Acorah Software Products - Accounts Production 16.3.350 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 09675252 Mr Sanjeev Ashar Mr Pratap Ashar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09675252 2023-09-30 09675252 2024-09-30 09675252 2023-10-01 2024-09-30 09675252 frs-core:CurrentFinancialInstruments 2024-09-30 09675252 frs-core:Non-currentFinancialInstruments 2024-09-30 09675252 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 09675252 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09675252 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 09675252 frs-core:ShareCapital 2024-09-30 09675252 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 09675252 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09675252 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 09675252 frs-bus:SmallEntities 2023-10-01 2024-09-30 09675252 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09675252 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09675252 frs-bus:Director1 2023-10-01 2024-09-30 09675252 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 09675252 frs-countries:EnglandWales 2023-10-01 2024-09-30 09675252 2022-09-30 09675252 2023-09-30 09675252 2022-10-01 2023-09-30 09675252 frs-core:CurrentFinancialInstruments 2023-09-30 09675252 frs-core:Non-currentFinancialInstruments 2023-09-30 09675252 frs-core:ShareCapital 2023-09-30 09675252 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 09675252
Vivo Holdings Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Mirage Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09675252
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 224,000 224,000
224,000 224,000
CURRENT ASSETS
Debtors 5 101,120 101,869
Cash at bank and in hand 32,193 109,868
133,313 211,737
Creditors: Amounts Falling Due Within One Year 6 (454,164 ) (452,505 )
NET CURRENT ASSETS (LIABILITIES) (320,851 ) (240,768 )
TOTAL ASSETS LESS CURRENT LIABILITIES (96,851 ) (16,768 )
Creditors: Amounts Falling Due After More Than One Year 7 (405,403 ) (426,917 )
NET LIABILITIES (502,254 ) (443,685 )
CAPITAL AND RESERVES
Called up share capital 8 243,000 243,000
Profit and Loss Account (745,254 ) (686,685 )
SHAREHOLDERS' FUNDS (502,254) (443,685)
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Page 2
For the year ending 30 September 2024 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.
On behalf of the board
Mr Sanjeev Ashar
Director
20/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Vivo Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09675252 . The registered office is Unit 11 Genesis Business Park, Rainsford Road, London, NW10 7RG.
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 director has made representations that he will personally continue to support the company for the foreseeable future. On this basis, the director considers it appropriate to prepare the financial statements on the going concern 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:
Freehold Not depreciated
Depreciation is not provided for on the freehold building of the company.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.4. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle ona net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
...CONTINUED
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2.4. Financial Instruments - continued
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction,where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.5. Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 October 2023 655,518
As at 30 September 2024 655,518
Depreciation
As at 1 October 2023 431,518
As at 30 September 2024 431,518
Net Book Value
As at 30 September 2024 224,000
As at 1 October 2023 224,000
Freehold property is stated at cost as at 30 September 2016 less impairment losses. The property of the company was destroyed by fire on 27 September 2015. Negotiations to settle a claim in respect of the loss suffered by the company were finalised in April 2022, as disclosed further in the Exceptional Items note.
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5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 100,000 100,000
Other debtors 1,120 1,869
101,120 101,869
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 21,628 21,628
Amounts owed to participating interests 431,436 429,777
Other creditors 1,100 1,100
454,164 452,505
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 405,403 426,917
The bank loan is secured by way of a fixed legal charge on the freehold property, a floating charge and adebenture on the assets of the company.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 243,000 243,000
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