Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 06554854 Ms S Jaffer Mr H A Suleman Mr M Jetha Dr M Raman Mr H L Jaffer Frank Truman Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06554854 2023-04-30 06554854 2024-04-30 06554854 2023-05-01 2024-04-30 06554854 frs-core:CurrentFinancialInstruments 2024-04-30 06554854 frs-core:Non-currentFinancialInstruments 2024-04-30 06554854 frs-core:ShareCapital 2024-04-30 06554854 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06554854 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06554854 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 06554854 frs-bus:SmallEntities 2023-05-01 2024-04-30 06554854 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06554854 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06554854 frs-bus:Director1 2023-05-01 2024-04-30 06554854 frs-bus:Director2 2023-05-01 2024-04-30 06554854 frs-bus:Director3 2023-05-01 2024-04-30 06554854 frs-bus:Director4 2023-05-01 2024-04-30 06554854 frs-bus:Director5 2023-05-01 2024-04-30 06554854 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 06554854 frs-countries:EnglandWales 2023-05-01 2024-04-30 06554854 2022-04-30 06554854 2023-04-30 06554854 2022-05-01 2023-04-30 06554854 frs-core:CurrentFinancialInstruments 2023-04-30 06554854 frs-core:Non-currentFinancialInstruments 2023-04-30 06554854 frs-core:ShareCapital 2023-04-30 06554854 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 06554854
Finbar Investments (International) Limited
Financial Statements
For The Year Ended 30 April 2024
Fairman Harris
ICAEW
Fairman Harris
1 Landor Road
London
SW9 9RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06554854
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 7,150,300 4,857,620
Investments 5 3,084,245 3,084,245
Cash at bank and in hand 384,751 2,003,506
10,619,296 9,945,371
Creditors: Amounts Falling Due Within One Year 6 (9,558,684 ) (9,056,627 )
NET CURRENT ASSETS (LIABILITIES) 1,060,612 888,744
TOTAL ASSETS LESS CURRENT LIABILITIES 1,060,612 888,744
Creditors: Amounts Falling Due After More Than One Year 7 (30,085 ) (35,459 )
NET ASSETS 1,030,527 853,285
CAPITAL AND RESERVES
Called up share capital 8 150 150
Profit and Loss Account 1,030,377 853,135
SHAREHOLDERS' FUNDS 1,030,527 853,285
Page 1
Page 2
For the year ending 30 April 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 H L Jaffer
Director
31 January 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Finbar Investments (International) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06554854 . The registered office is Kirkland House, 11-15 Peterborough Road, Harrow, Middlesex, HA1 2AX.
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.
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. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 178,311 89,155
Other debtors 6,971,989 4,768,465
7,150,300 4,857,620
Page 3
Page 4
5. Current Asset Investments
2024 2023
£ £
Unlisted investments 3,084,245 3,084,245
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,594 9,193
Bank loans and overdrafts 5,245 5,117
Corporation tax 37,963 33,401
Other creditors 9,509,282 9,005,316
Accruals and deferred income 3,600 3,600
9,558,684 9,056,627
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 30,085 35,459
The loan above is a covid support one and it is not secured.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 150 150
9. Related Party Transactions
Rosebury Capital Ltd - company related by virtue of common ownership / control and / or directorship
Intercompany balance: Dr £845,730 (2023: Dr £982,240)
Kendalgold Ltd - company related by virtue of common ownership / control and / or directorship
Intercompany balance: Dr £871,774 (2023: Dr £1,057,466.93)
Ayre Properties Ltd - company related by virtue of common ownership / control and / or directorship
Intercompany balance: Dr £722,937 (2023: Dr £722,937)
Leena Plaza Holding Ltd - company related by virtue of common ownership / control and / or directorship
Intercompany balance: Dr £nil (2023: Dr £39,202)
Indigo 14 Ltd - company related by virtue of common ownership / control and / or directorship
Intercompany balance: Dr £1,122,649 (2023: Dr £1,122,649)
Alkala Investments Ltd loan 
Intercomany balance: Dr £502,049 (2023: Dr £561,563)
Soriano Services inc loan 
Intercompany balance: DB £230,542 (2023: Dr £237,673)
Great Leap Co No 2 Ltd - company related by virtue of common ownership / control and / or directorship
Intercompany balance: Dr £2,000 (2023: £2000)
Rolls Investments NV - company related by virtue of common ownership / control and / or directorship
Intercompany balance: Cr £4,848,853 (2023: Cr £4,848,853)
Truman Securities Ltd - company related by virtue of common ownership / control and / or directorship
Intercompany balance: Dr £41,083 (2023: Dr £42,583)
Swissgen NV - company related by virtue of common ownership / control and / or directorship
...CONTINUED
Page 4
Page 5
9. Related Party Transactions - continued
Intercompany balance: Cr £4,568,294 (2023: Cr £1,249,295)
Destination Hotels ltd - company related by virtue of common ownership / control and / or directorship
Intercompany balance: Cr 82,135 (2023: Cr £82,135)
Benson Securities ltd - company related by virtue of common ownership / control and / or directorship
Intercompany balance: Cr 10,000 (2023: Cr £10,000)
Frank Truman
Intercompany balance: Dr £2,495,054 (2023: Cr £165,033)
Page 5