Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 SC656904 Mr Colin Roe Mrs Alexandra Roe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC656904 2023-01-31 SC656904 2024-01-31 SC656904 2023-02-01 2024-01-31 SC656904 frs-core:CurrentFinancialInstruments 2024-01-31 SC656904 frs-core:RevaluationReserve 2023-01-31 SC656904 frs-core:RevaluationReserve 2024-01-31 SC656904 frs-core:ShareCapital 2024-01-31 SC656904 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC656904 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC656904 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC656904 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC656904 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC656904 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC656904 frs-core:UnlistedNon-exchangeTraded 2024-01-31 SC656904 frs-core:UnlistedNon-exchangeTraded 2023-01-31 SC656904 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-01-31 SC656904 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 SC656904 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-01-31 SC656904 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-01-31 SC656904 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 SC656904 frs-bus:Director1 2023-02-01 2024-01-31 SC656904 frs-bus:Director1 2023-01-31 SC656904 frs-bus:Director1 2024-01-31 SC656904 frs-bus:Director2 2023-02-01 2024-01-31 SC656904 frs-bus:Director2 2023-01-31 SC656904 frs-bus:Director2 2024-01-31 SC656904 frs-countries:Scotland 2023-02-01 2024-01-31 SC656904 2022-01-31 SC656904 2023-01-31 SC656904 2022-02-01 2023-01-31 SC656904 frs-core:CurrentFinancialInstruments 2023-01-31 SC656904 frs-core:RevaluationReserve 2023-01-31 SC656904 frs-core:ShareCapital 2023-01-31 SC656904 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: SC656904
The Paisley Property Letting Centre (Holdings) Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Hawthorn Tax
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC656904
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 368,123 242,823
368,123 242,823
CURRENT ASSETS
Debtors 5 2 2
Cash at bank and in hand 240 50,996
242 50,998
Creditors: Amounts Falling Due Within One Year 6 (257,147 ) (188,847 )
NET CURRENT ASSETS (LIABILITIES) (256,905 ) (137,849 )
TOTAL ASSETS LESS CURRENT LIABILITIES 111,218 104,974
NET ASSETS 111,218 104,974
CAPITAL AND RESERVES
Called up share capital 7 1,152 1,152
Revaluation reserve 9 4,025 4,025
Profit and Loss Account 106,041 99,797
SHAREHOLDERS' FUNDS 111,218 104,974
Page 1
Page 2
For the year ending 31 January 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
Mr Colin Roe
Director
16/04/2024
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
The Paisley Property Letting Centre (Holdings) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC656904 . The registered office is Suite 3, 3rd Floor, Merlin House, 20 Mossland Road, Hillington Park, Glasgow, G52 4XZ.
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. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: NIL (2023: NIL)
- -
4. Investments
Unlisted
£
Cost
As at 1 February 2023 242,823
Additions 125,300
As at 31 January 2024 368,123
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 368,123
As at 1 February 2023 242,823
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Directors' loan accounts 2 2
2 2
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to other participating interests 257,147 188,847
257,147 188,847
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,152 1,152
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Colin Roe 1 - - - 1
Mrs Alexandra Roe 1 - - - 1
The above loan is unsecured, interest free and repayable on demand.
9. Reserves
Revaluation Reserve
£
As at 1 February 2023 4,025
As at 31 January 2024 4,025
Page 4