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 11838707 Mr Luke Osborne Mrs Natalie Cooper iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11838707 2023-02-28 11838707 2024-02-29 11838707 2023-03-01 2024-02-29 11838707 frs-core:CurrentFinancialInstruments 2024-02-29 11838707 frs-core:Non-currentFinancialInstruments 2024-02-29 11838707 frs-core:BetweenOneFiveYears 2024-02-29 11838707 frs-core:ComputerEquipment 2024-02-29 11838707 frs-core:ComputerEquipment 2023-03-01 2024-02-29 11838707 frs-core:ComputerEquipment 2023-02-28 11838707 frs-core:FurnitureFittings 2024-02-29 11838707 frs-core:FurnitureFittings 2023-03-01 2024-02-29 11838707 frs-core:FurnitureFittings 2023-02-28 11838707 frs-core:MotorVehicles 2024-02-29 11838707 frs-core:MotorVehicles 2023-03-01 2024-02-29 11838707 frs-core:MotorVehicles 2023-02-28 11838707 frs-core:WithinOneYear 2024-02-29 11838707 frs-core:ShareCapital 2024-02-29 11838707 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11838707 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11838707 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11838707 frs-bus:SmallEntities 2023-03-01 2024-02-29 11838707 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11838707 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11838707 frs-core:UnlistedNon-exchangeTraded 2024-02-29 11838707 frs-core:UnlistedNon-exchangeTraded 2023-02-28 11838707 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 11838707 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-29 11838707 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-29 11838707 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 11838707 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-29 11838707 frs-bus:Director1 2023-03-01 2024-02-29 11838707 frs-bus:Director2 2023-03-01 2024-02-29 11838707 frs-core:CurrentFinancialInstruments 1 2024-02-29 11838707 frs-countries:EnglandWales 2023-03-01 2024-02-29 11838707 2022-02-28 11838707 2023-02-28 11838707 2022-03-01 2023-02-28 11838707 frs-core:CurrentFinancialInstruments 2023-02-28 11838707 frs-core:Non-currentFinancialInstruments 2023-02-28 11838707 frs-core:BetweenOneFiveYears 2023-02-28 11838707 frs-core:WithinOneYear 2023-02-28 11838707 frs-core:ShareCapital 2023-02-28 11838707 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 11838707 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 11838707
Keyborne Capital Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 11838707
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 185,434 218,157
Investments 5 20,690 20,725
206,124 238,882
CURRENT ASSETS
Debtors 6 421,244 707,654
Cash at bank and in hand 73,391 157,106
494,635 864,760
Creditors: Amounts Falling Due Within One Year 7 (78,623 ) (200,422 )
NET CURRENT ASSETS (LIABILITIES) 416,012 664,338
TOTAL ASSETS LESS CURRENT LIABILITIES 622,136 903,220
Creditors: Amounts Falling Due After More Than One Year 8 (91,491 ) (122,576 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,135 ) (23,779 )
NET ASSETS 509,510 756,865
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 509,508 756,863
SHAREHOLDERS' FUNDS 509,510 756,865
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 Luke Osborne
Director
21/10/2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Keyborne Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11838707 . The registered office is Thomas Glover House, 3 Weaver Walk, London, SE27 0TT.
