Acorah Software Products - Accounts Production 16.2.850 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 11187598 Mr M Indrothayan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11187598 2023-07-31 11187598 2024-07-31 11187598 2023-08-01 2024-07-31 11187598 frs-core:CurrentFinancialInstruments 2024-07-31 11187598 frs-core:Non-currentFinancialInstruments 2024-07-31 11187598 frs-core:ShareCapital 2024-07-31 11187598 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 11187598 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11187598 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 11187598 frs-bus:SmallEntities 2023-08-01 2024-07-31 11187598 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 11187598 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 11187598 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-07-31 11187598 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-07-31 11187598 frs-bus:Director1 2023-08-01 2024-07-31 11187598 frs-countries:EnglandWales 2023-08-01 2024-07-31 11187598 2022-07-31 11187598 2023-07-31 11187598 2022-08-01 2023-07-31 11187598 frs-core:CurrentFinancialInstruments 2023-07-31 11187598 frs-core:Non-currentFinancialInstruments 2023-07-31 11187598 frs-core:ShareCapital 2023-07-31 11187598 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 11187598 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-07-31
Registered number: 11187598
Maha Global Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Greenwood & Co Limited
Chartered Certified Accountants
41 Derwent Gardens
Redbridge
Ilford
Essex
IG4 5NA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11187598
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 670,000 670,000
670,000 670,000
CURRENT ASSETS
Cash at bank and in hand 61 335
61 335
Creditors: Amounts Falling Due Within One Year 5 (194,658 ) (199,007 )
NET CURRENT ASSETS (LIABILITIES) (194,597 ) (198,672 )
TOTAL ASSETS LESS CURRENT LIABILITIES 475,403 471,328
Creditors: Amounts Falling Due After More Than One Year 6 (438,956 ) (435,358 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,084 ) (16,285 )
NET ASSETS 27,363 19,685
CAPITAL AND RESERVES
Called up share capital 115 115
Fair value reserve 8 48,881 48,881
Profit and Loss Account (21,633 ) (29,311 )
SHAREHOLDERS' FUNDS 27,363 19,685
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 M Indrothayan
Director
23/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Maha Global Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11187598 . The registered office is 3 Dunbar Close , Hayes, UB4 0DF.
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 balance sheet recorded net current liabilities at the end of the year. However, the director believes that sufficient finance is available to the company to enable it to continue trading for the foreseeable future. Therefore the financial statements have been prepared on a going concern basis.
2.3. Turnover
Turnover represents rental income receivable in the period.
2.4. Investment Properties
Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
2.5. Taxation
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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 August 2023 and 31 July 2024 670,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 604,825 604,825
The investment property was valued on a fair value basis on 31 July 2024 by the director based on his knowledge of the comparable local properties.
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 3,041 3,190
Amounts owed to participating interests 51,403 51,103
Other creditors 140,214 144,714
194,658 199,007
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 438,956 435,358
7. Secured Creditors
Of the creditors falling due after more than one year the following amounts are secured on the investment property.
2024 2023
£ £
Bank loans and overdrafts 436,580 430,128
8. Reserves
Fair Value Reserve
£
As at 1 August 2023 48,881
As at 31 July 2024 48,881
Page 3