Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 8 July 2022 false 1 January 2024 31 December 2024 31 December 2024 14223357 Mr Jason Tracey Mr Owen Tracey Ms Kerree Kerr iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14223357 2023-12-31 14223357 2024-12-31 14223357 2024-01-01 2024-12-31 14223357 frs-core:Non-currentFinancialInstruments 2024-12-31 14223357 frs-core:ShareCapital 2024-12-31 14223357 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14223357 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14223357 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 14223357 frs-bus:SmallEntities 2024-01-01 2024-12-31 14223357 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14223357 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14223357 frs-bus:Director1 2024-01-01 2024-12-31 14223357 frs-bus:Director2 2024-01-01 2024-12-31 14223357 frs-bus:Director3 2024-01-01 2024-12-31 14223357 frs-countries:EnglandWales 2024-01-01 2024-12-31 14223357 2022-07-07 14223357 2023-12-31 14223357 2022-07-08 2023-12-31 14223357 frs-core:Non-currentFinancialInstruments 2023-12-31 14223357 frs-core:ShareCapital 2023-12-31 14223357 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14223357
Omaha Enterprises Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Arete Capital Limited
Chartered Accountants
5 Merchant Square
1st Floor
London
W2 1AY
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Statement of Financial Position
Registered number: 14223357
31 December 2024 31 December 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks - 1,792,435
Debtors 75,742 -
Investments 2,221,078 -
Cash at bank and in hand 14,474 39
2,311,294 1,792,474
Creditors: Amounts Falling Due Within One Year (1,112,434 ) (1,794,832 )
NET CURRENT ASSETS (LIABILITIES) 1,198,860 (2,358 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,198,860 (2,358 )
Creditors: Amounts Falling Due After More Than One Year (1,200,000 ) -
NET LIABILITIES (1,140 ) (2,358 )
CAPITAL AND RESERVES
Called up share capital 4 1,000 1,000
Income Statement (2,140 ) (3,358 )
SHAREHOLDERS' FUNDS (1,140) (2,358)
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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 Income Statement.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Owen Tracey
Director
20 August 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Omaha Enterprises Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14223357 . The registered office is 85 Greart Portland Street, London, W1W 7LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and 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.
Fixed asset investments
lnterests 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 fiom its activities.
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 oilginal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within bonowings in cunent liabilities.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
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2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial lnstruments' and Section 12 'Other Financial lnstruments lssues'of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. lf not, they are presented as non-cunent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the efiective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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