Acorah Software Products - Accounts Production 15.0.600 false true true 30 June 2022 1 July 2021 false 1 July 2022 30 June 2023 30 June 2023 12067802 N O Murele N O Murele iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12067802 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-06-30 12067802 2022-06-30 12067802 2023-06-30 12067802 2022-07-01 2023-06-30 12067802 frs-core:CurrentFinancialInstruments 2023-06-30 12067802 frs-core:Non-currentFinancialInstruments 2023-06-30 12067802 frs-core:InvestmentPropertyIncludedWithinPPE 2023-06-30 12067802 frs-core:InvestmentPropertyIncludedWithinPPE 2022-06-30 12067802 frs-core:ShareCapital 2023-06-30 12067802 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 12067802 frs-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12067802 frs-bus:FilletedAccounts 2022-07-01 2023-06-30 12067802 frs-bus:SmallEntities 2022-07-01 2023-06-30 12067802 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12067802 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 12067802 frs-bus:Director1 2022-07-01 2023-06-30 12067802 frs-bus:CompanySecretary1 2022-07-01 2023-06-30 12067802 frs-countries:EnglandWales 2022-07-01 2023-06-30 12067802 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-06-30 12067802 2021-06-30 12067802 2022-06-30 12067802 2021-07-01 2022-06-30 12067802 frs-core:CurrentFinancialInstruments 2022-06-30 12067802 frs-core:Non-currentFinancialInstruments 2022-06-30 12067802 frs-core:ShareCapital 2022-06-30 12067802 frs-core:RetainedEarningsAccumulatedLosses 2022-06-30
Registered number: 12067802
Kingdom Investments & Asset Management Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12067802
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 150,000 150,000
150,000 150,000
CURRENT ASSETS
Cash at bank and in hand 748 1,832
748 1,832
Creditors: Amounts Falling Due Within One Year 5 (51,022 ) (54,103 )
NET CURRENT ASSETS (LIABILITIES) (50,274 ) (52,271 )
TOTAL ASSETS LESS CURRENT LIABILITIES 99,726 97,729
Creditors: Amounts Falling Due After More Than One Year 6 (53,573 ) (53,573 )
NET ASSETS 46,153 44,156
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 46,053 44,056
SHAREHOLDERS' FUNDS 46,153 44,156
Page 1
Page 2
For the year ending 30 June 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 his 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
N O Murele
Director
7 September 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
Kingdom Investments & Asset Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12067802 . The registered office is The Haven Carrs Drive, High Wycombe, HP12 4BT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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.
2.3. 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 renting of residential investment property.
2.4. 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:
2.5. 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 profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 July 2022 150,000
As at 30 June 2023 150,000
Net Book Value
As at 30 June 2023 150,000
As at 1 July 2022 150,000
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 500 500
Director's loan account 50,522 53,603
51,022 54,103
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6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 53,573 53,573
The company has an existing interest only mortgage loan loan repayable after 15 years. Interest is charged on the loan at 3.34% and secured on the investment property. 
Of the creditors falling due within and after more than one year the following amounts are due after more than five years.
2023 2022
£ £
Bank loans 53,573 53,573
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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