Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13086698 Mr Mark Kiddy Miss Louise Kettleborough iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13086698 2023-12-31 13086698 2024-12-31 13086698 2024-01-01 2024-12-31 13086698 frs-core:CurrentFinancialInstruments 2024-12-31 13086698 frs-core:Non-currentFinancialInstruments 2024-12-31 13086698 frs-core:ComputerEquipment 2024-12-31 13086698 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13086698 frs-core:ComputerEquipment 2023-12-31 13086698 frs-core:InvestmentPropertyIncludedWithinPPE 2024-12-31 13086698 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-01 2024-12-31 13086698 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 13086698 frs-core:ShareCapital 2024-12-31 13086698 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13086698 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13086698 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13086698 frs-bus:SmallEntities 2024-01-01 2024-12-31 13086698 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13086698 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13086698 frs-bus:Director1 2024-01-01 2024-12-31 13086698 frs-bus:Director2 2024-01-01 2024-12-31 13086698 frs-countries:EnglandWales 2024-01-01 2024-12-31 13086698 2022-12-31 13086698 2023-12-31 13086698 2023-01-01 2023-12-31 13086698 frs-core:CurrentFinancialInstruments 2023-12-31 13086698 frs-core:Non-currentFinancialInstruments 2023-12-31 13086698 frs-core:ShareCapital 2023-12-31 13086698 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13086698
Mk & Mk Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13086698
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 390,000 339,738
390,000 339,738
CURRENT ASSETS
Debtors 5 100 100
Cash at bank and in hand 11,408 4,971
11,508 5,071
Creditors: Amounts Falling Due Within One Year 6 (132,105 ) (238,293 )
NET CURRENT ASSETS (LIABILITIES) (120,597 ) (233,222 )
TOTAL ASSETS LESS CURRENT LIABILITIES 269,403 106,516
Creditors: Amounts Falling Due After More Than One Year 7 (277,723 ) (123,635 )
NET LIABILITIES (8,320 ) (17,119 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (8,420 ) (17,219 )
SHAREHOLDERS' FUNDS (8,320) (17,119)
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
Miss Louise Kettleborough
Director
09/04/2025
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
Mk & Mk Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13086698 . The registered office is 5 Park Hill Gardens, Sheffield, S26 4WL.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.3. 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.
2.4. 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:
Computer Equipment 25% Straight line
2.5. 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.
2.6. 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:
2024 2023
Office and administration 2 3
2 3
Page 3
Page 4
4. Tangible Assets
Investment Properties Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 January 2024 339,672 267 339,939
Additions 19,682 - 19,682
Revaluation 30,646 - 30,646
As at 31 December 2024 390,000 267 390,267
Depreciation
As at 1 January 2024 - 201 201
Provided during the period - 66 66
As at 31 December 2024 - 267 267
Net Book Value
As at 31 December 2024 390,000 - 390,000
As at 1 January 2024 339,672 66 339,738
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 100 100
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 431
Other taxes and social security 159 199
Other creditors 1,949 1,656
Accruals and deferred income 1,404 990
Directors' loan accounts 128,593 235,017
132,105 238,293
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 277,723 123,635
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 terms of up to 25 years.
2024 2023
£ £
Bank loans and overdrafts 277,723 123,635
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5