Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13765312 Wenxi He Christopher Regan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13765312 2023-12-31 13765312 2024-12-31 13765312 2024-01-01 2024-12-31 13765312 frs-core:CurrentFinancialInstruments 2024-12-31 13765312 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 13765312 frs-core:ShareCapital 2024-12-31 13765312 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13765312 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13765312 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13765312 frs-bus:SmallEntities 2024-01-01 2024-12-31 13765312 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13765312 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13765312 frs-core:CostValuation 2023-12-31 13765312 frs-core:CostValuation 2024-12-31 13765312 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 13765312 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 13765312 frs-bus:Director1 2024-01-01 2024-12-31 13765312 frs-bus:Director2 2024-01-01 2024-12-31 13765312 frs-countries:EnglandWales 2024-01-01 2024-12-31 13765312 2022-12-31 13765312 2023-12-31 13765312 2023-01-01 2023-12-31 13765312 frs-core:CurrentFinancialInstruments 2023-12-31 13765312 frs-core:ShareCapital 2023-12-31 13765312 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13765312
KXP Alpha Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13765312
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 603 603
603 603
CURRENT ASSETS
Debtors 5 1,757,319 1,178,593
1,757,319 1,178,593
Creditors: Amounts Falling Due Within One Year 6 (1,738,020 ) (1,195,708 )
NET CURRENT ASSETS (LIABILITIES) 19,299 (17,115 )
TOTAL ASSETS LESS CURRENT LIABILITIES 19,902 (16,512 )
NET ASSETS/(LIABILITIES) 19,902 (16,512 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 19,901 (16,513 )
SHAREHOLDERS' FUNDS 19,902 (16,512)
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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 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
Wenxi He
Director
16 September 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
KXP Alpha Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13765312 . The registered office is 30 Orange Street, London, WC2H 7HF.
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
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which these estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
2.3. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.
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.
2.6. Interest income and finance costs
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
2.7. Debtors and creditors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Investments
Subsidiaries
£
Cost
As at 1 January 2024 603
As at 31 December 2024 603
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 603
As at 1 January 2024 603
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 960
Amounts owed by group undertakings 1,757,319 1,152,079
Other debtors - 25,554
1,757,319 1,178,593
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 120,000 121,774
Amounts owed to group undertakings 1,615,620 1,071,535
Other creditors 2,400 2,399
1,738,020 1,195,708
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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