Acorah Software Products - Accounts Production 16.4.675 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 11717983 Mr Oliver Royds Mr Tristan Baker true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11717983 2023-08-31 11717983 2024-08-31 11717983 2023-09-01 2024-08-31 11717983 frs-core:CurrentFinancialInstruments 2024-08-31 11717983 frs-core:Non-currentFinancialInstruments 2024-08-31 11717983 frs-core:PlantMachinery 2024-08-31 11717983 frs-core:PlantMachinery 2023-09-01 2024-08-31 11717983 frs-core:PlantMachinery 2023-08-31 11717983 frs-core:ShareCapital 2024-08-31 11717983 frs-core:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 11717983 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 11717983 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11717983 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 11717983 frs-bus:SmallEntities 2023-09-01 2024-08-31 11717983 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11717983 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11717983 frs-bus:OrdinaryShareClass1 2023-09-01 2024-08-31 11717983 frs-bus:OrdinaryShareClass1 2024-08-31 11717983 1 2023-09-01 2024-08-31 11717983 frs-bus:Director1 2023-09-01 2024-08-31 11717983 frs-bus:Director2 2023-09-01 2024-08-31 11717983 frs-countries:EnglandWales 2023-09-01 2024-08-31 11717983 2022-08-31 11717983 2023-08-31 11717983 2022-09-01 2023-08-31 11717983 frs-core:CurrentFinancialInstruments 2023-08-31 11717983 frs-core:Non-currentFinancialInstruments 2023-08-31 11717983 frs-core:ShareCapital 2022-08-31 11717983 frs-core:ShareCapital 2023-08-31 11717983 frs-core:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 11717983 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-08-31 11717983 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 11717983 frs-bus:OrdinaryShareClass1 2022-09-01 2023-08-31
Registered number: 11717983
Troubadour Asset Management Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1
Statement of Changes in Equity 2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11717983
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,271,694 1,455,470
1,271,694 1,455,470
CURRENT ASSETS
Debtors 5 6,331 6,331
Cash at bank and in hand 29 82
6,360 6,413
Creditors: Amounts Falling Due Within One Year 6 (11,650 ) (12,563 )
NET CURRENT ASSETS (LIABILITIES) (5,290 ) (6,150 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,266,404 1,449,320
Creditors: Amounts Falling Due After More Than One Year 7 (2,734,986 ) (2,712,764 )
NET LIABILITIES (1,468,582 ) (1,263,444 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (1,468,682 ) (1,263,544 )
SHAREHOLDERS' FUNDS (1,468,582) (1,263,444)
For the year ending 31 August 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 Oliver Royds
Director
5 May 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 1
Page 2
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 September 2022 100 (1,061,588 ) (1,061,488)
Loss for the year and total comprehensive income - (201,956 ) (201,956)
As at 31 August 2023 and 1 September 2023 100 (1,263,544 ) (1,263,444)
Loss for the year and total comprehensive income - (205,138 ) (205,138)
As at 31 August 2024 100 (1,468,682 ) (1,468,582)
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Troubadour Asset Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11717983 . The registered office is 62 Shaftesbury Avenue, London, W1D 6LT.
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. 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. 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:
Plant & Machinery 10 Years
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2023 1,987,503
Additions 16,026
As at 31 August 2024 2,003,529
Depreciation
As at 1 September 2023 532,033
Provided during the period 199,802
As at 31 August 2024 731,835
Net Book Value
As at 31 August 2024 1,271,694
As at 1 September 2023 1,455,470
5. Debtors
2024 2023
£ £
Due within one year
VAT 6,331 6,331
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,833
Accruals and deferred income 1,650 1,730
11,650 12,563
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,667 26,667
Amounts owed to group undertakings 2,718,319 2,686,097
2,734,986 2,712,764
Included in Amounts owed to group undertakings is a balance of £1,227,943 (2023 : £1,226,501) is owed to Troubadour Theatres Limited (Company No.10898810) - a parent company and of which Mr Oliver and Mr Tristan Michael Douglsas Baker are also directors.
Included in Amounts owed to group undertakings is a balance of £1,053,508 (2023 : £1,023,528) is owed to Wembley Park Theatre Limited (Company No.10940099), £164,068 (2023 : £164,068) is owed to White City Theatre Limited (Company No.11294334), £186,800 (2023 : £186,000) is owed to Meridian Water Studios Ltd (Company No.12527635) and £86,000 (2023 :£86,000) is owed to Brent Cross Studios Ltd (Company No.13322891), all of which are 100% subsidiaries of Troubadour Theatres Limited - a parent company and of which Mr Oliver and Mr Tristan Michael Douglsas Baker are also directors.
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
9. Ultimate Controlling Party
The company's ultimate controlling party is Troubadour Theatres Limited by virtue of its ownership of 100% of the issued share capital in the company.
Page 4