REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
TELEMACH INFO UK LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 | 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: | £ | £ |
Ordinary share capital | £1 | 1 | 1 |
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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. |