Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05237096 Oppa Limited A Radomski J Salvatella Plans iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05237096 2023-12-31 05237096 2024-12-31 05237096 2024-01-01 2024-12-31 05237096 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05237096 frs-core:SharePremium 2024-12-31 05237096 frs-core:ShareCapital 2024-12-31 05237096 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05237096 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05237096 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05237096 frs-bus:SmallEntities 2024-01-01 2024-12-31 05237096 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05237096 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05237096 frs-core:UnlistedNon-exchangeTraded 2024-12-31 05237096 frs-core:UnlistedNon-exchangeTraded 2023-12-31 05237096 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 05237096 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 05237096 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 05237096 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 05237096 frs-bus:Director1 2024-01-01 2024-12-31 05237096 frs-bus:Director2 2024-01-01 2024-12-31 05237096 frs-bus:Director3 2024-01-01 2024-12-31 05237096 frs-core:CurrentFinancialInstruments 1 2024-12-31 05237096 frs-countries:EnglandWales 2024-01-01 2024-12-31 05237096 2022-12-31 05237096 2023-12-31 05237096 2023-01-01 2023-12-31 05237096 frs-core:SharePremium 2023-12-31 05237096 frs-core:ShareCapital 2023-12-31 05237096 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05237096 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 05237096
Foreign Investments Management Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 05237096
2024 2023
Notes
FIXED ASSETS
Investments 4 750,000 750,000
750,000 750,000
CURRENT ASSETS
Debtors 5 15,000 15,000
Cash at bank and in hand 81,605 29,779
96,605 44,779
NET CURRENT ASSETS (LIABILITIES) 96,605 44,779
TOTAL ASSETS LESS CURRENT LIABILITIES 846,605 794,779
NET ASSETS 846,605 794,779
CAPITAL AND RESERVES
Called up share capital 6 14,807 14,807
Share premium account 74,023 74,023
Profit and Loss Account 757,775 705,949
SHAREHOLDERS' FUNDS 846,605 794,779
For the year ending 31 December 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
A Radomski
Director
24 April 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
Foreign Investments Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05237096 . The registered office is C/O London Accountants , Hurlingham Studios, Ranelagh Gardens, London, SW6 3PA.
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.
The financial statements are prepared in euro, which is functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest euro.
2.2. Turnover
Revenue from investment is received as dividend net of any taxes.
2.3. 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
2.4. Foreign Currencies
Transactions in currencies other than euros are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gain and losses arising on translation in the period are included in statement of comprehensive income.
2.5. Investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognsed immediately in profit or loss.
2.6. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Unlisted
Cost
As at 1 January 2024 750,000
As at 31 December 2024 750,000
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 750,000
As at 1 January 2024 750,000
Page 2
Page 3
The company's investments at the Balance Sheet date in the share capital of companies including the following:
Gestion Mediterranea 2004, S.L
Registered office: Spain
Nature of business: Audio Visual and Other Business Activities
Class of shares: Ordinary 99.99%
5. Debtors
2024 2023
Due within one year
Other debtors-Skarlatos Ioannis 15,000 15,000
6. Share Capital
2024 2023
Allotted, Called up and fully paid 14,807 14,807
Ordinary share capital issued and fully paid 10,000 of £1.00 each
7. Dividends
2024 2023
On equity shares:
Final dividend paid 850,000 890,000
Page 3