Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11764282 Mr A Al Shihri Wellco Secretaries Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11764282 2022-12-31 11764282 2023-12-31 11764282 2023-01-01 2023-12-31 11764282 frs-core:CurrentFinancialInstruments 2023-12-31 11764282 frs-core:ShareCapital 2023-12-31 11764282 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11764282 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11764282 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11764282 frs-bus:SmallEntities 2023-01-01 2023-12-31 11764282 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11764282 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11764282 frs-bus:Director1 2023-01-01 2023-12-31 11764282 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 11764282 frs-countries:EnglandWales 2023-01-01 2023-12-31 11764282 2021-12-31 11764282 2022-12-31 11764282 2022-01-01 2022-12-31 11764282 frs-core:CurrentFinancialInstruments 2022-12-31 11764282 frs-core:ShareCapital 2022-12-31 11764282 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11764282
Roshana Global Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Company Information
Director Mr A Al Shihri
Secretary Wellco Secretaries Ltd
Company Number 11764282
Registered Office Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
Accountants Wellden Turnbull Limited
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
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Balance Sheet
Registered number: 11764282
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 - 234
Cash at bank and in hand 32,114 14,943
32,114 15,177
Creditors: Amounts Falling Due Within One Year 5 (116,705 ) (3,321 )
NET CURRENT ASSETS (LIABILITIES) (84,591 ) 11,856
TOTAL ASSETS LESS CURRENT LIABILITIES (84,591 ) 11,856
NET (LIABILITIES)/ASSETS (84,591 ) 11,856
CAPITAL AND RESERVES
Called up share capital 6 53,575 53,575
Profit and Loss Account (138,166 ) (41,719 )
SHAREHOLDERS' FUNDS (84,591) 11,856
For the year ending 31 December 2023 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 A Al Shihri
Director
12/05/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Roshana Global Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11764282 . The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.
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.
Presentational and functional currency
The accounts are presented in an rounded to the nearest £1 sterling. Pound sterling is the functional currency of the company.
2.2. Going Concern Disclosure
The Company has reported a loss for the year, and has net liabilities. The Directors have prepared the accounts on a going concern basis, on the opinion that the Company has sufficient financing in place and expects to be able to pay its debts as they fall due.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and nonputtable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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 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.
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2.6. Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
2.7. Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
2.8. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.9. Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 1)
2 1
4. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income - 234
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 600
Other taxes and social security 17,897 667
Net wages 12,517 -
Other creditors 2,018 476
Accruals and deferred income 3,618 1,578
Amounts owed to group undertakings 80,655 -
116,705 3,321
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 53,575 53,575
7. Related Party Transactions
The immediate parent of the company is Roshana International Real Estate Company based in Saudi Arabia, having its
registered office at 414 Index Tower, Dubai International Financial Center, Dubai, PO Box 507309
Mr Abdelwahab Mohammed Alshihri is the ultimate controlling party.
The company has taken the advantage of Section 33 paragraph 1A not to disclose transactions with 100% group members.
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