Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03297583 Mrs Vania Casini Mr Didier Robert Chauty true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03297583 2022-12-31 03297583 2023-12-31 03297583 2023-01-01 2023-12-31 03297583 frs-core:CurrentFinancialInstruments 2023-12-31 03297583 frs-core:ShareCapital 2023-12-31 03297583 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03297583 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03297583 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03297583 frs-bus:SmallEntities 2023-01-01 2023-12-31 03297583 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03297583 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03297583 1 2023-01-01 2023-12-31 03297583 frs-core:CostValuation 2022-12-31 03297583 frs-core:CostValuation 2023-12-31 03297583 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 03297583 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 03297583 frs-bus:Director1 2023-01-01 2023-12-31 03297583 frs-countries:EnglandWales 2023-01-01 2023-12-31 03297583 2021-12-31 03297583 2022-12-31 03297583 2022-01-01 2022-12-31 03297583 frs-core:CurrentFinancialInstruments 2022-12-31 03297583 frs-core:ShareCapital 2022-12-31 03297583 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 03297583
Megafish Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Adbell International Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03297583
2023 2022
Notes
FIXED ASSETS
Investments 4 1,917,140 1,917,140
1,917,140 1,917,140
CURRENT ASSETS
Debtors 5 2 2
Cash at bank and in hand 56 94
58 96
Creditors: Amounts Falling Due Within One Year 6 (1,772,972 ) (1,772,449 )
NET CURRENT ASSETS (LIABILITIES) (1,772,914 ) (1,772,353 )
TOTAL ASSETS LESS CURRENT LIABILITIES 144,226 144,787
NET ASSETS 144,226 144,787
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 144,224 144,785
SHAREHOLDERS' FUNDS 144,226 144,787
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For the year ending 31 December 2023 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 her 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
Mrs Vania Casini
Director
12/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Megafish Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03297583 . The registered office is Birchin Court, 20 Birchin Lane, London, EC3V 9DJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The company's functional currency is € Euro and the presentation currency is € Euro.
2.2. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a
legally 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
Basic financial assets, which include trade and other receivables and cash and bank balances, are 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.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including trade and other payables, bank loans and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade 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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.3. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will
be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.4. Investments in associates
Investments in associate undertakings are recognised at cost.
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2.5.
Foreign currencies
Assets and liabilities in foreign currencies are translated into Euros at the rates of exchange ruling at the balance sheet date.  Transactions in foreign currencies are translated into Euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investments
Associates
Cost
As at 1 January 2023 50
As at 31 December 2023 50
Provision
As at 1 January 2023 (1,917,090 )
As at 31 December 2023 (1,917,090 )
Net Book Value
As at 31 December 2023 1,917,140
As at 1 January 2023 1,917,140
The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Compagnie Saliniere Du Delta C.S.D
Registered office: Madagascar
Nature of business:
Class of shares:
Ordinary
%
holding
20.00
No other information available.
5. Debtors
2023 2022
Due within one year
Called up share capital not paid 2 2
6. Creditors: Amounts Falling Due Within One Year
2023 2022
Other creditors 1,772,972 1,772,449
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7. Share Capital
2023 2022
Called Up Share Capital not Paid 2 2
Amount of Allotted, Called Up Share Capital 2 2
Allotted and issued 1 ordinary share in £1 nominal value each.
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr Didier Robert Chauty by virtue of his ownership of 100% of the issued share capital in the company.
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