Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 7 August 2025 1 January 2024 31 January 2025 31 January 2025 13765439 Mr A J Goldman Mr K Fine true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13765439 2023-12-31 13765439 2025-01-31 13765439 2024-01-01 2025-01-31 13765439 frs-core:CurrentFinancialInstruments 2025-01-31 13765439 frs-core:ComputerEquipment 2025-01-31 13765439 frs-core:ComputerEquipment 2024-01-01 2025-01-31 13765439 frs-core:ComputerEquipment 2023-12-31 13765439 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 13765439 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2025-01-31 13765439 frs-bus:FilletedAccounts 2024-01-01 2025-01-31 13765439 frs-bus:SmallEntities 2024-01-01 2025-01-31 13765439 frs-bus:Audited 2024-01-01 2025-01-31 13765439 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2025-01-31 13765439 1 2024-01-01 2025-01-31 13765439 frs-bus:Director1 2024-01-01 2025-01-31 13765439 frs-bus:Director2 2024-01-01 2025-01-31 13765439 frs-countries:EnglandWales 2024-01-01 2025-01-31 13765439 frs-countries:UnitedStates 2024-01-01 2025-01-31 13765439 2022-12-31 13765439 2023-12-31 13765439 2023-01-01 2023-12-31 13765439 frs-core:CurrentFinancialInstruments 2023-12-31 13765439 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13765439
Project Affinity UK Holdings, Inc Ltd
Financial Statements
For the Period 1 January 2024 to 31 January 2025
HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13765439
31 January 2025 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,349 13,022
5,349 13,022
CURRENT ASSETS
Debtors 5 415,435 344,156
415,435 344,156
Creditors: Amounts Falling Due Within One Year 6 (110,838 ) (118,125 )
NET CURRENT ASSETS (LIABILITIES) 304,597 226,031
TOTAL ASSETS LESS CURRENT LIABILITIES 309,946 239,053
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,054 ) (3,256 )
NET ASSETS 308,892 235,797
Profit and Loss Account 308,892 235,797
SHAREHOLDERS' FUNDS 308,892 235,797
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 A J Goldman
Director
6 August 2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Project Affinity UK Holdings, Inc Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13765439 . The registered office is 10 John Street, London, WC1N 2EB.
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.
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:
Computer Equipment 20% 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.
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 period, 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 period was: 11 (2023: 11)
11 11
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 23,865
Additions 1,750
Disposals (6,623 )
As at 31 January 2025 18,992
Depreciation
As at 1 January 2024 10,843
Provided during the period 7,503
Disposals (4,703 )
As at 31 January 2025 13,643
Net Book Value
As at 31 January 2025 5,349
As at 1 January 2024 13,022
5. Debtors
31 January 2025 31 December 2023
£ £
Due within one year
Amounts owed by group undertakings 299,247 290,798
Other debtors 116,188 53,358
415,435 344,156
6. Creditors: Amounts Falling Due Within One Year
31 January 2025 31 December 2023
£ £
Trade creditors 813 -
Other creditors 87,516 64,482
Taxation and social security 22,509 53,643
110,838 118,125
7. Related Party Disclosures
The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.
8. Controlling Parties
The company's immediate parent undertaking is Project Affinity Inc. .
The ultimate parent undertaking is (incorporated in United States). Its registered office is .
Copies of the group accounts may be obtained from the company's registered office.
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9. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
10. Audit Information
The auditor's report on the accounts of Project Affinity UK Holdings, Inc Ltd for the period ended 31 January 2025 was unqualified.
The auditor's report was signed by Mr Andrew Hill FCCA ACA DChA BFP (Senior Statutory Auditor) for and on behalf of HSJ Audit Limited , Statutory Auditor.
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