Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 SC224168 Mr Valeriy Svets iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC224168 2022-10-31 SC224168 2023-10-31 SC224168 2022-11-01 2023-10-31 SC224168 frs-core:CurrentFinancialInstruments 2023-10-31 SC224168 frs-core:Non-currentFinancialInstruments 2023-10-31 SC224168 frs-core:ShareCapital 2023-10-31 SC224168 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC224168 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC224168 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 SC224168 frs-bus:SmallEntities 2022-11-01 2023-10-31 SC224168 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC224168 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC224168 frs-core:CostValuation 2022-10-31 SC224168 frs-core:CostValuation 2023-10-31 SC224168 frs-core:ProvisionsForImpairmentInvestments 2022-10-31 SC224168 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 SC224168 frs-bus:Director1 2022-11-01 2023-10-31 SC224168 frs-core:CurrentFinancialInstruments 1 2023-10-31 SC224168 frs-core:Non-currentFinancialInstruments 1 2023-10-31 SC224168 frs-countries:Scotland 2022-11-01 2023-10-31 SC224168 2021-10-31 SC224168 2022-10-31 SC224168 2021-11-01 2022-10-31 SC224168 frs-core:CurrentFinancialInstruments 2022-10-31 SC224168 frs-core:Non-currentFinancialInstruments 2022-10-31 SC224168 frs-core:ShareCapital 2022-10-31 SC224168 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 SC224168 frs-core:CurrentFinancialInstruments 1 2022-10-31 SC224168 frs-core:Non-currentFinancialInstruments 1 2022-10-31
Registered number: SC224168
Arton Financial Services Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: SC224168
2023 2022
Notes
FIXED ASSETS
Investments 4 10,270,000 10,270,000
10,270,000 10,270,000
CURRENT ASSETS
Debtors 5 4,327,157 4,327,157
Cash at bank and in hand 22,662 22,662
4,349,819 4,349,819
Creditors: Amounts Falling Due Within One Year 6 (519,909 ) (519,909 )
NET CURRENT ASSETS (LIABILITIES) 3,829,910 3,829,910
TOTAL ASSETS LESS CURRENT LIABILITIES 14,099,910 14,099,910
Creditors: Amounts Falling Due After More Than One Year 7 (13,784,413 ) (13,784,413 )
NET ASSETS 315,497 315,497
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement 315,496 315,496
SHAREHOLDERS' FUNDS 315,497 315,497
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Page 2
For the year ending 31 October 2023 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 Income Statement.
On behalf of the board
Mr Valeriy Svets
Director
19/07/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Arton Financial Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC224168 . The registered office is 9a Tinto Place, Edinburgh, EH6 5GD.
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. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investments
Other
Cost
As at 1 November 2022 10,270,000
As at 31 October 2023 10,270,000
Provision
As at 1 November 2022 -
As at 31 October 2023 -
Net Book Value
As at 31 October 2023 10,270,000
As at 1 November 2022 10,270,000
Other loans represent the following:

i) € 10,270,000 an interest free loan was granted to Golf and Country Club Ltd., the company registered in Ukraine.


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5. Debtors
2023 2022
Due within one year
Interest receivable 4,327,157 4,327,157
4,327,157 4,327,157
6. Creditors: Amounts Falling Due Within One Year
2023 2022
Other creditors 6,100 6,100
Interest payable 513,809 513,809
519,909 519,909
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
Loans 13,784,413 13,784,413
13,784,413 13,784,413
Loans represent as following:

i) € 7,740,661 interest free loan is due to L. Goldberg, resident of Israel.
ii) € 6,043,752 interest free loan is due to Gosfield International Inc., a company registered in Seyshelles.
8. Share Capital
2023 2022
Allotted, Called up and fully paid 1 1
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