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Registered number: 12042388
Kenzoku Holdings Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Steve Pye & Co.
Chartered Certified Accountants
Unit 10 Aylsham Business Park
Richard Oakes Road
Aylsham
Norfolk
NR11 6FD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12042388
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,943 15,959
Investment Properties 5 5,496,286 4,860,095
Investments 6 1 1
5,519,230 4,876,055
CURRENT ASSETS
Debtors 7 207,899 371,136
Cash at bank and in hand 11,358 16,892
219,257 388,028
Creditors: Amounts Falling Due Within One Year 8 (929,653 ) (2,493,647 )
NET CURRENT ASSETS (LIABILITIES) (710,396 ) (2,105,619 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,808,834 2,770,436
Creditors: Amounts Falling Due After More Than One Year 9 (3,881,507 ) (1,469,015 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (240,723 ) (341,034 )
NET ASSETS 686,604 960,387
CAPITAL AND RESERVES
Called up share capital 11 2 2
Fair value reserve 12 955,810 1,056,067
Profit and Loss Account (269,208 ) (95,682 )
SHAREHOLDERS' FUNDS 686,604 960,387
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Page 2
For the year 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
Mr D J Cosford
Director
Mr N Thompson
Director
21 March 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kenzoku Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12042388 . The registered office is 177 Salhouse Road, Norwich, Norfolk, NR7 9AQ.  The presentation currency of the financial statements is the Pound Sterling (£).
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.
2.3. 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% on reducing balance
2.4. 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.
2.5. Financial Instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
d) Trade and other creditors
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost or Valuation
As at 1 July 2023 29,389
Additions 14,633
As at 30 June 2024 44,022
Depreciation
As at 1 July 2023 13,430
Provided during the period 7,649
As at 30 June 2024 21,079
Net Book Value
As at 30 June 2024 22,943
As at 1 July 2023 15,959
Page 4
Page 5
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 4,860,095
Additions 839,867
Disposals (70,000 )
Fair value adjustments (133,676 )
As at 30 June 2024 5,496,286
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 4,281,779 3,511,913
6. Investments
Associates
£
Cost
As at 1 July 2023 1
As at 30 June 2024 1
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 1
As at 1 July 2023 1
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 6,523
Prepayments and accrued income - 560
Other debtors 6,796 6,796
Amounts owed by associates 201,103 357,257
207,899 371,136
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 2,847
Bank loans and overdrafts 5,556 5,556
Other loans 503,150 2,165,150
Accruals and deferred income 1,638 1,596
Directors' loan accounts 63,920 58,155
Amounts owed to associates 355,389 260,343
929,653 2,493,647
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,806,507 1,469,015
Other loans 1,075,000 -
3,881,507 1,469,015
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 2,784,285 1,446,792
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 2,779,192 1,436,144
Other Creditors 1,210,000 1,631,550
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
12. Reserves
Fair Value Reserve
£
As at 1 July 2023 1,056,067
Transfer to profit and loss (100,257 )
As at 30 June 2024 955,810
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