Acorah Software Products - Accounts Production 16.4.675 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 11838707 Mr Luke Osborne Mrs Natalie Osborne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11838707 2024-02-29 11838707 2025-02-28 11838707 2024-03-01 2025-02-28 11838707 frs-core:CurrentFinancialInstruments 2025-02-28 11838707 frs-core:Non-currentFinancialInstruments 2025-02-28 11838707 frs-core:BetweenOneFiveYears 2025-02-28 11838707 frs-core:ComputerEquipment 2025-02-28 11838707 frs-core:ComputerEquipment 2024-03-01 2025-02-28 11838707 frs-core:ComputerEquipment 2024-02-29 11838707 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-01 2025-02-28 11838707 frs-core:FurnitureFittings 2025-02-28 11838707 frs-core:FurnitureFittings 2024-03-01 2025-02-28 11838707 frs-core:FurnitureFittings 2024-02-29 11838707 frs-core:MotorVehicles 2025-02-28 11838707 frs-core:MotorVehicles 2024-03-01 2025-02-28 11838707 frs-core:MotorVehicles 2024-02-29 11838707 frs-core:OtherResidualIntangibleAssets 2025-02-28 11838707 frs-core:OtherResidualIntangibleAssets 2024-03-01 2025-02-28 11838707 frs-core:OtherResidualIntangibleAssets 2024-02-29 11838707 frs-core:WithinOneYear 2025-02-28 11838707 frs-core:ShareCapital 2025-02-28 11838707 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 11838707 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 11838707 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 11838707 frs-bus:SmallEntities 2024-03-01 2025-02-28 11838707 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 11838707 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 11838707 frs-core:CostValuation 2024-02-29 11838707 frs-core:AdditionsToInvestments 2025-02-28 11838707 frs-core:DisposalsRepaymentsInvestments 2025-02-28 11838707 frs-core:CostValuation 2025-02-28 11838707 frs-core:ProvisionsForImpairmentInvestments 2024-02-29 11838707 frs-core:ProvisionsForImpairmentInvestments 2025-02-28 11838707 frs-core:UnlistedNon-exchangeTraded 2025-02-28 11838707 frs-core:UnlistedNon-exchangeTraded 2024-02-29 11838707 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-29 11838707 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2025-02-28 11838707 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2025-02-28 11838707 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-02-28 11838707 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-29 11838707 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-02-28 11838707 frs-bus:Director1 2024-03-01 2025-02-28 11838707 frs-bus:Director2 2024-03-01 2025-02-28 11838707 frs-core:CurrentFinancialInstruments 1 2025-02-28 11838707 frs-countries:EnglandWales 2024-03-01 2025-02-28 11838707 2023-02-28 11838707 2024-02-29 11838707 2023-03-01 2024-02-29 11838707 frs-core:CurrentFinancialInstruments 2024-02-29 11838707 frs-core:Non-currentFinancialInstruments 2024-02-29 11838707 frs-core:BetweenOneFiveYears 2024-02-29 11838707 frs-core:WithinOneYear 2024-02-29 11838707 frs-core:ShareCapital 2024-02-29 11838707 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11838707 frs-core:CurrentFinancialInstruments 1 2024-02-29
Registered number: 11838707
Keyborne Capital Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 11838707
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 17,045 -
Tangible Assets 5 159,521 185,434
Investments 6 120,575 20,690
297,141 206,124
CURRENT ASSETS
Debtors 7 542,921 421,244
Cash at bank and in hand 85,519 73,391
628,440 494,635
Creditors: Amounts Falling Due Within One Year 8 (96,037 ) (78,623 )
NET CURRENT ASSETS (LIABILITIES) 532,403 416,012
TOTAL ASSETS LESS CURRENT LIABILITIES 829,544 622,136
Creditors: Amounts Falling Due After More Than One Year 9 (60,406 ) (91,491 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,715 ) (21,135 )
NET ASSETS 760,423 509,510
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 760,421 509,508
SHAREHOLDERS' FUNDS 760,423 509,510
Page 1
Page 2
For the year ending 28 February 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
Mr Luke Osborne
Director
25/07/2025
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Keyborne Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11838707 . The registered office is Thomas Glover House, 3 Weaver Walk, London, SE27 0AH.
