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 12918324 Ambassador (Ret.) Johan Tejler Dr Djavad Salehi-Isfahani Mr Pirouzan Parvine Mrs Elham Geranmayeh Mr Esfandyar Batmanghelidj iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12918324 2023-10-31 12918324 2024-10-31 12918324 2023-11-01 2024-10-31 12918324 frs-core:CurrentFinancialInstruments 2024-10-31 12918324 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12918324 frs-bus:CompanyLimitedByGuarantee 2023-11-01 2024-10-31 12918324 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12918324 frs-bus:SmallEntities 2023-11-01 2024-10-31 12918324 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12918324 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12918324 frs-bus:Director1 2023-11-01 2024-10-31 12918324 frs-bus:Director2 2023-11-01 2024-10-31 12918324 frs-bus:Director3 2023-11-01 2024-10-31 12918324 frs-bus:Director4 2023-11-01 2024-10-31 12918324 frs-bus:Director5 2023-11-01 2024-10-31 12918324 frs-countries:EnglandWales 2023-11-01 2024-10-31 12918324 2022-10-31 12918324 2023-10-31 12918324 2022-11-01 2023-10-31 12918324 frs-core:CurrentFinancialInstruments 2023-10-31 12918324 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 12918324
Bourse & Bazaar Foundation
Unaudited Financial Statements
For The Year Ended 31 October 2024
Finerva
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12918324
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 - 2,728
Cash at bank and in hand 59 8,543
59 11,271
Creditors: Amounts Falling Due Within One Year 5 (114,882 ) (128,058 )
NET CURRENT ASSETS (LIABILITIES) (114,823 ) (116,787 )
TOTAL ASSETS LESS CURRENT LIABILITIES (114,823 ) (116,787 )
NET LIABILITIES (114,823 ) (116,787 )
Income and Expenditure Account (114,823 ) (116,787 )
MEMBERS' FUNDS (114,823) (116,787)
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 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 Income and Expenditure Account.
The financial statements were approved by the board of directors on 19 May 2025 and were signed on its behalf by:
Mr Esfandyar Batmanghelidj
Director
19 May 2025
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Bourse & Bazaar Foundation is a private company, limited by guarantee, incorporated in England & Wales, registered number 12918324 . The registered office is 10 Queen Street Place, London, EC4R 1BE.
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 directors believe that, notwithstanding net current liabilities and net liabilities of £114,823, the company’s financial statements should be prepared on a going concern basis. As the company’s activities and costs are predominately funded by grant income, and additional grant income and consultancy income was received after the year end, the directors consider that the company's funding will be adequate to enable the company to continue as a going concern and, will meet the company’s needs for a period of at least 12 months from the date of approval of these financial statements.
2.3. Turnover
Revenue is recognised to the extent that it is probable economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from a contract to provide services is recognised in the period in which the services are provided.
2.4. Financial Instruments
Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Impairment of financial assets

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 within profit or loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

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 surplus.
2.6. Taxation
Income tax expense represents the tax currently payable.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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.
Current tax is recognised in surplus or deficit for the year.
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2.7. Grants
Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees during the year was as follows: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 250
Other debtors - 2,478
- 2,728
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 594 4,936
Other creditors 114,288 121,179
Taxation and social security - 1,943
114,882 128,058
Included in other creditors is £88,590 (2023: £118,348) for deferred grant income where the performance-related reporting and expenditure conditions had not been met by 31 October 2024.
6. Company limited by guarantee
The company is limited by guarantee of members and does not have a share capital. The liability of members is limited to £1.
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