Acorah Software Products - Accounts Production 15.0.600 false true false 6 February 2023 28 February 2024 28 February 2024 14641992 Mr RENYUE SHEN iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14641992 2023-02-05 14641992 2024-02-28 14641992 2023-02-06 2024-02-28 14641992 frs-core:CurrentFinancialInstruments 2024-02-28 14641992 frs-core:Non-currentFinancialInstruments 2024-02-28 14641992 frs-core:ComputerEquipment 2024-02-28 14641992 frs-core:ComputerEquipment 2023-02-06 2024-02-28 14641992 frs-core:ComputerEquipment 2023-02-05 14641992 frs-core:FurnitureFittings 2024-02-28 14641992 frs-core:FurnitureFittings 2023-02-06 2024-02-28 14641992 frs-core:FurnitureFittings 2023-02-05 14641992 frs-core:ShareCapital 2024-02-28 14641992 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 14641992 frs-bus:PrivateLimitedCompanyLtd 2023-02-06 2024-02-28 14641992 frs-bus:FilletedAccounts 2023-02-06 2024-02-28 14641992 frs-bus:SmallEntities 2023-02-06 2024-02-28 14641992 frs-bus:AuditExempt-NoAccountantsReport 2023-02-06 2024-02-28 14641992 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-06 2024-02-28 14641992 frs-bus:Director1 2023-02-06 2024-02-28 14641992 frs-countries:EnglandWales 2023-02-06 2024-02-28
Registered number: 14641992
MEECHEE INVESTMENT & MANAGEMENT LTD
Unaudited Financial Statements
For the Period 6 February 2023 to 28 February 2024
LABAIT PROFESSIONALS LIMITED
Institute of Financial Accountants
Unit 1
17 Castle Street
Chester
England
CH1 2DS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14641992
28 February 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 5,678
Investment Properties 5 628,505
634,183
CURRENT ASSETS
Debtors 6 242
Cash at bank and in hand 32,577
32,819
Creditors: Amounts Falling Due Within One Year 7 (26,938 )
NET CURRENT ASSETS (LIABILITIES) 5,881
TOTAL ASSETS LESS CURRENT LIABILITIES 640,064
Creditors: Amounts Falling Due After More Than One Year 8 (633,071 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,147 )
NET ASSETS 2,846
CAPITAL AND RESERVES
Called up share capital 9 1
Profit and Loss Account 2,845
SHAREHOLDERS' FUNDS 2,846
Page 1
Page 2
For the period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 RENYUE SHEN
Director
26/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MEECHEE INVESTMENT & MANAGEMENT LTD is a private company, limited by shares, incorporated in England & Wales, registered number 14641992 . The registered office is 162 UNEX TOWER, 7 STATION STREET, LONDON, E15 1LA.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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% Straight Line
Computer Equipment 25% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments FRS 102' to all of its financial instrument.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liability are offset, with the net amounts present in the financial statements, when there is a legal 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, which include debtors and cash and bank balance, and 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. Financial assets classified as receivable within one year are not amortised.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidence a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
...CONTINUED
Page 3
Page 4
2.5. Financial Instruments - continued
Debt instrument are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 6 February 2023 - - -
Additions 4,794 1,399 6,193
As at 28 February 2024 4,794 1,399 6,193
Depreciation
As at 6 February 2023 - - -
Provided during the period 461 54 515
As at 28 February 2024 461 54 515
Net Book Value
As at 28 February 2024 4,333 1,345 5,678
As at 6 February 2023 - - -
5. Investment Property
28 February 2024
£
Fair Value
As at 6 February 2023 -
Additions 620,285
Fair value adjustments 8,220
As at 28 February 2024 628,505
MEECHEE INVESTMENT & MANAGEMENT LTD measures the investment property at its cost at initial recognition and the cost of purchased investment property  comprises its purchase price and any directly attributable costs such as legal fees, brokerage fees, stamp duties and other transaction costs.
After initial recognition,  the investment property is measured at fair value at each reporting date . The fair value movements on investment property are transferred to a separate non-distributable reserve. 
6. Debtors
28 February 2024
£
Due within one year
Trade debtors 100
Other debtors 142
242
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
28 February 2024
£
Other creditors 26,938
8. Creditors: Amounts Falling Due After More Than One Year
28 February 2024
£
Other loans 633,071
9. Share Capital
28 February 2024
£
Called Up Share Capital not Paid 1
Amount of Allotted, Called Up Share Capital 1
10. Related Party Transactions
At the begining of the accounting year,  the opening balance of the director's loan  and other loans were nil.
During the year, the company borrowed £5,300.00 from the director Renyue Shen.
During the year,  the company borrowed £418,571.00 with the interest rate of 3.5% per annum from the shareholder of Best Wealth Global Limited.
During the year, the company borrowed £214,500.00 with the interest rate of 3.5% per annum from the family member of Qi Ren.
At the end of the accounting year, the closing balance of balance of the director's loan was £5,300.00 and other loans were £633,071.00.
Page 5