Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 06705423 Mr J P Speake iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06705423 2024-03-31 06705423 2025-03-31 06705423 2024-04-01 2025-03-31 06705423 frs-core:Non-currentFinancialInstruments 2025-03-31 06705423 frs-core:ComputerEquipment 2024-04-01 2025-03-31 06705423 frs-core:MotorVehicles 2024-04-01 2025-03-31 06705423 frs-core:ShareCapital 2025-03-31 06705423 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 06705423 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06705423 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 06705423 frs-bus:SmallEntities 2024-04-01 2025-03-31 06705423 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06705423 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06705423 frs-bus:OrdinaryShareClass1 2024-04-01 2025-03-31 06705423 frs-bus:OrdinaryShareClass1 2025-03-31 06705423 frs-bus:Director1 2024-04-01 2025-03-31 06705423 frs-bus:Director1 2024-03-31 06705423 frs-bus:Director1 2025-03-31 06705423 frs-countries:EnglandWales 2024-04-01 2025-03-31 06705423 2023-03-31 06705423 2024-03-31 06705423 2023-04-01 2024-03-31 06705423 frs-core:Non-currentFinancialInstruments 2024-03-31 06705423 frs-core:ShareCapital 2024-03-31 06705423 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06705423 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31
Registered number: 06705423
Palantir Ventures Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 06705423
2025 2024
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 11,111 24,516
Cash at bank and in hand 102,779 83,896
113,890 108,412
Creditors: Amounts Falling Due Within One Year (100,660 ) (103,607 )
NET CURRENT ASSETS (LIABILITIES) 13,230 4,805
TOTAL ASSETS LESS CURRENT LIABILITIES 13,230 4,805
Creditors: Amounts Falling Due After More Than One Year (2,013 ) (10,000 )
NET ASSETS/(LIABILITIES) 11,217 (5,195 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 11,216 (5,196 )
SHAREHOLDERS' FUNDS 11,217 (5,195)
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr J P Speake
Director
17 June 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Palantir Ventures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06705423 . The registered office is 20 - 22 Wenlock Road, London, N1 7GU.
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. 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. 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:
Motor Vehicles 100% Straight line
Computer Equipment 100% Straight line
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: 1 (2024: 1)
1 1
4. Tangible Assets
Total
£
Cost
As at 1 April 2024 21,444
Additions 2,279
Disposals (6,537 )
As at 31 March 2025 17,186
Depreciation
As at 1 April 2024 21,444
Provided during the period 2,279
Disposals (6,537 )
As at 31 March 2025 17,186
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
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5. Debtors
2025 2024
£ £
Due after more than one year
Other debtors 7,800 7,800
Debtors includes £7,800 (2024: £7,800) due after more than one year.
6. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Justin Speake 6,094 3,311 6,094 - 3,311
During the year the company made unsecured, interest free, repayable on demand loans to the director via the provision of a facility which could be drawn against. At the balance sheet date the director owed the company £3,311 (2024: £6,094).
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