Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12366462 Mr V P Gandhi Mr R Kumar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12366462 2023-12-31 12366462 2024-12-31 12366462 2024-01-01 2024-12-31 12366462 frs-core:CurrentFinancialInstruments 2024-12-31 12366462 frs-core:Non-currentFinancialInstruments 2024-12-31 12366462 frs-core:ShareCapital 2024-12-31 12366462 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12366462 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12366462 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12366462 frs-bus:SmallEntities 2024-01-01 2024-12-31 12366462 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12366462 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12366462 frs-bus:Director1 2024-01-01 2024-12-31 12366462 frs-bus:Director2 2024-01-01 2024-12-31 12366462 frs-countries:EnglandWales 2024-01-01 2024-12-31 12366462 2022-12-31 12366462 2023-12-31 12366462 2023-01-01 2023-12-31 12366462 frs-core:CurrentFinancialInstruments 2023-12-31 12366462 frs-core:Non-currentFinancialInstruments 2023-12-31 12366462 frs-core:ShareCapital 2023-12-31 12366462 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12366462
Vestrow Events Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 12366462
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 32,981 37,547
Cash at bank and in hand 619 853
33,600 38,400
Creditors: Amounts Falling Due Within One Year 5 (26,503 ) (16,532 )
NET CURRENT ASSETS (LIABILITIES) 7,097 21,868
TOTAL ASSETS LESS CURRENT LIABILITIES 7,097 21,868
Creditors: Amounts Falling Due After More Than One Year 6 (12,387 ) (23,274 )
NET LIABILITIES (5,290 ) (1,406 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement (5,390 ) (1,506 )
SHAREHOLDERS' FUNDS (5,290) (1,406)
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 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 Income Statement.
On behalf of the board
Mr R Kumar
Director
04/08/2025
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
Vestrow Events Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12366462 . The registered office is 22-25 Portman Close, London, W1H 6BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The directors have considered the prospect of the business for the next twelve months and beyond and have arrived at a reasonable expectation that the company will continue to meet its obligations as they fall due. The directors have also pledged their financial support to assist with this if required. On this basis, the directors will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it related to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
2.5. Financial Instruments
The company only enters into basic financial transactions that result in the recoginition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other parties, loans to related parties and investments in non- puttable ordinary shares.
2.6. Cash And Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.7. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
Page 2
Page 3
4. Debtors
2024 2023
£ £
Due within one year
Other debtors - 100
Amounts owed by parent undertakings 32,947 35,447
Amounts owed by connected undertakings 34 2,000
32,981 37,547
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 34 -
Bank loans and overdrafts 10,000 9,932
Accruals and deferred income 1,871 -
Amounts owed to group undertakings 14,598 6,600
26,503 16,532
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,387 23,274
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
The nominal value per share is £1 and as at year-end, there are 100 Ordinary shares in issue.
8. Related Party Transactions
As at the year-end, Vestrow Busines Limited, a parent company, owed the company £32,947. This amount is a current asset, interest free and repayable on demand.
As at the year-end, Cato Services Ltd, a connected company, owed the company £34. This amount is a current asset, interest free and repayable on demand.
As at the year-end, the company owed Vestrow Limited, a group company, £14,498. This amount is a current liability, interest free and repayable on demand.
As at the year-end, the company owed Vestrow Property Limited, a group company, £100. This amount is a current liability, interest free and repayable on demand.
Page 3