Acorah Software Products - Accounts Production 14.5.601 false true 30 September 2022 2 September 2021 false 1 October 2022 30 September 2023 30 September 2023 13598335 Mr Andrew Kouloumbrides Mrs Androulla Kouloumbrides iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13598335 2022-09-30 13598335 2023-09-30 13598335 2022-10-01 2023-09-30 13598335 frs-core:CurrentFinancialInstruments 2023-09-30 13598335 frs-core:Non-currentFinancialInstruments 2023-09-30 13598335 frs-core:ShareCapital 2023-09-30 13598335 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 13598335 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 13598335 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 13598335 frs-bus:SmallEntities 2022-10-01 2023-09-30 13598335 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 13598335 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 13598335 frs-bus:OrdinaryShareClass2 2022-10-01 2023-09-30 13598335 frs-bus:OrdinaryShareClass2 2023-09-30 13598335 frs-bus:OrdinaryShareClass3 2022-10-01 2023-09-30 13598335 frs-bus:OrdinaryShareClass3 2023-09-30 13598335 frs-core:ListedExchangeTraded 2023-09-30 13598335 frs-core:ListedExchangeTraded 2022-09-30 13598335 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-09-30 13598335 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2023-09-30 13598335 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2023-09-30 13598335 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments frs-core:ListedExchangeTraded 2023-09-30 13598335 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-09-30 13598335 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-09-30 13598335 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-09-30 13598335 frs-bus:Director1 2022-10-01 2023-09-30 13598335 frs-bus:Director2 2022-10-01 2023-09-30 13598335 frs-countries:EnglandWales 2022-10-01 2023-09-30 13598335 2021-09-01 13598335 2022-09-30 13598335 2021-09-02 2022-09-30 13598335 frs-core:CurrentFinancialInstruments 2022-09-30 13598335 frs-core:Non-currentFinancialInstruments 2022-09-30 13598335 frs-core:ShareCapital 2022-09-30 13598335 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30 13598335 frs-bus:OrdinaryShareClass2 2021-09-02 2022-09-30 13598335 frs-bus:OrdinaryShareClass3 2021-09-02 2022-09-30
Registered number: 13598335
KX4 Investments Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Redwoods Accountancy Services Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13598335
30 September 2023 30 September 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 3,725,888 4,225,208
3,725,888 4,225,208
CURRENT ASSETS
Cash at bank and in hand 319,820 60,311
319,820 60,311
Creditors: Amounts Falling Due Within One Year 5 (14,717 ) (6,498 )
NET CURRENT ASSETS (LIABILITIES) 305,103 53,813
TOTAL ASSETS LESS CURRENT LIABILITIES 4,030,991 4,279,021
Creditors: Amounts Falling Due After More Than One Year 6 (3,849,900 ) (4,149,900 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,677 ) (29,661 )
NET ASSETS 170,414 99,460
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account 170,214 99,260
SHAREHOLDERS' FUNDS 170,414 99,460
Page 1
Page 2
For the year ending 30 September 2023 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
Mr Andrew Kouloumbrides
Director
15/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
KX4 Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13598335 . The registered office is 103 High Street, Waltham Cross, Hertfordshire, EN8 7AN.
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. 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.
2.3. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Investments
Listed
£
Cost
As at 1 October 2022 4,225,208
Additions 471,643
Disposals (1,028,182 )
Fair value adjustments 57,219
As at 30 September 2023 3,725,888
Provision
As at 1 October 2022 -
As at 30 September 2023 -
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 September 2023 3,725,888
As at 1 October 2022 4,225,208
The market value of listed investments at 30 September 2023 was £3,725,888 (2022: £4,225,208).
5. Creditors: Amounts Falling Due Within One Year
30 September 2023 30 September 2022
£ £
Accruals and deferred income 3,120 3,000
Directors' loan accounts 11,597 3,498
14,717 6,498
6. Creditors: Amounts Falling Due After More Than One Year
30 September 2023 30 September 2022
£ £
Other creditors 3,849,900 4,149,900
3,849,900 4,149,900
7. Share Capital
30 September 2023 30 September 2022
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 1.00 each 100 100
100 Ordinary B shares of £ 1.00 each 100 100
200 200
Page 4