Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 13029769 Mr M Holmes Mrs S Holmes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13029769 2023-11-30 13029769 2024-11-30 13029769 2023-12-01 2024-11-30 13029769 frs-core:CurrentFinancialInstruments 2024-11-30 13029769 frs-core:SharePremium 2024-11-30 13029769 frs-core:ShareCapital 2024-11-30 13029769 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 13029769 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13029769 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 13029769 frs-bus:SmallEntities 2023-12-01 2024-11-30 13029769 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 13029769 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 13029769 frs-core:CostValuation 2023-11-30 13029769 frs-core:AdditionsToInvestments 2024-11-30 13029769 frs-core:CostValuation 2024-11-30 13029769 frs-core:ProvisionsForImpairmentInvestments 2023-11-30 13029769 frs-core:ProvisionsForImpairmentInvestments 2024-11-30 13029769 frs-bus:Director1 2023-12-01 2024-11-30 13029769 frs-bus:Director2 2023-12-01 2024-11-30 13029769 frs-countries:EnglandWales 2023-12-01 2024-11-30 13029769 2022-11-30 13029769 2023-11-30 13029769 2022-12-01 2023-11-30 13029769 frs-core:CurrentFinancialInstruments 2023-11-30 13029769 frs-core:SharePremium 2023-11-30 13029769 frs-core:ShareCapital 2023-11-30 13029769 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 13029769
MEMA Capital Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Company Information 1
Statement of Financial Position 2
Notes to the Financial Statements 3—4
Page 1
Company Information
Directors Mr M Holmes
Mrs S Holmes
Company Number 13029769
Registered Office Cronklands
Moorhouse Road
Oxted
RH8 0SR
Accountants Charlton Baker
7-7c Snuff Street
Devizes
Wiltshire
SN10 1DU
Page 1
Page 2
Statement of Financial Position
Registered number: 13029769
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 300,000 -
300,000 -
Creditors: Amounts Falling Due Within One Year 5 (320,818 ) (22,120 )
NET CURRENT ASSETS (LIABILITIES) (320,818 ) (22,120 )
TOTAL ASSETS LESS CURRENT LIABILITIES (20,818 ) (22,120 )
NET LIABILITIES (20,818 ) (22,120 )
CAPITAL AND RESERVES
Called up share capital 6 20,002 20,002
Share premium account 377,915 377,915
Income Statement (418,735 ) (420,037 )
SHAREHOLDERS' FUNDS (20,818) (22,120)
For the year ending 30 November 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 Income Statement.
On behalf of the board
Mr M Holmes
Director
19/02/2025
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
MEMA Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13029769 . The registered office is Cronklands, Moorhouse Road, Oxted, RH8 0SR.
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. 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.
2.3. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments
Associates
£
Cost
As at 1 December 2023 -
Additions 300,000
As at 30 November 2024 300,000
Provision
As at 1 December 2023 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 300,000
As at 1 December 2023 -
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 294 4,615
Accruals and deferred income 1,404 3,000
Directors' loan accounts 319,120 14,505
320,818 22,120
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20,002 20,002
Page 4