Acorah Software Products - Accounts Production 14.6.300 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 06005300 Ms Nicoleta Garofita Angonas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06005300 2022-11-30 06005300 2023-11-30 06005300 2022-12-01 2023-11-30 06005300 frs-core:CurrentFinancialInstruments 2023-11-30 06005300 frs-core:ShareCapital 2023-11-30 06005300 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 06005300 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06005300 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 06005300 frs-bus:SmallEntities 2022-12-01 2023-11-30 06005300 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 06005300 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 06005300 frs-core:UnlistedNon-exchangeTraded 2023-11-30 06005300 frs-core:UnlistedNon-exchangeTraded 2022-11-30 06005300 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-11-30 06005300 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-11-30 06005300 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-11-30 06005300 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-11-30 06005300 frs-bus:Director1 2022-12-01 2023-11-30 06005300 frs-countries:EnglandWales 2022-12-01 2023-11-30 06005300 2021-11-30 06005300 2022-11-30 06005300 2021-12-01 2022-11-30 06005300 frs-core:CurrentFinancialInstruments 2022-11-30 06005300 frs-core:ShareCapital 2022-11-30 06005300 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 06005300
Temm Engineering Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
TMH Financial Services Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06005300
2023 2022
Notes $ $ $ $
FIXED ASSETS
Investments 4 97,304 97,304
97,304 97,304
CURRENT ASSETS
Debtors 5 679,181 927,215
679,181 927,215
Creditors: Amounts Falling Due Within One Year 6 (6,092,717 ) (6,108,062 )
NET CURRENT ASSETS (LIABILITIES) (5,413,536 ) (5,180,847 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,316,232 ) (5,083,543 )
NET LIABILITIES (5,316,232 ) (5,083,543 )
CAPITAL AND RESERVES
Called up share capital 7 1,900 1,900
Profit and Loss Account (5,318,132 ) (5,085,443 )
SHAREHOLDERS' FUNDS (5,316,232) (5,083,543)
Page 1
Page 2
For the year ending 30 November 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 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
Ms Nicoleta Garofita Angonas
Director
13 August 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
Temm Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06005300 . The registered office is 85 Great Portland Street, London, W1W 7LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The company is part of a smal group. The company has taken advantage of the exemptions provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.
2.2. Going Concern Disclosure
The financial statements have been prepared on the going concern basis, which is dependent upon the continuing financial support of creditors, who were owed $5,957,266 (2022 - $5,980,049) at the balance sheet date. The directors are of the opinion that these creditors will continue to provide financial support to the company. No provision has been made against debtors of $679,181 (2022 - $927,215) which have been outstanding for over 12 months, because in the opinion of the directors, these balances are recoverable. The directors are therefore of the opinion that the going concern basis is appropriate.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into united states dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into united states dollars at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
2.4. 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.
2.5. Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially
measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are 
not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. 
Dividends on equity securities are recognised in income when receivable.
2.6. Debtors
Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
1.7. Creditors
Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
1.8. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditiona right to defer settlement of the liability for at least twelve months after the reporting date.
1.9 Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investments
Unlisted
$
Cost
As at 1 December 2022 97,304
As at 30 November 2023 97,304
Provision
As at 1 December 2022 -
As at 30 November 2023 -
Net Book Value
As at 30 November 2023 97,304
As at 1 December 2022 97,304
The company owns 100% of the share capital of OOO Donata and OOO Sfera, both companies are registered in Russia.
5. Debtors
2023 2022
$ $
Due within one year
Other debtors 679,181 927,215
6. Creditors: Amounts Falling Due Within One Year
2023 2022
$ $
Accruals and deferred income 5,437 4,135
Director's loan account 130,014 123,878
Amounts owed to related parties 5,957,266 5,980,049
6,092,717 6,108,062
7. Share Capital
2023 2022
$ $
Allotted, Called up and fully paid 1,900 1,900
Page 4