Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10161666 Mr Joseph Curtis Mr Charles Rawstron Mr Andrew Sellers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10161666 2023-12-31 10161666 2024-12-31 10161666 2024-01-01 2024-12-31 10161666 frs-core:CurrentFinancialInstruments 2024-12-31 10161666 frs-core:ComputerEquipment 2024-12-31 10161666 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10161666 frs-core:ComputerEquipment 2023-12-31 10161666 frs-core:FurnitureFittings 2024-12-31 10161666 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10161666 frs-core:FurnitureFittings 2023-12-31 10161666 frs-core:ShareCapital 2024-12-31 10161666 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10161666 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10161666 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10161666 frs-bus:SmallEntities 2024-01-01 2024-12-31 10161666 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10161666 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10161666 frs-bus:Director1 2024-01-01 2024-12-31 10161666 frs-bus:Director2 2024-01-01 2024-12-31 10161666 frs-bus:Director3 2024-01-01 2024-12-31 10161666 frs-countries:EnglandWales 2024-01-01 2024-12-31 10161666 2022-12-31 10161666 2023-12-31 10161666 2023-01-01 2023-12-31 10161666 frs-core:CurrentFinancialInstruments 2023-12-31 10161666 frs-core:ShareCapital 2023-12-31 10161666 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10161666
11 INVESTMENTS LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 10161666
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,733 16,560
10,733 16,560
CURRENT ASSETS
Debtors 5 1,153,660 1,136,674
Investments 6 500,152 212
Cash at bank and in hand 340,255 272,753
1,994,067 1,409,639
Creditors: Amounts Falling Due Within One Year 7 (1,819,067 ) (1,507,521 )
NET CURRENT ASSETS (LIABILITIES) 175,000 (97,882 )
TOTAL ASSETS LESS CURRENT LIABILITIES 185,733 (81,322 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,683 ) (4,140 )
NET ASSETS/(LIABILITIES) 183,050 (85,462 )
CAPITAL AND RESERVES
Called up share capital 8 300 300
Profit and Loss Account 182,750 (85,762 )
SHAREHOLDERS' FUNDS 183,050 (85,462)
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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 Profit and Loss Account.
On behalf of the board
Mr Joseph Curtis
Director
Mr Charles Rawstron
Director
Mr Andrew Sellers
Director
22nd July 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
11 INVESTMENTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 10161666 . The registered office is Formal House, 60 St George's Place, Cheltenham, Gloucestershire, GL50 3PN.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Fixtures & Fittings 20% Straight Line
Computer Equipment 33% Straight Line
2.4. 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.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 18 18
18 18
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 21,041 32,890 53,931
Additions 520 4,039 4,559
As at 31 December 2024 21,561 36,929 58,490
Depreciation
As at 1 January 2024 16,602 20,769 37,371
Provided during the period 2,170 8,216 10,386
As at 31 December 2024 18,772 28,985 47,757
...CONTINUED
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Net Book Value
As at 31 December 2024 2,789 7,944 10,733
As at 1 January 2024 4,439 12,121 16,560
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 48,951 794,690
Prepayments and accrued income 167,106 113,241
Other debtors 7,585 4,681
Amounts owed by related parties 930,018 224,062
1,153,660 1,136,674
6. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 500,152 212
Investments in subsidiary undertakings are shown at historical cost less provision for impairments in value.
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 69,720 496,308
Other taxes and social security 23,334 29,330
VAT 92,130 13,641
Other creditors 484,742 63,201
Accruals and deferred income 403,711 461,471
Pension Control - 3,900
Amounts owed to related parties 745,430 439,670
1,819,067 1,507,521
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
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9. Related Party Transactions
11 Recruitment Group Limited 
An amount of £3,000 is owed to the Company by 11 Recruitment Group Limited at year end.
J Curtis, C Rawstron,  and A Sellers, directors of the Company, are also directors of 11 Recruitment Group.
Finrox Limited 
A loan of £40,000 is owed to the Company by Finrox Ltd at year end.  
Throughout the year, the Company provided management services to Finrox Ltd with a value totaling £73,627 (VAT excl.). At year end, there was an amount of £9,264 (VAT incl.) outstanding and due to the Company. 
