Acorah Software Products - Accounts Production 14.6.300 false true 31 August 2023 3 August 2022 false 1 September 2023 31 August 2024 31 August 2024 14274897 Mr Kelechi Okoro Mrs Ezinwa Okoro iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14274897 2023-08-31 14274897 2024-08-31 14274897 2023-09-01 2024-08-31 14274897 frs-core:CurrentFinancialInstruments 2024-08-31 14274897 frs-core:Non-currentFinancialInstruments 2024-08-31 14274897 frs-core:ShareCapital 2024-08-31 14274897 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 14274897 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14274897 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 14274897 frs-bus:SmallEntities 2023-09-01 2024-08-31 14274897 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14274897 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 14274897 frs-bus:Director1 2023-09-01 2024-08-31 14274897 frs-bus:Director2 2023-09-01 2024-08-31 14274897 frs-countries:EnglandWales 2023-09-01 2024-08-31 14274897 2022-08-02 14274897 2023-08-31 14274897 2022-08-03 2023-08-31 14274897 frs-core:CurrentFinancialInstruments 2023-08-31 14274897 frs-core:Non-currentFinancialInstruments 2023-08-31 14274897 frs-core:ShareCapital 2023-08-31 14274897 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 14274897
Tsalach Resources Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14274897
31 August 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 367,029 367,029
367,029 367,029
CURRENT ASSETS
Cash at bank and in hand 195 2,644
195 2,644
Creditors: Amounts Falling Due Within One Year 6 (145,444 ) (133,678 )
NET CURRENT ASSETS (LIABILITIES) (145,249 ) (131,034 )
TOTAL ASSETS LESS CURRENT LIABILITIES 221,780 235,995
Creditors: Amounts Falling Due After More Than One Year 7 (245,000 ) (245,000 )
NET LIABILITIES (23,220 ) (9,005 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (23,222 ) (9,007 )
SHAREHOLDERS' FUNDS (23,220) (9,005)
Page 1
Page 2
For the year ending 31 August 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 Kelechi Okoro
Director
20/01/2025
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
Tsalach Resources Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14274897 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
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. 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.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current 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: 2 (2023: 2)
2 2
4. Investment Property
31 August 2024
£
Fair Value
As at 1 September 2023 and 31 August 2024 367,029
5. Debtors
31 August 2024 31 August 2023
£ £
Due within one year
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6. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 August 2023
£ £
Trade creditors - 1
Other loans 1,000 -
Other creditors 144,444 133,677
145,444 133,678
7. Creditors: Amounts Falling Due After More Than One Year
31 August 2024 31 August 2023
£ £
Other creditors 245,000 245,000
8. Share Capital
31 August 2024 31 August 2023
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
Loan brought forward of £85,000 was received from an associated company, Bluridge Consulting Ltd.
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