Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05302545 Ms Vania Casini true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05302545 2023-12-31 05302545 2024-12-31 05302545 2024-01-01 2024-12-31 05302545 frs-core:CurrentFinancialInstruments 2024-12-31 05302545 frs-core:ShareCapital 2024-12-31 05302545 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05302545 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05302545 frs-bus:SmallEntities 2024-01-01 2024-12-31 05302545 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05302545 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05302545 1 2024-01-01 2024-12-31 05302545 frs-core:CostValuation 2023-12-31 05302545 frs-core:CostValuation 2024-12-31 05302545 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 05302545 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 05302545 frs-bus:Director1 2024-01-01 2024-12-31 05302545 frs-countries:EnglandWales 2024-01-01 2024-12-31 05302545 2022-12-31 05302545 2023-12-31 05302545 2023-01-01 2023-12-31 05302545 frs-core:CurrentFinancialInstruments 2023-12-31 05302545 frs-core:ShareCapital 2023-12-31
Registered number: 05302545
Zealand Management (Uk) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Adbell International Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 05302545
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 62,740 62,740
62,740 62,740
CURRENT ASSETS
Debtors 5 1 1
1 1
Creditors: Amounts Falling Due Within One Year 6 (62,740 ) (62,740 )
NET CURRENT ASSETS (LIABILITIES) (62,739 ) (62,739 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1 1
NET ASSETS 1 1
CAPITAL AND RESERVES
Called up share capital 7 1 1
SHAREHOLDERS' FUNDS 1 1
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 director acknowledges her 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
Ms Vania Casini
Director
13/08/2025
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
Zealand Management (Uk) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05302545 . The registered office is Second Floor, 32-33 Gosfield Street, London, W1W 6HL.
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 directors have 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.
2.3. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other
Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes
party to the contractual provisions of the instrument.
Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a
legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneously.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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 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.
2.6. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost
2.7. Preparation of consolidated financial statements
The financial statements contain information about Zealand Management (UK) Ltd as an individual company and do
not contain consolidated financial information as the parent of a group. The company has taken the option under
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.
The company and its subsidiary undertakings form part of a small-sized group.
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Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investments
Subsidiaries
£
Cost or Valuation
As at 1 January 2024 62,740
As at 31 December 2024 62,740
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 62,740
As at 1 January 2024 62,740
The company's investments at the Balance Sheet date in the share capital of companies include the following:
Pharma Life LLC
Registered office: 2 Danyla Apostola Str, Lviv, Ukraine, 79040
Nature of business: Manufacturing of pharmaceutical products
Class of shares:                                       % holding
Ordinary                                                     66.09
                                                                               31.12.2024                  31.12.2023 
Aggregate capital and reserves                             £2,499,343                 £1,995,927 
Profit for the year                                                     £47,654                      £6,066
5. Debtors
2024 2023
£ £
Due within one year
Called up share capital not paid 1 1
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 62,740 62,740
7. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 1 1
Amount of Allotted, Called Up Share Capital 1 1
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr Ievgen Lotoshynskyi.
Page 3