Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12186894 Mr Michael Ingall Mr Charlie Ingall Mr Suresh Gorasia true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12186894 2023-12-31 12186894 2024-12-31 12186894 2024-01-01 2024-12-31 12186894 frs-core:CurrentFinancialInstruments 2024-12-31 12186894 frs-core:ShareCapital 2024-12-31 12186894 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12186894 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12186894 frs-bus:SmallEntities 2024-01-01 2024-12-31 12186894 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12186894 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12186894 1 2024-01-01 2024-12-31 12186894 frs-core:UnlistedNon-exchangeTraded 2024-12-31 12186894 frs-core:UnlistedNon-exchangeTraded 2023-12-31 12186894 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 12186894 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 12186894 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 12186894 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 12186894 frs-bus:Director1 2024-01-01 2024-12-31 12186894 frs-bus:Director2 2024-01-01 2024-12-31 12186894 frs-bus:Director3 2024-01-01 2024-12-31 12186894 1 2024-01-01 2024-12-31 12186894 2 2024-01-01 2024-12-31 12186894 frs-countries:EnglandWales 2024-01-01 2024-12-31 12186894 2022-12-31 12186894 2023-12-31 12186894 2023-01-01 2023-12-31 12186894 frs-core:CurrentFinancialInstruments 2023-12-31 12186894 frs-core:ShareCapital 2023-12-31 12186894 1 2023-01-01 2023-12-31 12186894 2 2023-01-01 2023-12-31
Registered number: 12186894
Versa Studios Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Versa Studios Limited
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1
Notes to the Financial Statements | 2—4

Page 1
Versa Studios Limited
Statement of Financial Position
As At 31 December 2024
Statement of Financial Position
Registered number: 12186894

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investments | 4 |  | 455 |  | 455
|  |  | 455 |  | 455
CURRENT ASSETS
Debtors | 5 | 200,454 |  | 204,337 |
Cash at bank and in hand |  | 72,019 |  | 3,462 |
|  | 272,473 |  | 207,799 |
Creditors: Amounts Falling Due Within One Year | 6 | (272,828 ) |  | (208,154 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (355 ) |  | (355 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 100 |  | 100
NET ASSETS |  |  | 100 |  | 100
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100 |  | 100
SHAREHOLDERS' FUNDS |  |  | 100 |  | 100

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.
On behalf of the board

Mr Suresh Gorasia Director
1 September 2025

The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Versa Studios Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Versa Studios Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12186894 . The registered office is C/O Allied London, Suite 1 Bonded Warehouse, 18 Lower Byrom Street, Manchester, Greater Manchester, M3 4AP.
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.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 2.3).
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.
2.2. Going Concern Disclosure
The Directors have reviewed the financial forecasts of the Company and its underlying subsidiaries for a period of 12 months from the date of approval of these financial statements. Based on these forecasts and cashflows, the Directors are confident that there are sufficient funds for the company to meet its obligations and liabilities as they fall due for the foreseeable future. On this basis the Directors feel that it is appropriate to prepare the financial statements on a going concern basis.
2.3. Significant judgements and estimations
In preparing these financial statements, the directors consider that there are no significant judgements in applying the accounting policies. Nor are there any key sources of uncertainty.
2.4. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts and is predominantly rental income.
2.5. Financial Instruments
Financial assets
Financial assets, other than investments and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at cost, less any impairment.
Financial liabilities and equity
Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form. Financial liabilities, excluding convertible debt and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at amortised cost.
2.6. Taxation
Deferred balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except:
• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
• Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
• Where timing differences relate to interests in subsidiaries, associates, branches and joint ventures and the group can control their reversal and such reversal is not considered probable in the foreseeable future.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax.
Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:

| 2024 |  | 2023
--- | --- | --- | ---
Directors | 3 |  | 3
Operational staff | 21 |  | 17
| 24 |  | 20

Page 2
Page 3
Versa Studios Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Investments

| Unlisted
--- | ---
| £
Cost
As at 1 January 2024 | 455
As at 31 December 2024 | 455
Provision
As at 1 January 2024 | -
As at 31 December 2024 | -
Net Book Value
As at 31 December 2024 | 455
As at 1 January 2024 | 455

5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,462 |  | 1,912
Prepayments and accrued income | - |  | 7,382
Other debtors | - |  | 7,133
Amounts owed by related parties | 198,992 |  | 187,910
| 200,454 |  | 204,337

Amounts due from related parties are repayable on demand and not interest bearing.
6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 201,860 |  | 121,275
Other creditors | 70,968 |  | 86,879
| 272,828 |  | 208,154

7. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

8. Financial Instruments
The company considers that the fair value of cash and cash equivalents, loans, trade and other receivables, and trade and other payables are not materially different to their carrying value. There are no financial instruments at fair value through profit and loss.
9. Related Party Transactions
The company has taken advantage of the exemption allowed by Financial Reporting Standard 102, "Related party disclosures" Section 33.1A not to disclose details of related party transactions with entities that are 100% owned members of the same group. There are no other related party transactions other than as disclosed.
Versa Holdco (Investment) Limited
Versa Studios Limited and Versa Holdco (Investment) Limited share common directors.
The company is owed £198,992 from Versa Holdco (Investment) Limited (2023: £187,910).
Page 3
Page 4
Versa Studios Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
10. Ultimate Controlling Party
The ultimate parent company is Versa Topco (Trading) Limited, a company registered in England & Wales.
Page 4