Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 06556983 Mrs Nehal Virani Mr Sachinkumar Gupta Mr Sachin Gupta iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06556983 2023-04-30 06556983 2024-04-30 06556983 2023-05-01 2024-04-30 06556983 frs-core:CurrentFinancialInstruments 2024-04-30 06556983 frs-core:Non-currentFinancialInstruments 2024-04-30 06556983 frs-core:ComputerEquipment 2024-04-30 06556983 frs-core:ComputerEquipment 2023-05-01 2024-04-30 06556983 frs-core:ComputerEquipment 2023-04-30 06556983 frs-core:FurnitureFittings 2024-04-30 06556983 frs-core:FurnitureFittings 2023-05-01 2024-04-30 06556983 frs-core:FurnitureFittings 2023-04-30 06556983 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 06556983 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06556983 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 06556983 frs-core:RevaluationReserve 2023-05-01 2024-04-30 06556983 frs-core:RevaluationReserve 2024-04-30 06556983 frs-core:ShareCapital 2024-04-30 06556983 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06556983 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06556983 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 06556983 frs-bus:SmallEntities 2023-05-01 2024-04-30 06556983 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06556983 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06556983 frs-bus:Director1 2023-05-01 2024-04-30 06556983 frs-bus:Director2 2023-05-01 2024-04-30 06556983 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 06556983 frs-countries:EnglandWales 2023-05-01 2024-04-30 06556983 2022-04-30 06556983 2023-04-30 06556983 2022-05-01 2023-04-30 06556983 frs-core:CurrentFinancialInstruments 2023-04-30 06556983 frs-core:Non-currentFinancialInstruments 2023-04-30 06556983 frs-core:RevaluationReserve 2023-04-30 06556983 frs-core:ShareCapital 2023-04-30 06556983 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 06556983
Property Hub Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Inspire Accounting (UK) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06556983
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 435,246 314,708
435,246 314,708
CURRENT ASSETS
Cash at bank and in hand 11,236 15,600
11,236 15,600
Creditors: Amounts Falling Due Within One Year 5 (92,860 ) (64,851 )
NET CURRENT ASSETS (LIABILITIES) (81,624 ) (49,251 )
TOTAL ASSETS LESS CURRENT LIABILITIES 353,622 265,457
Creditors: Amounts Falling Due After More Than One Year 6 (231,513 ) (263,544 )
NET ASSETS 122,109 1,913
CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 121,439 -
Profit and Loss Account 570 1,813
SHAREHOLDERS' FUNDS 122,109 1,913
Page 1
Page 2
For the year ending 30 April 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 Sachinkumar Gupta
Director
16/08/2024
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
Property Hub Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06556983 . The registered office is 38 Court Parade, East Lane, Wembley, Middlesex, HA0 3HS.
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 rendering of services. 
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 No Depreciation Provided
Fixtures & Fittings 25% on written down value
Computer Equipment 25% on written down value
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 May 2023 328,561 47,877 4,492 380,930
Revaluation 121,439 - - 121,439
As at 30 April 2024 450,000 47,877 4,492 502,369
Depreciation
As at 1 May 2023 17,520 44,503 4,199 66,222
Provided during the period - 843 58 901
As at 30 April 2024 17,520 45,346 4,257 67,123
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 April 2024 432,480 2,531 235 435,246
As at 1 May 2023 311,041 3,374 293 314,708
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 30,054 18,024
Corporation tax 13,744 18,459
Other taxes and social security 1,395 1,600
VAT 22,655 15,946
Accruals and deferred income 11,459 9,829
Directors' loan accounts 13,553 993
92,860 64,851
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 231,513 263,544
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Reserves
Revaluation Reserve
£
Surplus on revaluation 121,439
As at 30 April 2024 121,439
Page 4