Acorah Software Products - Accounts Production 16.5.460 false true 30 September 2023 1 October 2022 false 5 September 2025 1 October 2023 30 September 2024 30 September 2024 08254189 J M Jaron iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08254189 2023-09-30 08254189 2024-09-30 08254189 2023-10-01 2024-09-30 08254189 frs-core:CurrentFinancialInstruments 2024-09-30 08254189 frs-core:ShareCapital 2024-09-30 08254189 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08254189 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08254189 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 08254189 frs-bus:SmallEntities 2023-10-01 2024-09-30 08254189 frs-bus:Audited 2023-10-01 2024-09-30 08254189 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08254189 frs-bus:OrdinaryShareClass1 2023-10-01 2024-09-30 08254189 frs-bus:OrdinaryShareClass1 2024-09-30 08254189 frs-bus:Director1 2023-10-01 2024-09-30 08254189 frs-countries:EnglandWales 2023-10-01 2024-09-30 08254189 2022-09-30 08254189 2023-09-30 08254189 2022-10-01 2023-09-30 08254189 frs-core:CurrentFinancialInstruments 2023-09-30 08254189 frs-core:ShareCapital 2023-09-30 08254189 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 08254189 frs-bus:OrdinaryShareClass1 2022-10-01 2023-09-30
Registered number: 08254189
iXara Ltd
Financial Statements
For The Year Ended 30 September 2024
iXara Ltd
Contents
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
iXara Ltd
Balance Sheet
As At 30 September 2024
Balance Sheet
Registered number: 08254189
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 5 155,804 263,526
Cash at bank and in hand 458,241 405,646
614,045 669,172
Creditors: Amounts Falling Due Within One Year 6 (536,052 ) (141,213 )
NET CURRENT ASSETS (LIABILITIES) 77,993 527,959
TOTAL ASSETS LESS CURRENT LIABILITIES 77,993 527,959
NET ASSETS 77,993 527,959
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 77,893 527,859
SHAREHOLDERS' FUNDS 77,993 527,959
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
J M Jaron
Director
4 September 2025
The notes on pages 2 to 4 form part of these financial statements.
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iXara Ltd
Notes to the Financial Statements
For The Year Ended 30 September 2024
Notes to the Financial Statements
1. General Information
iXara Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08254189 . The registered office is Gaddesden Place, Hemel Hempstead, Hertfordshire, HP2 6EX.
2. Statement of Compliance
The financial statements have been prepared 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.
3. Accounting Policies
3.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention.
3.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Turnover in the year represents sales of development support services provided to its parent company Xara GmbH.
3.3. 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.
3.4. Taxation
Corporation 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.
The tax losses to date would ordinarily give rise to a deferred tax asset of £112,946. There is currently insufficient evidence to establish whether the company will have sufficient profits in the foreseeable future to fully utilise the losses available and to fully realise the value of such an asset. Hence it is deemed prudent not to make a provision at this juncture, and until realisation is considered probable.
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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iXara Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2024
3.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3.6. Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
5. Debtors
2024 2023
£ £
Due within one year
VAT 10,439 20,752
Amounts owed by group undertakings 145,365 242,774
155,804 263,526
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 5,237 7,503
Other creditors 4,583 1,821
Accruals and deferred income 470,261 21,539
Amounts owed to group undertakings 55,971 110,350
536,052 141,213
7. Share Capital
2024 2023
Allotted, called up but not fully paid £ £
10,000 Ordinary Shares of £ 0.01 each 100 100
8. Related Party Disclosures
iXara Limited is a 61.7% owned subsidiary of Xara GmbH (registered in Germany). Bellevue Investments GmbH & Co. KGaA (registered in Germany) is the parent undertaking of the smallest group for which consolidated financial statements are prepared and of which iXara Limited is a member. The registered office of Bellevue Investments GmbH & Co. KGaA is Quedlinburger Str.1, 10589 Berlin, Germany.
Xara GmbHDuring the year the company made sales of £687,416 (2023: £826,575) to Xara GmbH. Sales were derived from the provision of development services in accordance with a development and licensing agreement. The amount due from Xara GmbH at the balance sheet date was £145,365 (2023: £242,774).

Xara GmbH

During the year the company made sales of £687,416 (2023: £826,575) to Xara GmbH. Sales were derived from the provision of development services in accordance with a development and licensing agreement. The amount due from Xara GmbH at the balance sheet date was £145,365 (2023: £242,774).

Bellevue Investments GmbH & Co. KGaADuring the year Bellevue Investments Gmbh & Co. KGaA charged iXara Limited £23,929 (2023: £24,987) in respect of bookkeeping and management charges. The amount due to Bellevue Investments GmbH & Co.KGaA at the balance sheet date was £1,922 (2023: £2,134).

Bellevue Investments GmbH & Co. KGaA

...CONTINUED
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iXara Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2024
8. Related Party Disclosures - continued

During the year Bellevue Investments Gmbh & Co. KGaA charged iXara Limited £23,929 (2023: £24,987) in respect of bookkeeping and management charges. The amount due to Bellevue Investments GmbH & Co.KGaA at the balance sheet date was £1,922 (2023: £2,134).

The Xara Group LimitedThe Xara Group Limited is a wholly owned subsidiary of Xara GmbH.During the year The Xara Group Limited cross-charged net data hosting costs of £50,409 (2023: £48,064) and development costs of £193,198 (2023: £248,588) in respect of projects being developed by iXara Limited. The amount due to The Xara Group Limited at the balance sheet date was £54,048 (2023: £108,216).

The Xara Group Limited

The Xara Group Limited is a wholly owned subsidiary of Xara GmbH.

During the year The Xara Group Limited cross-charged net data hosting costs of £50,409 (2023: £48,064) and development costs of £193,198 (2023: £248,588) in respect of projects being developed by iXara Limited. The amount due to The Xara Group Limited at the balance sheet date was £54,048 (2023: £108,216).

From October 2013 iXara Limited, The Xara Group Limited and Xara GmbH have worked in partnership to develop Xara Cloud, a suite of cloud based applications. The development project utilised proprietary code belonging to The Xara Group Limited.  The Xara Group Limited has not previously charged a licence fee for use of this code in this project.  On 18 October 2024, after the year end, the shareholders and directors of iXara Limited and The Xara Group Limited agreed that a £450,000 should be charged to iXara Limited in respect of the period of The Xara Cloud development up to 30 September 2024. The figure of £450,000 is deemed by both parties as a fair and reasonable adjustment for the contributions each party has brought to the Xara Cloud project. Since this post year end agreement relates to a re-assessment of the period up to 30 September 2024 the charge has been included in accruals under current liabilities and debited to the profit and loss account.
9. Audit Information
The auditor's report on the accounts of iXara Ltd for the year ended 30 September 2024 was unqualified.
The auditors emphasised the following matter without qualifying their report:
We draw attention to the Related Party Disclosures note which describes a material and exceptional accrual for a post year end agreement between iXara Limited and The Xara Group Limited relating to use of software code in the period up to 30 September 2024. Our opinion has not been modified in respect of this matter.
The auditor's report was signed by Jonathan Hankinson (Senior Statutory Auditor) for and on behalf of Lindon Audit Services Limited , Statutory Auditor.
Lindon Audit Services Limited
Avaland House
110 London Road
Hemel Hempstead
Hertfordshire
HP3 9SD
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