Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 00694028 Mr David Hatcher Mr Mark Hatcher Mrs Ranju Hatcher Mrs Ranju Hatcher false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00694028 2023-04-30 00694028 2024-04-30 00694028 2023-05-01 2024-04-30 00694028 frs-core:CurrentFinancialInstruments 2024-04-30 00694028 frs-core:ComputerEquipment 2024-04-30 00694028 frs-core:ComputerEquipment 2023-05-01 2024-04-30 00694028 frs-core:ComputerEquipment 2023-04-30 00694028 frs-core:FurnitureFittings 2024-04-30 00694028 frs-core:FurnitureFittings 2023-05-01 2024-04-30 00694028 frs-core:FurnitureFittings 2023-04-30 00694028 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-30 00694028 frs-core:InvestmentPropertyIncludedWithinPPE 2023-05-01 2024-04-30 00694028 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-30 00694028 frs-core:ShareCapital 2024-04-30 00694028 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 00694028 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 00694028 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 00694028 frs-bus:SmallEntities 2023-05-01 2024-04-30 00694028 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 00694028 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 00694028 1 2023-05-01 2024-04-30 00694028 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-05-01 2024-04-30 00694028 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-30 00694028 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-30 00694028 frs-bus:Director1 2023-05-01 2024-04-30 00694028 frs-bus:Director2 2023-05-01 2024-04-30 00694028 frs-bus:Director3 2023-05-01 2024-04-30 00694028 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 00694028 frs-core:CurrentFinancialInstruments 1 2024-04-30 00694028 frs-core:CurrentFinancialInstruments 2 2024-04-30 00694028 frs-countries:EnglandWales 2023-05-01 2024-04-30 00694028 2022-04-30 00694028 2023-04-30 00694028 2022-05-01 2023-04-30 00694028 frs-core:CurrentFinancialInstruments 2023-04-30 00694028 frs-core:ShareCapital 2023-04-30 00694028 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 00694028 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-30 00694028 frs-core:CurrentFinancialInstruments 1 2023-04-30 00694028 frs-core:CurrentFinancialInstruments 2 2023-04-30
Registered number: 00694028
Keralia Properties Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00694028
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,275,001 1,190,001
1,275,001 1,190,001
CURRENT ASSETS
Stocks 5 535,707 535,707
Debtors 6 6,140 75
Cash at bank and in hand 749,213 706,769
1,291,060 1,242,551
Creditors: Amounts Falling Due Within One Year 7 (998,661 ) (1,046,216 )
NET CURRENT ASSETS (LIABILITIES) 292,399 196,335
TOTAL ASSETS LESS CURRENT LIABILITIES 1,567,400 1,386,336
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (170,545 ) (149,295 )
NET ASSETS 1,396,855 1,237,041
CAPITAL AND RESERVES
Called up share capital 9 60 60
Fair value reserve 12 511,636 447,886
Profit and Loss Account 885,159 789,095
SHAREHOLDERS' FUNDS 1,396,855 1,237,041
Page 1
Page 2
For the year ending 30 April 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
Mr David Hatcher
Director
21/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Keralia Properties Limited Registered number 00694028 is a limited by shares company incorporated in England & Wales. The Registered Office is C/O CHF, First Floor, 139 Marvels Lane, London, SE12 9PP.
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 comprises rental income and proceeds from the sale of properties net of value added tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Fixtures & Fittings Over 5 years
Computer Equipment Over 3 years
2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value rcognised in profit or loss.
2.5. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less cost to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 May 2023 1,190,000 20,608 900 1,211,508
Revaluation 85,000 - - 85,000
As at 30 April 2024 1,275,000 20,608 900 1,296,508
Depreciation
As at 1 May 2023 - 20,607 900 21,507
As at 30 April 2024 - 20,607 900 21,507
Net Book Value
As at 30 April 2024 1,275,000 1 - 1,275,001
As at 1 May 2023 1,190,000 1 - 1,190,001
The investment properties are shown at their revalued amounts. If the investment properties had not been revalued they would have been included at their historical cost of £592,819 (2023: £592,819). The investment properties were valued on a fair value basis on 30 April 2024 by the directors.
5. Stocks
2024 2023
£ £
Stock 535,707 535,707
This consists of stock of properties being developed for resale.
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 6,140 75
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 24,229 145,785
VAT 25 25
Other creditors 10,529 8,867
Tristan Investments Limited 677,416 649,416
Hatcher Brothers Limited 196,812 136,312
Accruals and deferred income 4,650 10,811
Directors' loan accounts 85,000 95,000
998,661 1,046,216
Page 4
Page 5
8. Deferred Taxation
The provision for deferred taxation is made up of the fair value gains on investment properties.
2024 2023
£ £
Other timing differences 170,545 149,295
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 60 60
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr David Hatcher - 69
Mr Mark Hatcher - 2,000
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid - 4,138
12. Reserves
Fair Value Reserve
£
As at 1 May 2023 447,886
Movements in fair value reserve 85,000
Transfer to profit and loss (21,250 )
As at 30 April 2024 511,636
13. Controlling Party
The ultimate controlling party is David Hatcher.
Page 5