Acorah Software Products - Accounts Production 19.3.600 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 07015226 Mrs Kathryn Baines Miss Catrin Baines Miss Ceri Baines Mr Julian Baines Mr Huw Baines iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07015226 2025-03-31 07015226 2026-03-31 07015226 2025-04-01 2026-03-31 07015226 frs-core:CurrentFinancialInstruments 2026-03-31 07015226 frs-core:FurnitureFittings 2026-03-31 07015226 frs-core:FurnitureFittings 2025-04-01 2026-03-31 07015226 frs-core:FurnitureFittings 2025-03-31 07015226 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2026-03-31 07015226 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-04-01 2026-03-31 07015226 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 07015226 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2026-03-31 07015226 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 07015226 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 07015226 frs-core:RevaluationReserve 2025-03-31 07015226 frs-core:RevaluationReserve 2026-03-31 07015226 frs-core:ShareCapital 2026-03-31 07015226 frs-core:RetainedEarningsAccumulatedLosses 2025-04-01 2026-03-31 07015226 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2025-03-31 07015226 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 07015226 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 07015226 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 07015226 frs-bus:SmallEntities 2025-04-01 2026-03-31 07015226 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 07015226 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 07015226 frs-core:UnlistedNon-exchangeTraded 2026-03-31 07015226 frs-core:UnlistedNon-exchangeTraded 2025-03-31 07015226 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 07015226 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2026-03-31 07015226 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 07015226 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2026-03-31 07015226 frs-bus:Director1 2025-04-01 2026-03-31 07015226 frs-bus:Director2 2025-04-01 2026-03-31 07015226 frs-bus:Director3 2025-04-01 2026-03-31 07015226 frs-bus:Director4 2025-04-01 2026-03-31 07015226 frs-bus:Director5 2025-04-01 2026-03-31 07015226 frs-countries:EnglandWales 2025-04-01 2026-03-31 07015226 2024-03-31 07015226 2025-03-31 07015226 2024-04-01 2025-03-31 07015226 frs-core:CurrentFinancialInstruments 2025-03-31 07015226 frs-core:RevaluationReserve 2025-03-31 07015226 frs-core:ShareCapital 2025-03-31 07015226 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 07015226
J & K (Cardiff) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07015226
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,692,786 1,693,654
1,692,786 1,693,654
CURRENT ASSETS
Cash at bank and in hand 105,857 36,043
105,857 36,043
Creditors: Amounts Falling Due Within One Year 7 (1,351,569 ) (1,476,744 )
NET CURRENT ASSETS (LIABILITIES) (1,245,712 ) (1,440,701 )
TOTAL ASSETS LESS CURRENT LIABILITIES 447,074 252,953
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,603 ) (27,603 )
NET ASSETS 419,471 225,350
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 82,806 82,806
Profit and Loss Account 336,565 142,444
SHAREHOLDERS' FUNDS 419,471 225,350
Page 1
Page 2
For the year ending 31 March 2026 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 Julian Baines
Director
08/07/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
J & K (Cardiff) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07015226 . The registered office is Ellerslie, Sully Road, Penarth, CF64 2TQ.
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 comprises rent received.
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:
Freehold
Leasehold 4% Straight Line
Fixtures & Fittings 15% Straight Line
2.4. Investment Properties
Freehold investment properties are shown at fair value and the surplus or deficit arising from the change in fair value is recognised in profit and loss.  Leasehold investment properties are shown at cost less amortisation.  Amortisation is charged in equal instalments over 50 years or the remianing length of the lease whichever is lower.
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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.
2.7. Repairs and maintenance
In the absence of a specific intention by the board of either a disposition or substantial reconstruction of letting units in investment properties, all expenditure incurred on general repair, maintenance and upgrade is written off as incurred.  It is the opinion of the board that the nature of the company's property ownership is such that any appreciation in value is due to the passage of time rather than intent to improve as policy and is as such reflected through the revaluation reseve.
2.8. Investments
Investments in unquoted companies are initially stated at cost and are subject to annual impairment reviews.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2025: 5)
5 5
4. Tangible Assets
Land & Property
Freehold Leasehold Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 April 2025 1,681,059 21,705 5,478 1,708,242
As at 31 March 2026 1,681,059 21,705 5,478 1,708,242
Depreciation
As at 1 April 2025 - 9,116 5,472 14,588
Provided during the period - 868 - 868
As at 31 March 2026 - 9,984 5,472 15,456
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 March 2026 1,681,059 11,721 6 1,692,786
As at 1 April 2025 1,681,059 12,589 6 1,693,654
The values of the Investment properties were estimated on an open market basis as at 31 March 2024 by the Directors.
5. Investment Property
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2026 2025
£ £
Cost 1,539,591 1,539,591
6. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2025 50,250
As at 31 March 2026 50,250
Provision
As at 1 April 2025 50,250
As at 31 March 2026 50,250
Net Book Value
As at 31 March 2026 -
As at 1 April 2025 -
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Corporation tax 53,395 -
Other taxes and social security 225 -
VAT 2,000 -
Accruals and deferred income 4,209 3,814
Directors' loan accounts 1,291,740 1,472,930
1,351,569 1,476,744
Page 5
Page 6
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 April 2025 82,806 142,444
Profit for the year and total comprehensive income - 194,121
As at 31 March 2026 82,806 336,565
Page 6