Acorah Software Products - Accounts Production 16.5.460 false true true false 23 October 2023 31 October 2024 31 October 2024 15228890 Mr Esosa Egonmwan Ms Juliana Emeruwa Mr John Pannell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15228890 2023-10-22 15228890 2024-10-31 15228890 2023-10-23 2024-10-31 15228890 frs-core:CurrentFinancialInstruments 2024-10-31 15228890 frs-core:Non-currentFinancialInstruments 2024-10-31 15228890 frs-core:ShareCapital 2024-10-31 15228890 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 15228890 frs-bus:PrivateLimitedCompanyLtd 2023-10-23 2024-10-31 15228890 frs-bus:FilletedAccounts 2023-10-23 2024-10-31 15228890 frs-bus:SmallEntities 2023-10-23 2024-10-31 15228890 frs-bus:AuditExempt-NoAccountantsReport 2023-10-23 2024-10-31 15228890 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-23 2024-10-31 15228890 frs-bus:Director1 2023-10-23 2024-10-31 15228890 frs-bus:Director2 2023-10-23 2024-10-31 15228890 frs-bus:Director3 2023-10-23 2024-10-31 15228890 frs-countries:EnglandWales 2023-10-23 2024-10-31
Registered number: 15228890
Neemu Ltd
Unaudited Financial Statements
For the Period 23 October 2023 to 31 October 2024
Neemu Ltd
Contents
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Neemu Ltd
Balance Sheet
As At 31 October 2024
Balance Sheet
Registered number: 15228890
31 October 2024
Notes £ £
FIXED ASSETS
Investment Properties 4 285,615
285,615
CURRENT ASSETS
Cash at bank and in hand 10,571
10,571
Creditors: Amounts Falling Due Within One Year 5 (28,087 )
NET CURRENT ASSETS (LIABILITIES) (17,516 )
TOTAL ASSETS LESS CURRENT LIABILITIES 268,099
Creditors: Amounts Falling Due After More Than One Year 6 (319,993 )
NET LIABILITIES (51,894 )
CAPITAL AND RESERVES
Called up share capital 7 2
Profit and Loss Account (51,896 )
SHAREHOLDERS' FUNDS (51,894)
For the period ending 31 October 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
Mr Esosa Egonmwan
Director
02/10/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Neemu Ltd
Notes to the Financial Statements
For the Period 23 October 2023 to 31 October 2024
Notes to the Financial Statements
1. General Information
Neemu Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15228890 . The registered office is 20 Wenlock Road, London, N1 7GU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2.4. Turnover
Turnover is recognised at the fair value of the rent received or receivable in the normal course of business, and is shown net of VAT and other sales related taxes.
2.5. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
...CONTINUED
Page 2
Page 3
Neemu Ltd
Notes to the Financial Statements (continued)
For the Period 23 October 2023 to 31 October 2024
2.6. Financial Instruments - continued
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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.
2.7. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with 
in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Investment Property
31 October 2024
£
Fair Value
As at 23 October 2023 and 31 October 2024 285,615
Investment property comprises a flat in London. The fair value of the investment property has been arrived at on the basis of a valuation carried out at the year end by the Directors as at 31 October 2024. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
5. Creditors: Amounts Falling Due Within One Year
31 October 2024
£
Bank loans and overdrafts 16,000
Other creditors 12,087
28,087
Page 3
Page 4
Neemu Ltd
Notes to the Financial Statements (continued)
For the Period 23 October 2023 to 31 October 2024
6. Creditors: Amounts Falling Due After More Than One Year
31 October 2024
£
Bank loans 319,993
7. Share Capital
31 October 2024
£
Allotted, Called up and fully paid 2
Page 4