Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 11948810 Mr K Georgiou Mrs L Georgiou iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11948810 2023-09-30 11948810 2024-09-30 11948810 2023-10-01 2024-09-30 11948810 frs-core:CurrentFinancialInstruments 2024-09-30 11948810 frs-core:Non-currentFinancialInstruments 2024-09-30 11948810 frs-core:ComputerEquipment 2024-09-30 11948810 frs-core:ComputerEquipment 2023-10-01 2024-09-30 11948810 frs-core:ComputerEquipment 2023-09-30 11948810 frs-core:ShareCapital 2024-09-30 11948810 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 11948810 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11948810 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 11948810 frs-bus:SmallEntities 2023-10-01 2024-09-30 11948810 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11948810 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11948810 frs-core:CostValuation 2023-09-30 11948810 frs-core:AdditionsToInvestments 2024-09-30 11948810 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-09-30 11948810 frs-core:CostValuation 2024-09-30 11948810 frs-core:ProvisionsForImpairmentInvestments 2023-09-30 11948810 frs-core:ProvisionsForImpairmentInvestments 2024-09-30 11948810 frs-bus:Director1 2023-10-01 2024-09-30 11948810 frs-bus:Director1 2023-09-30 11948810 frs-bus:Director1 2024-09-30 11948810 frs-bus:Director2 2023-10-01 2024-09-30 11948810 frs-countries:EnglandWales 2023-10-01 2024-09-30 11948810 2022-09-30 11948810 2023-09-30 11948810 2022-10-01 2023-09-30 11948810 frs-core:CurrentFinancialInstruments 2023-09-30 11948810 frs-core:Non-currentFinancialInstruments 2023-09-30 11948810 frs-core:ShareCapital 2023-09-30 11948810 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 11948810
KOLA Holdings Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11948810
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,708 2,278
Investments 5 71,750 106,250
73,458 108,528
CURRENT ASSETS
Debtors 6 1,381,154 1,434,937
Cash at bank and in hand 75 188
1,381,229 1,435,125
Creditors: Amounts Falling Due Within One Year 7 (784 ) (750 )
NET CURRENT ASSETS (LIABILITIES) 1,380,445 1,434,375
TOTAL ASSETS LESS CURRENT LIABILITIES 1,453,903 1,542,903
NET ASSETS 1,453,903 1,542,903
CAPITAL AND RESERVES
Called up share capital 8 50 50
Profit and Loss Account 1,453,853 1,542,853
SHAREHOLDERS' FUNDS 1,453,903 1,542,903
For the year ending 30 September 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.
The financial statements were approved by the board of directors on 20 June 2025 and were signed on its behalf by:
Mr K Georgiou
Director
20 June 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
KOLA Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11948810 . The registered office is Henge Barn Pury Hill Business Park, Alderton Road, Towcester, Northamptonshire, NN12 7LS.
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:
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 October 2023 5,399
As at 30 September 2024 5,399
Depreciation
As at 1 October 2023 3,121
Provided during the period 570
As at 30 September 2024 3,691
Net Book Value
As at 30 September 2024 1,708
As at 1 October 2023 2,278
5. Investments
Subsidiaries Other Total
£ £ £
Cost
As at 1 October 2023 100 106,150 106,250
Additions 12,000 - 12,000
Revaluations - (46,500 ) (46,500 )
As at 30 September 2024 12,100 59,650 71,750
Provision
As at 1 October 2023 - - -
As at 30 September 2024 - - -
Net Book Value
As at 30 September 2024 12,100 59,650 71,750
As at 1 October 2023 100 106,150 106,250
Page 2
Page 3
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 54,843 54,843
Other debtors 3,453 55,525
58,296 110,368
Due after more than one year
Amounts owed by group undertakings 1,322,858 -
Other debtors - 1,324,569
1,322,858 1,324,569
1,381,154 1,434,937
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 30 30
Other creditors 754 720
784 750
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50 50
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Kane Georgiou 52,071 - (52,105 ) - (34 )
The above loan is unsecured, interest is paid at official rates of interest on beneficial loans and repayable on demand.
10. Related Party Transactions
At the balance sheet date, the company was owed £1,322,858 by Georgiou Acquisitions Ltd, a wholly owned subsidiary.
At the balance sheet date, the company was owed £54,843 by KG Digital Ltd, a wholly owned subsidiary.
Page 3