Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 13211941 Mr S Vaksman S. Vaksman true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13211941 2023-02-28 13211941 2024-02-28 13211941 2023-03-01 2024-02-28 13211941 frs-core:CurrentFinancialInstruments 2024-02-28 13211941 frs-core:ShareCapital 2024-02-28 13211941 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 13211941 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13211941 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 13211941 frs-bus:SmallEntities 2023-03-01 2024-02-28 13211941 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 13211941 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 13211941 1 2023-03-01 2024-02-28 13211941 frs-core:UnlistedNon-exchangeTraded 2024-02-28 13211941 frs-core:UnlistedNon-exchangeTraded 2023-02-28 13211941 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 13211941 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-28 13211941 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-28 13211941 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 13211941 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-28 13211941 frs-bus:Director1 2023-03-01 2024-02-28 13211941 frs-core:CurrentFinancialInstruments 1 2024-02-28 13211941 frs-countries:EnglandWales 2023-03-01 2024-02-28 13211941 2022-02-28 13211941 2023-02-28 13211941 2022-03-01 2023-02-28 13211941 frs-core:CurrentFinancialInstruments 2023-02-28 13211941 frs-core:ShareCapital 2023-02-28 13211941 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 13211941 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 13211941
Dinair Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 13211941
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 1,152,442 1,833,117
1,152,442 1,833,117
CURRENT ASSETS
Investments 5 2,477,480 -
Cash at bank and in hand 1,079,648 173,179
3,557,128 173,179
Payables: Amounts Falling Due Within One Year 6 (2,819,464 ) (2,077,220 )
NET CURRENT ASSETS (LIABILITIES) 737,664 (1,904,041 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,890,106 (70,924 )
NET ASSETS/(LIABILITIES) 1,890,106 (70,924 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 1,890,006 (71,024 )
SHAREHOLDERS' FUNDS 1,890,106 (70,924)
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For the year 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 Income Statement.
On behalf of the board
Mr S Vaksman
Director
15/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Dinair Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13211941 . The registered office is 12 Mulberry Place, Pinnell Road, London, SE9 6AR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Investments
Non-current investments are stated at historical cost less provision for any diminution in value. 
Short-term investments are initially measured at cost, which includes transaction costs. Subsequently, they are measured at fair value with changes in fair value recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment. Short-term investments are classified as current assets if they are expected to be realised within 12 months after the reporting date.
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2.7. Receivables
Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of receivables is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.
2.8. Payables
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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Payables are recognised initially at the 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 year was: NIL (2023: NIL)
- -
4. Investments
Unlisted
£
Cost
As at 1 March 2023 1,833,117
Disposals (680,675 )
As at 28 February 2024 1,152,442
Provision
As at 1 March 2023 -
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 1,152,442
As at 1 March 2023 1,833,117
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
  • The company holds 60% of ordinary voting rights and shares of Ingas LLC, a company incorporated in Ukraine. The principal activity of Ingas LLC is that of production of industrial gases. The loss for the financial year ending 31/12/23 of Ingas LLC was £268,821 and the aggregate amount of capital and reserves at the end of the year was £7,122,985.
  • The company holds 100% of ordinary voting rights and shares of Pantem LLC, a company incorporated in Ukraine. The principal activity of Pantem LLC is that of leasing of other machines, equipment and goods. The profit for the financial year ending 31/12/23 of Pantem LLC was £11,337 and the aggregate amount of capital and reserves at the end of the year was £107,217.
5. Current Asset Investments
2024 2023
£ £
Short term deposits 2,477,480 -
Investments in short term deposits have an original maturity of 12 months or less. At the balance sheet date the average maturity of the deposits was 10 months.  The average interest rate was 4.7% 
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6. Payables: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 135,329 -
Other creditors 2,075,340 2,075,340
Dividends payable 603,075 -
Accruals and deferred income 3,840 1,880
Director's loan account 1,880 -
2,819,464 2,077,220
8. Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.
9. Post Balance Sheet Events
There have been no significant events between the year end and the date of approval of these accounts which would require a change to, or disclosure in, the financial statements.
10. Related Party Transactions
The company is a parent of wholly owned subsidiaries and has therefore taken advantage of the provisions of paragraph 1AC.35 of FRS 102 - Small Entities not to disclose transactions with entities that are wholly owned members of its group.
There were no other related party transactions to disclose.
11. Ultimate Controlling Party
The company's ultimate controlling party is S. Vaksman by virtue of his ownership of 100% of the issued share capital in the company.
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