Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 11684249 Mrs Moneesha Ludhor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11684249 2022-11-30 11684249 2023-11-30 11684249 2022-12-01 2023-11-30 11684249 frs-core:CurrentFinancialInstruments 2023-11-30 11684249 frs-core:Non-currentFinancialInstruments 2023-11-30 11684249 frs-core:ShareCapital 2023-11-30 11684249 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11684249 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11684249 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 11684249 frs-bus:SmallEntities 2022-12-01 2023-11-30 11684249 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11684249 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11684249 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-01 2023-11-30 11684249 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-11-30 11684249 frs-bus:Director1 2022-12-01 2023-11-30 11684249 frs-countries:EnglandWales 2022-12-01 2023-11-30 11684249 2021-11-30 11684249 2022-11-30 11684249 2021-12-01 2022-11-30 11684249 frs-core:CurrentFinancialInstruments 2022-11-30 11684249 frs-core:Non-currentFinancialInstruments 2022-11-30 11684249 frs-core:ShareCapital 2022-11-30 11684249 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 11684249 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-11-30
Registered number: 11684249
KVM Property Investment Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 11684249
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 496,579 345,239
496,579 345,239
CURRENT ASSETS
Debtors 5 52,160 -
Cash at bank and in hand 848 78
53,008 78
Creditors: Amounts Falling Due Within One Year 6 (250,118 ) (120,215 )
NET CURRENT ASSETS (LIABILITIES) (197,110 ) (120,137 )
TOTAL ASSETS LESS CURRENT LIABILITIES 299,469 225,102
Creditors: Amounts Falling Due After More Than One Year 7 (253,793 ) (264,049 )
NET ASSETS/(LIABILITIES) 45,676 (38,947 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Fair Value Reserve 9 151,339 -
Income Statement (105,664 ) (38,948 )
SHAREHOLDERS' FUNDS 45,676 (38,947)
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 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 Income Statement.
On behalf of the board
Mrs Moneesha Ludhor
Director
16/08/2024
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
KVM Property Investment Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11684249 . The registered office is Kemp House , 160 City Road, London, EC1V 2NX.
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. 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. No depreciation is provided for. Changes in fair value are recognised in the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was:1 1 (2022: NIL)
1 -
4. Investment Property
2023
£
Fair Value
As at 1 December 2022 345,239
Fair value adjustments 151,340
As at 30 November 2023 496,579
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 52,160 -
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1 1
Other creditors 250,117 120,214
250,118 120,215
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Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 253,793 264,049
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Reserves
Fair Value Reserve
£
Transfer to profit and loss 151,339
As at 30 November 2023 151,339
Page 4