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Registered number: 12010403
Malsa Investments Limited
Unaudited Financial Statements
For The Year Ended 31 May 2023
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12010403
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 5,632,678 638,473
5,632,678 638,473
CURRENT ASSETS
Debtors 5 5,107 3,359
Cash at bank and in hand 10,085 25,660
15,192 29,019
Creditors: Amounts Falling Due Within One Year 6 (318,358 ) (232,380 )
NET CURRENT ASSETS (LIABILITIES) (303,166 ) (203,361 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,329,512 435,112
Creditors: Amounts Falling Due After More Than One Year 7 (1,667,509 ) (425,324 )
NET ASSETS 3,662,003 9,788
CAPITAL AND RESERVES
Called up share capital 100 2
Share premium account 3,626,196 -
Profit and Loss Account 35,707 9,786
SHAREHOLDERS' FUNDS 3,662,003 9,788
Page 1
Page 2
For the year ending 31 May 2023 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 her 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
Mrs Shehnaaz Noor - Mohamed
Director
30th April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Malsa Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12010403 . The registered office is 50 Woodgate, Leicester, LE3 5GF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention (in exception of investment property which is based at fair value) 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.

2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Investment Property
2023
£
Fair Value
As at 1 June 2022 638,473
Additions 4,994,205
As at 31 May 2023 5,632,678
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 5,107 3,359
5,107 3,359
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 35,801 -
Corporation tax 6,549 1,884
Other creditors 276,008 230,496
318,358 232,380
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 837,666 256,603
Other creditors 829,843 168,721
1,667,509 425,324
8. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Bank loans and overdrafts 873,466 256,603
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9. Related Party Transactions
During the period, the company acquired the entire partnership business of Aslam and Shehnaaz Noor Mohmed trading as Noor Partnership, in consideration for the issue of new shares in this company.
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