Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2022 1 May 2022 false 25 June 2025 1 January 2023 31 December 2023 31 December 2023 03727106 Mr Richard Valtr Mr Matthijs Welle Mews Systems B.V. true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03727106 2022-12-31 03727106 2023-12-31 03727106 2023-01-01 2023-12-31 03727106 frs-core:CurrentFinancialInstruments 2023-12-31 03727106 frs-core:ComputerEquipment 2023-12-31 03727106 frs-core:ComputerEquipment 2023-01-01 2023-12-31 03727106 frs-core:ComputerEquipment 2022-12-31 03727106 frs-core:ShareCapital 2023-12-31 03727106 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03727106 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03727106 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03727106 frs-bus:SmallEntities 2023-01-01 2023-12-31 03727106 frs-bus:Audited 2023-01-01 2023-12-31 03727106 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03727106 1 2023-01-01 2023-12-31 03727106 frs-bus:Director1 2023-01-01 2023-12-31 03727106 frs-bus:Director2 2023-01-01 2023-12-31 03727106 frs-core:CurrentFinancialInstruments 9 2023-12-31 03727106 frs-countries:EnglandWales 2023-01-01 2023-12-31 03727106 2022-04-30 03727106 2022-12-31 03727106 2022-05-01 2022-12-31 03727106 frs-core:CurrentFinancialInstruments 2022-12-31 03727106 frs-core:ShareCapital 2022-12-31 03727106 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 03727106 frs-core:CurrentFinancialInstruments 2 2022-12-31 03727106 frs-core:CurrentFinancialInstruments 9 2022-12-31
Registered number: 03727106
Databasics Hospitality Systems Limited
Financial Statements
For The Year Ended 31 December 2023
CAD Accountancy Ltd
Office 1, The Warehouse
Anchor Quay
Penryn
Cornwall
TR10 8GZ
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—6
Page 1
Company Information
Directors Mr Richard Valtr
Mr Matthijs Welle
Company Number 03727106
Registered Office Tremough Innovation Centre
Penryn
Cornwall
TR10 9TA
Accountants CAD Accountancy Ltd
Institute of Chartered Accountants in England & Wales
Office 1, The Warehouse
Anchor Quay
Penryn
Cornwall
TR10 8GZ
Auditors Gravita Audit II Limited
Aldgate Tower
2 Leman Street
London
E1 8FA
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Page 2
Balance Sheet
Registered number: 03727106
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,410 8,015
1,410 8,015
CURRENT ASSETS
Debtors 5 1,026,918 888,215
Cash at bank and in hand 64,874 57,988
1,091,792 946,203
Creditors: Amounts Falling Due Within One Year 6 (299,099 ) (325,488 )
NET CURRENT ASSETS (LIABILITIES) 792,693 620,715
TOTAL ASSETS LESS CURRENT LIABILITIES 794,103 628,730
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,077 ) (1,887 )
NET ASSETS 792,026 626,843
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 792,024 626,841
SHAREHOLDERS' FUNDS 792,026 626,843
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.
The financial statements were approved by the board of directors on 25 June 2025 and were signed on its behalf by:
Mr Richard Valtr
Director
Mr Matthijs Welle
Director
25th June 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Databasics Hospitality Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03727106 . The registered office is Tremough Innovation Centre, Penryn, Cornwall, TR10 9TA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard Applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. As explained in note 2.2, the directors do not consider Databasics Hospitality Systems Limited to be a going concern, and have therefore prepared the financial statements on a basis other than the going concern basis. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
The directors believe that the going concern basis is not appropriate as the company has ceased trading as of 31 December 2024.  For this reason, the accounts have been prepared on the break-up basis. In preparing the financial statements on this basis, the directors have considered the following:
The carrying amounts of the entity’s assets have been adjusted to reflect their estimated realisable values, rather than their values under the going concern basis.
Liabilities are reported based on their settlement values, which may differ from the amounts recognised under the going concern assumption. Any provision for liabilities is based on the amount expected to be settled on liquidation.
The Property,  Plant and Equipment assets are carried at their estimated net realisable values rather than their carrying amounts that would apply if the entity were considered a going concern.
Any provisions or contingent liabilities are recognised at the best estimate of the amount required to settle the obligation in the event of liquidation.
The equity section reflects the amounts expected to be available to shareholders or members upon liquidation, rather than the amounts that would have been available under a going concern basis.
2.3. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are carried at their estimated net realisable values rather than their historical cost or carrying amounts that would apply if the entity were considered a going concern.
Computer Equipment 15% Reducing Balance
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2.5. 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.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2022: 14)
21 14
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 9,567
As at 31 December 2023 9,567
Depreciation
As at 1 January 2023 1,552
Provided during the period 6,605
As at 31 December 2023 8,157
...CONTINUED
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Net Book Value
As at 31 December 2023 1,410
As at 1 January 2023 8,015
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 139,262 245,493
Prepayments and accrued income 426,898 9,345
Other debtors 2,790 3,744
Other taxes and social security - 3,508
568,950 262,090
Due after more than one year
Amounts owed by group undertakings 457,968 626,125
1,026,918 888,215
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 9,422 6,540
Corporation tax 90,064 154,146
Other taxes and social security 5,744 -
VAT 7,279 31,088
Credit card - 299
Pension contributions unpaid 3,188 -
Accruals and deferred income 183,402 133,415
299,099 325,488
7. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 2 2
8. FRC's Ethical Standard - Provision Available for Small Entities
We do not use our auditors to prepare and submit returns to the tax authorities or assist with the preparation of the financial statements.
9. Ultimate Controlling Party
The company’s ultimate controlling party is Mews Systems B.V. by virtue of their ownership of 100% of the issued share capital in the company. Mews Systems B.V. heads the largest and smallest group for which consolidated accounts are prepared – the consolidated accounts are available to the public and may be obtained from Tremough Innovation Centre, Penryn, Cornwall, United Kingdom, TR10 9TA
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10. Audit Information
The auditor's report on the accounts of Databasics Hospitality Systems Limited for the year ended 31 December 2023 was unqualified.
The auditors emphasised the following matter without qualifying their report:
We draw attention to note 2.2 to the financial statements which explains that the company ceased trading on 31 December 2024, and therefore the directors do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in note 2.2. Our opinion is not modified in respect of this matter. 
The auditor's report was signed by Daniel Howarth (Senior Statutory Auditor) for and on behalf of Gravita Audit II Limited , Statutory Auditor.
Gravita Audit II Limited
Aldgate Tower
2 Leman Street
London
E1 8FA
Page 6