Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11229301 Mr Hemal Patel Mr GORAN STOJSAVLJEVIC iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11229301 2023-02-28 11229301 2024-02-29 11229301 2023-03-01 2024-02-29 11229301 frs-core:CurrentFinancialInstruments 2024-02-29 11229301 frs-core:Non-currentFinancialInstruments 2024-02-29 11229301 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 11229301 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11229301 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 11229301 frs-core:RevaluationReserve 2023-02-28 11229301 frs-core:RevaluationReserve 2024-02-29 11229301 frs-core:ShareCapital 2024-02-29 11229301 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11229301 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11229301 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11229301 frs-bus:SmallEntities 2023-03-01 2024-02-29 11229301 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11229301 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11229301 frs-bus:Director1 2023-03-01 2024-02-29 11229301 frs-bus:Director2 2023-03-01 2024-02-29 11229301 frs-countries:EnglandWales 2023-03-01 2024-02-29 11229301 2022-02-28 11229301 2023-02-28 11229301 2022-03-01 2023-02-28 11229301 frs-core:CurrentFinancialInstruments 2023-02-28 11229301 frs-core:Non-currentFinancialInstruments 2023-02-28 11229301 frs-core:RevaluationReserve 2023-02-28 11229301 frs-core:ShareCapital 2023-02-28 11229301 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11229301
Hkg Properties Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11229301
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 672,828 672,828
672,828 672,828
CURRENT ASSETS
Cash at bank and in hand 25,020 11,023
25,020 11,023
Creditors: Amounts Falling Due Within One Year 5 (334,955 ) (331,055 )
NET CURRENT ASSETS (LIABILITIES) (309,935 ) (320,032 )
TOTAL ASSETS LESS CURRENT LIABILITIES 362,893 352,796
Creditors: Amounts Falling Due After More Than One Year 6 (354,604 ) (359,566 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,372 ) (5,372 )
NET ASSETS/(LIABILITIES) 2,917 (12,142 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Revaluation reserve 8 16,115 16,115
Profit and Loss Account (13,200 ) (28,259 )
SHAREHOLDERS' FUNDS 2,917 (12,142)
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 Hemal Patel
Director
12/11/2024
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
Hkg Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11229301 . The registered office is Suite 137 295 Chiswick High Road, London, W4 4HH.
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. 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:
Freehold N/A
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 2)
- 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 March 2023 672,828
As at 29 February 2024 672,828
Net Book Value
As at 29 February 2024 672,828
As at 1 March 2023 672,828
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 265
Other creditors 270,000 330,790
Accruals and deferred income 720 -
Directors' loan accounts 64,235 -
334,955 331,055
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 34,829 39,791
Other loans 319,775 319,775
354,604 359,566
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Reserves
Revaluation Reserve
£
As at 1 March 2023 16,115
As at 29 February 2024 16,115
Page 4