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 08952273 Mr Steven Brooks Mrs Kim Vale S B Squared Holding Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08952273 2023-12-31 08952273 2024-12-31 08952273 2024-01-01 2024-12-31 08952273 frs-core:Non-currentFinancialInstruments 2024-12-31 08952273 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08952273 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08952273 frs-core:PlantMachinery 2024-12-31 08952273 frs-core:PlantMachinery 2023-12-31 08952273 frs-core:ShareCapital 2024-12-31 08952273 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08952273 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08952273 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08952273 frs-bus:SmallEntities 2024-01-01 2024-12-31 08952273 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08952273 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08952273 1 2024-01-01 2024-12-31 08952273 frs-bus:Director1 2024-01-01 2024-12-31 08952273 frs-bus:Director2 2024-01-01 2024-12-31 08952273 frs-countries:EnglandWales 2024-01-01 2024-12-31 08952273 2022-12-31 08952273 2023-12-31 08952273 2023-01-01 2023-12-31 08952273 frs-core:Non-currentFinancialInstruments 2023-12-31 08952273 frs-core:ShareCapital 2023-12-31 08952273 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08952273
Gravity 42 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: 08952273
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 597 -
Cash at bank and in hand 40,808 34,536
41,405 34,536
Creditors: Amounts Falling Due Within One Year (1 ) -
NET CURRENT ASSETS (LIABILITIES) 41,404 34,536
TOTAL ASSETS LESS CURRENT LIABILITIES 41,404 34,536
Creditors: Amounts Falling Due After More Than One Year 6 (559,965 ) (524,215 )
NET LIABILITIES (518,561 ) (489,679 )
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account (518,562 ) (489,680 )
SHAREHOLDERS' FUNDS (518,561) (489,679)
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
Gravity 42 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 0895227. The registered office is 117 George Street, London, WiH 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. 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% Straight line basis
Computer Equipment 25% Straight line basis
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2024 9,980
As at 31 December 2024 9,980
Depreciation
As at 1 January 2024 9,980
As at 31 December 2024 9,980
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 597 -
Page 2
Page 3
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 559,965 524,215
7. Related Party Transactions
S B Squared Holding Limited
S B Squared Holding Limited is the ultimate parent company. During the year, the company received further working capital loans from S B Squared Holding Limited. This loan operates as an interest free loan. At the year end, £559,965 (2023: £524,215) was owed to S B Squared Holding Limited.
8. Ultimate Controlling Party
The company's ultimate controlling party is S B Squared Holding Ltd by virtue of their ownership of 100% of the issued share capital in the company.
Page 3