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 06231685 C A Hodgkinson K K Zavieh true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06231685 2023-12-31 06231685 2024-12-31 06231685 2024-01-01 2024-12-31 06231685 frs-core:CurrentFinancialInstruments 2024-12-31 06231685 frs-core:ShareCapital 2024-12-31 06231685 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06231685 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06231685 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06231685 frs-bus:SmallEntities 2024-01-01 2024-12-31 06231685 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06231685 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06231685 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 06231685 frs-bus:OrdinaryShareClass1 2024-12-31 06231685 1 2024-01-01 2024-12-31 06231685 frs-bus:Director1 2024-01-01 2024-12-31 06231685 frs-bus:Director2 2024-01-01 2024-12-31 06231685 frs-countries:EnglandWales 2024-01-01 2024-12-31 06231685 2022-12-31 06231685 2023-12-31 06231685 2023-01-01 2023-12-31 06231685 frs-core:CurrentFinancialInstruments 2023-12-31 06231685 frs-core:ShareCapital 2023-12-31 06231685 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06231685 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31
Registered number: 06231685
Valentine Music Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06231685
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 196,520 192,647
Cash at bank and in hand 332,249 176,149
528,769 368,796
Creditors: Amounts Falling Due Within One Year 5 (204,330 ) (205,258 )
NET CURRENT ASSETS (LIABILITIES) 324,439 163,538
TOTAL ASSETS LESS CURRENT LIABILITIES 324,439 163,538
NET ASSETS 324,439 163,538
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 324,339 163,438
SHAREHOLDERS' FUNDS 324,439 163,538
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
K K Zavieh
Director
26/09/2025
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Valentine Music Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06231685 . The registered office is 26 Litchfield Street, London, WC2H 9TZ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for the goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.  The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
2.4. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss.  Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.  Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.5. Foreign Currencies
Functional and presentation currency 
The company's functional and presentational currency is GBP.
Transactions and balances
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.
2.6. 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.
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2.7. Debtors
Short term debtors are measured at transaction price, less any impairment.  Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
2.8. Cash And Cash Equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.  Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.9. Creditors
Short term creditors are measured at the transaction price.  Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,238 2,360
Prepayments and accrued income 1,625 187
Other debtors 388 -
Amounts owed by group undertakings 192,269 190,100
196,520 192,647
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,610 16,367
VAT 15,925 10,375
Accruals and deferred income 169,747 150,609
Amounts owed to group undertakings 7,048 27,907
204,330 205,258
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
7. Related Party Transactions
The company has taken advantage of the exemption available in Section 33.1A for FRS 102 whereby it has not disclosed transactions with any wholly owned undertaking of the group.
At the year end, the company was owed £192,269 (2023: £190,100) which is included in debtors due within one year.
At the year end, the company owed £7,048 (2023: £27,907) which is included in creditors due within one year.
8. Ultimate Controlling Party
The ultimate parent entity is Adelphoi Holdings Limited, a company registered in England and Wales.  The registered office of Adelphoi Holdings Limited is 26 Litchfiled Street, London, WC2H 9TZ.  The immediate parent entity is Adelphoi Music Publishing Ltd, a company registered in England and Wales.  The registered office of Adelphoi Music Publishing Ltd is 26 Litchfield Street, London, WC2H 9TZ.
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