Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11913417 Mr Andrew Morton Mrs Katy Morton Andrew and Katy Morton true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11913417 2024-03-31 11913417 2025-03-31 11913417 2024-04-01 2025-03-31 11913417 frs-core:CurrentFinancialInstruments 2025-03-31 11913417 frs-core:Non-currentFinancialInstruments 2025-03-31 11913417 frs-core:ComputerEquipment 2025-03-31 11913417 frs-core:ComputerEquipment 2024-04-01 2025-03-31 11913417 frs-core:ComputerEquipment 2024-03-31 11913417 frs-core:FurnitureFittings 2025-03-31 11913417 frs-core:FurnitureFittings 2024-04-01 2025-03-31 11913417 frs-core:FurnitureFittings 2024-03-31 11913417 frs-core:ShareCapital 2025-03-31 11913417 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11913417 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11913417 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11913417 frs-bus:SmallEntities 2024-04-01 2025-03-31 11913417 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11913417 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11913417 1 2024-04-01 2025-03-31 11913417 frs-core:ListedExchangeTraded 2025-03-31 11913417 frs-core:ListedExchangeTraded 2024-03-31 11913417 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 11913417 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2025-03-31 11913417 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2025-03-31 11913417 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-03-31 11913417 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 11913417 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-03-31 11913417 frs-bus:Director1 2024-04-01 2025-03-31 11913417 frs-bus:Director2 2024-04-01 2025-03-31 11913417 frs-countries:EnglandWales 2024-04-01 2025-03-31 11913417 2023-03-31 11913417 2024-03-31 11913417 2023-04-01 2024-03-31 11913417 frs-core:CurrentFinancialInstruments 2024-03-31 11913417 frs-core:Non-currentFinancialInstruments 2024-03-31 11913417 frs-core:ShareCapital 2024-03-31 11913417 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11913417
Kamel Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Calculated Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11913417
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,495 19,727
Investment Properties 5 2,278,000 2,228,000
Investments 6 87,918 38,432
2,378,413 2,286,159
CURRENT ASSETS
Debtors 7 15,322 39,528
Cash at bank and in hand 10,820 47,327
26,142 86,855
Creditors: Amounts Falling Due Within One Year 8 (17,635 ) (18,582 )
NET CURRENT ASSETS (LIABILITIES) 8,507 68,273
TOTAL ASSETS LESS CURRENT LIABILITIES 2,386,920 2,354,432
Creditors: Amounts Falling Due After More Than One Year 9 (2,223,491 ) (2,224,768 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (91,574 ) (80,651 )
NET ASSETS 71,855 49,013
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 71,755 48,913
SHAREHOLDERS' FUNDS 71,855 49,013
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Page 2
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
Mr Andrew Morton
Director
08/10/2025
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
Kamel Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11913417 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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.
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.
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:
Fixtures & Fittings 20% Straight Line
Computer Equipment 33% Straight Line
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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 April 2024 50,309 1,137 51,446
Additions 1,607 - 1,607
As at 31 March 2025 51,916 1,137 53,053
Depreciation
As at 1 April 2024 31,593 126 31,719
Provided during the period 8,460 379 8,839
As at 31 March 2025 40,053 505 40,558
Net Book Value
As at 31 March 2025 11,863 632 12,495
As at 1 April 2024 18,716 1,011 19,727
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 2,228,000
Revaluations 50,000
As at 31 March 2025 2,278,000
6. Investments
Listed
£
Cost
As at 1 April 2024 38,432
Additions 42,000
Revaluations 7,486
As at 31 March 2025 87,918
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 87,918
As at 1 April 2024 38,432
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7. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 4,599 3,724
Other debtors 10,723 5,997
VAT - 29,807
15,322 39,528
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 16,226 18,582
VAT 1,185 -
Accruals and deferred income 224 -
17,635 18,582
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 670,642 670,709
Directors loan account 1,552,849 1,554,059
2,223,491 2,224,768
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Directors
The directors have provided the company with an unsecured loan. The balance of the loan at the year end was £1,552,849 (2024 : £1,554,059). There is no interest charged on the loan and it is repayable on demand.
Kamel Consulting Limited
Included in the consulting expense is a £16,200 (2024 : £18,581) consultancy fee charged from Kamel Consulting Limited. This is a company under the same control as Kamel Properties Limited.
12. Ultimate Controlling Party
The company's ultimate controlling party is Andrew and Katy Morton by virtue of their ownership of 100% of the issued share capital in the company.
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