Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11468724 Mr Martin Stainton Mr Mishal Binhethlain Centrum Secretaries Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11468724 2023-12-31 11468724 2024-12-31 11468724 2024-01-01 2024-12-31 11468724 frs-core:CurrentFinancialInstruments 2024-12-31 11468724 frs-core:Non-currentFinancialInstruments 2024-12-31 11468724 frs-core:ShareCapital 2024-12-31 11468724 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11468724 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11468724 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11468724 frs-bus:SmallEntities 2024-01-01 2024-12-31 11468724 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11468724 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11468724 frs-bus:Director1 2024-01-01 2024-12-31 11468724 frs-bus:Director2 2024-01-01 2024-12-31 11468724 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 11468724 frs-countries:EnglandWales 2024-01-01 2024-12-31 11468724 2022-12-31 11468724 2023-12-31 11468724 2023-01-01 2023-12-31 11468724 frs-core:CurrentFinancialInstruments 2023-12-31 11468724 frs-core:Non-currentFinancialInstruments 2023-12-31 11468724 frs-core:ShareCapital 2023-12-31 11468724 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11468724
Karam Three Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Centrum Chartered Certified Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11468724
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,834,051 1,834,051
1,834,051 1,834,051
CURRENT ASSETS
Debtors 5 1,084 326
Cash at bank and in hand 4,572 14,600
5,656 14,926
Creditors: Amounts Falling Due Within One Year 6 (1,531,881 ) (1,432,619 )
NET CURRENT ASSETS (LIABILITIES) (1,526,225 ) (1,417,693 )
TOTAL ASSETS LESS CURRENT LIABILITIES 307,826 416,358
Creditors: Amounts Falling Due After More Than One Year 7 (316,100 ) (413,300 )
NET (LIABILITIES)/ASSETS (8,274 ) 3,058
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (8,374 ) 2,958
SHAREHOLDERS' FUNDS (8,274) 3,058
Page 1
Page 2
For the year ending 31 December 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 Martin Stainton
Director
17/03/2025
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
Karam Three Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11468724 . The registered office is Elscot House, Arcadia Avenue, London, N3 2JU.
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: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 1,834,051
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,084 326
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 97,200 97,200
Other creditors 1,434,681 1,335,419
1,531,881 1,432,619
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 316,100 413,300
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4