Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10907315 Mr Anthony Petty iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10907315 2023-08-31 10907315 2024-08-31 10907315 2023-09-01 2024-08-31 10907315 frs-core:CurrentFinancialInstruments 2024-08-31 10907315 frs-core:Non-currentFinancialInstruments 2024-08-31 10907315 frs-core:ComputerEquipment 2024-08-31 10907315 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10907315 frs-core:ComputerEquipment 2023-08-31 10907315 frs-core:FurnitureFittings 2024-08-31 10907315 frs-core:FurnitureFittings 2023-09-01 2024-08-31 10907315 frs-core:FurnitureFittings 2023-08-31 10907315 frs-core:MotorVehicles 2024-08-31 10907315 frs-core:MotorVehicles 2023-09-01 2024-08-31 10907315 frs-core:MotorVehicles 2023-08-31 10907315 frs-core:PlantMachinery 2024-08-31 10907315 frs-core:PlantMachinery 2023-09-01 2024-08-31 10907315 frs-core:PlantMachinery 2023-08-31 10907315 frs-core:ShareCapital 2024-08-31 10907315 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10907315 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10907315 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10907315 frs-bus:SmallEntities 2023-09-01 2024-08-31 10907315 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10907315 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10907315 frs-bus:Director1 2023-09-01 2024-08-31 10907315 frs-core:CurrentFinancialInstruments 1 2024-08-31 10907315 frs-countries:EnglandWales 2023-09-01 2024-08-31 10907315 2022-08-31 10907315 2023-08-31 10907315 2022-09-01 2023-08-31 10907315 frs-core:CurrentFinancialInstruments 2023-08-31 10907315 frs-core:Non-currentFinancialInstruments 2023-08-31 10907315 frs-core:ShareCapital 2023-08-31 10907315 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 10907315 frs-core:CurrentFinancialInstruments 1 2023-08-31
Registered number: 10907315
KHP Country Homes Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10907315
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,655 29,768
24,655 29,768
CURRENT ASSETS
Debtors 5 93,974 94,804
Cash at bank and in hand 58 597
94,032 95,401
Creditors: Amounts Falling Due Within One Year 6 (103,076 ) (99,478 )
NET CURRENT ASSETS (LIABILITIES) (9,044 ) (4,077 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,611 25,691
Creditors: Amounts Falling Due After More Than One Year 7 (29,688 ) (33,854 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,164 ) (6,847 )
NET LIABILITIES (20,241 ) (15,010 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (20,341 ) (15,110 )
SHAREHOLDERS' FUNDS (20,241) (15,010)
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Anthony Petty
Director
24/05/2025
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
KHP Country Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10907315 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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. 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 15% WDV
Motor Vehicles 15% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.3. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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)
- -
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 17,500 9,832 46,229 6,250 79,811
As at 31 August 2024 17,500 9,832 46,229 6,250 79,811
Depreciation
As at 1 September 2023 13,347 7,499 25,720 3,477 50,043
Provided during the period 1,038 583 3,076 416 5,113
As at 31 August 2024 14,385 8,082 28,796 3,893 55,156
Net Book Value
As at 31 August 2024 3,115 1,750 17,433 2,357 24,655
As at 1 September 2023 4,153 2,333 20,509 2,773 29,768
5. Debtors
2024 2023
£ £
Due within one year
Intercompany Loan 79,049 79,049
Director's loan account 14,925 15,755
93,974 94,804
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 480 482
Bank loans and overdrafts 6,250 6,250
VAT 14,144 14,144
Intercompany Loans 82,202 78,602
103,076 99,478
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 29,688 33,854
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Included in the other debtors is an amount of £14,925 (2023 - £15,755), owed by the directors Mr A Petty. Further to this, the following amounts are owed by each company, all of which are under the control of directors Mr A Petty.
- KHP PLC - £122 (2023 - £122)
- KHP Residential Ltd - £196 (2023 - £196)
- KHP Country Ltd - £152 (2023 - £152)
- Hollandbury Park Ltd - £160 (2023 - £160)
- KHP Marden Ltd - £80 (2023 - £80)
- Kings Hill Lettings Ltd - £146 (2023 - £146)
- KHP Snodland - £50,116 (2023 - £50,116)
- Invicta Lettings Ltd - £80 (2023 - £80)
- Kings Hill Properties (South East) Ltd - £27,997 (2023 - £27,997)
Included in the other creditors is an amount of £72,122 (2023 - £82,202) owed to Kings Hill Properties Ltd, a company under the control of directors Mr A Petty.
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