Acorah Software Products - Accounts Production 14.6.300 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12977008 Mr Pawel Piotrowski Mr Piotr Maruszak true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12977008 2022-10-31 12977008 2023-10-31 12977008 2022-11-01 2023-10-31 12977008 frs-core:CurrentFinancialInstruments 2023-10-31 12977008 frs-core:ShareCapital 2023-10-31 12977008 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12977008 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12977008 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12977008 frs-bus:SmallEntities 2022-11-01 2023-10-31 12977008 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12977008 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12977008 1 2022-11-01 2023-10-31 12977008 frs-bus:Director1 2022-11-01 2023-10-31 12977008 frs-bus:Director2 2022-11-01 2023-10-31 12977008 frs-countries:EnglandWales 2022-11-01 2023-10-31 12977008 2021-10-31 12977008 2022-10-31 12977008 2021-11-01 2022-10-31 12977008 frs-core:CurrentFinancialInstruments 2022-10-31 12977008 frs-core:ShareCapital 2022-10-31 12977008 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 12977008
Partners Development Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12977008
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 53,201 50,689
Cash at bank and in hand 363 2,631
53,564 53,320
Creditors: Amounts Falling Due Within One Year 5 (53,745 ) (104,650 )
NET CURRENT ASSETS (LIABILITIES) (181 ) (51,330 )
TOTAL ASSETS LESS CURRENT LIABILITIES (181 ) (51,330 )
NET LIABILITIES (181 ) (51,330 )
CAPITAL AND RESERVES
Called up share capital 6 200 200
Profit and Loss Account (381 ) (51,530 )
SHAREHOLDERS' FUNDS (181) (51,330)
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 Piotr Maruszak
Director
15/06/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Partners Development Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12977008 . The registered office is 150 Albert Road, Morley, Leeds, LS27 8RT.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income - 35,180
VAT - 15,509
Amounts owed by related parties 53,201 -
53,201 50,689
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,484 1,481
Other taxes and social security - 16,018
VAT 1,606 -
Directors' loan accounts 1,155 531
Amounts owed to related parties 49,500 86,620
53,745 104,650
Page 2
Page 3
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
7. Related Party Transactions
Included within Creditors is a sum of £52,500 (2022: £54,000) owed to Partners Real Estate Ltd which is a company registered in England & Wales. The directors Mr Piotre Maruszak and Mr Pawel Piotrowski are also directors and shareholders of Partners Real Estate Ltd. The loan is interest-free and repayable on demand.
Included within debtor is a sum of £109,780 (2022: £32,620) owed by Partners Property Investment Ltd which is a company registered in England & Wales. The directors Mr Piotre Maruszak and Mr Pawel Piotrowski are also directors and shareholders of Partners Property Investment Ltd. The loan is interest-free and repayable on demand.
Also included within debtor is a sum of £50 (2022: £Nil) owed by Meersbrook Place Ltd. which is a company registered in England & Wales. The directors Mr Piotre Maruszak and Mr Pawel Piotrowski are also directors and shareholders of Partners Property Investment Ltd. The loan is interest-free and repayable on demand.
8. Ultimate Controlling Party
There is no ultimate controlling party due to the shares being held in equal proportions.


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