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 10488610 Mrs Moneesha Ludhor Mrs Moneesha Ludhor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10488610 2022-11-30 10488610 2023-11-30 10488610 2022-12-01 2023-11-30 10488610 frs-core:CurrentFinancialInstruments 2023-11-30 10488610 frs-core:Non-currentFinancialInstruments 2023-11-30 10488610 frs-core:ComputerEquipment 2023-11-30 10488610 frs-core:ComputerEquipment 2022-12-01 2023-11-30 10488610 frs-core:ComputerEquipment 2022-11-30 10488610 frs-core:FurnitureFittings 2023-11-30 10488610 frs-core:FurnitureFittings 2022-12-01 2023-11-30 10488610 frs-core:FurnitureFittings 2022-11-30 10488610 frs-core:ShareCapital 2023-11-30 10488610 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10488610 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10488610 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10488610 frs-bus:SmallEntities 2022-12-01 2023-11-30 10488610 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10488610 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10488610 frs-bus:Director1 2022-12-01 2023-11-30 10488610 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 10488610 frs-core:CurrentFinancialInstruments 1 2023-11-30 10488610 frs-countries:EnglandWales 2022-12-01 2023-11-30 10488610 2021-11-30 10488610 2022-11-30 10488610 2021-12-01 2022-11-30 10488610 frs-core:CurrentFinancialInstruments 2022-11-30 10488610 frs-core:Non-currentFinancialInstruments 2022-11-30 10488610 frs-core:ShareCapital 2022-11-30 10488610 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 10488610 frs-core:CurrentFinancialInstruments 1 2022-11-30
Registered number: 10488610
KVM Serviced Accommodation Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10488610
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,843 18,457
13,843 18,457
CURRENT ASSETS
Debtors 5 246,217 116,314
Cash at bank and in hand 109,265 53,654
355,482 169,968
Creditors: Amounts Falling Due Within One Year 6 (41,279 ) (68,412 )
NET CURRENT ASSETS (LIABILITIES) 314,203 101,556
TOTAL ASSETS LESS CURRENT LIABILITIES 328,046 120,013
Creditors: Amounts Falling Due After More Than One Year 7 (269,816 ) (67,583 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,630 ) (6,226 )
NET ASSETS 55,600 46,204
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 55,598 46,202
SHAREHOLDERS' FUNDS 55,600 46,204
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 Profit and Loss Account.
On behalf of the board
Mrs Moneesha Ludhor
Director
27/08/2024
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 Serviced Accommodation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10488610 . 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. 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:
Fixtures & Fittings 25% RB
Computer Equipment 25% RB
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 51,717 4,011 55,728
As at 30 November 2023 51,717 4,011 55,728
Depreciation
As at 1 December 2022 34,529 2,742 37,271
Provided during the period 4,297 317 4,614
As at 30 November 2023 38,826 3,059 41,885
Net Book Value
As at 30 November 2023 12,891 952 13,843
As at 1 December 2022 17,188 1,269 18,457
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Other debtors - Interco KVM Prop 246,217 116,314
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 988 15,553
Other taxes and social security 5,410 5,607
Other creditors 31,040 43,412
Accruals and deferred income 3,840 3,840
Director's loan account 1 -
41,279 68,412
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 269,816 67,583
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 4