Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 4 February 2023 false 1 March 2023 29 February 2024 29 February 2024 13895863 Mr Alaa Saleh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13895863 2023-02-28 13895863 2024-02-29 13895863 2023-03-01 2024-02-29 13895863 frs-core:CurrentFinancialInstruments 2024-02-29 13895863 frs-core:Non-currentFinancialInstruments 2024-02-29 13895863 frs-core:ShareCapital 2024-02-29 13895863 frs-core:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 13895863 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13895863 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13895863 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 13895863 frs-bus:SmallEntities 2023-03-01 2024-02-29 13895863 frs-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 13895863 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13895863 frs-bus:Director1 2023-03-01 2024-02-29 13895863 frs-core:CurrentFinancialInstruments 1 2024-02-29 13895863 frs-countries:EnglandWales 2023-03-01 2024-02-29 13895863 2023-02-03 13895863 2023-02-28 13895863 2023-02-04 2023-02-28 13895863 frs-core:CurrentFinancialInstruments 2023-02-28 13895863 frs-core:Non-currentFinancialInstruments 2023-02-28 13895863 frs-core:ShareCapital 2023-02-03 13895863 frs-core:ShareCapital 2023-02-28 13895863 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-02-03 13895863 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 13895863 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 13895863
ABSU INVESTMENTS LIMITED
Unaudited Financial Statements
For The Year Ended 29 February 2024
ZA LTD
FMAAT AND FFA
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Statement of Changes in Equity 4
Notes to the Financial Statements 5—6
Page 1
Accountants' Report
Report of the Accountant to the directors of ABSU INVESTMENTS LIMITED
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 29 February 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
ZA Limited
26/11/2024
ZA LTD
FMAAT AND FFA
Page 1
Page 2
Balance Sheet
Registered number: 13895863
29 February 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 116,011 -
116,011 -
CURRENT ASSETS
Debtors 5 1,687 8,630
Cash at bank and in hand 178,615 131,573
180,302 140,203
Creditors: Amounts Falling Due Within One Year 6 (2,135 ) (415 )
NET CURRENT ASSETS (LIABILITIES) 178,167 139,788
TOTAL ASSETS LESS CURRENT LIABILITIES 294,178 139,788
Creditors: Amounts Falling Due After More Than One Year 7 (312,922 ) (140,200 )
NET LIABILITIES (18,744 ) (412 )
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account (18,747 ) (415 )
SHAREHOLDERS' FUNDS (18,744) (412)
Page 2
Page 3
For the year ending 29 February 2024 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 Alaa Saleh
Director
26/11/2024
The notes on pages 5 to 6 form part of these financial statements.
Page 3
Page 4
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 4 February 2023 3 (415 ) (412)
As at 28 February 2023 and 1 March 2023 3 (415 ) (412)
Loss for the year and total comprehensive income - (18,332 ) (18,332)
As at 29 February 2024 3 (18,747 ) (18,744)
Page 4
Page 5
Notes to the Financial Statements
1. General Information
ABSU INVESTMENTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 13895863 . The registered office is 152 Woodlands Avenue, Ruislip, England, HA4 9QY.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
29 February 2024
£
Fair Value
As at 1 March 2023 -
Additions 116,011
As at 29 February 2024 116,011
Investment properties including property development of £44,312 and the property cost price of £71,699.
5. Debtors
29 February 2024 28 February 2023
£ £
Due within one year
Other debtors 1,687 8,630
Page 5
Page 6
6. Creditors: Amounts Falling Due Within One Year
29 February 2024 28 February 2023
£ £
Tenant deposit 1,500 -
Accruals and deferred income 635 415
2,135 415
7. Creditors: Amounts Falling Due After More Than One Year
29 February 2024 28 February 2023
£ £
Directors loan account 312,922 140,200
8. Share Capital
29 February 2024 28 February 2023
£ £
Allotted, Called up and fully paid 3 3
Page 6