments
Listed
£
Cost
As at 1 September 2023 22,396
Revaluations (2,396 )
As at 31 August 2024 20,000
Provision
As at 1 September 2023 -
As at 31 August 2024 -
...CONTINUED
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Net Book Value
As at 31 August 2024 20,000
As at 1 September 2023 22,396
Interests in other investments 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.
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 2 2
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 34,546 33,881
Other creditors 7,642 7,642
42,188 41,523
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Related Party Transactions
The company is a wholly owned subsidiary of Corinthian (London) Holdings Ltd and has taken advantage of the exemption permitted by FRS 102 section 33 Related Party Disclosure, not to provide details of transactions entered into with other wholly owned members of the group.
9. Parent company
The company is a 100% subsidiary of Corinthian (London) Holdings Ltd. The parent company's principal place of business is 56 Buckingham Gate, London, SW1E 6AE
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