Acorah Software Products - Accounts Production 15.0.600 false true true 31 August 2022 18 August 2021 false 1 September 2022 31 August 2023 31 August 2023 13573489 Mr Russell Davison Mr Graham Kemp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13573489 2022-08-31 13573489 2023-08-31 13573489 2022-09-01 2023-08-31 13573489 frs-core:CurrentFinancialInstruments 2023-08-31 13573489 frs-core:Non-currentFinancialInstruments 2023-08-31 13573489 frs-core:FurnitureFittings 2023-08-31 13573489 frs-core:FurnitureFittings 2022-09-01 2023-08-31 13573489 frs-core:FurnitureFittings 2022-08-31 13573489 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-31 13573489 frs-core:InvestmentPropertyIncludedWithinPPE 2022-08-31 13573489 frs-core:MotorVehicles 2023-08-31 13573489 frs-core:MotorVehicles 2022-09-01 2023-08-31 13573489 frs-core:MotorVehicles 2022-08-31 13573489 frs-core:PlantMachinery 2023-08-31 13573489 frs-core:PlantMachinery 2022-09-01 2023-08-31 13573489 frs-core:PlantMachinery 2022-08-31 13573489 frs-core:ShareCapital 2023-08-31 13573489 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 13573489 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 13573489 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 13573489 frs-bus:SmallEntities 2022-09-01 2023-08-31 13573489 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 13573489 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 13573489 frs-bus:Director1 2022-09-01 2023-08-31 13573489 frs-bus:Director2 2022-09-01 2023-08-31 13573489 frs-countries:EnglandWales 2022-09-01 2023-08-31 13573489 2021-08-17 13573489 2022-08-31 13573489 2021-08-18 2022-08-31 13573489 frs-core:CurrentFinancialInstruments 2022-08-31 13573489 frs-core:Non-currentFinancialInstruments 2022-08-31 13573489 frs-core:ShareCapital 2022-08-31 13573489 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 13573489
Keda Property Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13573489
31 August 2023 31 August 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 336,557 273,316
336,557 273,316
CURRENT ASSETS
Debtors 4 15,570 14,518
Cash at bank and in hand 4,132 1,454
19,702 15,972
Creditors: Amounts Falling Due Within One Year 5 (195,634 ) (225,044 )
NET CURRENT ASSETS (LIABILITIES) (175,932 ) (209,072 )
TOTAL ASSETS LESS CURRENT LIABILITIES 160,625 64,244
Creditors: Amounts Falling Due After More Than One Year 6 (202,229 ) (98,961 )
NET LIABILITIES (41,604 ) (34,717 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (41,606 ) (34,719 )
SHAREHOLDERS' FUNDS (41,604) (34,717)
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For the year ending 31 August 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 Russell Davison
Director
19/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
1.3. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% Reducing Balance
Motor Vehicles 25% Straight Line
Fixtures & Fittings 25% Straight Line
1.5. 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. The fair value of property is based on director's valuations and has not been based on a valuation by an independent valuer with a professional qualification. No depreciation is provided for. 
Changes in fair value are recognised in the profit and loss account.
1.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2022: 2)
2 2
3. Tangible Assets
Investment Properties Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost or Valuation
As at 1 September 2022 270,000 - - 4,422 274,422
Additions 48,189 7,719 3,200 - 59,108
Revaluation 6,811 - - - 6,811
As at 31 August 2023 325,000 7,719 3,200 4,422 340,341
...CONTINUED
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Depreciation
As at 1 September 2022 - - - 1,106 1,106
Provided during the period - 772 800 1,106 2,678
As at 31 August 2023 - 772 800 2,212 3,784
Net Book Value
As at 31 August 2023 325,000 6,947 2,400 2,210 336,557
As at 1 September 2022 270,000 - - 3,316 273,316
4. Debtors
31 August 2023 31 August 2022
£ £
Due within one year
Trade debtors 3,887 2,263
Prepayments and accrued income - 6,480
Other debtors 10,103 4,195
13,990 12,938
Due after more than one year
Other debtors 1,580 1,580
1,580 1,580
15,570 14,518
5. Creditors: Amounts Falling Due Within One Year
31 August 2023 31 August 2022
£ £
Other creditors 33,968 34,903
Accruals and deferred income - 5,901
Directors' loan accounts 161,666 184,240
195,634 225,044
6. Creditors: Amounts Falling Due After More Than One Year
31 August 2023 31 August 2022
£ £
Bank loans 202,229 98,961
202,229 98,961
7. Secured Creditors
Of the creditors falling due within and after more than one year the following amount is secured by a fixed charge over the investment properties. The mortgage are interest only with terms of 20 years.
31 August 2023 31 August 2022
£ £
Bank loans and overdrafts 202,229 98,961
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8. Share Capital
31 August 2023 31 August 2022
£ £
Allotted, Called up and fully paid 2 2
9. General Information
Keda Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13573489 . The registered office is Eastfield, Hornsea Road, Leven, Beverley, HU17 5NJ.
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