Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08747379 Mr Steven Brooks Mrs Kim Vale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08747379 2023-12-31 08747379 2024-12-31 08747379 2024-01-01 2024-12-31 08747379 frs-core:CurrentFinancialInstruments 2024-12-31 08747379 frs-core:RevaluationReserve 2023-12-31 08747379 frs-core:RevaluationReserve 2024-12-31 08747379 frs-core:ShareCapital 2024-12-31 08747379 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08747379 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08747379 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08747379 frs-bus:SmallEntities 2024-01-01 2024-12-31 08747379 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08747379 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08747379 frs-core:UnlistedNon-exchangeTraded 2024-12-31 08747379 frs-core:UnlistedNon-exchangeTraded 2023-12-31 08747379 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 08747379 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 08747379 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 08747379 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 08747379 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 08747379 frs-bus:Director1 2024-01-01 2024-12-31 08747379 frs-bus:Director2 2024-01-01 2024-12-31 08747379 frs-countries:EnglandWales 2024-01-01 2024-12-31 08747379 2022-12-31 08747379 2023-12-31 08747379 2023-01-01 2023-12-31 08747379 frs-core:CurrentFinancialInstruments 2023-12-31 08747379 frs-core:RevaluationReserve 2023-12-31 08747379 frs-core:ShareCapital 2023-12-31 08747379 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08747379
S B Squared HLI Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Back Office Support Solutions Ltd
Unit 326 Canalot Studios
222 Kensal Road
London
W10 5BN
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08747379
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 340,613 3,988,513
340,613 3,988,513
Creditors: Amounts Falling Due Within One Year 5 (3,133,310 ) (3,131,510 )
NET CURRENT ASSETS (LIABILITIES) (3,133,310 ) (3,131,510 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,792,697 ) 857,003
NET (LIABILITIES)/ASSETS (2,792,697 ) 857,003
CAPITAL AND RESERVES
Called up share capital 18 18
Revaluation reserve 6 (2,773,248 ) 874,652
Profit and Loss Account (19,467 ) (17,667 )
SHAREHOLDERS' FUNDS (2,792,697) 857,003
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
Mrs Kim Vale
Director
4th June 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
S B Squared HLI Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08747379 . The registered office is 117 George Street, London, W1H 7HF.
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 company made a loss for the year and the balance sheet at year end date shows an insolvent position. However, the directors have arranged adequate funding to finance the company's continuing activities and to enable it to pay its debts as and when they fall due for payment, and accordingly they consider that the company is a going concern and thus the financial statements have been prepared on this basis.
2.3. Investments policy
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are recognised in the revaluation reserve.
2.4. Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are recognised in the revaluation reserve.
3. Average Number of Employees
Average number of employees during the year was as follows: NIL (2023: NIL)
- -
4. Investments
Unlisted
£
Cost
As at 1 January 2024 3,988,513
Revaluations (3,647,900 )
As at 31 December 2024 340,613
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 340,613
As at 1 January 2024 3,988,513
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 3,133,310 3,131,510
Page 2
Page 3
6. Reserves
Revaluation Reserve
£
As at 1 January 2024 874,652
Deficit on revaluation (3,647,900)
As at 31 December 2024 (2,773,248 )
7. Related Party Transactions
Ultimate controlling party:
The ultimate controlling party is Mr S B Brooks. The Company's ultimate parent is S B Squared Holding Limited, incorporated in England and Wales registered number 07869810.
Summary of transactions with parent:
During the financial period, S B Squared Holding Limited advanced the company £1,800 (2023: £1,800). At the end of the financial period, the company owed S B Squared Holding Limited £3,133,310 (2023: £3,131,510).
Page 3