Acorah Software Products - Accounts Production 14.5.601 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10483856 Mr Ali Charchafchi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10483856 2022-11-30 10483856 2023-11-30 10483856 2022-12-01 2023-11-30 10483856 frs-core:CurrentFinancialInstruments 2023-11-30 10483856 frs-core:Non-currentFinancialInstruments 2023-11-30 10483856 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 10483856 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 10483856 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 10483856 frs-core:ShareCapital 2023-11-30 10483856 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10483856 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10483856 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10483856 frs-bus:SmallEntities 2022-12-01 2023-11-30 10483856 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10483856 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10483856 frs-bus:Director1 2022-12-01 2023-11-30 10483856 frs-core:Non-currentFinancialInstruments 1 2023-11-30 10483856 frs-core:CurrentFinancialInstruments 2 2023-11-30 10483856 frs-core:Non-currentFinancialInstruments 2 2023-11-30 10483856 frs-core:Non-currentFinancialInstruments 3 2023-11-30 10483856 frs-core:Non-currentFinancialInstruments 4 2023-11-30 10483856 frs-core:Non-currentFinancialInstruments 5 2023-11-30 10483856 frs-countries:EnglandWales 2022-12-01 2023-11-30 10483856 2021-11-30 10483856 2022-11-30 10483856 2021-12-01 2022-11-30 10483856 frs-core:CurrentFinancialInstruments 2022-11-30 10483856 frs-core:Non-currentFinancialInstruments 2022-11-30 10483856 frs-core:ShareCapital 2022-11-30 10483856 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 10483856 frs-core:Non-currentFinancialInstruments 1 2022-11-30 10483856 frs-core:CurrentFinancialInstruments 2 2022-11-30 10483856 frs-core:Non-currentFinancialInstruments 2 2022-11-30 10483856 frs-core:Non-currentFinancialInstruments 3 2022-11-30 10483856 frs-core:Non-currentFinancialInstruments 4 2022-11-30 10483856 frs-core:Non-currentFinancialInstruments 5 2022-11-30
Registered number: 10483856
KARRADA PROPERTY LIMITED
Unaudited Financial Statements
For The Year Ended 30 November 2023
Parvez & Co.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10483856
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,423,865 5,423,865
5,423,865 5,423,865
CURRENT ASSETS
Debtors 5 26,504 (9,617 )
Cash at bank and in hand 24,288 25,815
50,792 16,198
Creditors: Amounts Falling Due Within One Year 6 (78,114 ) (78,274 )
NET CURRENT ASSETS (LIABILITIES) (27,322 ) (62,076 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,396,543 5,361,789
Creditors: Amounts Falling Due After More Than One Year 7 (5,467,322 ) (5,436,405 )
NET LIABILITIES (70,779 ) (74,616 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (70,780 ) (74,617 )
SHAREHOLDERS' FUNDS (70,779) (74,616)
Page 1
Page 2
For the year ending 30 November 2023 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 Ali Charchafchi
Director
26th August 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
KARRADA PROPERTY LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 10483856 . The registered office is 14 North End Road,, London , London, W14 0SH.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. 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:
Freehold
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 December 2022 5,423,865
As at 30 November 2023 5,423,865
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 November 2023 5,423,865
As at 1 December 2022 5,423,865
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 30,957 (5,164 )
Sundry Debtors (4,453 ) (4,453 )
26,504 (9,617 )
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 25,248 7,154
Bank loans and overdrafts - 134
Other taxes and social security 521 94
VAT 33,103 45,688
Net wages 2,555 2,555
Rent deposits 14,007 19,969
Accruals and deferred income 2,680 2,680
78,114 78,274
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 30,431 41,080
Bank Deposit-EAB 450 (94,626 ) (94,626 )
Loan - Europe Arab Bank 2,128,581 2,158,581
Loan- Grace and Favour Properties Ltd (11,000 ) (5,000 )
Loan - Karrada Developments Ltd - (80,324 )
Karrada Developments - Loan 3,409,836 3,410,794
Directors loan account 4,100 5,900
5,467,322 5,436,405
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4