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Mukti Properties Spv Ltd
Unaudited Financial Statements
For The Year Ended 30 July 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13503409
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,220 -
Investment Properties 5 1,781,708 943,653
1,782,928 943,653
CURRENT ASSETS
Debtors 6 500 1,252
Cash at bank and in hand 20,134 140,753
20,634 142,005
Creditors: Amounts Falling Due Within One Year 7 (498,504 ) (398,091 )
NET CURRENT ASSETS (LIABILITIES) (477,870 ) (256,086 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,305,058 687,567
Creditors: Amounts Falling Due After More Than One Year 8 (1,318,085 ) (689,516 )
NET LIABILITIES (13,027 ) (1,949 )
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account (13,037 ) (1,959 )
SHAREHOLDERS' FUNDS (13,027) (1,949)
Page 1
Page 2
For the year ending 30 July 2025 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
Harsh Mehta
Director
29/04/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mukti Properties Spv Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13503409 . The registered office is 10 Brookfield Crescent, Harrow, London, United Kingdom, HA3 0UT.
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 3 Years SLM
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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: NIL)
1 -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 31 July 2024 -
Additions 1,464
As at 30 July 2025 1,464
Depreciation
As at 31 July 2024 -
Provided during the period 244
As at 30 July 2025 244
Net Book Value
As at 30 July 2025 1,220
As at 31 July 2024 -
5. Investment Property
2025
£
Fair Value
As at 31 July 2024 943,653
Additions 838,055
As at 30 July 2025 1,781,708
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 500 500
Deferred tax current asset - 752
500 1,252
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 1
Corporation tax - 292
Accruals and deferred income 540 540
Director's loan account 493,076 388,421
Amounts owed to related parties 4,888 8,837
498,504 398,091
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,318,085 689,516
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
10. Notes to the accounts
1. Loan Liability : a) The precise mortgage is secured by the property known as 133 Flanders road, London, E66BL and 104
Peterswood Harlow Essex, CM18 7RN.

b) The mortgage works is secured by the property known as 27 Milwards, Harlow, CM19 4SG.
c) The United Trust Bank mortgage is secured by property known as 306 Berecroft, 400 Milwards Rd and 286 Berecroft.

2. Investment properties :
FRS 102 1a requires deferred tax to be accounted for assets that are subject to revaluation. There is no revaluation for the year so there is no deferred tax amount.
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