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 10717501 Mr Dominic Boulding Mr Lucas Boulding Miss Bridget Sands iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10717501 2023-08-31 10717501 2024-08-31 10717501 2023-09-01 2024-08-31 10717501 frs-core:CurrentFinancialInstruments 2024-08-31 10717501 frs-core:Non-currentFinancialInstruments 2024-08-31 10717501 frs-core:ComputerEquipment 2024-08-31 10717501 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10717501 frs-core:ComputerEquipment 2023-08-31 10717501 frs-core:RevaluationReserve 2023-09-01 2024-08-31 10717501 frs-core:RevaluationReserve 2023-08-31 10717501 frs-core:RevaluationReserve 2024-08-31 10717501 frs-core:ShareCapital 2024-08-31 10717501 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10717501 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10717501 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10717501 frs-bus:SmallEntities 2023-09-01 2024-08-31 10717501 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10717501 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10717501 frs-bus:OrdinaryShareClass2 2023-09-01 2024-08-31 10717501 frs-bus:OrdinaryShareClass2 2024-08-31 10717501 frs-bus:OrdinaryShareClass3 2023-09-01 2024-08-31 10717501 frs-bus:OrdinaryShareClass3 2024-08-31 10717501 frs-core:CostValuation 2023-08-31 10717501 frs-core:AdditionsToInvestments 2024-08-31 10717501 frs-core:DisposalsRepaymentsInvestments 2024-08-31 10717501 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-08-31 10717501 frs-core:CostValuation 2024-08-31 10717501 frs-core:ListedExchangeTraded 2024-08-31 10717501 frs-core:ListedExchangeTraded 2023-08-31 10717501 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-08-31 10717501 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-08-31 10717501 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-08-31 10717501 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-08-31 10717501 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-08-31 10717501 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-08-31 10717501 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-08-31 10717501 frs-core:UnlistedNon-exchangeTraded 2024-08-31 10717501 frs-core:UnlistedNon-exchangeTraded 2023-08-31 10717501 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-08-31 10717501 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 10717501 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 10717501 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 10717501 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-08-31 10717501 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-08-31 10717501 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 10717501 frs-bus:Director1 2023-09-01 2024-08-31 10717501 frs-bus:Director2 2023-09-01 2024-08-31 10717501 frs-bus:Director3 2023-09-01 2024-08-31 10717501 frs-countries:EnglandWales 2023-09-01 2024-08-31 10717501 2022-08-31 10717501 2023-08-31 10717501 2022-09-01 2023-08-31 10717501 frs-core:CurrentFinancialInstruments 2023-08-31 10717501 frs-core:Non-currentFinancialInstruments 2023-08-31 10717501 frs-core:RevaluationReserve 2023-08-31 10717501 frs-core:ShareCapital 2023-08-31 10717501 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 10717501 frs-bus:OrdinaryShareClass2 2022-09-01 2023-08-31 10717501 frs-bus:OrdinaryShareClass3 2022-09-01 2023-08-31
Registered number: 10717501
Culverden Investment Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Shaikh & Co Ltd
Registered Auditors and Chartered Certified Accountants
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 10717501
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1,240
Investments 5 269,665 262,694
269,665 263,934
CURRENT ASSETS
Debtors 6 14,036 11,329
Cash at bank and in hand 39,353 17,965
53,389 29,294
Creditors: Amounts Falling Due Within One Year 7 (100,438 ) (100,437 )
NET CURRENT ASSETS (LIABILITIES) (47,049 ) (71,143 )
TOTAL ASSETS LESS CURRENT LIABILITIES 222,616 192,791
Creditors: Amounts Falling Due After More Than One Year 8 (200,000 ) (200,000 )
NET ASSETS/(LIABILITIES) 22,616 (7,209 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 (6,227 ) (34,380 )
Income Statement 28,743 27,071
SHAREHOLDERS' FUNDS 22,616 (7,209)
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 Income Statement.
On behalf of the board
Miss Bridget Sands
Director
29/05/2025
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
Culverden Investment Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10717501 . The registered office is 51 St Mary's Road, Tonbridge , Kent, TN9 2LE.
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 validity of the going concern assumption will depend on the continuing supprt of the directors and shareholders for the foreseeable future, together with the ability of the company to trade profitably in the future.  On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.  The financial statements do not include any adjustments that would result from a withdrawal of the above support. 
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:
Computer Equipment 25% straight line
2.4. Financial Instruments
A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Financial assets

Initial recognition and measurement
All financial assets are recognised initially at fair value plus, in the case of financial assets not recorded at fair value through profit or loss, transaction costs that are attributable to the acquisition of the financial asset.

Subsequent measurement
For purposes of subsequent measurement, the company's assets are classified as:

  • Investment at fair value through profit or loss; and
  • Loans and receivables

Investment at fair value through profit or loss
As the company's business is investing in financial assets with a view profiting from their total return in the form of income or capital gains, investments are designated as held at fair value through profit or loss on initial recognition. Financial assets at fair value through profit or loss are carried in the Statement of Financial Position at fair value. Gains and losses arising from investments designated as held at fair value through profit or loss are included in the Statement of Comprehensive Income in the year in which they arise.

Loans and receivables
Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. After initial measurement, such financial assets are subsequently measured at amortised cost using the effective interest method, less impairment. This category generally applies to the company's debt investment, interest receivable and trade and other receivables.

Financial liabilities
The company's financial liabilities include trade and other payables. Trade payables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 4,966
As at 31 August 2024 4,966
Depreciation
As at 1 September 2023 3,726
Provided during the period 1,240
As at 31 August 2024 4,966
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 1,240
5. Investments
Listed Unlisted Total
£ £ £
Cost
As at 1 September 2023 262,594 100 262,694
Additions 58,459 - 58,459
Disposals (75,957 ) - (75,957 )
Revaluations 24,469 - 24,469
As at 31 August 2024 269,565 100 269,665
Provision
As at 1 September 2023 - - -
As at 31 August 2024 - - -
Net Book Value
As at 31 August 2024 269,565 100 269,665
As at 1 September 2023 262,594 100 262,694
The market value of the listed investments has been very volatile and continues to fluctuate wildly due to an unprecedented combination of global factors, including the Coronavirus pandemic, loose US Government monetary policy, deeply rooted inflation, sanctions imposed as a result of the Ukraine war in Europe and the unfolding US banking crisis.
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 207 -
Amounts owed by group undertakings 13,829 11,329
14,036 11,329
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Directors' loan accounts 100,438 100,438
100,438 100,437
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 200,000 200,000
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
10 Ordinary A shares of £ 1.00 each 10 10
90 Ordinary B shares of £ 1.00 each 90 90
100 100
10. Reserves
Revaluation Reserve
£
As at 1 September 2023 (34,380 )
Surplus on revaluation 31,837
Transfer to profit and loss (3,684 )
As at 31 August 2024 (6,227 )
Page 5