Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 08424239 Mr Reza Razaghkarimi Mr Mahmoud Razzagh Karimi Mr Mahmoud Razzagh Karimi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08424239 2023-02-28 08424239 2024-02-28 08424239 2023-03-01 2024-02-28 08424239 frs-core:CurrentFinancialInstruments 2024-02-28 08424239 frs-core:Non-currentFinancialInstruments 2024-02-28 08424239 frs-core:ShareCapital 2024-02-28 08424239 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 08424239 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 08424239 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 08424239 frs-bus:SmallEntities 2023-03-01 2024-02-28 08424239 frs-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 08424239 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 08424239 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-28 08424239 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-28 08424239 frs-bus:Director1 2023-03-01 2024-02-28 08424239 frs-bus:Director2 2023-03-01 2024-02-28 08424239 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 08424239 frs-core:CurrentFinancialInstruments 2 2024-02-28 08424239 frs-countries:EnglandWales 2023-03-01 2024-02-28 08424239 2022-02-28 08424239 2023-02-28 08424239 2022-03-01 2023-02-28 08424239 frs-core:CurrentFinancialInstruments 2023-02-28 08424239 frs-core:Non-currentFinancialInstruments 2023-02-28 08424239 frs-core:ShareCapital 2023-02-28 08424239 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 08424239 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-28 08424239 frs-core:CurrentFinancialInstruments 2 2023-02-28
Registered number: 08424239
UK RK Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of UK RK Ltd For The Year Ended 28 February 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of UK RK Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of UK RK Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of UK RK Ltd and state those matters that we have agreed to state to the directors of UK RK Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than UK RK Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that UK RK Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of UK RK Ltd . You consider that UK RK Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of UK RK Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Anderson Ross Accounting and Tax
7 October 2024
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Page 1
Page 2
Balance Sheet
Registered number: 08424239
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 5,220,000 5,220,000
5,220,000 5,220,000
CURRENT ASSETS
Cash at bank and in hand 6,108 11,041
6,108 11,041
Creditors: Amounts Falling Due Within One Year 5 (164,856 ) (152,795 )
NET CURRENT ASSETS (LIABILITIES) (158,748 ) (141,754 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,061,252 5,078,246
Creditors: Amounts Falling Due After More Than One Year 6 (3,137,904 ) (3,251,720 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (167,318 ) (167,318 )
NET ASSETS 1,756,030 1,659,208
CAPITAL AND RESERVES
Called up share capital 7 60 60
Fair Value Reserve 8 880,625 880,625
Profit and Loss Account 875,345 778,523
SHAREHOLDERS' FUNDS 1,756,030 1,659,208
Page 2
Page 3
For the year ending 28 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 Reza Razaghkarimi
Director
Mr Mahmoud Razzagh Karimi
Director
7 October 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
UK RK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08424239 . The registered office is G-05 Davenport House, 16 Pepper Street, London, , E14 9RP.
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 rent of properties. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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
Income tax expense represents the sum of the tax currently payable and deferred tax.
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. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 3
2 3
Page 4
Page 5
4. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 28 February 2024 5,220,000
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 29,150 28,371
Other creditors 109,500 97,900
Rent deposits 23,086 23,764
Accruals and deferred income 3,120 2,760
164,856 152,795
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 135,977 253,753
Directors loan account 3,001,927 2,997,967
3,137,904 3,251,720
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 60 60
8. Reserves
Fair Value Reserve
£
As at 1 March 2023 880,625
As at 28 February 2024 880,625
9. Related Party Transactions
Included in creditors falling due after more than one year is an amount of £3,001,927 (2023: £2,997,967) payable to the directors. The loan is interest free.
Page 5