Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06558927 Mrs Chiara Mensi true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06558927 2022-12-31 06558927 2023-12-31 06558927 2023-01-01 2023-12-31 06558927 frs-core:CurrentFinancialInstruments 2023-12-31 06558927 frs-core:ShareCapital 2023-12-31 06558927 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06558927 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06558927 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06558927 frs-bus:SmallEntities 2023-01-01 2023-12-31 06558927 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06558927 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06558927 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 06558927 frs-bus:OrdinaryShareClass1 2023-12-31 06558927 1 2023-01-01 2023-12-31 06558927 frs-core:CostValuation 2022-12-31 06558927 frs-core:AdditionsToInvestments 2023-12-31 06558927 frs-core:DisposalsRepaymentsInvestments 2023-12-31 06558927 frs-core:CostValuation 2023-12-31 06558927 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 06558927 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 06558927 frs-core:ListedExchangeTraded 2023-12-31 06558927 frs-core:ListedExchangeTraded 2022-12-31 06558927 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-12-31 06558927 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2023-12-31 06558927 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2023-12-31 06558927 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 06558927 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-12-31 06558927 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 06558927 frs-bus:Director1 2023-01-01 2023-12-31 06558927 frs-countries:EnglandWales 2023-01-01 2023-12-31 06558927 2021-12-31 06558927 2022-12-31 06558927 2022-01-01 2022-12-31 06558927 frs-core:CurrentFinancialInstruments 2022-12-31 06558927 frs-core:ShareCapital 2022-12-31 06558927 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 06558927 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31 06558927 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 06558927
KTL Properties Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Adbell International Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06558927
2023 2022
Notes
FIXED ASSETS
Investments 4 3,478,318 3,483,325
3,478,318 3,483,325
CURRENT ASSETS
Debtors 5 4 16,004
Cash at bank and in hand 1,326,270 1,678,621
1,326,274 1,694,625
Creditors: Amounts Falling Due Within One Year 6 (4,377,839 ) (9,830,650 )
NET CURRENT ASSETS (LIABILITIES) (3,051,565 ) (8,136,025 )
TOTAL ASSETS LESS CURRENT LIABILITIES 426,753 (4,652,700 )
NET ASSETS/(LIABILITIES) 426,753 (4,652,700 )
CAPITAL AND RESERVES
Called up share capital 7 338 338
Profit and Loss Account 426,415 (4,653,038 )
SHAREHOLDERS' FUNDS 426,753 (4,652,700)
Page 1
Page 2
For the year ending 31 December 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
Mrs Chiara Mensi
Director
20/09/2024
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
KTL Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06558927 . The registered office is Brichin Court, 20 Birchin Lane, London, EC3V 9DJ.
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 financial statements are prepared on the basis of the going concern, which assumes that the companywill bein operational existence for the foreseeable future. This depends upon continued support of the shareholders. Thefinancial statements do not include any adjustments that would result if such support is withdrawn.
2.3. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the companybecomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when thereis a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis orto realise the asset and settle the liability simultaneously.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euro at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except tothe extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted orsubstantively enacted by the balance sheet date.
2.6. Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets ofthe company after deducting all of its liabilities.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group
companies and preference shares that are classified as debt, are initially recognised at transaction price unless thearrangement constitutes a financing transaction, where the debt instrument is measured at the present value of thefuture receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course ofbusiness from suppliers. Accounts payable are classified as current liabilities if payment is due within one year orless. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transactionprice and subsequently measured at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
Page 3
Page 4
4. Investments
Listed Other Total
Cost
As at 1 January 2023 1,861,581 1,621,744 3,483,325
Additions 241,281 - 241,281
Disposals - (246,288 ) (246,288 )
As at 31 December 2023 2,102,862 1,375,456 3,478,318
Provision
As at 1 January 2023 - - -
As at 31 December 2023 - - -
Net Book Value
As at 31 December 2023 2,102,862 1,375,456 3,478,318
As at 1 January 2023 1,861,581 1,621,744 3,483,325
5. Debtors
2023 2022
Due within one year
Other debtors 4 4
Due after more than one year
Amounts owed by group undertakings Curr.acc.Charcone - 16,000
4 16,004
6. Creditors: Amounts Falling Due Within One Year
2023 2022
Other creditors 4,376,340 4,724,647
Other creditors Loan from Charcone - 5,102,986
Accruals and deferred income 1,499 3,017
4,377,839 9,830,650
7. Share Capital
2023 2022
Allotted, called up and fully paid
300 Ordinary Shares of £ 1.12666666 each 338 338
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr Chlodwig Matthias Reuter.  
Page 4