Acorah Software Products - Accounts Production 16.4.660 false true false 12 October 2023 31 October 2024 31 October 2024 15208218 Mr Alexander Naughton Mr Loïc Berthou Mr David Skyes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15208218 2023-10-11 15208218 2024-10-31 15208218 2023-10-12 2024-10-31 15208218 frs-core:CurrentFinancialInstruments 2024-10-31 15208218 frs-core:OtherReservesSubtotal 2023-10-11 15208218 frs-core:OtherReservesSubtotal 2024-10-31 15208218 frs-core:ShareCapital 2023-10-11 15208218 frs-core:ShareCapital 2024-10-31 15208218 frs-core:RetainedEarningsAccumulatedLosses 2023-10-12 2024-10-31 15208218 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-10-11 15208218 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 15208218 frs-bus:PrivateLimitedCompanyLtd 2023-10-12 2024-10-31 15208218 frs-bus:FilletedAccounts 2023-10-12 2024-10-31 15208218 frs-bus:SmallEntities 2023-10-12 2024-10-31 15208218 frs-bus:AuditExempt-NoAccountantsReport 2023-10-12 2024-10-31 15208218 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-12 2024-10-31 15208218 frs-bus:Director1 2023-10-12 2024-10-31 15208218 frs-bus:Director2 2023-10-12 2024-10-31 15208218 frs-bus:Director3 2023-10-12 2024-10-31 15208218 frs-countries:EnglandWales 2023-10-12 2024-10-31
Registered number: 15208218
Qlarifi Holdings Limited
Unaudited Financial Statements
For the Period 12 October 2023 to 31 October 2024
JML Business Services Limited
25 Church Street
Godalming
Surrey
GU7 1EL
Contents
Page
Balance Sheet 1
Statement of Changes in Equity 2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 15208218
31 October 2024
Notes £ £
CURRENT ASSETS
Debtors 4 791,494
Investments 5 1
Cash at bank and in hand 455,043
1,246,538
Creditors: Amounts Falling Due Within One Year 6 (1,501 )
NET CURRENT ASSETS (LIABILITIES) 1,245,037
TOTAL ASSETS LESS CURRENT LIABILITIES 1,245,037
NET ASSETS 1,245,037
CAPITAL AND RESERVES
Called up share capital 7 1
Other reserves 1,323,614
Profit and Loss Account (78,578 )
SHAREHOLDERS' FUNDS 1,245,037
For the period ending 31 October 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
Mr Alexander Naughton
Director
Mr Loïc Berthou
Director
Mr David Skyes
Director
11/07/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 1
Page 2
Statement of Changes in Equity
Share Capital Other reserves Profit and Loss Account Total
£ £ £ £
As at 12 October 2023 - - - -
Loss for the period and total comprehensive income - - (78,578 ) (78,578)
Arising on shares issued during the period 1 - - 1
Movements type A - 1,323,614 - 1,323,614
As at 31 October 2024 1 1,323,614 (78,578 ) 1,245,037
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Qlarifi Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15208218 . The registered office is College House 2nd Floor, 17 King Edwards Road, Ruislip, HA4 7AE.
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. Financial Instruments
The company’s SAFE (Simple Agreement for Future Equity) notes are classified as equity instruments as they represent a contractual right to future equity rather than a financial liability. In accordance with FRS 102, these financial instruments are initially recognised at historic cost, which corresponds to the cash received from investors.
Subsequent measurement is at historic cost, with no revaluation or fair value adjustment applied unless there is evidence of impairment or a triggering event requiring reclassification. No interest or dividend expense is recognised in relation to these instruments prior to conversion.
This policy reflects the company's current interpretation based on the terms and conditions of the outstanding SAFEs and will be reviewed in the event of a conversion, revaluation trigger, or change in the relevant contractual provisions.
2.3. 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.
2.4. Investments in subsidiaries
Investments in subsidiaries are initially recognised at cost and are subsequently measured at cost less any accumulated impairment losses. Revaluations are not undertaken, and the carrying amount is only adjusted if there is objective evidence of impairment. This approach reflects the company’s policy to measure subsidiary investments using the cost model in accordance with FRS 102.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Debtors
31 October 2024
£
Due within one year
Amounts owed by group undertakings 791,493
Other debtors 1
791,494
5. Current Asset Investments
31 October 2024
£
Shares in subsidiaries 1
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
31 October 2024
£
Trade creditors 1
Other creditors 1,500
1,501
7. Share Capital
31 October 2024
£
Called Up Share Capital not Paid 1
Amount of Allotted, Called Up Share Capital 1
Page 4