Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05237096 A Radomski J Salvatella Plans Oppa Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05237096 2022-12-31 05237096 2023-12-31 05237096 2023-01-01 2023-12-31 05237096 frs-core:FurnitureFittings 2023-01-01 2023-12-31 05237096 frs-core:SharePremium 2023-12-31 05237096 frs-core:ShareCapital 2023-12-31 05237096 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05237096 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05237096 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05237096 frs-bus:SmallEntities 2023-01-01 2023-12-31 05237096 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05237096 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05237096 frs-core:UnlistedNon-exchangeTraded 2023-12-31 05237096 frs-core:UnlistedNon-exchangeTraded 2022-12-31 05237096 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 05237096 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 05237096 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 05237096 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 05237096 frs-bus:Director1 2023-01-01 2023-12-31 05237096 frs-bus:Director2 2023-01-01 2023-12-31 05237096 frs-bus:Director3 2023-01-01 2023-12-31 05237096 frs-core:CurrentFinancialInstruments 1 2023-12-31 05237096 frs-countries:EnglandWales 2023-01-01 2023-12-31 05237096 2021-12-31 05237096 2022-12-31 05237096 2022-01-01 2022-12-31 05237096 frs-core:CurrentFinancialInstruments 2022-12-31 05237096 frs-core:SharePremium 2022-12-31 05237096 frs-core:ShareCapital 2022-12-31 05237096 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 05237096 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 05237096
Foreign Investments Management Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05237096
2023 2022
Notes
FIXED ASSETS
Investments 4 750,000 750,000
750,000 750,000
CURRENT ASSETS
Debtors 5 15,000 16,715
Cash at bank and in hand 29,779 4,142
44,779 20,857
Creditors: Amounts Falling Due Within One Year 6 - (17,376 )
NET CURRENT ASSETS (LIABILITIES) 44,779 3,481
TOTAL ASSETS LESS CURRENT LIABILITIES 794,779 753,481
NET ASSETS 794,779 753,481
CAPITAL AND RESERVES
Called up share capital 7 14,807 14,807
Share premium account 74,023 74,023
Profit and Loss Account 705,949 664,651
SHAREHOLDERS' FUNDS 794,779 753,481
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
A Radomski
Director
9 September 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
Foreign Investments Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05237096 . The registered office is C/O London Accountants Hurlingham Studios, Ranelagh Gardens, London, SW6 3PA.
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.
The financial statements are prepared in euro, which is functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest euro.
2.2. Turnover
Revenue from investment is received as dividend net of any taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Fixtures & Fittings 25% on cost
2.4. Foreign Currencies
Transactions in currencies other than euros are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gain and losses arising on translation in the period are included in statement of comprehensive income.
2.5. Investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognsed immediately in profit or loss.
2.6. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Investments
Unlisted
Cost
As at 1 January 2023 750,000
As at 31 December 2023 750,000
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 750,000
As at 1 January 2023 750,000
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The company's investments at the Balance Sheet date in the share capital of companies including the following:
Gestion Mediterranea 2004, S.L
Registered office: Spain
Nature of business: Audio Visual and Other Business Activities
Class of shares: Ordinary 99.99%
5. Debtors
2023 2022
Due within one year
Other debtors-Wilton - 1,715
Other debtors-Skarlatos Ioannis 15,000 15,000
15,000 16,715
6. Creditors: Amounts Falling Due Within One Year
2023 2022
Shareholder loan - 1,428
Accruals and deferred income - 15,948
- 17,376
7. Share Capital
2023 2022
Allotted, Called up and fully paid 14,807 14,807
Ordinary share capital issued and fully paid 10,000 of £1.00 each
8. Dividends
2023 2022
On equity shares:
Final dividend paid 890,000 500,000
890,000 500,000
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