J Curtis,  a director of the Company,  is also a director of Finrox Ltd.  
Neartech Search Ltd
A loan of £40,000 is owed to the Company by Neartech Search Ltd at year end.  
Throughout the year, the Company provided management services to Neartech Search Ltd with a value totaling £89,176 (VAT excl.). At year end, there was an amount of £11,801 (VAT incl.) outstanding and due to the Company.  
J Curtis,  a director of the Company,  is also a director of Neartech Search Ltd.  
CCRawstron Investments Limited
An amount of £109,358 is owed to the Company by CCRawstron Investments Limited at year end.  
CCRawstron Investments Limited owns 33% of the shares of the Company. 
C Rawstron, a director of the Company,  is also a director of CCRawstron Investments Limited 
Joe Curtis Investments Limited
An amount of £75,247 is owed to the Company by Joe Curtis Investments Limited at year end.  
Joe Curtis Investments Limited owns 33% of the shares of the Company. 
J Curtis, a director of the Company, is also a director of Joe Curtis Investments Limited. 
Sellers Investments Limited
An amount of £120,275.82 is owed to the Company by Sellers Investments Limited at year end.  
Sellers Investments Limited owns 33% of the shares of the Company.  
A Sellers, a director of the Company, is also a director of Sellers Investments Limited. 
The Sales Recruitment Company Limited
An amount of £7,005 is owed to the Company by The Sales Recruitment Company Limited at year end.  
Throughout the year, the Company provided management services to The Sales Recruitment Company Limited with a value totaling £318,037 (VAT excl.). At year end, there was an amount of £46,478 (VAT incl.) outstanding and due to the Company. 
The Company owns 70% of the shares of The Sales Recruitment Company Limited.  
J Curtis, C Rawstron, and A Sellers, directors of the Company, are also directors of The Sales Recruitment Company Limited. 
Tenzing Search Limited
An amount of £39,685.75 is owed to the Company by Tenzing Search Limited at year end.  
Throughout the year, the Company provided management services to Tenzing Search Limited with a value totaling £65,508 (VAT excl.). At year end, there was an amount of £19,367 (VAT incl.) outstanding and due to the Company. 
J Curtis, a director of the Company,  is also a director of Tenzing Search Limited. 
Edenity Limited 
...CONTINUED
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9. Related Party Transactions - continued
An amount of £14,256 is owed to the Company by Edenity Limited at year end.  
J Curtis, a director of the Company, is also a director of Edenity Limited. 
Montagu West Limited
A loan of £25,229.89 is owed to the Company by Montagu West Limited at year end.  
Throughout the year, the Company provided management services to Montagu West Limited with a value totaling £99,718 (VAT excl.). At year end, there was an amount of £74,105 (VAT incl.) outstanding and due to the Company. 
The Company owns 51% of the shares of Montagu West Limited. 
J Curtis, a director of the Company, is also a director of Montagu West Limited. 
Tarka Talent Limited
Throughout the year, the Company provided management services to Tarka Talent Limited with a value totaling £371,915 (VAT excl.). At year end, there was an amount of £36,476 (VAT incl.) outstanding and due to the Company. 
The Company owns 60% of the shares of Tarka Talent Limited. 
J Curtis, a director of the Company, is also a director of Tarka Talent Limited. 
3Search Limited
There is a loan owed by the Company to 3Search Limited at year end of £745,430.23.   
Throughout the year, the Company provided management services to 3Search Limited with a value totaling £1,668,835 (VAT excl.). At year end, there was an amount of £271,257 (VAT incl.) outstanding and due to the Company. 
J Curtis, C Rawstron, and A Sellers, who are directors of the Company, are also directors of 3Search Limited.  
Higher Capital Consulting Limited
Throughout the year, the Company provided management services to Higher Capital Consulting Limited with a value totaling £137,936 (VAT excl.). At year end, there was an amount of £9,312 (VAT incl.) outstanding and due to the Company. 
The Company owns 21% of the shares of Higher Capital Consulting Limited.   
J Curtis, C Rawstron,  and A Sellers, directors of the Company, are also directors of Higher Capital Consulting Limited.   
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