Acorah Software Products - Accounts Production 16.4.675 false true false 19 October 2023 31 March 2025 31 March 2025 15221966 Mr William Agnew iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15221966 2023-10-18 15221966 2025-03-31 15221966 2023-10-19 2025-03-31 15221966 frs-core:CurrentFinancialInstruments 2025-03-31 15221966 frs-core:Non-currentFinancialInstruments 2025-03-31 15221966 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-03-31 15221966 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-10-19 2025-03-31 15221966 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-10-18 15221966 frs-core:ShareCapital 2025-03-31 15221966 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 15221966 frs-bus:PrivateLimitedCompanyLtd 2023-10-19 2025-03-31 15221966 frs-bus:FilletedAccounts 2023-10-19 2025-03-31 15221966 frs-bus:SmallEntities 2023-10-19 2025-03-31 15221966 frs-bus:AuditExempt-NoAccountantsReport 2023-10-19 2025-03-31 15221966 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-19 2025-03-31 15221966 frs-bus:Director1 2023-10-19 2025-03-31 15221966 frs-countries:EnglandWales 2023-10-19 2025-03-31
Registered number: 15221966
Digital Licences Invest (UK) Limited
Unaudited Financial Statements
For the Period 19 October 2023 to 31 March 2025
TaxAssist Accountants
64 Southwark Bridge Road
London
SE1 0AS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15221966
31 March 2025
Notes £ £
FIXED ASSETS
Intangible Assets 4 331,335
331,335
CURRENT ASSETS
Debtors 5 227,019
Cash at bank and in hand 2,417
229,436
Creditors: Amounts Falling Due Within One Year 6 (13,175 )
NET CURRENT ASSETS (LIABILITIES) 216,261
TOTAL ASSETS LESS CURRENT LIABILITIES 547,596
Creditors: Amounts Falling Due After More Than One Year 7 (516,000 )
NET ASSETS 31,596
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account 31,496
SHAREHOLDERS' FUNDS 31,596
For the period 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.
On behalf of the board
Mr William Agnew
Director
21 July 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
Digital Licences Invest (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15221966 . The registered office is 64 Southwark Bridge Road, London, SE1 0AS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with Section 1A of the Financial Reporting Standard 102 (FRS 102) "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Companies Act 2006 applicable to companies subject to the small companies regime.
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 derived from fixed term licence investments. Turnover is stated net of rebates and other similar allowances.
Fixed term licence investments
Turnover from fixed term licence investments is recognised in accordance with the timing of the underlying revenues to which the licences relate. Revenue is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets comprise fixed term licence investments. These are initially recognised at cost and amortised to the profit and loss account on a straight line basis over the licence term.
At each reporting date, the carrying value of each licence is reviewed and remeasured to its fair value, determined as the present value of expected future cash flows deriving from the investment. Any difference between the amortised cost and the updated fair value is recognised in the profit and loss account in the period in which it arises.
If the fair value falls below the amortised carrying value, an impairment is recognised in the profit and loss account in the period in which it arises.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Intangible Assets
Intellectual Property
£
Cost or Valuation
As at 19 October 2023 -
Additions 296,100
Revaluations 66,297
As at 31 March 2025 362,397
Amortisation
As at 19 October 2023 -
Provided during the period 20,815
Impairment losses 10,247
As at 31 March 2025 31,062
Net Book Value
As at 31 March 2025 331,335
As at 19 October 2023 -
Page 2
Page 3
5. Debtors
31 March 2025
£
Due within one year
Other debtors 227,019
6. Creditors: Amounts Falling Due Within One Year
31 March 2025
£
Trade creditors 350
Other creditors 12,825
13,175
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2025
£
Other creditors 516,000
8. Share Capital
31 March 2025
£
Allotted, Called up and fully paid 100
Page 3