Private Software Limited - Period Ending 2021-09-30

Private Software Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 6

Private Software Limited

Company Information

Director

Mr J Barling

Registered office

1 Emperor Way, Exeter Business Park Exeter Devon EX1 3QS

Accountants

Peplows Limited Chartered Accountants Moorgate House King Street Newton Abbot Devon TQ12 2LG

Private Software Limited

(Registration number: 04458815)
Balance Sheet as at 30 September 2021

	Note	2021  £	2020  £
Fixed assets
Investments		331	331
Current assets
Debtors	5	1,650	1,650
Net assets		1,981	1,981
Capital and reserves
Called up share capital		3,300	3,300
Capital redemption reserve		400	400
Profit and loss account		(1,719)	(1,719)
Total equity		1,981	1,981

Private Software Limited

(Registration number: 04458815)
Balance Sheet as at 30 September 2021

For the financial year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the profit and loss has been taken.

Approved and authorised for issue by the director on 16 February 2022
 

.........................................

Mr J Barling
Director

Private Software Limited

Notes to the Financial Statements for the Year Ended 30 September 2021

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1 Emperor Way,
Exeter Business Park
Exeter
Devon
EX1 3QS
England & Wales

These financial statements were authorised for issue by the director on 16 February 2022.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling and rounded to the nearest full £.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by section 398 of the Companies Act 2006 and has not prepared group accounts..

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Private Software Limited

Notes to the Financial Statements for the Year Ended 30 September 2021

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Share capital

Ordinary shares are classified as equity.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2020 - 1).

4	Investments

	2021 £	2020 £
Investments in subsidiaries	331	331

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2021	2020

Subsidiary undertakings
Sellerdeck Limited	1 Emperor Way, Exeter Business Park, Exeter, England, EX1 3QS	Ordinary	100%	100%
	England & Wales

Private Software Limited

Notes to the Financial Statements for the Year Ended 30 September 2021

5

Debtors

	Note	2021 £	2020 £
Amounts owed by group undertakings	6	1,650	1,650
Total current trade and other debtors		1,650	1,650

6	Related party transactions

Summary of transactions with subsidiaries

Sellerdeck Limited
Subsidiary company
 During the year, the company had a loan with its subsidiary, no interest has been charged and there is no set date for repayment. The amount owed to its subsidiary as at 30 September 2021 is £1,650 (2020 - £1,650).