Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13794218 Gianmaria Panini Markus Zeller Elite Capital Group Limited 809 Salisbury House, 29 Finsbury Circus, London, England, United Kingdom, EC2M 7AQ true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13794218 2023-12-31 13794218 2024-12-31 13794218 2024-01-01 2024-12-31 13794218 frs-core:CurrentFinancialInstruments 2024-12-31 13794218 frs-core:InvestmentPropertyIncludedWithinPPE 2024-12-31 13794218 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-01 2024-12-31 13794218 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 13794218 frs-core:ShareCapital 2024-12-31 13794218 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13794218 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13794218 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13794218 frs-bus:SmallEntities 2024-01-01 2024-12-31 13794218 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13794218 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13794218 1 2024-01-01 2024-12-31 13794218 frs-bus:Director1 2024-01-01 2024-12-31 13794218 frs-bus:Director2 2024-01-01 2024-12-31 13794218 frs-countries:EnglandWales 2024-01-01 2024-12-31 13794218 2022-12-31 13794218 2023-12-31 13794218 2023-01-01 2023-12-31 13794218 frs-core:CurrentFinancialInstruments 2023-12-31 13794218 frs-core:ShareCapital 2023-12-31 13794218 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13794218
Ascari SPV Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Ascari SPV Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Ascari SPV Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 13794218

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 755,000 |  | 800,000
|  |  | 755,000 |  | 800,000
CURRENT ASSETS
Debtors | 5 | 613 |  | 12,469 |
Cash at bank and in hand |  | 1,976 |  | 7,259 |
|  | 2,589 |  | 19,728 |
Creditors: Amounts Falling Due Within One Year | 6 | (754,642 ) |  | (715,642 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (752,053 ) |  | (695,914 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,947 |  | 104,086
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (26,760 ) |  | (26,760 )
NET (LIABILITIES)/ASSETS |  |  | (23,813 ) |  | 77,326
CAPITAL AND RESERVES
Called up share capital | 8 |  | 100 |  | 100
Profit and Loss Account |  |  | (23,913 ) |  | 77,226
SHAREHOLDERS' FUNDS |  |  | (23,813) |  | 77,326

Page 1
Page 2
Ascari SPV Limited
Balance Sheet (continued)
As At 31 December 2024
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 Profit and Loss Account.
On behalf of the board

Markus Zeller Director
5 September 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Ascari SPV Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Ascari SPV Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13794218 . The registered office is 809 Salisbury House, 29 Finsbury Circus, London, England, EC2M 7AQ.
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. Investment Properties
Investment properties, including freehold and long leasehold properties, are those which are held either to earn rental income or for capital appreciation or both. Investment properties include property that is being constructed or developed for future use as an investment property.
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.
Investment properties whose fair value can be measured reliably are measured at fair value, based on the market valuations.
Any surplus or deficit on revaluation is recognised in the income statement as a fair value gains and losses.
2.3. 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 year, 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 year was: 2 (2023: 2)
2 2
Page 3
Page 4
Ascari SPV Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Tangible Assets

| Investment Properties
--- | ---
| £
Cost or Valuation
As at 1 January 2024 | 800,000
Additions | 18,077
Revaluation | (63,077 )
As at 31 December 2024 | 755,000
Net Book Value
As at 31 December 2024 | 755,000
As at 1 January 2024 | 800,000

The investment properties are valued, at balance sheet date, by directors of the company based on the assessment of available market information and property condition. The directors believe the their valuation would not be materially different from the professional valuation.
5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 113 |  | 12,469
Amounts owed by group undertakings | 500 |  | -
| 613 |  | 12,469

6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | - |  | 151,000
Accruals and deferred income | 720 |  | 720
Directors' loan accounts | 414 |  | 414
Amounts owed to group undertakings | 753,508 |  | 563,508
| 754,642 |  | 715,642

7. Secured Creditors
Of the creditors the following amounts are secured.

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | - |  | 151,000

Page 4
Page 5
Ascari SPV Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
8. Share Capital

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

9. Related Party Transactions
Included in creditors due within one year is an amount of £753,508 (2023:£563,508 ) owed to its group undertaking. The amount is interest free and repayable on demand.
Included in creditors due within one year is an amount of £414 (2023:£414 ) owed to its director. The amount is interest free and repayable on demand.
Included in debtors due within one year is an amount of £500 (2023:£0) owed by its group undertakings. The amount is interest free and repayable on demand.
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Elite Capital Group Limited . Elite Capital Group Limited was incorporated in England and Wales. Copies of the parent company's financial statements may be obtained from the secretary, 809 Salisbury House, 29 Finsbury Circus, London, England, United Kingdom, EC2M 7AQ .
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