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 11911862 Mr Kevin Fuller Mrs Vanesa Pazos iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11911862 2023-12-31 11911862 2024-12-31 11911862 2024-01-01 2024-12-31 11911862 frs-core:CurrentFinancialInstruments 2024-12-31 11911862 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 11911862 frs-core:SharePremium 2024-12-31 11911862 frs-core:ShareCapital 2024-12-31 11911862 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11911862 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11911862 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11911862 frs-bus:SmallEntities 2024-01-01 2024-12-31 11911862 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11911862 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11911862 frs-bus:Director1 2024-01-01 2024-12-31 11911862 frs-bus:Director2 2024-01-01 2024-12-31 11911862 frs-countries:EnglandWales 2024-01-01 2024-12-31 11911862 2022-12-31 11911862 2023-12-31 11911862 2023-01-01 2023-12-31 11911862 frs-core:CurrentFinancialInstruments 2023-12-31 11911862 frs-core:SharePremium 2023-12-31 11911862 frs-core:ShareCapital 2023-12-31 11911862 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11911862
NOBA CAP ADVISERS LIMITED
Financial Statements
For The Year Ended 31 December 2024
TaxAssist Accountants
Screenworks, Office 218
22 Highbury Grove
London
N5 2EF
NOBA CAP ADVISERS LIMITED
Contents
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
NOBA CAP ADVISERS LIMITED
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 11911862
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 119,973 117,157
Cash at bank and in hand 666 766
120,639 117,923
Creditors: Amounts Falling Due Within One Year 5 (95,914 ) (95,213 )
NET CURRENT ASSETS (LIABILITIES) 24,725 22,710
TOTAL ASSETS LESS CURRENT LIABILITIES 24,725 22,710
NET ASSETS 24,725 22,710
CAPITAL AND RESERVES
Called up share capital 6 2 2
Share premium account 24,999 24,999
Profit and Loss Account (276 ) (2,291 )
SHAREHOLDERS' FUNDS 24,725 22,710
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NOBA CAP ADVISERS 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
Mr Kevin Fuller
Director
15 October 2025
The notes on pages 3 to 6 form part of these financial statements.
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NOBA CAP ADVISERS LIMITED
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
NOBA CAP ADVISERS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11911862 . The registered office is Unit 302, Screenworks 22 Highbury Grove, London, N5 2EF.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
  • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
  • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
  • the amount of revenue can be measured reliably; 
  • it is probable that the economic benefits associated with the transaction will flow to the Company; and 
  • the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
2.4. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.
Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
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NOBA CAP ADVISERS LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.5. Foreign Currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
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.
2.7. Pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
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NOBA CAP ADVISERS LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.8. Research and development costs
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.
2.9. Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.
No depreciation is provided in respect of investment properties.
2.10. Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
2.11. Leased assets 
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
2.12.  Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.
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NOBA CAP ADVISERS LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,397 16,208
Amounts owed by group undertakings 106,336 90,709
Other debtors 10,240 10,240
119,973 117,157
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,436 -
Other creditors 90,349 93,610
Taxation and social security 2,129 1,603
95,914 95,213
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
7. Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium. Profit and loss account - includes all current and prior period retained profits and losses.
8. Related Party Transactions
Transactions with related parties
Included in trade debtors due within one year is a balance of £3,396.60 (2023: £16,208) due from a company under common control. Included within prepayments and accrued income is a balance of £8,680 (2023: £8,680) due from a company under common control. Included in other debtors is £106,335.54 due from (2023: £90,708.93) the parent company.
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