Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 14012587 Dr Konstantinos Tsitskaris Mrs Nathmya Safarini iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14012587 2024-03-31 14012587 2025-03-31 14012587 2024-04-01 2025-03-31 14012587 frs-core:CurrentFinancialInstruments 2025-03-31 14012587 frs-core:Non-currentFinancialInstruments 2025-03-31 14012587 frs-core:InvestmentPropertyIncludedWithinPPE 2025-03-31 14012587 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 14012587 frs-core:ShareCapital 2025-03-31 14012587 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 14012587 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14012587 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 14012587 frs-bus:SmallEntities 2024-04-01 2025-03-31 14012587 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 14012587 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 14012587 frs-bus:Director1 2024-04-01 2025-03-31 14012587 frs-bus:Director2 2024-04-01 2025-03-31 14012587 frs-countries:EnglandWales 2024-04-01 2025-03-31 14012587 2023-03-31 14012587 2024-03-31 14012587 2023-04-01 2024-03-31 14012587 frs-core:CurrentFinancialInstruments 2024-03-31 14012587 frs-core:Non-currentFinancialInstruments 2024-03-31 14012587 frs-core:ShareCapital 2024-03-31 14012587 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 14012587
KTN Portfolio Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of KTN Portfolio Ltd for the year ended 31 March 2025
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of KTN Portfolio Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of KTN Portfolio Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of KTN Portfolio Ltd and state those matters that we have agreed to state to the directors of KTN Portfolio Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KTN Portfolio Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that KTN Portfolio Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of KTN Portfolio Ltd . You consider that KTN Portfolio Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of KTN Portfolio Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Anderson Ross Accounting & Tax Ltd
23 May 2025
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Page 1
Page 2
Balance Sheet
Registered number: 14012587
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 424,511 424,511
424,511 424,511
CURRENT ASSETS
Cash at bank and in hand 5,032 6,092
5,032 6,092
Creditors: Amounts Falling Due Within One Year 5 (2,547 ) (2,507 )
NET CURRENT ASSETS (LIABILITIES) 2,485 3,585
TOTAL ASSETS LESS CURRENT LIABILITIES 426,996 428,096
Creditors: Amounts Falling Due After More Than One Year 6 (438,000 ) (441,995 )
NET LIABILITIES (11,004 ) (13,899 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (11,104 ) (13,999 )
SHAREHOLDERS' FUNDS (11,004) (13,899)
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For the year ending 31 March 2025 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
Dr Konstantinos Tsitskaris
Director
23 May 2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
KTN Portfolio Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14012587 . The registered office is G-05 Davenport House, 16 Pepper Street, London, , E14 9RP.
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 property rentals. 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:
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Investment Properties
£
Cost
As at 1 April 2024 424,511
As at 31 March 2025 424,511
Net Book Value
As at 31 March 2025 424,511
As at 1 April 2024 424,511
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5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Accruals and deferred income 1,200 1,200
Directors' loan accounts 1,347 1,307
2,547 2,507
6. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 238,000 261,995
Other creditors 200,000 180,000
438,000 441,995
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Included in creditors falling due within one year is an amount of £1,347 (2024: £1,307) payable to the directors. The loan is interest free.
Included in creditors falling due after more than one year is an amount of £200,000 payable to KTN Consultants Ltd, a company with common directors. The interest of 3% is agreed between both parties.
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