Acorah Software Products - Accounts Production 16.5.460 false true 31 August 2023 1 September 2022 false 1 September 2023 31 December 2024 31 December 2024 12179124 Mr Haresh Shah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12179124 2023-08-31 12179124 2024-12-31 12179124 2023-09-01 2024-12-31 12179124 frs-core:CurrentFinancialInstruments 2024-12-31 12179124 frs-core:Non-currentFinancialInstruments 2024-12-31 12179124 frs-core:ShareCapital 2024-12-31 12179124 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12179124 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-12-31 12179124 frs-bus:FilletedAccounts 2023-09-01 2024-12-31 12179124 frs-bus:SmallEntities 2023-09-01 2024-12-31 12179124 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-12-31 12179124 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-12-31 12179124 frs-bus:Director1 2023-09-01 2024-12-31 12179124 frs-bus:Director1 2023-08-31 12179124 frs-bus:Director1 2024-12-31 12179124 frs-countries:EnglandWales 2023-09-01 2024-12-31 12179124 2022-08-31 12179124 2023-08-31 12179124 2022-09-01 2023-08-31 12179124 frs-core:CurrentFinancialInstruments 2023-08-31 12179124 frs-core:Non-currentFinancialInstruments 2023-08-31 12179124 frs-core:ShareCapital 2023-08-31 12179124 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12179124
Omkara Investments Ltd
Unaudited Financial Statements
For the Period 1 September 2023 to 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12179124
31 December 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 185,450 -
185,450 -
CURRENT ASSETS
Debtors 5 182,730 -
Cash at bank and in hand 89 53
182,819 53
Creditors: Amounts Falling Due Within One Year 6 (15,786 ) (27,385 )
NET CURRENT ASSETS (LIABILITIES) 167,033 (27,332 )
TOTAL ASSETS LESS CURRENT LIABILITIES 352,483 (27,332 )
Creditors: Amounts Falling Due After More Than One Year 7 (32,807 ) (34,753 )
NET ASSETS/(LIABILITIES) 319,676 (62,085 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 319,576 (62,185 )
SHAREHOLDERS' FUNDS 319,676 (62,085)
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For the period 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 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 Haresh Shah
Director
08/09/2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Omkara Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12179124 . The registered office is 30 High Street High Street, Purley, CR8 2AA.
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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.3. 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: 1 (2023: 1)
1 1
4. Investment Property
31 December 2024
£
Fair Value
As at 1 September 2023 -
Additions 1,488,523
Disposals (1,303,073 )
As at 31 December 2024 185,450
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5. Debtors
31 December 2024 31 August 2023
£ £
Due within one year
Amounts owed by group undertakings 147,200 -
Other debtors 35,530 -
182,730 -
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 August 2023
£ £
Trade creditors - 960
Bank loans and overdrafts 6,672 10,793
Amounts owed to participating interests 7,262 7,262
Other creditors 1,620 5,820
Taxation and social security 232 2,550
15,786 27,385
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 August 2023
£ £
Bank loans 32,807 34,753
8. Share Capital
31 December 2024 31 August 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Haresh Shah (5,470 ) 41,000 - - 35,530
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
At the year-end the following balances were outstanding in respect of companies that are related to the reporting entity by virtue of being under common control. These were interest-free and repayable on demand:
Stellenbosch Investments Ltd - £7,262 (2023: £7,262) owed by the reporting entity
In accordance with FRS 102 Section 33.1A the company has taken exemption from disclosing transactionsand balances with wholly owned members of the group.
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