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 11819793 Mr Stephen Hodge Mrs Susan Hodge iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11819793 2023-02-28 11819793 2024-02-29 11819793 2023-03-01 2024-02-29 11819793 frs-core:CurrentFinancialInstruments 2024-02-29 11819793 frs-core:Non-currentFinancialInstruments 2024-02-29 11819793 frs-core:ShareCapital 2024-02-29 11819793 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11819793 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11819793 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11819793 frs-bus:SmallEntities 2023-03-01 2024-02-29 11819793 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11819793 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11819793 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-29 11819793 frs-bus:OrdinaryShareClass1 2024-02-29 11819793 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-01 2024-02-29 11819793 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-29 11819793 frs-bus:Director1 2023-03-01 2024-02-29 11819793 frs-bus:Director2 2023-03-01 2024-02-29 11819793 frs-countries:EnglandWales 2023-03-01 2024-02-29 11819793 2022-02-28 11819793 2023-02-28 11819793 2022-03-01 2023-02-28 11819793 frs-core:CurrentFinancialInstruments 2023-02-28 11819793 frs-core:Non-currentFinancialInstruments 2023-02-28 11819793 frs-core:ShareCapital 2023-02-28 11819793 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 11819793 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28 11819793 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-28
Registered number: 11819793
Kilrenny Properties Limited
Financial Statements
For The Year Ended 29 February 2024
Fruition Accountancy Limited
Unit 4 Three Spires House, Station Road
Lichfield
WS13 6HX
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11819793
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 4,655,000 444,690
4,655,000 444,690
CURRENT ASSETS
Cash at bank and in hand 63,148 7,380
63,148 7,380
Creditors: Amounts Falling Due Within One Year 5 (56,564 ) (169,057 )
NET CURRENT ASSETS (LIABILITIES) 6,584 (161,677 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,661,584 283,013
Creditors: Amounts Falling Due After More Than One Year 6 (2,222,165 ) (294,045 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (66,950 ) -
NET ASSETS/(LIABILITIES) 2,372,469 (11,032 )
CAPITAL AND RESERVES
Called up share capital 8 2,136,210 100
Fair value reserve 9 200,850 -
Profit and Loss Account 35,409 (11,132 )
SHAREHOLDERS' FUNDS 2,372,469 (11,032)
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
Mrs Susan Hodge
Director
29th November 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
Kilrenny Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11819793 . The registered office is 82 Wychwood Avenue, Knowle, Solihull, B93 9DQ.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 2)
- 2
4. Investment Property
2024
£
Fair Value
As at 1 March 2023 444,690
Additions 3,942,510
Revaluations 275,089
Fair value adjustments (7,289 )
As at 29 February 2024 4,655,000
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to participating interests - 141,496
Other creditors 45,827 27,561
Taxation and social security 10,737 -
56,564 169,057
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,222,165 294,045
2,222,165 294,045
7. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 222,165 294,045
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2,136,210 Ordinary Shares of £ 1.00 each 2,136,210 100
Shares issued during the period: £
2,136,110 Ordinary Shares of £ 1.00 each 2,136,110
9. Reserves
Fair Value Reserve
£
Transfer to profit and loss 200,850
As at 29 February 2024 200,850
10. Related Party Transactions
The company owed the directors £32,806 (2023: £23,870) as at the balance sheet date.
Page 4