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 the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. 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:
Motor Vehicles 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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 years 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
...CONTINUED
Page 3
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2.5. Taxation - continued
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 253,583 1,097 2,792 257,472
As at 29 February 2024 253,583 1,097 2,792 257,472
Depreciation
As at 1 March 2023 38,037 303 975 39,315
Provided during the period 32,332 119 272 32,723
As at 29 February 2024 70,369 422 1,247 72,038
Net Book Value
As at 29 February 2024 183,214 675 1,545 185,434
As at 1 March 2023 215,546 794 1,817 218,157
5. Investments
Unlisted
£
Cost
As at 1 March 2023 20,725
Disposals (35 )
As at 29 February 2024 20,690
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 20,690
As at 1 March 2023 20,725
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Churchfields Road BR3 Ltd
Registered office: 60 Cheapside, London, England, EC2V 6AX
Nature of business: Property Development
                                                                          %                        29/02/2024
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                        15.00                              150
Urban & Provincial Ltd
Registered office: 60 Cheapside, London, England, EC2V 6AX
Nature of business: Property Development
                                                                          %                        29/02/2024
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                         15.00                             150
Shakespeare Road SE24 Ltd
Registered office: 60 Cheapside, London, England, EC2V 6AX
Nature of business: Property Development
                                                                          %                        29/02/2024
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                         15.00                             150
Surrey Canal Road Ltd
Registered office: 60 Cheapside, London, England, EC2V 6AX
Nature of business: Property Development
                                                                          %                        29/02/2024
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                         15.00                             150
Mill Road IG1 Ltd
Registered office: 60 Cheapside, London, England, EC2V 6AX
Nature of business: Property Development
                                                                          %                        29/02/2024
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                         15.00                              15
Weaver Walk SE27 Ltd
Registered office: 60 Cheapside, London, England, EC2V 6AX
Nature of business: Property Development
                                                                          %                        29/02/2024
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                         15.00                              15
Urban & Provincial 2 Ltd
Registered office: 60 Cheapside, London, England, EC2V 6AX
Nature of business: Property Development
                                                                          %                        29/02/2024
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                         15.00                              15
Laker Industrial BR3 Ltd
Registered office: 60 Cheapside, London, England, EC2V 6AX
Nature of business: Property Development
                                                                          %                        29/02/2024
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                         15.00                              15
Urban & Provincial 5 Ltd
Registered office: 60 Cheapside, London, England, EC2V 6AX
...CONTINUED
Page 5
Page 6
5. Investments - continued
Nature of business: Property Development
                                                                          %                        29/02/2024
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                         15.00                              15
Milkwood Road SE24 Ltd
Registered office: 60 Cheapside, London, England, EC2V 6AX
Nature of business: Property Development
                                                                          %                        29/02/2024
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                         15.00                              15
Redbrook Commercial Ltd
Registered office: 60 Cheapside, London, England, EC2V 6AX
Nature of business: Property Development
                                                                         %                        29/02/2024
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                         20.00                              20 
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 60,000 211,200
Other debtors 250 106,083
Intercompany 1,554 -
VAT 565 -
Directors' loan accounts 358,875 390,371
421,244 707,654
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 31,085 31,085
Trade creditors 41,499 1,999
Corporation tax (40 ) 14,242
Other taxes and social security 1,587 -
VAT - 34,843
Other creditors 3,492 -
Inter-company 1,000 18,253
Accruals and deferred income - 100,000
78,623 200,422
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 91,491 122,576
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 31,085 31,085
Later than one year and not later than five years 91,491 122,576
122,576 153,661
122,576 153,661
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Related Party Transactions
Included in the Other Debtors is an amount of £1,554 owed by Rex Tech Ltd, a company under the control of director Mr L Osborne. No repayment terms have been set and no interest is to be charged.
Included in the Other Creditors is an amount of £1,000 (2023 - £1,000) owed to Urban & Provincial Ltd, a company under the control of director Mr L Osborne. No repayment terms have been set and no interest is to be charged.
Included in the Other Creditors is an amount of £0 (2023 - £17,253) owed to Mill Road IG1 Ltd, a company under the control of director Mr L Osborne. No repayment terms have been set and no interest is to be charged. 
During the year the company charged consultancy to the following companies, all of which are under the control of the director Mr L Osborne.
Urban & Provincial Ltd - £22,500
During the year the company received dividends to the following companies, all of which are under the control of the director Mr L Osborne.
Campfield Road Ltd - £230,642
Mill Road IG1 Ltd - £2,456
Urban & Provincial 1 Ltd - £203
Included in the Other Debtors is an amount of £358,875 loaned to the directors Mr L Osborne & Ms N Cooper.
Page 7