Acorah Software Products - Accounts Production 16.3.350 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 04082584 Mrs J Sennet Mr M Sennet iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04082584 2023-10-31 04082584 2024-10-31 04082584 2023-11-01 2024-10-31 04082584 frs-core:CurrentFinancialInstruments 2024-10-31 04082584 frs-core:FurnitureFittings 2024-10-31 04082584 frs-core:FurnitureFittings 2023-11-01 2024-10-31 04082584 frs-core:FurnitureFittings 2023-10-31 04082584 frs-core:ShareCapital 2024-10-31 04082584 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 04082584 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04082584 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 04082584 frs-bus:SmallEntities 2023-11-01 2024-10-31 04082584 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04082584 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04082584 frs-bus:Director1 2023-11-01 2024-10-31 04082584 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 04082584 frs-countries:EnglandWales 2023-11-01 2024-10-31 04082584 2022-10-31 04082584 2023-10-31 04082584 2022-11-01 2023-10-31 04082584 frs-core:CurrentFinancialInstruments 2023-10-31 04082584 frs-core:ShareCapital 2023-10-31 04082584 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 04082584
Exclusiva Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 04082584
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 121 162
121 162
CURRENT ASSETS
Debtors 5 - 89
Cash at bank and in hand 62 21
62 110
Creditors: Amounts Falling Due Within One Year 6 (33,955 ) (29,700 )
NET CURRENT ASSETS (LIABILITIES) (33,893 ) (29,590 )
TOTAL ASSETS LESS CURRENT LIABILITIES (33,772 ) (29,428 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (23 ) -
NET LIABILITIES (33,795 ) (29,428 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement (33,796 ) (29,429 )
SHAREHOLDERS' FUNDS (33,795) (29,428)
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Income Statement.
On behalf of the board
Mrs J Sennet
Director
07/05/2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Exclusiva Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04082584 . The registered office is C/O Goldwyns London LLP, No.1 Royal Exchange, London, EC3V 3DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The Director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Fixtures & Fittings 25% Reducing balance
2.5. 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 income statement.
2.6. 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, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.7. Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred Tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2.8. 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.
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Page 3
2.9. Critical Accounting Judgements And Key Source of Estimation Uncertainity
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the year end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2023 24,794
As at 31 October 2024 24,794
Depreciation
As at 1 November 2023 24,632
Provided during the period 41
As at 31 October 2024 24,673
Net Book Value
As at 31 October 2024 121
As at 1 November 2023 162
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 89
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,400 1,400
Director's loan account 32,555 28,300
33,955 29,700
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 23 -
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Page 4
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
The nominal value per share is £1 and as at the year-end there is 1 Ordinary shares in issue.
9. Related Party Transactions
As at the year-end, a directors' loan account balance of Mr J C Scennett, the director and shareholder of the company was £32,555. This amount is a current liability, interest free and repayable on demand.
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