Acorah Software Products - Accounts Production 16.4.675 false true false 1 December 2023 30 November 2024 30 November 2024 15291645 I Krezic iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15291645 2023-11-30 15291645 2024-11-30 15291645 2023-12-01 2024-11-30 15291645 frs-core:CurrentFinancialInstruments 2024-11-30 15291645 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-01 2024-11-30 15291645 frs-core:OtherResidualIntangibleAssets 2024-11-30 15291645 frs-core:OtherResidualIntangibleAssets 2023-12-01 2024-11-30 15291645 frs-core:OtherResidualIntangibleAssets 2023-11-30 15291645 frs-core:SharePremium 2024-11-30 15291645 frs-core:ShareCapital 2024-11-30 15291645 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 15291645 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 15291645 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 15291645 frs-bus:SmallEntities 2023-12-01 2024-11-30 15291645 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 15291645 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 15291645 frs-core:CostValuation 2023-11-30 15291645 frs-core:AdditionsToInvestments 2024-11-30 15291645 frs-core:CostValuation 2024-11-30 15291645 frs-core:ProvisionsForImpairmentInvestments 2023-11-30 15291645 frs-core:ProvisionsForImpairmentInvestments 2024-11-30 15291645 frs-bus:Director1 2023-12-01 2024-11-30 15291645 frs-countries:EnglandWales 2023-12-01 2024-11-30
Registered number: 15291645
Rolla Holdco Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 15291645
2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 2,473,767
Investments 5 102,067
2,575,834
CURRENT ASSETS
Debtors 6 2,573,512
Cash at bank and in hand 118,551
2,692,063
Creditors: Amounts Falling Due Within One Year 7 (655,852 )
NET CURRENT ASSETS (LIABILITIES) 2,036,211
TOTAL ASSETS LESS CURRENT LIABILITIES 4,612,045
NET ASSETS 4,612,045
CAPITAL AND RESERVES
Called up share capital 8 146,024
Share premium account 4,715,112
Profit and Loss Account (249,091 )
SHAREHOLDERS' FUNDS 4,612,045
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 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
I Krezic
Director
12/08/2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Rolla Holdco Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15291645 . The registered office is 2 New Bailey, 6 Stanley Street, Salford, Greater Manchester, M3 5GS.
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.
Functional and Presentational Currency
The company's functional and presentational currency is GBP.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is charged on a straight-line basis over the estimated useful life of the asset, which is five years (20% per annum). Amortisation is included in administrative expenses in the profit and loss account.
2.4. 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:
2.5. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
2.6. 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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2.7. 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.
2.8. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2.9. Investments
Interests in subsidiaries, 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 under a contractual arrangement are classified as jointly controlled entities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
4. Intangible Assets
Other
£
Cost
As at 1 December 2023 -
Additions 2,712,107
As at 30 November 2024 2,712,107
Amortisation
As at 1 December 2023 -
Provided during the period 238,340
As at 30 November 2024 238,340
Net Book Value
As at 30 November 2024 2,473,767
As at 1 December 2023 -
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Page 4
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 December 2023 -
Additions 102,067
As at 30 November 2024 102,067
Provision
As at 1 December 2023 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 102,067
As at 1 December 2023 -
6. Debtors
2024
£
Due within one year
Prepayments and accrued income 1,906
Other debtors 2,570,157
VAT 1,449
2,573,512
7. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 4,247
Amounts owed to group undertakings 651,605
655,852
8. Share Capital
2024
£
Allotted, Called up and fully paid 146,024
9. Related Party Transactions
Rolla Holdco Ltd owns 100% of the equity in Rolla D.O.O. and there was £651,605 due from the subsidiary at the year end.
As at 30th November 2024 there was £2,570,157 owed to the company from shareholders in relation to the 12th February 2024 subscription agreement.
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