Acorah Software Products - Accounts Production 16.3.350 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 12101628 Mr R Melnychuk Mr R Melnychuk true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12101628 2023-11-30 12101628 2024-11-30 12101628 2023-12-01 2024-11-30 12101628 frs-core:CurrentFinancialInstruments 2024-11-30 12101628 frs-core:ShareCapital 2024-11-30 12101628 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 12101628 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 12101628 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 12101628 frs-bus:SmallEntities 2023-12-01 2024-11-30 12101628 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 12101628 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 12101628 frs-bus:OrdinaryShareClass1 2023-12-01 2024-11-30 12101628 frs-bus:OrdinaryShareClass1 2024-11-30 12101628 frs-bus:OrdinaryShareClass3 2023-12-01 2024-11-30 12101628 frs-bus:OrdinaryShareClass3 2024-11-30 12101628 1 2023-12-01 2024-11-30 12101628 frs-core:UnlistedNon-exchangeTraded 2024-11-30 12101628 frs-core:UnlistedNon-exchangeTraded 2023-11-30 12101628 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-11-30 12101628 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-11-30 12101628 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-11-30 12101628 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-11-30 12101628 frs-bus:Director1 2023-12-01 2024-11-30 12101628 frs-countries:EnglandWales 2023-12-01 2024-11-30 12101628 2022-11-30 12101628 2023-11-30 12101628 2022-12-01 2023-11-30 12101628 frs-core:CurrentFinancialInstruments 2023-11-30 12101628 frs-core:ShareCapital 2023-11-30 12101628 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 12101628 frs-bus:OrdinaryShareClass1 2022-12-01 2023-11-30 12101628 frs-bus:OrdinaryShareClass3 2022-12-01 2023-11-30
Registered number: 12101628
MTS-R Group Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 12101628
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 32,339,263 32,339,263
32,339,263 32,339,263
CURRENT ASSETS
Receivables 5 1,144,193 1,190,539
Cash at bank and in hand - 1,398
1,144,193 1,191,937
Payables: Amounts Falling Due Within One Year 6 (26,528,002 ) (26,571,103 )
NET CURRENT ASSETS (LIABILITIES) (25,383,809 ) (25,379,166 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,955,454 6,960,097
NET ASSETS 6,955,454 6,960,097
CAPITAL AND RESERVES
Called up share capital 7 6,972,958 6,972,958
Income Statement (17,504 ) (12,861 )
SHAREHOLDERS' FUNDS 6,955,454 6,960,097
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 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 Income Statement.
On behalf of the board
Mr R Melnychuk
Director
16/04/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
MTS-R Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12101628 . The registered office is The Bristol Office, 2nd Floor 5 High Street, Westbury On Trym, Bristol, BS9 3BY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2.4. 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.
2.5. 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.
2.6. Exemption from preparing group accounts
The company and its subsidiary comprise a small group. The company has therefore taken advantage of the exemption provided in Section 399 of the Companies Act 2006 not to prepare group financial statements and accordingly these financial statements present information about the company as a single undertaking.
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Page 3
2.7. Investments
Non-current investments are stated at historical cost less provision for any diminution in value.
2.8. Receivables
Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of receivables is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.
2.9.  Payables
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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
2.10.  Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees during the year was as follows: NIL (2023: NIL)
- -
4. Investments
Unlisted
£
Cost
As at 1 December 2023 32,339,263
As at 30 November 2024 32,339,263
Provision
As at 1 December 2023 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 32,339,263
As at 1 December 2023 32,339,263
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
The company holds 100% of ordinary shares of Invest Protected LLC, a company incorporated in Ukraine. The principal activity of Invest Protected LLC is that of renting and operating of own or leased real estate. The loss for the financial year ended 31/12/24  was £2,488 and the aggregate amount of capital and reserves at the end of the year was £349,555. 
The company holds 100% of ordinary shares of Fama Invest LLC, a company incorporated in Ukraine. The principal activity of Fama Invest LLC is that of renting and operating of own or leased real estate. The profit for the financial year ended 31/12/24 was £778 and the aggregate amount of capital and reserves at the end of the year was £2,869,312.
The company holds 100% of ordinary shares of Land Capital Invest LLC, a company incorporated in Ukraine. The principal activity of Land Capital Invest LLC is that of renting and operating of own or leased real estate. The profit for the financial year ended 31/12/24 was £412 and the aggregate amount of capital and reserves at the end of the year was £6,328,284.
...CONTINUED
Page 3
Page 4
4. Investments - continued
The company holds 100% of ordinary shares of Lviv-Capital Invest LLC, a company incorporated in Ukraine. The principal activity of Land Capital Invest LLC is that of renting and operating of own or leased real estate. The profit forthe financial year ended 31/12/24 was £2,562 and the aggregate amount of capital and reserves at the end of the year was £9,910,624.
5. Receivables
2024 2023
£ £
Due within one year
Other debtors 1,144,193 1,190,539
6. Payables: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,144,193 1,190,539
Accruals and deferred income 3,090 2,162
Director's loan account 25,380,719 25,378,402
26,528,002 26,571,103
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
2024 2023
Allotted, called up but not fully paid £ £
1 Ordinary B shares of £ 6,972,858 each 6,972,858 6,972,858
8. Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.
9. Related Party Transactions
At the balance sheet date, a balance of £25,380,719 (2023: £25,378,402) was due to the director and shareholder of the company, Mr R Melnychuk under non-interest bearing loan.
In 2023 director sold to the company 36% of share capital of Land Capital Invest for a total consideration of £2,597,250. The share capital of Land Capital Invest increased by 36% during 2023 and therefore the company still retains 100% ownership of Land Capital Invest's share capital. The amount is outstanding as at the year end. 
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr R Melnychuk by virtue of his ownership of 100% of the issued share capital in the company.
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