Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 13 July 2022 false 1 August 2023 31 July 2024 31 July 2024 14233005 Mr Kwok Kee Cheung Mr Kwok Chun Cheung Mr Kwok Ho Cheung iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14233005 2023-07-31 14233005 2024-07-31 14233005 2023-08-01 2024-07-31 14233005 frs-core:CurrentFinancialInstruments 2024-07-31 14233005 frs-core:Non-currentFinancialInstruments 2024-07-31 14233005 frs-core:InvestmentPropertyIncludedWithinPPE 2024-07-31 14233005 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-01 2024-07-31 14233005 frs-core:InvestmentPropertyIncludedWithinPPE 2023-07-31 14233005 frs-core:ShareCapital 2024-07-31 14233005 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 14233005 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14233005 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 14233005 frs-bus:SmallEntities 2023-08-01 2024-07-31 14233005 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 14233005 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 14233005 frs-bus:Director1 2023-08-01 2024-07-31 14233005 frs-bus:Director2 2023-08-01 2024-07-31 14233005 frs-bus:Director3 2023-08-01 2024-07-31 14233005 frs-countries:EnglandWales 2023-08-01 2024-07-31 14233005 2022-07-12 14233005 2023-07-31 14233005 2022-07-13 2023-07-31 14233005 frs-core:CurrentFinancialInstruments 2023-07-31 14233005 frs-core:Non-currentFinancialInstruments 2023-07-31 14233005 frs-core:ShareCapital 2023-07-31 14233005 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 14233005
HKC Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14233005
31 July 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,032,353 332,000
1,032,353 332,000
CURRENT ASSETS
Debtors 5 777 400
Cash at bank and in hand 150,240 14,051
151,017 14,451
Creditors: Amounts Falling Due Within One Year 6 (670,868 ) (165,787 )
NET CURRENT ASSETS (LIABILITIES) (519,851 ) (151,336 )
TOTAL ASSETS LESS CURRENT LIABILITIES 512,502 180,664
Creditors: Amounts Falling Due After More Than One Year 7 (505,367 ) (154,465 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (808 ) (4,902 )
NET ASSETS 6,327 21,297
CAPITAL AND RESERVES
Called up share capital 9 400 400
Profit and Loss Account 5,927 20,897
SHAREHOLDERS' FUNDS 6,327 21,297
Page 1
Page 2
For the year ending 31 July 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 Kwok Kee Cheung
Director
05/02/2025
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
HKC Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14233005 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
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, excluding discounts, rebates, value added tax or other similar sales taxes.
2.3. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
Changes in fair value are recognised in the profit and loss account.
2.4. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.5. 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: 4 (2023: 4)
4 4
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 August 2023 332,000
Additions 726,683
Revaluation (26,330 )
As at 31 July 2024 1,032,353
Net Book Value
As at 31 July 2024 1,032,353
As at 1 August 2023 332,000
5. Debtors
31 July 2024 31 July 2023
£ £
Due within one year
Other debtors 777 400
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 July 2023
£ £
Corporation tax 582 -
Other creditors 4,375 4,375
Accruals and deferred income 3,208 2,917
Directors' loan accounts 662,703 158,495
670,868 165,787
7. Creditors: Amounts Falling Due After More Than One Year
31 July 2024 31 July 2023
£ £
Bank loans 505,367 154,465
8. Secured Creditors
Of the creditors falling due after more than one year the following amount is secured by a fixed charge over the investment properties. The mortgages are interest only with a term of 25 years.
31 July 2024 31 July 2023
£ £
Bank loans and overdrafts 505,367 154,465
9. Share Capital
31 July 2024 31 July 2023
£ £
Allotted, Called up and fully paid 400 400
Page 4