Acorah Software Products - Accounts Production 16.4.675 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 12322037 Mr V Gandhi Mr R Kumar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12322037 2023-11-30 12322037 2024-11-30 12322037 2023-12-01 2024-11-30 12322037 frs-core:CurrentFinancialInstruments 2024-11-30 12322037 frs-core:Non-currentFinancialInstruments 2024-11-30 12322037 frs-core:ShareCapital 2024-11-30 12322037 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 12322037 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 12322037 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 12322037 frs-bus:SmallEntities 2023-12-01 2024-11-30 12322037 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 12322037 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 12322037 frs-bus:Director1 2023-12-01 2024-11-30 12322037 frs-bus:Director2 2023-12-01 2024-11-30 12322037 frs-countries:EnglandWales 2023-12-01 2024-11-30 12322037 2022-11-30 12322037 2023-11-30 12322037 2022-12-01 2023-11-30 12322037 frs-core:CurrentFinancialInstruments 2023-11-30 12322037 frs-core:Non-currentFinancialInstruments 2023-11-30 12322037 frs-core:ShareCapital 2023-11-30 12322037 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 12322037
Vestrow Business Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 12322037
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 100 -
100 -
CURRENT ASSETS
Debtors 4 250,000 -
Cash at bank and in hand 761 906
250,761 906
Creditors: Amounts Falling Due Within One Year 5 (273,668 ) (263,067 )
NET CURRENT ASSETS (LIABILITIES) (22,907 ) (262,161 )
TOTAL ASSETS LESS CURRENT LIABILITIES (22,807 ) (262,161 )
Creditors: Amounts Falling Due After More Than One Year 6 (256,667 ) (16,667 )
NET LIABILITIES (279,474 ) (278,828 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement (279,574 ) (278,928 )
SHAREHOLDERS' FUNDS (279,474) (278,828)
For the year ending 30 November 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 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Vestrow Business Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12322037 . 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 are prepared in accordance with the FRS 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 have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the financial 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 period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates 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. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
Government Assistance
The company has received assistance in the form of a government backed loan (including Coronavirus Business Interruption Loan Scheme (CBILS),Coronavirus Large Business Interruption Loan Scheme (CLBILS), Bounce Back Loan Scheme (BBLS) and Future Fund Scheme) of which the outstanding balance as at the year end was £16,667. This is reported in the current and long term liabilities of the balance sheet based on the allocation of payments due within 12 months (£10,000) and greater than 12 months(£6,667).
2.6. 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.
2.7. 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.
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Page 3
2.8. 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
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 250,000 -
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Amounts owed to group undertakings 125,707 135,107
Amounts owed to parent undertaking 44,400 54,400
Amounts owed to connected undertaking 73,408 43,407
Amounts owed to joint venture 20,153 20,153
273,668 263,067
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans > 1year 6,667 16,667
Other loans 250,000 -
256,667 16,667
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
The nominal value per share is £1 and as at the year-end there are 100 Ordinary Shares in issue.
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8. Related Party Transactions
The company is a wholly owned subsidiary of Vestrow Limited. At the year end, the company owed the following amounts to related and connected parties. All balances are unsecured, interest free and repayable on demand:
  • Vestrow Limited (parent company): £44,400
  • Vestrow Property Limited (group company): £92,760
  • Vestrow Events Limited (group company): £32,947
  • Chiltern Estates Limited (connected company): £58,408
  • Thinc Digital Limited (connected company): £15,000
  • POPO Holdings Limited (joint venture company): £20,153
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