Acorah Software Products - Accounts Production 16.2.800 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 13531465 Mr Yifeng ZHOU iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13531465 2023-07-31 13531465 2024-07-31 13531465 2023-08-01 2024-07-31 13531465 frs-core:FurnitureFittings 2024-07-31 13531465 frs-core:FurnitureFittings 2023-08-01 2024-07-31 13531465 frs-core:FurnitureFittings 2023-07-31 13531465 frs-core:InvestmentPropertyIncludedWithinPPE 2024-07-31 13531465 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-01 2024-07-31 13531465 frs-core:InvestmentPropertyIncludedWithinPPE 2023-07-31 13531465 frs-core:ShareCapital 2024-07-31 13531465 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 13531465 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13531465 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 13531465 frs-bus:SmallEntities 2023-08-01 2024-07-31 13531465 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13531465 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13531465 frs-bus:Director1 2023-08-01 2024-07-31 13531465 frs-countries:EnglandWales 2023-08-01 2024-07-31 13531465 2022-07-31 13531465 2023-07-31 13531465 2022-08-01 2023-07-31 13531465 frs-core:ShareCapital 2023-07-31 13531465 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 13531465
TRANYE LTD
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13531465
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,480,598 1,978,876
2,480,598 1,978,876
CURRENT ASSETS
Cash at bank and in hand 476,152 908,800
476,152 908,800
Creditors: Amounts Falling Due Within One Year 5 (2,979,449 ) (2,897,966 )
NET CURRENT ASSETS (LIABILITIES) (2,503,297 ) (1,989,166 )
TOTAL ASSETS LESS CURRENT LIABILITIES (22,699 ) (10,290 )
NET LIABILITIES (22,699 ) (10,290 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (22,799 ) (10,390 )
SHAREHOLDERS' FUNDS (22,699) (10,290)
For the year ending 31 July 2024 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 his 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 Yifeng ZHOU
Director
25 March 2025
The notes on pages 2 to 3 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
TRANYE LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13531465 . The registered office is UNIT 3 METRO CENTRE, BRIDGE ROAD, ORPINGTON, BR5 2BE.
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. Going Concern Disclosure
The director has identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern, notwithstanding the company's net current liabilities, which the director believes to be appropriate for the following reasons. The company is dependent for its working capital on funds provided to it by the company's director, Mr Yifeng Zhou. Mr Yifeng Zhou has provided the company with an undertaking that, for at least 12 months from the date of approval of these financial statements, it will continue to make available such funds as are needed by the company.
This should enable the company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment. As with any company placing reliance on other entities for financial support, the director acknowledges that there can be no certainty that this support will continue, although, at the date of approval of these financial statements, he has no reason to believe that it will not do so.
Based on this undertaking the director believes that it remains appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.
2.3. Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year exclusive of Value Added Tax.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on cost
2.5. Investment Properties
All investment properties are propeties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. Subsequent to initial recognition:
1) Invesment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Changes in fair value are recognised in the profit and loss account.
2) No depreciation is provided for.
Invesmtent properties fair value is determined by the director based on his understanding of property market conditions and the specific properties concerned. Any gain or loss arising from a change in fair value is recognised in the profit and loss account.
2.6. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. 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 instruments
Trade and other debtors
Trade and other debtors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate for a similar debt instrument.
Other creditors
Other creditors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate for a similar debt instrument.
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2.7. Acquisitions and disposals of properties
Acquisitions and disposals are considered to have taken place at the date of legal completion and are included in the financial statements accordingly.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 1,964,566 19,080 1,983,646
Additions 506,492 - 506,492
As at 31 July 2024 2,471,058 19,080 2,490,138
Depreciation
As at 1 August 2023 - 4,770 4,770
Provided during the period - 4,770 4,770
As at 31 July 2024 - 9,540 9,540
Net Book Value
As at 31 July 2024 2,471,058 9,540 2,480,598
As at 1 August 2023 1,964,566 14,310 1,978,876
Cost or valuation as at 31 July 2024 represented by:
Investment Properties Fixtures & Fittings Total
£ £ £
At cost - 19,080 19,080
At valuation 2,471,058 - 2,471,058
2,471,058 19,080 2,490,138
The company's investment properties are included in the Financial Statements at Director's valuation.
The company's residential properties valued using a sales valuation approach, derived from recent comparable transactions in the market, adjusted by applying discounts to reflect status of occupation and condition. 
The historical cost of investment properties are £2,471,058.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 2,979,449 2,897,966
Other creditors include amounts aggregating £2,978,049 (2023: £2,897,966) due to the director of this company, Yifeng Zhou.
The loan is interest free and repayable on demand.
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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