Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11705573 Mr Canip Melih Samli Mr Marie Gerard Gaston Yannick Langlois C M Samli true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11705573 2022-12-31 11705573 2023-12-31 11705573 2023-01-01 2023-12-31 11705573 frs-core:CurrentFinancialInstruments 2023-12-31 11705573 frs-core:Non-currentFinancialInstruments 2023-12-31 11705573 frs-core:ShareCapital 2023-12-31 11705573 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11705573 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11705573 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11705573 frs-bus:SmallEntities 2023-01-01 2023-12-31 11705573 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11705573 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11705573 1 2023-01-01 2023-12-31 11705573 frs-core:UnlistedNon-exchangeTraded 2023-12-31 11705573 frs-core:UnlistedNon-exchangeTraded 2022-12-31 11705573 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 11705573 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 11705573 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 11705573 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 11705573 frs-bus:Director1 2023-01-01 2023-12-31 11705573 frs-bus:Director2 2023-01-01 2023-12-31 11705573 frs-countries:EnglandWales 2023-01-01 2023-12-31 11705573 2021-12-31 11705573 2022-12-31 11705573 2022-01-01 2022-12-31 11705573 frs-core:CurrentFinancialInstruments 2022-12-31 11705573 frs-core:Non-currentFinancialInstruments 2022-12-31 11705573 frs-core:ShareCapital 2022-12-31 11705573 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11705573
Diem UK Enterprises Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Adbell Advisory Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11705573
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 44,232 44,232
44,232 44,232
CURRENT ASSETS
Debtors 5 2,485 20,880
Cash at bank and in hand 30,107 16,949
32,592 37,829
Creditors: Amounts Falling Due Within One Year 6 (69,830 ) (66,981 )
NET CURRENT ASSETS (LIABILITIES) (37,238 ) (29,152 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,994 15,080
Creditors: Amounts Falling Due After More Than One Year 7 (3,759 ) (5,159 )
NET ASSETS 3,235 9,921
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 3,135 9,821
SHAREHOLDERS' FUNDS 3,235 9,921
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 Canip Melih Samli
Director
20/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Diem UK Enterprises Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11705573 . The registered office is Birchin Court, 20 Birchin Lane, London, EC3V 9DJ.
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 financial statements are prepared on the basis of the going concern, which assumes that the company will be in operational existence for the foreseeable future. This depends upon continued support of the shareholders. The financial statements do not include any adjustments that would result if such support is withdrawn.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Leasing and Hire Purchase Contracts
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Classification of financial liabilities 
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments 
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company
2.6. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
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2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.8. Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.9. Cash and cash equivalents
Cash and cash equivalents 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.
2.10. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 1)
4 1
4. Investments
Unlisted
£
Cost
As at 1 January 2023 44,232
As at 31 December 2023 44,232
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 44,232
As at 1 January 2023 44,232
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 20,000
Other debtors 2,485 880
2,485 20,880
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 25,167 -
Other creditors 43,606 65,365
Taxation and social security 1,057 1,616
69,830 66,981
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 3,759 5,159
8. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
Allotted and issued 100 ordinary shares in £1 nominal value each.
9. Ultimate Controlling Party
The company's ultimate controlling party is C M Samli by virtue of his ownership of 100% of the issued share capital in the company.
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