Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 16 November 2022 false 1 January 2024 31 December 2024 31 December 2024 14488004 Yousef Khalawi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14488004 2023-12-31 14488004 2024-12-31 14488004 2024-01-01 2024-12-31 14488004 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 14488004 frs-core:OtherResidualIntangibleAssets 2024-12-31 14488004 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 14488004 frs-core:OtherResidualIntangibleAssets 2023-12-31 14488004 frs-core:PlantMachinery 2024-12-31 14488004 frs-core:PlantMachinery 2024-01-01 2024-12-31 14488004 frs-core:PlantMachinery 2023-12-31 14488004 frs-core:OtherReservesSubtotal 2024-12-31 14488004 frs-core:ShareCapital 2024-12-31 14488004 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14488004 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14488004 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14488004 frs-bus:SmallEntities 2024-01-01 2024-12-31 14488004 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14488004 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14488004 frs-core:CostValuation 2023-12-31 14488004 frs-core:AdditionsToInvestments 2024-12-31 14488004 frs-core:CostValuation 2024-12-31 14488004 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 14488004 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 14488004 frs-bus:Director1 2024-01-01 2024-12-31 14488004 frs-countries:EnglandWales 2024-01-01 2024-12-31 14488004 2022-11-15 14488004 2023-12-31 14488004 2022-11-16 2023-12-31 14488004 frs-core:OtherReservesSubtotal 2023-12-31 14488004 frs-core:ShareCapital 2023-12-31 14488004 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14488004
ICCIA Holding Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 14488004
31 December 2024 31 December 2023
Notes $ $ $ $
FIXED ASSETS
Intangible Assets 4 39,406 2,157,740
Tangible Assets 5 577 1,666
Investments in group undertakings and participating interests 6 3,263,744 1,023,299
3,303,727 3,182,705
CURRENT ASSETS
Debtors 7 998,751 368,196
Cash at bank and in hand 315,163 133,695
1,313,914 501,891
NET CURRENT ASSETS (LIABILITIES) 1,313,914 501,891
TOTAL ASSETS LESS CURRENT LIABILITIES 4,617,641 3,684,596
NET ASSETS 4,617,641 3,684,596
CAPITAL AND RESERVES
Called up share capital 8 2,001,184 1,184
Other reserves 3,295,455 4,086,896
Profit and Loss Account (678,998 ) (403,484 )
SHAREHOLDERS' FUNDS 4,617,641 3,684,596
For the year ending 31 December 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
Yousef Khalawi
Director
21/07/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
ICCIA Holding Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14488004 . The registered office is Quadrant House Floor 6, 4 Thomas More Square, London, E1W 1YW.
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.
The financial statements are prepared in US Dollars which is the functional currency of the company.
2.2. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expeeted future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Development costs           Once the project goes into use, straight line over the life of the project
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:
Plant & Machinery Three years straight line
2.4. Fixed asset investments
Interests in subsidiarics, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control undera contractual arrangement are
classified as jointly controlled entities.
2.5. Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated asarevaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Other
$
Cost
As at 1 January 2024 2,157,740
Additions 25,000
Disposals (2,143,334 )
As at 31 December 2024 39,406
Net Book Value
As at 31 December 2024 39,406
As at 1 January 2024 2,157,740
5. Tangible Assets
Plant & Machinery
$
Cost
As at 1 January 2024 3,300
As at 31 December 2024 3,300
Depreciation
As at 1 January 2024 1,634
Provided during the period 1,089
As at 31 December 2024 2,723
Net Book Value
As at 31 December 2024 577
As at 1 January 2024 1,666
6. Investments in group undertakings and participating interests
Other
$
Cost or Valuation
As at 1 January 2024 1,023,299
Additions 2,240,445
As at 31 December 2024 3,263,744
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 3,263,744
As at 1 January 2024 1,023,299
Page 3
Page 4
7. Debtors
31 December 2024 31 December 2023
$ $
Due within one year
Amounts owed by group undertakings 979,751 353,085
Other debtors 19,000 15,111
998,751 368,196
8. Share Capital
31 December 2024 31 December 2023
$ $
Allotted, Called up and fully paid 2,001,184 1,184
9. Other reserves
Other reserves are capital contributions that constitute investment funds provided in advance by the ultimate shareholders. The amounts are capital in nature and are not repayable.
Page 4