Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13799402 Mr H S Kang iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13799402 2023-12-31 13799402 2024-12-31 13799402 2024-01-01 2024-12-31 13799402 frs-core:CurrentFinancialInstruments 2024-12-31 13799402 frs-core:ShareCapital 2024-12-31 13799402 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13799402 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13799402 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13799402 frs-bus:SmallEntities 2024-01-01 2024-12-31 13799402 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13799402 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13799402 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 13799402 frs-bus:OrdinaryShareClass1 2024-12-31 13799402 frs-bus:Director1 2024-01-01 2024-12-31 13799402 frs-countries:EnglandWales 2024-01-01 2024-12-31 13799402 2022-12-31 13799402 2023-12-31 13799402 2023-01-01 2023-12-31 13799402 frs-core:CurrentFinancialInstruments 2023-12-31 13799402 frs-core:ShareCapital 2023-12-31 13799402 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13799402 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31
Registered number: 13799402
Burslem Kang Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13799402
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 861,644 -
861,644 -
CURRENT ASSETS
Debtors 5 294 702
Cash at bank and in hand 2,069 2,112
2,363 2,814
Creditors: Amounts Falling Due Within One Year 6 (852,215 ) (6,329 )
NET CURRENT ASSETS (LIABILITIES) (849,852 ) (3,515 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,792 (3,515 )
NET ASSETS/(LIABILITIES) 11,792 (3,515 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 11,692 (3,615 )
SHAREHOLDERS' FUNDS 11,792 (3,515)
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 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 H S Kang
Director
20 July 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
Burslem Kang Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rental income
Rental income from opertaing leases (net of any incentives given to the lessees) is recognised on a straight-line basis over the lease term.
2.3. Investment Properties
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
2.4. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.  
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
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.
2.5. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Investment Property
2024
£
Fair Value
As at 1 January 2024 -
Additions 861,644
As at 31 December 2024 861,644
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 860,410 -
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 294 384
VAT - 318
294 702
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,929
Corporation tax 2,743 -
VAT 1,612 -
Accruals and deferred income 960 500
Director's loan account 196,900 3,900
Amounts owed to associates 650,000 -
852,215 6,329
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
8. Related Party Transactions
At the year end, the comapny owed £650,000 (2023 £nil) to a company in which Mr H S Kang is a director and shareholder. The loan is provided interest free and is repayable on demand.
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