Acorah Software Products - Accounts Production 16.1.300 false true false 22 June 2023 30 June 2024 30 June 2024 14952403 Mrs Meera Dhanani Mr Kunal Shah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14952403 2023-06-21 14952403 2024-06-30 14952403 2023-06-22 2024-06-30 14952403 frs-core:Non-currentFinancialInstruments 2024-06-30 14952403 frs-core:NetGoodwill 2024-06-30 14952403 frs-core:NetGoodwill 2023-06-22 2024-06-30 14952403 frs-core:NetGoodwill 2023-06-21 14952403 frs-core:PlantMachinery 2024-06-30 14952403 frs-core:PlantMachinery 2023-06-22 2024-06-30 14952403 frs-core:PlantMachinery 2023-06-21 14952403 frs-core:ShareCapital 2024-06-30 14952403 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14952403 frs-bus:PrivateLimitedCompanyLtd 2023-06-22 2024-06-30 14952403 frs-bus:FilletedAccounts 2023-06-22 2024-06-30 14952403 frs-bus:SmallEntities 2023-06-22 2024-06-30 14952403 frs-bus:AuditExempt-NoAccountantsReport 2023-06-22 2024-06-30 14952403 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-22 2024-06-30 14952403 frs-bus:Director1 2023-06-22 2024-06-30 14952403 frs-bus:Director2 2023-06-22 2024-06-30 14952403 frs-countries:EnglandWales 2023-06-22 2024-06-30
Registered number: 14952403
Katherine Place Limited
Unaudited Financial Statements
For the Period 22 June 2023 to 30 June 2024
MITCHELLS CHARTERED ACCOUNTANTS AND CONSULTANTS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14952403
30 June 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 1,505,000
Tangible Assets 5 19,583
1,524,583
CURRENT ASSETS
Cash at bank and in hand 26,041
26,041
Creditors: Amounts Falling Due Within One Year 6 (645,222 )
NET CURRENT ASSETS (LIABILITIES) (619,181 )
TOTAL ASSETS LESS CURRENT LIABILITIES 905,402
Creditors: Amounts Falling Due After More Than One Year 7 (900,000 )
NET ASSETS 5,402
CAPITAL AND RESERVES
Called up share capital 8 90
Profit and Loss Account 5,312
SHAREHOLDERS' FUNDS 5,402
Page 1
Page 2
For the period ending 30 June 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 Meera Dhanani
Director
18/03/2025
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
Katherine Place Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14952403 . The registered office is 18 Hazelbury Avenue, Abbots Langley, Hertfordshire, WD5 0DF.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Plant & Machinery 25% at Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3
3
4. Intangible Assets
Goodwill
£
Cost
As at 22 June 2023 -
Additions 1,505,000
As at 30 June 2024 1,505,000
Net Book Value
As at 30 June 2024 1,505,000
As at 22 June 2023 -
Page 3
Page 4
5. Tangible Assets
Plant & Machinery
£
Cost
As at 22 June 2023 -
Additions 20,000
As at 30 June 2024 20,000
Depreciation
As at 22 June 2023 -
Provided during the period 417
As at 30 June 2024 417
Net Book Value
As at 30 June 2024 19,583
As at 22 June 2023 -
6. Creditors: Amounts Falling Due Within One Year
30 June 2024
£
Other creditors 645,222
7. Creditors: Amounts Falling Due After More Than One Year
30 June 2024
£
Bank loans 900,000
8. Share Capital
30 June 2024
£
Allotted, Called up and fully paid 90
Page 4