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 10473098 Mr Adam Attila Gyenge iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10473098 2023-12-31 10473098 2024-12-31 10473098 2024-01-01 2024-12-31 10473098 frs-core:CurrentFinancialInstruments 2024-12-31 10473098 frs-core:Non-currentFinancialInstruments 2024-12-31 10473098 frs-core:ShareCapital 2024-12-31 10473098 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10473098 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10473098 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10473098 frs-bus:SmallEntities 2024-01-01 2024-12-31 10473098 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10473098 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10473098 frs-core:CostValuation 2023-12-31 10473098 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 10473098 frs-core:CostValuation 2024-12-31 10473098 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 10473098 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 10473098 frs-bus:Director1 2024-01-01 2024-12-31 10473098 frs-core:CurrentFinancialInstruments 1 2024-12-31 10473098 frs-core:Non-currentFinancialInstruments 1 2024-12-31 10473098 frs-countries:EnglandWales 2024-01-01 2024-12-31 10473098 2022-12-31 10473098 2023-12-31 10473098 2023-01-01 2023-12-31 10473098 frs-core:CurrentFinancialInstruments 2023-12-31 10473098 frs-core:Non-currentFinancialInstruments 2023-12-31 10473098 frs-core:ShareCapital 2023-12-31 10473098 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10473098 frs-core:CurrentFinancialInstruments 1 2023-12-31 10473098 frs-core:Non-currentFinancialInstruments 1 2023-12-31
Registered number: 10473098
ARTIFEX HOLDING LTD
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10473098
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 1,542,686 961,768
1,542,686 961,768
CURRENT ASSETS
Debtors 5 130,295 93,775
Cash at bank and in hand 256,671 298,610
386,966 392,385
Creditors: Amounts Falling Due Within One Year 6 (202,743 ) (402,898 )
NET CURRENT ASSETS (LIABILITIES) 184,223 (10,513 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,726,909 951,255
Creditors: Amounts Falling Due After More Than One Year 7 (349,298 ) (109,387 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (105,578 ) (105,578 )
NET ASSETS 1,272,033 736,290
CAPITAL AND RESERVES
Called up share capital 9 300,000 300,000
Profit and Loss Account 972,033 436,290
SHAREHOLDERS' FUNDS 1,272,033 736,290
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Adam Attila Gyenge
Director
24/09/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ARTIFEX HOLDING LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10473098 . The registered office is 68 King William Street, London, EC4N 7HR.
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, 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.
2.3. Foreign Currencies
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investments
Other
£
Cost
As at 1 January 2024 961,768
Revaluations 580,918
As at 31 December 2024 1,542,686
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 1,542,686
As at 1 January 2024 961,768
The invesment has been revalued by £580,918 as at 31.12.2024.
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,790 11,726
Other debtors-ARTIFEX Assets Eastern Europe Kft. 117,505 82,049
130,295 93,775
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Corporation tax - 156
Net wages 8 8
Other creditors 202,735 402,735
202,743 402,898
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors' current account 337,928 87,795
Loan 11,370 21,592
349,298 109,387
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 105,578 105,578
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300,000 300,000
Page 4