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 the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. 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:
Motor Vehicles 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.6. 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: 2 (2024: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 March 2024 -
Additions 17,045
As at 28 February 2025 17,045
Net Book Value
As at 28 February 2025 17,045
As at 1 March 2024 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2024 253,583 1,097 2,792 257,472
Additions - - 2,238 2,238
As at 28 February 2025 253,583 1,097 5,030 259,710
...CONTINUED
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Depreciation
As at 1 March 2024 70,369 422 1,247 72,038
Provided during the period 27,482 101 568 28,151
As at 28 February 2025 97,851 523 1,815 100,189
Net Book Value
As at 28 February 2025 155,732 574 3,215 159,521
As at 1 March 2024 183,214 675 1,545 185,434
6. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 March 2024 20,690 - 20,690
Additions 50 100,000 100,050
Disposals (165 ) - (165 )
As at 28 February 2025 20,575 100,000 120,575
Provision
As at 1 March 2024 - - -
As at 28 February 2025 - - -
Net Book Value
As at 28 February 2025 20,575 100,000 120,575
As at 1 March 2024 20,690 - 20,690
Churchfields Road BR3 Ltd
Registered office:  Thomas Glover House, 3 Weaver Walk, London, SE27 0TT
Nature of business: Property Development
                                                                          %                        28/02/2025
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                        15.00                              150
Urban & Provincial Ltd
Registered office:  Thomas Glover House, 3 Weaver Walk, London, SE27 0TT
Nature of business: Property Development
                                                                          %                        28/02/2025
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                         15.00                             150
Shakespeare Road SE24 Ltd
Registered office: Thomas Glover House, 3 Weaver Walk, London, SE27 0TT
Nature of business: Property Development
                                                                          %                        28/02/2025
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                         15.00                             150
Weaver Walk SE27 Ltd
Registered office:  Thomas Glover House, 3 Weaver Walk, London, SE27 0TT
...CONTINUED
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6. Investments - continued
Nature of business: Property Development
                                                                          %                        28/02/2025
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                         15.00                              15
Urban & Provincial 2 Ltd
Registered office:  Thomas Glover House, 3 Weaver Walk, London, SE27 0TT
Nature of business: Property Development
                                                                          %                        28/02/2025
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                         15.00                              15
Laker Industrial BR3 Ltd
Registered office:  Thomas Glover House, 3 Weaver Walk, London, SE27 0TT
Nature of business: Property Development
                                                                          %                        28/02/2025
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                         15.00                              15
Urban & Provincial 5 Ltd
Registered office: Thomas Glover House, 3 Weaver Walk, London, SE27 0TT
Nature of business: Property Development
                                                                          %                        28/02/2025
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                         15.00                              15
Milkwood Road SE24 Ltd
Registered office: Thomas Glover House, 3 Weaver Walk, London, SE27 0TT
Nature of business: Property Development
                                                                          %                        28/02/2025
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                         15.00                              15
Redbrook Commercial Ltd
Registered office: Thomas Glover House, 3 Weaver Walk, London, SE27 0TT
Nature of business: Property Development
                                                                         %                        28/02/2025
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                       20,000.00                    20,000 
Boreham Homes Ltd
Registered office: Thomas Glover House, 3 Weaver Walk, London, SE27 0TT
Nature of business: Property Development
                                                                        %                        28/02/2025
Class of share:                                                 Holding                            £
Ordinary shares of £1.00 Each                         50.00                              50 
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 11,493 60,000
Other debtors 30,250 250
Intercompany 232,874 1,554
VAT - 565
Directors' loan accounts 268,304 358,875
542,921 421,244
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 31,085 31,085
Trade creditors 58,100 41,499
Corporation tax (40 ) (40 )
Other taxes and social security 2,214 1,587
VAT 2,451 -
Other creditors 1,227 3,492
Inter-company 1,000 1,000
96,037 78,623
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 60,406 91,491
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 31,085 31,085
Later than one year and not later than five years 60,406 91,491
91,491 122,576
91,491 122,576
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11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
12. Related Party Transactions
Included in the Other Debtors is an amount of £1,554 (2024 - £1,554) owed by Rex Tech Ltd, a company under the control of director Mr L Osborne. No repayment terms have been set and no interest is to be charged.
Included in the Other Debtors is an amount of £231,320 owed by Boreham Homes Ltd, a company under the control of director Mr L Osborne. No repayment terms have been set and no interest is to be charged. 
Included in the Other Creditors is an amount of £1,000 (2024 - £1,000) owed to Urban & Provincial Ltd, a company under the control of director Mr L Osborne. No repayment terms have been set and no interest is to be charged.
During the year the company charged consultancy to the following companies, all of which are under the control of the director Mr L Osborne.
Surrey Canal Road Ltd - £60,000
Urban & Provincial Ltd - £10,386
During the year the company received dividends to the following companies, all of which are under the control of the director Mr L Osborne.
Surrey Canal Road Ltd - £717,548
Urban & Provincial Ltd - £160,000
Included in the Other Debtors is an amount of £268,304  loaned to the directors Mr L Osborne & Ms N Cooper.
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