Acorah Software Products - Accounts Production 15.0.600 false true true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 11553443 Mohammed Abdulrahman Almajid Noman Mohammed Khalid Beg Issam Dabboussi Mohamad Dabboussi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11553443 2022-09-30 11553443 2023-09-30 11553443 2022-10-01 2023-09-30 11553443 frs-core:CurrentFinancialInstruments 2023-09-30 11553443 frs-core:ShareCapital 2023-09-30 11553443 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 11553443 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 11553443 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 11553443 frs-bus:SmallEntities 2022-10-01 2023-09-30 11553443 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 11553443 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 11553443 frs-core:UnlistedNon-exchangeTraded 2023-09-30 11553443 frs-core:UnlistedNon-exchangeTraded 2022-09-30 11553443 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-09-30 11553443 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-30 11553443 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-09-30 11553443 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 11553443 frs-bus:Director1 2022-10-01 2023-09-30 11553443 frs-bus:Director2 2022-10-01 2023-09-30 11553443 frs-bus:Director3 2022-10-01 2023-09-30 11553443 frs-bus:Director4 2022-10-01 2023-09-30 11553443 frs-countries:EnglandWales 2022-10-01 2023-09-30 11553443 2021-09-30 11553443 2022-09-30 11553443 2021-10-01 2022-09-30 11553443 frs-core:CurrentFinancialInstruments 2022-09-30 11553443 frs-core:ShareCapital 2022-09-30 11553443 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 11553443
KMK Holdings Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11553443
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 1,144,895 1,144,895
1,144,895 1,144,895
CURRENT ASSETS
Debtors 5 1,000 -
Cash at bank and in hand - 2,400
1,000 2,400
Creditors: Amounts Falling Due Within One Year 6 (1,147,895 ) (1,148,623 )
NET CURRENT ASSETS (LIABILITIES) (1,146,895 ) (1,146,223 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,000 ) (1,328 )
NET LIABILITIES (2,000 ) (1,328 )
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account (3,000 ) (2,328 )
SHAREHOLDERS' FUNDS (2,000) (1,328)
For the year ending 30 September 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
Issam Dabboussi
Director
26 June 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
KMK Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11553443 . The registered office is 809 Salisbury House, 29 Finsbury Circus, London, EC2M 5SQ.
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. 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 directors believe that the company would have sufficient resources to continue to trade for foreseeable future.
2.3. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue 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.
2.4. Investment
Investments in unlisted company are recognized at cost less impairment as the fair value cannot be measured reliably. Any impairment loss in relation to the investment is recognized in the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Investments
Unlisted
£
Cost
As at 1 October 2022 1,144,895
As at 30 September 2023 1,144,895
Provision
As at 1 October 2022 -
As at 30 September 2023 -
Net Book Value
As at 30 September 2023 1,144,895
As at 1 October 2022 1,144,895
5. Debtors
2023 2022
£ £
Due within one year
Amounts owed by other related parties 1,000 -
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Shareholders loans 1,144,895 1,144,895
Accruals and deferred income 1,080 1,284
Directors' loan accounts 1,920 1,044
Amounts owed to related parties - 1,400
1,147,895 1,148,623
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Related Party Transactions
Included in creditors due within one year is an amount of £1,144,895 (2022: £1,144,895) owed to shareholders of the company. The amount is interest free and repayable on demand.
Included in creditors due within one year is an amount of £1,920 (2022: £1,044) owed to directors of the company. The amount is interest free and repayable on demand.
Page 3