Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11871399 Mrs J B Kumar Dr R Kumar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11871399 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-03-31 11871399 2023-03-31 11871399 2024-03-31 11871399 2023-04-01 2024-03-31 11871399 frs-core:CurrentFinancialInstruments 2024-03-31 11871399 frs-core:Non-currentFinancialInstruments 2024-03-31 11871399 frs-core:ComputerEquipment 2024-03-31 11871399 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11871399 frs-core:ComputerEquipment 2023-03-31 11871399 frs-core:FurnitureFittings 2024-03-31 11871399 frs-core:FurnitureFittings 2023-04-01 2024-03-31 11871399 frs-core:FurnitureFittings 2023-03-31 11871399 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 11871399 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11871399 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 11871399 frs-core:ShareCapital 2024-03-31 11871399 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11871399 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11871399 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11871399 frs-bus:SmallEntities 2023-04-01 2024-03-31 11871399 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11871399 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11871399 frs-bus:Director1 2023-04-01 2024-03-31 11871399 frs-bus:Director2 2023-04-01 2024-03-31 11871399 frs-countries:EnglandWales 2023-04-01 2024-03-31 11871399 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-03-31 11871399 2022-03-31 11871399 2023-03-31 11871399 2022-04-01 2023-03-31 11871399 frs-core:CurrentFinancialInstruments 2023-03-31 11871399 frs-core:Non-currentFinancialInstruments 2023-03-31 11871399 frs-core:ShareCapital 2023-03-31 11871399 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11871399
KLE Property Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11871399
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 994,381 314,430
994,381 314,430
CURRENT ASSETS
Debtors 5 29,613 14,914
Cash at bank and in hand 32,650 17,729
62,263 32,643
Creditors: Amounts Falling Due Within One Year 6 (4,719 ) (6,063 )
NET CURRENT ASSETS (LIABILITIES) 57,544 26,580
TOTAL ASSETS LESS CURRENT LIABILITIES 1,051,925 341,010
Creditors: Amounts Falling Due After More Than One Year 7 (1,151,113 ) (392,956 )
NET LIABILITIES (99,188 ) (51,946 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (99,288 ) (52,046 )
SHAREHOLDERS' FUNDS (99,188) (51,946)
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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 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
Dr R Kumar
Director
13 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
KLE Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11871399 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Going Concern Disclosure
After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the accounts.
2.3. 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.
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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 property 2% Straight Line
Fixtures and fittings 20% Reducing Balance
Computer equipment 33.33% Straight Line
2.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Land & Property
Freehold property Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
As at 1 April 2023 321,914 38,044 1,048 361,006
Additions 704,398 - - 704,398
As at 31 March 2024 1,026,312 38,044 1,048 1,065,404
Depreciation
As at 1 April 2023 25,753 20,184 639 46,576
Provided during the period 20,526 3,572 349 24,447
As at 31 March 2024 46,279 23,756 988 71,023
Net Book Value
As at 31 March 2024 980,033 14,288 60 994,381
As at 1 April 2023 296,161 17,860 409 314,430
5. Debtors
2024 2023
£ £
Due within one year
Deferred tax current asset 29,613 14,914
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Accruals and deferred income 2,051 3,030
Directors' loan accounts 2,668 3,032
4,719 6,063
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 516,749 -
Amounts owed to related parties 634,364 392,956
1,151,113 392,956
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 519,749 -
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8. Secured Creditors
One fixed charge taken out in 2023 is held over the long term liability and is secured against the assets to which they relate.
2024 2023
£ £
Bank loans and overdrafts 516,749 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
11. Related Party Transactions
The following related party transactions were undertaken during the period:
The directors introduced amounts totalling £Nil (2023: £2,098) and withdrew amounts totalling £364 (2023: £1,163). At the balance sheet date, the directors were owed £2,669 from the company (2023: £3,033).
During the period, a company under common control provided loans totalling £243,020 (2023: £Nil) and amounts of £1,624 (2023: £Nil) were repaid. At the balance sheet date, the amount payable to the company totalled £634,352 (2023:£392,956).
No dividends were paid to the directors in respect of their shareholdings.
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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