Acorah Software Products - Accounts Production 15.0.400 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12973888 Mrs Haynisna Divan Mr Sinniah Kamalendran iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12973888 2022-10-31 12973888 2023-10-31 12973888 2022-11-01 2023-10-31 12973888 frs-core:CurrentFinancialInstruments 2023-10-31 12973888 frs-core:Non-currentFinancialInstruments 2023-10-31 12973888 frs-core:ShareCapital 2023-10-31 12973888 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12973888 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12973888 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12973888 frs-bus:SmallEntities 2022-11-01 2023-10-31 12973888 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12973888 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12973888 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-10-31 12973888 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 12973888 frs-bus:Director1 2022-11-01 2023-10-31 12973888 frs-bus:Director2 2022-11-01 2023-10-31 12973888 frs-countries:EnglandWales 2022-11-01 2023-10-31 12973888 2021-10-31 12973888 2022-10-31 12973888 2021-11-01 2022-10-31 12973888 frs-core:CurrentFinancialInstruments 2022-10-31 12973888 frs-core:Non-currentFinancialInstruments 2022-10-31 12973888 frs-core:ShareCapital 2022-10-31 12973888 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 12973888 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-10-31
Registered number: 12973888
Kams Asset Management Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Desaur and Co Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12973888
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 700,000 700,000
700,000 700,000
CURRENT ASSETS
Cash at bank and in hand 119 1,444
119 1,444
Creditors: Amounts Falling Due Within One Year 5 (292,535 ) (294,707 )
NET CURRENT ASSETS (LIABILITIES) (292,416 ) (293,263 )
TOTAL ASSETS LESS CURRENT LIABILITIES 407,584 406,737
Creditors: Amounts Falling Due After More Than One Year 6 (124,789 ) (132,142 )
NET ASSETS 282,795 274,595
CAPITAL AND RESERVES
Called up share capital 7 20 8
Fair Value Reserve 8 320,545 218,186
Profit and Loss Account (37,770 ) 56,401
SHAREHOLDERS' FUNDS 282,795 274,595
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Page 2
For the year ending 31 October 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 Sinniah Kamalendran
Director
30/07/2024
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
Kams Asset Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12973888 . The registered office is 64 Mitcham Road, London, E6 3LU.
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 represents gross rent receivable which is based on signed leases with tenants.


2.3. Investment Properties
Investment Properties
Investment properties are the properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in fair value of investment properties are included in profit and loss in the period in which they arise.
Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net transaction costs and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of relevant borrowing.
Interest expense is included in interest payable and similar charges
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after reporting date.
2.4. 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: 1 (2022: 1)
1 1
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4. Investment Property
2023
£
Fair Value
As at 1 November 2022 and 31 October 2023 700,000
The values of investment properties are annually considered by director based on his knowledge of similar local properties, he does not consider it necessary to carry out a revaluation at the financial year end, as  market value is not materially different to the carrying amount at the year end.
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 8,383 8,044
Corporation tax 2,598 1,225
Accruals and deferred income 1,620 1,500
Directors' loan accounts 279,934 283,938
292,535 294,707
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 124,789 132,142
124,789 132,142
The bank borrowings are secured by way of fixed charges over the company’s assets.


7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 20 8
8. Reserves
Fair Value Reserve
£
As at 1 November 2022 218,186
Fairvalue Reserve - Deferred Tax 102,359
As at 31 October 2023 320,545
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