Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10462771 M Bradford T Rivett-Carnac K C Figueres Olsen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10462771 2023-12-31 10462771 2024-12-31 10462771 2024-01-01 2024-12-31 10462771 frs-core:CurrentFinancialInstruments 2024-12-31 10462771 frs-core:ComputerEquipment 2024-12-31 10462771 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10462771 frs-core:ComputerEquipment 2023-12-31 10462771 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 10462771 frs-core:FurnitureFittings 2024-12-31 10462771 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10462771 frs-core:FurnitureFittings 2023-12-31 10462771 frs-core:MotorVehicles 2024-12-31 10462771 frs-core:MotorVehicles 2024-01-01 2024-12-31 10462771 frs-core:MotorVehicles 2023-12-31 10462771 frs-core:OtherResidualIntangibleAssets 2024-12-31 10462771 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 10462771 frs-core:OtherResidualIntangibleAssets 2023-12-31 10462771 frs-core:PlantMachinery 2024-12-31 10462771 frs-core:PlantMachinery 2024-01-01 2024-12-31 10462771 frs-core:PlantMachinery 2023-12-31 10462771 frs-core:ShareCapital 2024-12-31 10462771 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10462771 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10462771 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10462771 frs-bus:SmallEntities 2024-01-01 2024-12-31 10462771 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10462771 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10462771 frs-core:UnlistedNon-exchangeTraded 2024-12-31 10462771 frs-core:UnlistedNon-exchangeTraded 2023-12-31 10462771 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 10462771 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 10462771 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 10462771 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 10462771 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 10462771 frs-bus:Director1 2024-01-01 2024-12-31 10462771 frs-bus:Director2 2024-01-01 2024-12-31 10462771 frs-bus:Director3 2024-01-01 2024-12-31 10462771 frs-countries:EnglandWales 2024-01-01 2024-12-31 10462771 2022-12-31 10462771 2023-12-31 10462771 2023-01-01 2023-12-31 10462771 frs-core:CurrentFinancialInstruments 2023-12-31 10462771 frs-core:ShareCapital 2023-12-31 10462771 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10462771
Global Optimism Strategy Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Mutu Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10462771
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,131 3,579
Tangible Assets 5 60,845 36,971
Investments 6 150,862 -
214,838 40,550
CURRENT ASSETS
Debtors 7 (128,732 ) 744,817
Cash at bank and in hand 1,238,847 1,942,417
1,110,115 2,687,234
Creditors: Amounts Falling Due Within One Year 8 (461,719 ) (917,295 )
NET CURRENT ASSETS (LIABILITIES) 648,396 1,769,939
TOTAL ASSETS LESS CURRENT LIABILITIES 863,234 1,810,489
NET ASSETS 863,234 1,810,489
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 863,233 1,810,488
SHAREHOLDERS' FUNDS 863,234 1,810,489
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For the year ending 31 December 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
T Rivett-Carnac
Director
19/05/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Global Optimism Strategy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10462771 . The registered office is 7 Chelsea Road, Bath, BA1 3DU.
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.
The accounts are presented in £ sterling.
In prior years the functional currency has been US Dollars. Comparative figures have been restated as £ sterling.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the 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. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation if it is possible to estimate there useful economic life.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 10 years straight line
Fixtures & Fittings 5 years straight line
Computer Equipment 3 years straight line
2.5. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
2.6. 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 profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 4,473
As at 31 December 2024 4,473
Amortisation
As at 1 January 2024 894
Provided during the period 448
As at 31 December 2024 1,342
Net Book Value
As at 31 December 2024 3,131
As at 1 January 2024 3,579
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 12,337 - 53,715 18,875 84,927
Additions - 33,980 - 7,275 41,255
As at 31 December 2024 12,337 33,980 53,715 26,150 126,182
...CONTINUED
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Depreciation
As at 1 January 2024 8,207 - 21,486 18,263 47,956
Provided during the period 1,033 3,398 10,743 2,207 17,381
As at 31 December 2024 9,240 3,398 32,229 20,470 65,337
Net Book Value
As at 31 December 2024 3,097 30,582 21,486 5,680 60,845
As at 1 January 2024 4,130 - 32,229 612 36,971
6. Investments
Unlisted
£
Cost
As at 1 January 2024 -
Additions 150,862
As at 31 December 2024 150,862
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 150,862
As at 1 January 2024 -
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 632,889 709,994
Other debtors (761,621) 34,823
(128,732 ) 744,817
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,088 83,737
Other creditors 20,628 451,954
Taxation and social security 425,003 381,604
461,719 917,295
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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10. Financial Instruments
HSBC Bank Plc holds a floating charge over the assets of the company in respect of a debenture credit facility totalling $250,000. The company utilized $50,000 of this facility during the year but this was repaid by the year end. The floating charge agreement is at 3% interest above the Bank of England base rate. 
During the year the company purchased shares in Oath Inc for £150,862. The shareholding is a 0.22% share in Oath Inc and has voting rights. 
11. Related Party Transactions
At the balance sheet date, K C Figueres Olsen was owed £413,496 (2023: £5,179) by the company.
At the balance sheet date, T C Rivett-Carnac was owed £473,583 (2023: £32,584) to the company. The loan was non-interest bearing and repayable on demand.
At the balance sheet date, the intercompany loan owed by Unknown Road Limited to Global Optimism Limited was Nil (2023: £196). T C Rivett-Carnac is a director of both companies. The loan was non-interest bearing and repayable on demand.
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