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 11206116 Mr Anthony Petty Mr Anthony Petty iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11206116 2023-02-28 11206116 2024-02-29 11206116 2023-03-01 2024-02-29 11206116 frs-core:CurrentFinancialInstruments 2024-02-29 11206116 frs-core:Non-currentFinancialInstruments 2024-02-29 11206116 frs-core:ShareCapital 2024-02-29 11206116 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11206116 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11206116 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11206116 frs-bus:SmallEntities 2023-03-01 2024-02-29 11206116 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11206116 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11206116 frs-bus:Director1 2023-03-01 2024-02-29 11206116 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 11206116 frs-core:CurrentFinancialInstruments 1 2024-02-29 11206116 frs-countries:EnglandWales 2023-03-01 2024-02-29 11206116 2022-02-28 11206116 2023-02-28 11206116 2022-03-01 2023-02-28 11206116 frs-core:CurrentFinancialInstruments 2023-02-28 11206116 frs-core:Non-currentFinancialInstruments 2023-02-28 11206116 frs-core:ShareCapital 2023-02-28 11206116 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 11206116 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 11206116
KHP Marden Ltd
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: 11206116
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 69,370 40,435
Cash at bank and in hand 17,120 79,926
86,490 120,361
Creditors: Amounts Falling Due Within One Year 5 (8,410 ) (37,734 )
NET CURRENT ASSETS (LIABILITIES) 78,080 82,627
TOTAL ASSETS LESS CURRENT LIABILITIES 78,080 82,627
Creditors: Amounts Falling Due After More Than One Year 6 (32,029 ) (38,279 )
NET ASSETS 46,051 44,348
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 46,050 44,347
SHAREHOLDERS' FUNDS 46,051 44,348
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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 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 Anthony Petty
Director
28/11/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
KHP Marden Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11206116 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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:
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 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.
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: NIL (2023: NIL)
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4. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 9,000
Inter company account 570 31,435
Director's loan account 68,800 -
69,370 40,435
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,681 660
Bank loans and overdrafts 6,250 6,250
Corporation tax 399 7,722
Intercompany account 80 18,080
Director's loan account - 5,022
8,410 37,734
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 32,029 38,279
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Related Party Transactions
Included in the Other Debtors is an amount owed from Kings Hill Properties Ltd totalling £570 (2023 - £31,435), for which Mr A Petty is a director. No interest is to be charged and no repayment terms have been agreed.
Included in the Other Creditors is an amount owed to KHP Country Homes Ltd totalling £80 (2023 - £80), for which Mr A Petty is a director. No interest is to be charged and no repayment terms have been agreed.
Included in the Other Debtors is an amount owed from the company director Mr A Petty totalling £68,800 (2023 - £5,022 Creditor), no interest is to be charged.
During the year rental income of £23,000 has been received from Kings Hill Properties Ltd, for which Mr A Petty is a director.
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