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Registered number: 12835465
Trans-Africa Energy Limited
Unaudited Financial Statements
For the Period 1 September 2023 to 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12835465
30 November 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,263,229 -
Investments 5 79,645 79,645
1,342,874 79,645
CURRENT ASSETS
Stocks 6 - 958,820
Debtors 7 69,862 66,923
Cash at bank and in hand 88 -
69,950 1,025,743
Creditors: Amounts Falling Due Within One Year 8 (5,266,136 ) (3,801,032 )
NET CURRENT ASSETS (LIABILITIES) (5,196,186 ) (2,775,289 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,853,312 ) (2,695,644 )
NET LIABILITIES (3,853,312 ) (2,695,644 )
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account (3,853,322 ) (2,695,654 )
SHAREHOLDERS' FUNDS (3,853,312) (2,695,644)
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For the period 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 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
Roy Kelly
Director
29/08/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Trans-Africa Energy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12835465 . The registered office is 24 The Parade, Claygate, Esher, Surrey, KT10 0NU.
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 sterling, which is the functional currency of the company. Monetary accounts in these financial statements are rounded to the nearest £. 
The financial statements have been prepared under the historical cost convention, except for, where disclosed in these accounting policies, certain items that are shown at fair value. The principle accounting policies adopted are set out below.
2.2. Going Concern Disclosure
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives. Whist the asset is under construction no depreciation is charged and will only started to be charged when the asset have been completed.
2.4. Stocks and Work in Progress
Work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell. Work-in-progress will be moved to fixed assets when the current project is complete. 
At each reporting date, work in progress are assessed for impairment. If work in progress are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
2.5. Financial Instruments
Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
2.6. Foreign Currencies
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates. 
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated. 
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2.7. 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 period, 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 4)
2 4
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 September 2023 -
Additions 304,409
Transfers 958,820
As at 30 November 2024 1,263,229
Net Book Value
As at 30 November 2024 1,263,229
As at 1 September 2023 -
5. Investments
Unlisted
£
Cost
As at 1 September 2023 79,645
As at 30 November 2024 79,645
Provision
As at 1 September 2023 -
As at 30 November 2024 -
...CONTINUED
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Net Book Value
As at 30 November 2024 79,645
As at 1 September 2023 79,645
6. Stocks
30 November 2024 31 August 2023
£ £
Work in progress - 958,820
7. Debtors
30 November 2024 31 August 2023
£ £
Due within one year
Trade debtors 3,561 -
Other debtors 66,301 66,923
69,862 66,923
8. Creditors: Amounts Falling Due Within One Year
30 November 2024 31 August 2023
£ £
Trade creditors 172,786 129,998
Amounts owed to participating interests 3,310,257 2,607,432
Other creditors 1,782,894 1,063,504
Taxation and social security 199 98
5,266,136 3,801,032
9. Share Capital
30 November 2024 31 August 2023
£ £
Allotted, Called up and fully paid 10 10
10. Related Party Transactions
At 30 November 2024 the company owed £619,239 (2023: £277,015) to The Highlands Group Limited, its 75% shareholder. No interest was charged on this balance and there are no fixed repayment terms.
11. Ultimate Controlling Party
The company's immediate parent is The Highlands Group Limited, incorporated in England and Wales.
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