Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10661343 G R Kanner A Kanner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10661343 2023-03-31 10661343 2024-03-31 10661343 2023-04-01 2024-03-31 10661343 frs-core:ShareCapital 2024-03-31 10661343 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10661343 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10661343 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 10661343 frs-bus:SmallEntities 2023-04-01 2024-03-31 10661343 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10661343 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10661343 frs-bus:Director1 2023-04-01 2024-03-31 10661343 frs-bus:Director2 2023-04-01 2024-03-31 10661343 frs-countries:EnglandWales 2023-04-01 2024-03-31 10661343 2022-03-31 10661343 2023-03-31 10661343 2022-04-01 2023-03-31 10661343 frs-core:ShareCapital 2023-03-31 10661343 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10661343
Rennak Properties Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: 10661343
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,735,023 1,735,023
1,735,023 1,735,023
CURRENT ASSETS
Cash at bank and in hand 2,547 61
2,547 61
Creditors: Amounts Falling Due Within One Year (1,736,826 ) (1,796,150 )
NET CURRENT ASSETS (LIABILITIES) (1,734,279 ) (1,796,089 )
TOTAL ASSETS LESS CURRENT LIABILITIES 744 (61,066 )
NET ASSETS/(LIABILITIES) 744 (61,066 )
CAPITAL AND RESERVES
Called up share capital 5 4 4
Profit and Loss Account 740 (61,070 )
SHAREHOLDERS' FUNDS 744 (61,066)
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 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.
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
A Kanner
Director
23/12/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Rennak Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10661343 . The registered office is 52 Grafton Road, London, NW5 3DY.
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 represents rents receivable.
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: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 1,735,023
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 1,735,023 1,735,023
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
6. Related Party Transactions
At the balance sheet date the company owed £1,735,214  (2023:£1,787,514) to LK&A Enterprises Ltd, a company controlled by family members of A Kanner (Director).
Page 3