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REGISTERED NUMBER: 03449990 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TELEMACH INFO UK LIMITED

TELEMACH INFO UK LIMITED (REGISTERED NUMBER: 03449990)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TELEMACH INFO UK LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTOR: E Fourakis





REGISTERED OFFICE: C/O Bracher Rawlins LLP
16 High Holborn
London
WC1V 6BX





REGISTERED NUMBER: 03449990 (England and Wales)





AUDITORS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

TELEMACH INFO UK LIMITED (REGISTERED NUMBER: 03449990)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 - -

CURRENT ASSETS
Cash in hand 7 7
TOTAL ASSETS LESS CURRENT
LIABILITIES

7

7

CAPITAL AND RESERVES
Called up share capital 5 1 1
Retained earnings 6 6
SHAREHOLDERS' FUNDS 7 7

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





E Fourakis - Director


TELEMACH INFO UK LIMITED (REGISTERED NUMBER: 03449990)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Telemach Info UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£).

The company was dormant throughout the current year and previous year.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Financial instruments
Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

TELEMACH INFO UK LIMITED (REGISTERED NUMBER: 03449990)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 62,500 12,500 75,000
PROVISIONS
At 1 January 2023
and 31 December 2023 62,500 12,500 75,000
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - - -

The investment represents the entire issued share capital of Open Connections Holdings Limited, a company registered in England and Wales, together with a loan note.

In the financial year ended 31 December 2023, Open Connections Holdings Limited did not trade (2022 - did not trade) and had net assets at that date of £1 (2022 - £1). Its principal activity is that of a holding company.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary share capital £1 1 1

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Coombe FCA (Senior Statutory Auditor)
for and on behalf of Burnside

7. CONTINGENT LIABILITIES

Together with Telemach Info International Inc and Open Connections Solutions Limited, Telemach Info UK Limited has joint and several liability for repayment of a $518,000 cash advance loan from Thermo Info Solutions Inc. to Telemach Info International Inc. During October 2004, the repayment terms were renegotiated whereby the amount no longer attracts interest through to October 2014, and these revised terms have been extended indefinitely.

8. RELATED PARTY DISCLOSURES

The controlling party is E Fourakis.