BALIO SOFTWARE LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14299102

BALIO SOFTWARE LIMITED

Filleted Unaudited Financial Statements

31 August 2024

BALIO SOFTWARE LIMITED

Financial Statements

Period ended 31 August 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

BALIO SOFTWARE LIMITED

Statement of Financial Position

31 August 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	14,085	4,736
Investments	6	1,194,011	–
		------------	-------
		1,208,096	4,736

Current assets

Debtors	7	4,859,138	1,287,508
Investments	8	1,529,177	1,382,631
Cash at bank and in hand		46,627	1,080,886
		------------	------------
		6,434,942	3,751,025

Creditors: amounts falling due within one year	9	139,025	56,718
		------------	------------
Net current assets		6,295,917	3,694,307
		------------	------------
Total assets less current liabilities		7,504,013	3,699,043
		------------	------------
Net assets		7,504,013	3,699,043
		------------	------------

Capital and reserves

Called up share capital	13	13
Share premium account	8,958,908	4,687,709
Profit and loss account	( 1,454,908)	( 988,679)
	------------	------------
Shareholders funds	7,504,013	3,699,043
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

BALIO SOFTWARE LIMITED

Statement of Financial Position (continued)

31 August 2024

These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:

Mr V Mahansaria

Director

Company registration number: 14299102

BALIO SOFTWARE LIMITED

Notes to the Financial Statements

Period ended 31 August 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 4 (2023: 4 ).

5. Tangible assets

	Equipment
	£
Cost
At 1 September 2023	7,382
Additions	11,819
	--------
At 31 August 2024	19,201
	--------
Depreciation
At 1 September 2023	2,646
Charge for the period	2,470
	--------
At 31 August 2024	5,116
	--------
Carrying amount
At 31 August 2024	14,085
	--------
At 31 August 2023	4,736
	--------

6. Investments

	Other loans
	£
Cost
At 1 September 2023	–
Additions	1,194,011
	------------
At 31 August 2024	1,194,011
	------------
Impairment
At 1 September 2023 and 31 August 2024	–
	------------

Carrying amount
At 31 August 2024	1,194,011
	------------
At 31 August 2023	–
	------------

7. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	4,856,243	1,238,066
Other debtors	2,895	49,442
	------------	------------
	4,859,138	1,287,508
	------------	------------

8. Investments

	2024	2023
	£	£
Investments in group undertakings	1,529,177	1,382,631
	------------	------------

9. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	2,571	5,378
Social security and other taxes	41	2,124
Other creditors	136,413	49,216
	---------	--------
	139,025	56,718
	---------	--------

10. Related party transactions

At the year end, the company was owed £4,856,243 by companies under common control (2023: £1,238,066).