Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 SC427849 Mr Ashley Puren iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC427849 2023-07-31 SC427849 2024-07-31 SC427849 2023-08-01 2024-07-31 SC427849 frs-core:CurrentFinancialInstruments 2024-07-31 SC427849 frs-core:Non-currentFinancialInstruments 2024-07-31 SC427849 frs-core:ComputerEquipment 2024-07-31 SC427849 frs-core:ComputerEquipment 2023-08-01 2024-07-31 SC427849 frs-core:ComputerEquipment 2023-07-31 SC427849 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-01 2024-07-31 SC427849 frs-core:FurnitureFittings 2024-07-31 SC427849 frs-core:FurnitureFittings 2023-08-01 2024-07-31 SC427849 frs-core:FurnitureFittings 2023-07-31 SC427849 frs-core:MotorVehicles 2024-07-31 SC427849 frs-core:MotorVehicles 2023-08-01 2024-07-31 SC427849 frs-core:MotorVehicles 2023-07-31 SC427849 frs-core:OtherResidualIntangibleAssets 2024-07-31 SC427849 frs-core:OtherResidualIntangibleAssets 2023-08-01 2024-07-31 SC427849 frs-core:OtherResidualIntangibleAssets 2023-07-31 SC427849 frs-core:ShareCapital 2024-07-31 SC427849 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC427849 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC427849 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 SC427849 frs-bus:SmallEntities 2023-08-01 2024-07-31 SC427849 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC427849 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC427849 frs-bus:Director1 2023-08-01 2024-07-31 SC427849 frs-countries:Scotland 2023-08-01 2024-07-31 SC427849 2022-07-31 SC427849 2023-07-31 SC427849 2022-08-01 2023-07-31 SC427849 frs-core:CurrentFinancialInstruments 2023-07-31 SC427849 frs-core:Non-currentFinancialInstruments 2023-07-31 SC427849 frs-core:ShareCapital 2023-07-31 SC427849 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: SC427849
Pure Property Management Edinburgh Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Anlo Financial Solutions Edinburgh
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC427849
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,216 8,511
Tangible Assets 5 13,411 12,438
14,627 20,949
CURRENT ASSETS
Debtors 6 192,069 154,320
Cash at bank and in hand 164,952 118,125
357,021 272,445
Creditors: Amounts Falling Due Within One Year 7 (67,575 ) (103,610 )
NET CURRENT ASSETS (LIABILITIES) 289,446 168,835
TOTAL ASSETS LESS CURRENT LIABILITIES 304,073 189,784
Creditors: Amounts Falling Due After More Than One Year 8 (233,055 ) (122,569 )
NET ASSETS 71,018 67,215
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 71,017 67,214
SHAREHOLDERS' FUNDS 71,018 67,215
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Ashley Puren
Director
30/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pure Property Management Edinburgh Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC427849 . The registered office is 141 Gilmore Place, Edinburgh, EH3 9PW.
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.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
The company bought a book of business from another property rental company. The Intangible asset amortise over 4 years.
2.4. 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:
Motor Vehicles 25% reducing rate
Fixtures & Fittings 25% reducing rate
Computer Equipment 25% reducing rate
2.5. 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: 6 (2023: 7)
6 7
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 August 2023 29,180
As at 31 July 2024 29,180
Amortisation
As at 1 August 2023 20,669
Provided during the period 7,295
As at 31 July 2024 27,964
Net Book Value
As at 31 July 2024 1,216
As at 1 August 2023 8,511
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 17,657 4,113 11,158 32,928
Additions - 1,200 1,749 2,949
As at 31 July 2024 17,657 5,313 12,907 35,877
Depreciation
As at 1 August 2023 9,486 1,765 9,239 20,490
Provided during the period 759 208 1,009 1,976
As at 31 July 2024 10,245 1,973 10,248 22,466
Net Book Value
As at 31 July 2024 7,412 3,340 2,659 13,411
As at 1 August 2023 8,171 2,348 1,919 12,438
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,142 15,663
Due after more than one year
Amounts owed by group undertakings 178,927 138,657
192,069 154,320
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,119 73,904
Bank loans and overdrafts 687 58
Corporation tax 2,139 3,233
Other taxes and social security 2,028 1,779
VAT 8,143 10,670
Director's loan account 49,459 13,966
67,575 103,610
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 34,229 38,894
Amounts owed to related parties 198,826 83,675
233,055 122,569
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5