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Registered number: 12155691
Zero Knowledge Validation Ltd
Unaudited Financial Statements
For the Period 1 September 2024 to 30 September 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12155691
30 September 2025 31 August 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,389 4,231,471
Investments 5 344,115 652,099
Cash at bank and in hand 3,033,884 613,318
3,379,388 5,496,888
Creditors: Amounts Falling Due Within One Year 6 (193,079 ) (904,242 )
NET CURRENT ASSETS (LIABILITIES) 3,186,309 4,592,646
TOTAL ASSETS LESS CURRENT LIABILITIES 3,186,309 4,592,646
NET ASSETS 3,186,309 4,592,646
CAPITAL AND RESERVES
Called up share capital 7 100 143
Profit and Loss Account 3,186,209 4,592,503
SHAREHOLDERS' FUNDS 3,186,309 4,592,646
For the period ending 30 September 2025 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
W Harborne
Director
6 October 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
Zero Knowledge Validation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12155691 . The registered office is International House, 12 Constance Street, London, E16 2DQ.
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 financial statements have not been prepared on a going concern basis. The directors have decided to prepare the accounts on a break-up basis due to the planned voluntary liquidation of the entity on 30 Sep 2025.
As a result, all assets have been classified as current assets, and are stated at their estimated realisable value, and liabilities stated at their anticipated settlement amount. Adjustments have been made to reflect this basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Foreign Currencies
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.5. 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 period, 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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2.6. Cryptocurrency assets
Cryptocurrency assets (under IAS 38) are recorded as other debtors and can be measured at either cost or revaluation. The company has elected to measure them at revaluation as there is now an active market across across many digital exchanges. Therefore, these are recognised at fair value. The assets are held for investment purposes and therefore cannot be recognised as stock as they are not being held for sale in the ordinary course of business.
2.7. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2024: NIL)
- -
4. Debtors
30 September 2025 31 August 2024
£ £
Due within one year
Trade debtors - 995
Other debtors 1,389 4,230,476
1,389 4,231,471
5. Current Asset Investments
30 September 2025 31 August 2024
£ £
Unlisted investments 344,115 652,099
6. Creditors: Amounts Falling Due Within One Year
30 September 2025 31 August 2024
£ £
Trade creditors 1 1,771
Other creditors 10,000 150,036
Taxation and social security 183,078 752,435
193,079 904,242
7. Share Capital
30 September 2025 31 August 2024
£ £
Allotted, Called up and fully paid 100 143
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