Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 8445848 Mr William O'Grady iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 8445848 2023-03-31 8445848 2024-03-31 8445848 2023-04-01 2024-03-31 8445848 frs-core:Non-currentFinancialInstruments 2024-03-31 8445848 frs-core:ShareCapital 2024-03-31 8445848 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 8445848 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 8445848 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 8445848 frs-bus:SmallEntities 2023-04-01 2024-03-31 8445848 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 8445848 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 8445848 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 8445848 frs-bus:OrdinaryShareClass1 2024-03-31 8445848 frs-bus:PreferenceShareClass1 2023-04-01 2024-03-31 8445848 frs-bus:PreferenceShareClass1 2024-03-31 8445848 frs-core:CostValuation 2023-03-31 8445848 frs-core:AdditionsToInvestments 2024-03-31 8445848 frs-core:DisposalsRepaymentsInvestments 2024-03-31 8445848 frs-core:CostValuation 2024-03-31 8445848 frs-core:ImpairmentLossProvisionsForImpairmentInvestments 2024-03-31 8445848 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 8445848 frs-bus:Director1 2023-04-01 2024-03-31 8445848 1 2023-04-01 2024-03-31 8445848 frs-countries:EnglandWales 2023-04-01 2024-03-31 8445848 2022-03-31 8445848 2023-03-31 8445848 2022-04-01 2023-03-31 8445848 frs-core:Non-currentFinancialInstruments 2023-03-31 8445848 frs-core:ShareCapital 2023-03-31 8445848 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 8445848 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31 8445848 frs-bus:PreferenceShareClass1 2022-04-01 2023-03-31 8445848 1 2022-04-01 2023-03-31
Registered number: 8445848
KRD Capital Ltd
ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 8445848
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 3,319,948 3,045,843
3,319,948 3,045,843
CURRENT ASSETS
Debtors 5 2,102,521 1,864,601
Investments 1,015,892 1,186,862
Cash at bank and in hand 349,218 403,469
3,467,631 3,454,932
Creditors: Amounts Falling Due Within One Year (166 ) (1,977 )
NET CURRENT ASSETS (LIABILITIES) 3,467,465 3,452,955
TOTAL ASSETS LESS CURRENT LIABILITIES 6,787,413 6,498,798
NET ASSETS 6,787,413 6,498,798
CAPITAL AND RESERVES
Called up share capital 6 1,926,974 1,926,974
Profit and Loss Account 4,860,439 4,571,824
SHAREHOLDERS' FUNDS 6,787,413 6,498,798
Page 1
Page 2
For the year ending 31 March 2024 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr William O'Grady
Director
01/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
KRD Capital Ltd Registered number 8445848 is a limited by shares company incorporated in England & Wales. The Registered Office is 3rd Floor, Kings House, Kymberley Road, Harrow, HA1 1PT.
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. Foreign Currencies
Foreign currency transactions are translated into sterling using the spot exchange rates at the dates of transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange at the date of the transaction and nonmonetary items measured at fair value using exchange rates when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account.
2.4. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

(i) Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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.

(ii) Deferred tax
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.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in the profit and loss account.

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Page 4
2.5. Investments
(i) Investments in associates are held at cost less any accumulated impairment losses.

(ii) Short term investments in quoted securities initially recorded at cost. At each period end these investments are revalued at the quoted closing market price. Changes in value are recognised in the profit and loss account.

3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Directors 1 1
1 1
4. Investments
Total
£
Cost
As at 1 April 2023 3,045,843
Additions 473,479
Disposals (63,874 )
As at 31 March 2024 3,455,448
Provision
As at 1 April 2023 -
Impairment losses 135,500
As at 31 March 2024 135,500
Net Book Value
As at 31 March 2024 3,319,948
As at 1 April 2023 3,045,843
5. Debtors
2024 2023
£ £
Due after more than one year
Deferred tax current asset 31,205 27,724
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
4 Ordinary Shares of £ 1.000 each 4 4
Preference Shares
2024 2023
Allotted, called up and fully paid £ £
1,926,970 Preference Shares of £ 1.000 each 1,926,970 1,926,970
Page 4
Page 5
7. Related Party Transactions
Related Party Transactions
(i) Other debtors include the following amounts due from related parties which are repayable on demand : -
Loans to associated companies as at 31/3/2024:£1,752,101 (2023:£1,528,324)
(ii) Other creditors include the following amounts due to related parties which are payable on demand : -
Loans from directors as at 31/3/2024:£165 (2023: £1,977)
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