Acorah Software Products - Accounts Production 15.0.500 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 14086151 Mr J S Parmar Mrs B K Parmar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14086151 2023-05-31 14086151 2024-05-31 14086151 2023-06-01 2024-05-31 14086151 frs-core:CurrentFinancialInstruments 2024-05-31 14086151 frs-core:Non-currentFinancialInstruments 2024-05-31 14086151 frs-core:ShareCapital 2024-05-31 14086151 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 14086151 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14086151 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 14086151 frs-bus:SmallEntities 2023-06-01 2024-05-31 14086151 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 14086151 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14086151 frs-bus:Director1 2023-06-01 2024-05-31 14086151 frs-bus:Director2 2023-06-01 2024-05-31 14086151 frs-countries:EnglandWales 2023-06-01 2024-05-31 14086151 2022-05-31 14086151 2023-05-31 14086151 2022-06-01 2023-05-31 14086151 frs-core:CurrentFinancialInstruments 2023-05-31 14086151 frs-core:Non-currentFinancialInstruments 2023-05-31 14086151 frs-core:ShareCapital 2023-05-31 14086151 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 14086151
Achinta Investments Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14086151
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 364,100 364,100
364,100 364,100
CURRENT ASSETS
Cash at bank and in hand 1,519 6,921
1,519 6,921
Creditors: Amounts Falling Due Within One Year 5 (125,228 ) (117,368 )
NET CURRENT ASSETS (LIABILITIES) (123,709 ) (110,447 )
TOTAL ASSETS LESS CURRENT LIABILITIES 240,391 253,653
Creditors: Amounts Falling Due After More Than One Year 6 (260,779 ) (260,779 )
NET LIABILITIES (20,388 ) (7,126 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (20,488 ) (7,226 )
SHAREHOLDERS' FUNDS (20,388) (7,126)
Page 1
Page 2
For the year ending 31 May 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 J S Parmar
Director
30/07/2024
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
Achinta Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14086151 . The registered office is 19-21 Manor Road, Caddington, LU1 4EE.
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 company made a loss after tax for the year ending 31 May 2024 of £20,488 resulting in a balance £20,388 at the balance sheet date. However of this deficit £106,221 is owed to the director of the given assurances that he will continue his financial support such that the company will be able to as they fall due.
In light of the above and after taking into account all information that could reasonably be expected the directors are confident that the company will continue in operational existence for the foreseeable the going concern basis is appropriate for the preparation of the company's financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.
2.4. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.5. Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
2.6. Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 3)
1 3
4. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 364,100
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net wages 15,858 9,432
Other creditors 1,615 1,615
Accruals and deferred income 1,534 1,440
Directors' loan accounts 106,221 104,881
125,228 117,368
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 260,779 260,779
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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