Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 10594759 Mr Allan Collett Mrs Johanna Collett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10594759 2023-02-28 10594759 2024-02-29 10594759 2023-03-01 2024-02-29 10594759 frs-core:CurrentFinancialInstruments 2024-02-29 10594759 frs-core:Non-currentFinancialInstruments 2024-02-29 10594759 frs-core:RevaluationReserve 2023-02-28 10594759 frs-core:RevaluationReserve 2024-02-29 10594759 frs-core:ShareCapital 2024-02-29 10594759 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10594759 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10594759 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 10594759 frs-bus:SmallEntities 2023-03-01 2024-02-29 10594759 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10594759 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10594759 frs-bus:Director1 2023-03-01 2024-02-29 10594759 frs-bus:Director2 2023-03-01 2024-02-29 10594759 frs-countries:EnglandWales 2023-03-01 2024-02-29 10594759 2022-02-28 10594759 2023-02-28 10594759 2022-03-01 2023-02-28 10594759 frs-core:CurrentFinancialInstruments 2023-02-28 10594759 frs-core:Non-currentFinancialInstruments 2023-02-28 10594759 frs-core:RevaluationReserve 2023-02-28 10594759 frs-core:ShareCapital 2023-02-28 10594759 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10594759
Kapinara Properties Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Freeman Lunn
Accountants & Business Advisers
11 Marlings Park Avenue
Chislehurst
Kent
BR7 6QN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10594759
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 640,000 640,000
640,000 640,000
CURRENT ASSETS
Cash at bank and in hand 12,742 14,225
12,742 14,225
Creditors: Amounts Falling Due Within One Year 5 (1,864 ) (929 )
NET CURRENT ASSETS (LIABILITIES) 10,878 13,296
TOTAL ASSETS LESS CURRENT LIABILITIES 650,878 653,296
Creditors: Amounts Falling Due After More Than One Year 6 (587,115 ) (592,711 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,519 ) (9,519 )
NET ASSETS 54,244 51,066
CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 40,576 40,576
Profit and Loss Account 13,568 10,390
SHAREHOLDERS' FUNDS 54,244 51,066
Page 1
Page 2
For the year ending 29 February 2024 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 Allan Collett
Director
29/09/2024
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
Kapinara Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10594759 . The registered office is 26 Granville Road, Sidcup, Kent, DA14 4BX.
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
Rental income from investment properties represents sums received from tenants during the year.
2.3. 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.
2.4. Taxation
Taxation expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. 
Deferred tax is provided on the investment property fair value gain.
The company's liability for current and deferred tax is based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 29 February 2024 640,000
Investment properties have been valued at fair value as at 29 February 2024 by the directors. There is no change from the prior year.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,214 279
Accruals and deferred income 650 650
1,864 929
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 412,292 412,292
Directors loan account 174,823 180,419
587,115 592,711
The directors loan is unsecured and there is no future determinable date for repayment. Interest is chargeable at 3% above the Bank of England base rate but no provision has been made for interest accrued but unpaid at the balance sheet date.
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Reserves
Revaluation Reserve
£
As at 1 March 2023 40,576
As at 29 February 2024 40,576
Page 4