Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 NI670855 Mr Oliver Cavanagh Mr Charles Dowd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI670855 2023-07-31 NI670855 2024-07-31 NI670855 2023-08-01 2024-07-31 NI670855 frs-core:CurrentFinancialInstruments 2024-07-31 NI670855 frs-core:ShareCapital 2024-07-31 NI670855 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 NI670855 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 NI670855 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 NI670855 frs-bus:SmallEntities 2023-08-01 2024-07-31 NI670855 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 NI670855 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 NI670855 frs-bus:Director1 2023-08-01 2024-07-31 NI670855 frs-bus:Director2 2023-08-01 2024-07-31 NI670855 frs-countries:NorthernIreland 2023-08-01 2024-07-31 NI670855 2022-07-31 NI670855 2023-07-31 NI670855 2022-08-01 2023-07-31 NI670855 frs-core:CurrentFinancialInstruments 2023-07-31 NI670855 frs-core:ShareCapital 2023-07-31 NI670855 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: NI670855
Gratsi Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Flare Partners LTD
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: NI670855
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 2,251 1,338
Cash at bank and in hand 20,111 12,771
22,362 14,109
Creditors: Amounts Falling Due Within One Year 5 (146,975 ) (128,053 )
NET CURRENT ASSETS (LIABILITIES) (124,613 ) (113,944 )
TOTAL ASSETS LESS CURRENT LIABILITIES (124,613 ) (113,944 )
NET LIABILITIES (124,613 ) (113,944 )
CAPITAL AND RESERVES
Called up share capital 6 2 2
Income Statement (124,615 ) (113,946 )
SHAREHOLDERS' FUNDS (124,613) (113,944)
For the year ending 31 July 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
Mr Oliver Cavanagh
Director
29/05/2025
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
Gratsi Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI670855 . The registered office is 18 Ormeau Avenue, Belfast, BT2 8HS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
2.3. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to  the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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
Page 2
Page 3
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,251 1,338
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 2
Amounts owed to group undertakings 142,475 111,135
Other creditors 4,500 16,916
146,975 128,053
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 3