Acorah Software Products - Accounts Production 15.0.310 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 02155785 Mrs Margaret Purvey Mr Roger Artur Purvey Mrs Margaret Purvey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02155785 2022-10-31 02155785 2023-10-31 02155785 2022-11-01 2023-10-31 02155785 frs-core:CurrentFinancialInstruments 2023-10-31 02155785 frs-core:ComputerEquipment 2023-10-31 02155785 frs-core:ComputerEquipment 2022-11-01 2023-10-31 02155785 frs-core:ComputerEquipment 2022-10-31 02155785 frs-core:FurnitureFittings 2023-10-31 02155785 frs-core:FurnitureFittings 2022-11-01 2023-10-31 02155785 frs-core:FurnitureFittings 2022-10-31 02155785 frs-core:PlantMachinery 2023-10-31 02155785 frs-core:PlantMachinery 2022-11-01 2023-10-31 02155785 frs-core:PlantMachinery 2022-10-31 02155785 frs-core:RevaluationReserve 2022-10-31 02155785 frs-core:RevaluationReserve 2023-10-31 02155785 frs-core:ShareCapital 2023-10-31 02155785 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 02155785 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 02155785 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 02155785 frs-bus:SmallEntities 2022-11-01 2023-10-31 02155785 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 02155785 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 02155785 frs-bus:Director1 2022-11-01 2023-10-31 02155785 frs-bus:Director2 2022-11-01 2023-10-31 02155785 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 02155785 frs-countries:EnglandWales 2022-11-01 2023-10-31 02155785 2021-10-31 02155785 2022-10-31 02155785 2021-11-01 2022-10-31 02155785 frs-core:CurrentFinancialInstruments 2022-10-31 02155785 frs-core:RevaluationReserve 2022-10-31 02155785 frs-core:ShareCapital 2022-10-31 02155785 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 02155785
Prema Projects Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unico 3 Limited
Genesis House
212 Ingram Road
Walsall
West Midlands
WS3 3AD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02155785
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 145 199
Investment Properties 5 506,130 506,130
506,275 506,329
CURRENT ASSETS
Debtors 6 670 676
Cash at bank and in hand 81,875 68,178
82,545 68,854
Creditors: Amounts Falling Due Within One Year 7 (223,167 ) (209,969 )
NET CURRENT ASSETS (LIABILITIES) (140,622 ) (141,115 )
TOTAL ASSETS LESS CURRENT LIABILITIES 365,653 365,214
NET ASSETS 365,653 365,214
CAPITAL AND RESERVES
Called up share capital 8 200 200
Revaluation reserve 9 362,046 362,046
Profit and Loss Account 3,407 2,968
SHAREHOLDERS' FUNDS 365,653 365,214
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For the year ending 31 October 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 Roger Artur Purvey
Director
25/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Prema Projects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02155785 . The registered office is 12a Duke Street, Sutton Coldfield, West Midlands, B72 1RJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "TheFinancial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under thehistorical cost convention. 
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Plant & Machinery 15% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 25% on cost
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
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except tothe extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted orsubstantively enacted by the balance sheet date.
2.6. Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balancesheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different fromthose in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of thetiming difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that theywill be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 361 7,347 1,833 9,541
As at 31 October 2023 361 7,347 1,833 9,541
Depreciation
As at 1 November 2022 162 7,347 1,833 9,342
Provided during the period 54 - - 54
As at 31 October 2023 216 7,347 1,833 9,396
Net Book Value
As at 31 October 2023 145 - - 145
As at 1 November 2022 199 - - 199
5. Investment Property
2023
£
Fair Value
As at 1 November 2022 and 31 October 2023 506,130
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors (38 ) -
Other debtors 708 676
670 676
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 28 1
Other creditors 221,801 207,775
Taxation and social security 1,338 2,193
223,167 209,969
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
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9. Reserves
Revaluation Reserve
£
As at 1 November 2022 362,046
As at 31 October 2023 362,046
Page 5