Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 12084454 Mr Geraint Davies Mr Phillip Davies Mr Geraint Davies Mr P Davies true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12084454 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-07-31 12084454 2022-07-31 12084454 2023-07-31 12084454 2022-08-01 2023-07-31 12084454 frs-core:CurrentFinancialInstruments 2023-07-31 12084454 frs-core:Non-currentFinancialInstruments 2023-07-31 12084454 frs-core:ShareCapital 2023-07-31 12084454 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12084454 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12084454 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 12084454 frs-bus:SmallEntities 2022-08-01 2023-07-31 12084454 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12084454 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12084454 1 2022-08-01 2023-07-31 12084454 frs-bus:Director1 2022-08-01 2023-07-31 12084454 frs-bus:Director2 2022-08-01 2023-07-31 12084454 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 12084454 frs-countries:EnglandWales 2022-08-01 2023-07-31 12084454 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-07-31 12084454 2021-07-31 12084454 2022-07-31 12084454 2021-08-01 2022-07-31 12084454 frs-core:CurrentFinancialInstruments 2022-07-31 12084454 frs-core:Non-currentFinancialInstruments 2022-07-31 12084454 frs-core:ShareCapital 2022-07-31 12084454 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 12084454
Popcorn Property Developments Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12084454
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 151,171 151,171
151,171 151,171
CURRENT ASSETS
Debtors 5 2,608 2,739
Cash at bank and in hand 1,095 2,007
3,703 4,746
Creditors: Amounts Falling Due Within One Year 6 (37,469 ) (30,469 )
NET CURRENT ASSETS (LIABILITIES) (33,766 ) (25,723 )
TOTAL ASSETS LESS CURRENT LIABILITIES 117,405 125,448
Creditors: Amounts Falling Due After More Than One Year 7 (133,875 ) (133,875 )
NET LIABILITIES (16,470 ) (8,427 )
CAPITAL AND RESERVES
Called up share capital 9 300 300
Profit and Loss Account (16,770 ) (8,727 )
SHAREHOLDERS' FUNDS (16,470) (8,427)
Page 1
Page 2
For the year ending 31 July 2023 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 Geraint Davies
Director
23 April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Popcorn Property Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12084454 . The registered office is 59 Commercial St, Risca, NP11 6AW.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Investment Property
2023
£
Fair Value
As at 1 August 2022 and 31 July 2023 151,171
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 2,608 2,739
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 37,469 30,469
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 133,875 133,875
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2023 2022
£ £
Bank loans 133,875 133,875
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8. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Bank loans and overdrafts 133,875 133,875
9. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 300 300
Amount of Allotted, Called Up Share Capital 300 300
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr P Davies by virtue of his ownership of 100% of the issued share capital in the company.
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