Acorah Software Products - Accounts Production 14.6.300 false true true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 12819339 Magdiel Feval true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12819339 2022-08-31 12819339 2023-08-31 12819339 2022-09-01 2023-08-31 12819339 frs-core:CurrentFinancialInstruments 2023-08-31 12819339 frs-core:Non-currentFinancialInstruments 2023-08-31 12819339 frs-core:ComputerEquipment 2023-08-31 12819339 frs-core:ComputerEquipment 2022-09-01 2023-08-31 12819339 frs-core:ComputerEquipment 2022-08-31 12819339 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-31 12819339 frs-core:InvestmentPropertyIncludedWithinPPE 2022-08-31 12819339 frs-core:ShareCapital 2023-08-31 12819339 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 12819339 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12819339 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 12819339 frs-bus:SmallEntities 2022-09-01 2023-08-31 12819339 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12819339 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 12819339 1 2022-09-01 2023-08-31 12819339 frs-bus:Director1 2022-09-01 2023-08-31 12819339 frs-countries:EnglandWales 2022-09-01 2023-08-31 12819339 2021-08-31 12819339 2022-08-31 12819339 2021-09-01 2022-08-31 12819339 frs-core:CurrentFinancialInstruments 2022-08-31 12819339 frs-core:Non-currentFinancialInstruments 2022-08-31 12819339 frs-core:ShareCapital 2022-08-31 12819339 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 12819339
Teliom Associates Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12819339
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 252,655 2,125
252,655 2,125
CURRENT ASSETS
Debtors 5 2,573 4,550
Cash at bank and in hand 671 89,795
3,244 94,345
Creditors: Amounts Falling Due Within One Year 6 (78,169 ) (43,564 )
NET CURRENT ASSETS (LIABILITIES) (74,925 ) 50,781
TOTAL ASSETS LESS CURRENT LIABILITIES 177,730 52,906
Creditors: Amounts Falling Due After More Than One Year 7 (187,073 ) -
NET (LIABILITIES)/ASSETS (9,343 ) 52,906
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (9,344 ) 52,905
SHAREHOLDERS' FUNDS (9,343) 52,906
Page 1
Page 2
For the year ending 31 August 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 his 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
Magdiel Feval
Director
28 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
Teliom Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12819339 . The registered office is 130 Marathon House, 33 Olympic Way, WEMBLEY, England , HA9 0GF.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors believe that the company would have sufficient resources to continue to trade for foreseeable future.
2.3. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Income from investment properties
Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.
Service charge income is recognised as revenue in the period to which it relates.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. No depreciation is provided in the year of accquisition. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 15% on reducing balance method
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Investment Properties Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 September 2022 - 2,500 2,500
Additions 288,798 2,349 291,147
Revaluation (40,298) - (40,298 )
As at 31 August 2023 248,500 4,849 253,349
Depreciation
As at 1 September 2022 - 375 375
Provided during the period - 319 319
As at 31 August 2023 - 694 694
Net Book Value
As at 31 August 2023 248,500 4,155 252,655
As at 1 September 2022 - 2,125 2,125
The investment properties are valued, at balance sheet date, by directors of the company based on the assessment of available market information and property condition. The directors believe the their valuation would not be materially different from the professional valuation.
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 2,573 4,550
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 13,467 13,567
VAT 2,979 2,979
Accruals and deferred income 864 1,464
Director's loan account 60,859 25,554
78,169 43,564
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 187,073 -
8. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Bank loans and overdrafts 187,073 -
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
Included in creditors due within one year is an amount of £60,859 (2022: £25,554 ) owed to its director. The amount is interest free and repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is the director by virtue of the ownership of 100% of the issued share capital in the company.
Page 4