Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09072171 Mr Ferdinando Fusaro Mr Andrea Vivian Mr Francesco Ferretti iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09072171 2022-12-31 09072171 2023-12-31 09072171 2023-01-01 2023-12-31 09072171 frs-core:CurrentFinancialInstruments 2023-12-31 09072171 frs-core:OtherResidualIntangibleAssets 2023-12-31 09072171 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 09072171 frs-core:OtherResidualIntangibleAssets 2022-12-31 09072171 frs-core:ShareCapital 2023-12-31 09072171 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09072171 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09072171 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09072171 frs-bus:SmallEntities 2023-01-01 2023-12-31 09072171 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09072171 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09072171 frs-core:UnlistedNon-exchangeTraded 2023-12-31 09072171 frs-core:UnlistedNon-exchangeTraded 2022-12-31 09072171 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 09072171 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09072171 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09072171 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 09072171 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 09072171 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09072171 frs-bus:Director1 2023-01-01 2023-12-31 09072171 frs-bus:Director2 2023-01-01 2023-12-31 09072171 frs-bus:Director3 2023-01-01 2023-12-31 09072171 frs-core:CurrentFinancialInstruments 1 2023-12-31 09072171 frs-countries:EnglandWales 2023-01-01 2023-12-31 09072171 2021-12-31 09072171 2022-12-31 09072171 2022-01-01 2022-12-31 09072171 frs-core:CurrentFinancialInstruments 2022-12-31 09072171 frs-core:ShareCapital 2022-12-31 09072171 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 09072171 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 09072171
Th3 Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09072171
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 14,669 11,501
Investments 4 991,532 985,691
1,006,201 997,192
CURRENT ASSETS
Debtors 5 990,673 1,253,505
Investments 6 26,624 25,303
Cash at bank and in hand 626,440 253,504
1,643,737 1,532,312
Creditors: Amounts Falling Due Within One Year 7 (68,177 ) (92,857 )
NET CURRENT ASSETS (LIABILITIES) 1,575,560 1,439,455
TOTAL ASSETS LESS CURRENT LIABILITIES 2,581,761 2,436,647
NET ASSETS 2,581,761 2,436,647
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 2,580,761 2,435,647
SHAREHOLDERS' FUNDS 2,581,761 2,436,647
Page 1
Page 2
For the year ending 31 December 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 Profit and Loss Account.
On behalf of the board
Mr Ferdinando Fusaro
Director
09/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2022: NIL)
- -
3. Intangible Assets
Other
£
Cost
As at 1 January 2023 11,501
Additions 3,168
As at 31 December 2023 14,669
Net Book Value
As at 31 December 2023 14,669
As at 1 January 2023 11,501
Page 3
Page 4
4. Investments
Unlisted
£
Cost
As at 1 January 2023 985,691
Additions 8,303
Disposals (2,462 )
As at 31 December 2023 991,532
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 991,532
As at 1 January 2023 985,691
Investments represents share of following group companies:
TH3 Hub srl
£4,64,640.00
TH3 Standard GMBH
£9,923.00
Retainology
£1,946.43
TH3 Standard HK Ltd
£4,984.67
TH3 STANDARD PTE LTD
£401.47
Black Sixteen Ltd
£30,000.00
Maintenet Ltd
£667.00
Th3 Green Ltd
£1000.00
TH3 Standard Ltd
£1000.00
THE Standard ITALIA SRL
£4,76,969.60
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 305,115 248,983
Other debtors 1,000 1,000
Debtors for Investment sale - Aik Khong Tern 27,104 -
Amounts owed by other participating interests 657,454 1,003,522
990,673 1,253,505
6. Current Asset Investments
2023 2022
£ £
Unlisted investments 26,624 25,303
26,624 25,303
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 10,803
Corporation tax 60,786 43,663
Amounts owed to group undertakings 7,391 38,391
68,177 92,857
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Related Party Transactions
Related party transactions took place in the year 2023:

During the year company has given the interest free loan to Black Sixteen ltd of amount £83,180 and also recieved repayment of £43,180 So,the closing balance as on 31.12.2023 is £50,000 (2022: -£6,637) same included note 5.
During the year company has received repayment of loan of £394,457 and given interest free loan to TH3 Standard ltd of £6,164 The closing balance as on 31.12.2023 is £6,164 (2022: -£394,457) same included note 7.

TH3 Ltd rendered services amounting to £9,792 (2022:£7,098) to Maintenet Ltd, by the end of the year TH3 Ltd had an outstanding amount to receive of £13,155 (2022:£8,298) same included note 5.
TH3 Ltd rendered services to TH3 Standard Ltd amounting to £0.00 (2022:£0.00); At the year end, TH3 Ltd owed to Th3 standard Ltd £23,466 (2022:£23,466) same included note 5.
10. General Information
Th3 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09072171 . The registered office is 19 The Circle, Queen Elizabeth Street, London, SE1 2JE.
Page 5