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 11668953 Mrs Helen Gordon Mr Bruce Gordon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11668953 2022-11-30 11668953 2023-11-30 11668953 2022-12-01 2023-11-30 11668953 frs-core:CurrentFinancialInstruments 2023-11-30 11668953 frs-core:Non-currentFinancialInstruments 2023-11-30 11668953 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 11668953 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11668953 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 11668953 frs-core:ShareCapital 2023-11-30 11668953 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11668953 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11668953 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 11668953 frs-bus:SmallEntities 2022-12-01 2023-11-30 11668953 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11668953 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11668953 frs-bus:Director1 2022-12-01 2023-11-30 11668953 frs-bus:Director2 2022-12-01 2023-11-30 11668953 frs-countries:NorthernIreland 2022-12-01 2023-11-30 11668953 2021-11-30 11668953 2022-11-30 11668953 2021-12-01 2022-11-30 11668953 frs-core:CurrentFinancialInstruments 2022-11-30 11668953 frs-core:Non-currentFinancialInstruments 2022-11-30 11668953 frs-core:ShareCapital 2022-11-30 11668953 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 11668953
Kite Real Estate Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Panthera Limited
Chartered Management Accountants
The Manor
Main Street
Grove
Oxfordshire
OX12 7JJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11668953
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 360,000 360,000
360,000 360,000
CURRENT ASSETS
Debtors 5 33,000 33,000
Cash at bank and in hand 1,033 11,055
34,033 44,055
Creditors: Amounts Falling Due Within One Year 6 (31,978 ) (34,078 )
NET CURRENT ASSETS (LIABILITIES) 2,055 9,977
TOTAL ASSETS LESS CURRENT LIABILITIES 362,055 369,977
Creditors: Amounts Falling Due After More Than One Year 7 (334,500 ) (338,234 )
NET ASSETS 27,555 31,743
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 27,553 31,741
SHAREHOLDERS' FUNDS 27,555 31,743
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 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 Bruce Gordon
Director
13/05/2024
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
Kite Real Estate Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number 11668953 . The registered office is 2 Brightwell Street, Brightwell-Cum-Sotwell, Wallingford, OXON, OX10 0RX.
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 Not depreciated
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 December 2022 360,000
As at 30 November 2023 360,000
Net Book Value
As at 30 November 2023 360,000
As at 1 December 2022 360,000
5. Debtors
2023 2022
£ £
Due within one year
Amounts owed by group undertakings 33,000 33,000
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 3,734 3,734
Accruals and deferred income 900 -
Directors' loan accounts 27,344 30,344
31,978 34,078
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Trade creditors 327,966 327,966
Bank loans 6,534 10,268
334,500 338,234
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 4