Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 24 August 2022 false 1 September 2023 31 August 2024 31 August 2024 14316798 Mr Jayakrishna Limaye Kashinath iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14316798 2023-08-31 14316798 2024-08-31 14316798 2023-09-01 2024-08-31 14316798 frs-core:CurrentFinancialInstruments 2024-08-31 14316798 frs-core:Non-currentFinancialInstruments 2024-08-31 14316798 frs-core:ShareCapital 2024-08-31 14316798 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 14316798 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14316798 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 14316798 frs-bus:SmallEntities 2023-09-01 2024-08-31 14316798 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14316798 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 14316798 frs-bus:Director1 2023-09-01 2024-08-31 14316798 frs-countries:EnglandWales 2023-09-01 2024-08-31 14316798 2022-08-23 14316798 2023-08-31 14316798 2022-08-24 2023-08-31 14316798 frs-core:CurrentFinancialInstruments 2023-08-31 14316798 frs-core:Non-currentFinancialInstruments 2023-08-31 14316798 frs-core:ShareCapital 2023-08-31 14316798 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 14316798
Mangal Kashinath Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Adroit Accountax Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14316798
31 August 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 378,414 378,414
378,414 378,414
CURRENT ASSETS
Debtors 5 1,558 2,946
Cash at bank and in hand 5,143 2,669
6,701 5,615
Creditors: Amounts Falling Due Within One Year 6 (51,479 ) (51,403 )
NET CURRENT ASSETS (LIABILITIES) (44,778 ) (45,788 )
TOTAL ASSETS LESS CURRENT LIABILITIES 333,636 332,626
Creditors: Amounts Falling Due After More Than One Year 7 (333,310 ) (333,310 )
NET ASSETS/(LIABILITIES) 326 (684 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 325 (685 )
SHAREHOLDERS' FUNDS 326 (684)
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 Jayakrishna Limaye Kashinath
Director
22/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Mangal Kashinath Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14316798 . The registered office is 35a Almond Avenue, Newbury, RG14 1LX.
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. Significant judgements and estimations
Investment property valuations
The company carries investment properties at fair value. The determination of fair value requires the use of estimates and assumptions in relation to factors such as future lease income, current market rental yields and, to the extend possible reference to market evidence of transaction prices for similar properties.
2.3. Turnover
Revenue, described as Turnover, represents rents and commission receivable.
2.4. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognized at cost, which includes the purchase cost and directly attributable expenditures. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognized in profit and loss. 
No depreciation is provided in respect to the investment properties applying the fair value model.
2.5. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 1 (2023: NIL)
1 -
4. Investment Property
31 August 2024
£
Fair Value
As at 1 September 2023 and 31 August 2024 378,414
Page 2
Page 3
5. Debtors
31 August 2024 31 August 2023
£ £
Due within one year
Other debtors - 1,388
Due after more than one year
Other debtors 1,558 1,558
1,558 2,946
6. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 August 2023
£ £
Other creditors 51,403 51,403
Taxation and social security 76 -
51,479 51,403
7. Creditors: Amounts Falling Due After More Than One Year
31 August 2024 31 August 2023
£ £
Bank loans 174,852 174,852
Amounts owed to participating interests 156,900 156,900
Other creditors 1,558 1,558
333,310 333,310
8. Secured Creditors
Of the creditors the following amounts are secured by the fixed and floating charge over the assets of the company.
31 August 2024 31 August 2023
£ £
Bank loans and overdrafts - 174,852
9. Share Capital
31 August 2024 31 August 2023
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
Including in other creditors is a loan from the company under common control of £156,900. 
Including in other creditors is a loan from the director of £50,575.
The loans are interests free, repayable on demand.
Page 3