Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06455206 Ms Vania Casini Mr Massimo Rudi Massarone true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06455206 2023-12-31 06455206 2024-12-31 06455206 2024-01-01 2024-12-31 06455206 frs-core:CurrentFinancialInstruments 2024-12-31 06455206 frs-core:ShareCapital 2024-12-31 06455206 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06455206 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06455206 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06455206 frs-bus:SmallEntities 2024-01-01 2024-12-31 06455206 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06455206 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06455206 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 06455206 frs-bus:OrdinaryShareClass1 2024-12-31 06455206 1 2024-01-01 2024-12-31 06455206 frs-bus:Director1 2024-01-01 2024-12-31 06455206 frs-countries:EnglandWales 2024-01-01 2024-12-31 06455206 2022-12-31 06455206 2023-12-31 06455206 2023-01-01 2023-12-31 06455206 frs-core:CurrentFinancialInstruments 2023-12-31 06455206 frs-core:ShareCapital 2023-12-31 06455206 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06455206 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31
Registered number: 06455206
T.S. & R.E.I. LTD TOURISTIC SERVICES AND REAL ESTATE INVESTMENTS LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2024
Adbell Advisory Limited
T.S. & R.E.I. LTD TOURISTIC SERVICES AND REAL ESTATE INVESTMENTS LIMITED
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—4

Page 1
T.S. & R.E.I. LTD TOURISTIC SERVICES AND REAL ESTATE INVESTMENTS LIMITED
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 06455206

| 2024 | 2023
--- | --- | ---
| Notes | € | € | € | €
CURRENT ASSETS
Debtors | 4 | 424,950 |  | 426,165 |
Cash at bank and in hand |  | 3,305 |  | 88,483 |
|  | 428,255 |  | 514,648 |
Creditors: Amounts Falling Due Within One Year | 5 | (18,209 ) |  | (105,336 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 410,046 |  | 409,312
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 410,046 |  | 409,312
NET ASSETS |  |  | 410,046 |  | 409,312
CAPITAL AND RESERVES
Called up share capital | 6 |  | 2 |  | 2
Profit and Loss Account |  |  | 410,044 |  | 409,310
SHAREHOLDERS' FUNDS |  |  | 410,046 |  | 409,312

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 member has 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
17/10/2025

The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
T.S. & R.E.I. LTD TOURISTIC SERVICES AND REAL ESTATE INVESTMENTS LIMITED
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
T.S. & R.E.I. LTD TOURISTIC SERVICES AND REAL ESTATE INVESTMENTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 06455206 . The registered office is Birchin Court , 20 Birchin Lane , London , EC3V 9DJ.
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. 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 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.
2.3. 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 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.
2.4.
Foreign currencies
Assets and liabilities in foreign currencies are translated into euro at the rates of exchange ruling at the balance sheet
date. Transactions in foreign currencies are translated into euro at the rate of exchange ruling at the date oftransaction. Exchange differences are taken into account in arriving at the operating result.
Page 2
Page 3
T.S. & R.E.I. LTD TOURISTIC SERVICES AND REAL ESTATE INVESTMENTS LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.5.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'OtherFinancial 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 becomesparty to the contractual provisions of the instrument.
Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when thereis alegally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or torealise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measuredat transaction price including transaction costs and are subsequently carried at amortised cost using the effectiveinterest method unless the arrangement constitutes a financing transaction, where the transaction is measuredat thepresent value of the future receipts discounted at a market rate of interest.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of thecompany after deducting all of its liabilities.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group
companies and preference shares that are classified as debt, are initially recognised at transaction price unless thearrangement constitutes a financing transaction, where the debt instrument is measured at the present value of thefuture receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course ofbusiness from suppliers. Accounts payable are classified as current liabilities if payment is due within one year orless. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction priceand subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividendspayable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-termliquid investmentswith original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings incurrent liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| € |  | €
Due within one year
Trade debtors | 267,147 |  | 373,852
Other debtors | 156,868 |  | 51,378
VAT | 935 |  | 935
| 424,950 |  | 426,165

Page 3
Page 4
T.S. & R.E.I. LTD TOURISTIC SERVICES AND REAL ESTATE INVESTMENTS LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
5. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| € |  | €
Corporation tax | 12,641 |  | 12,468
Other creditors | 4,127 |  | 91,427
Accruals and deferred income | 1,441 |  | 1,441
| 18,209 |  | 105,336

6. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
Allotted, called up and fully paid | € |  | €
2 Ordinary Shares of € 1.00 each | 2 |  | 2

7. Ultimate Controlling Party
Daniele Ducoli was the ultimate controlling party up to 23 June 2025.
From 23 June 2025, Massimo Rudi Massarone is the ultimate controlling party by virtue of his ownership if 100% of the issued share capital in the company.
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