Acorah Software Products - Accounts Production 16.0.110 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10371690 Mr Taro Nabetani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10371690 2022-12-31 10371690 2023-12-31 10371690 2023-01-01 2023-12-31 10371690 frs-core:CurrentFinancialInstruments 2023-12-31 10371690 frs-core:Non-currentFinancialInstruments 2023-12-31 10371690 frs-core:RevaluationReserve 2022-12-31 10371690 frs-core:RevaluationReserve 2023-12-31 10371690 frs-core:ShareCapital 2023-12-31 10371690 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10371690 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10371690 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10371690 frs-bus:SmallEntities 2023-01-01 2023-12-31 10371690 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10371690 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10371690 frs-bus:Director1 2023-01-01 2023-12-31 10371690 frs-countries:EnglandWales 2023-01-01 2023-12-31 10371690 2021-12-31 10371690 2022-12-31 10371690 2022-01-01 2022-12-31 10371690 frs-core:CurrentFinancialInstruments 2022-12-31 10371690 frs-core:Non-currentFinancialInstruments 2022-12-31 10371690 frs-core:RevaluationReserve 2022-12-31 10371690 frs-core:ShareCapital 2022-12-31 10371690 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10371690
Katana Property Training & Mentorship Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Hammond Ford & Co Limited
Unit 6 Church Road
Barrow
Bury St. Edmunds
IP29 5AX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10371690
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 141,000 306,000
141,000 306,000
CURRENT ASSETS
Debtors 5 27,625 7,148
Cash at bank and in hand 9,452 1,653
37,077 8,801
Creditors: Amounts Falling Due Within One Year 6 (1,011,354 ) (1,010,899 )
NET CURRENT ASSETS (LIABILITIES) (974,277 ) (1,002,098 )
TOTAL ASSETS LESS CURRENT LIABILITIES (833,277 ) (696,098 )
Creditors: Amounts Falling Due After More Than One Year 7 (319,214 ) (319,214 )
PROVISIONS FOR LIABILITIES
Provisions For Charges - (165,000 )
NET LIABILITIES (1,152,491 ) (1,180,312 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 28,392 28,392
Profit and Loss Account (1,180,983 ) (1,208,804 )
SHAREHOLDERS' FUNDS (1,152,491) (1,180,312)
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 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
Mr Taro Nabetani
Director
29th October 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
Katana Property Training & Mentorship Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10371690 . The registered office is 16, Brooklands Avenue, Manchester, M20 1JE.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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.
An agreement for the sale of the carried property has been made, with the exchange of contracts and deposit received in January 2023. The sale will complete on 29th November 2028, at which point the income from sale will be recognised and related costs brought to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Investment Property
2023
£
Fair Value
As at 1 January 2023 306,000
Disposals (165,000 )
As at 31 December 2023 141,000
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,859 3,814
Other debtors 25,766 3,334
27,625 7,148
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 4,653 1,620
Other creditors 445,768 456,939
Accruals and deferred income 33,073 840
Director's loan account 527,860 551,500
1,011,354 1,010,899
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 182,207 182,207
Other creditors 137,007 137,007
319,214 319,214
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 1 January 2023 28,392
As at 31 December 2023 28,392
Page 4