Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 08897154 Mrs Dawn Galley Mr Daniel Galley Mr Stephen Galley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08897154 2023-02-28 08897154 2024-02-29 08897154 2023-03-01 2024-02-29 08897154 frs-core:CurrentFinancialInstruments 2024-02-29 08897154 frs-core:ComputerEquipment 2024-02-29 08897154 frs-core:ComputerEquipment 2023-03-01 2024-02-29 08897154 frs-core:ComputerEquipment 2023-02-28 08897154 frs-core:ShareCapital 2024-02-29 08897154 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 08897154 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08897154 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08897154 frs-bus:SmallEntities 2023-03-01 2024-02-29 08897154 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08897154 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08897154 frs-bus:Director1 2023-03-01 2024-02-29 08897154 frs-bus:Director2 2023-03-01 2024-02-29 08897154 frs-bus:Director3 2023-03-01 2024-02-29 08897154 frs-countries:EnglandWales 2023-03-01 2024-02-29 08897154 2022-02-28 08897154 2023-02-28 08897154 2022-03-01 2023-02-28 08897154 frs-core:CurrentFinancialInstruments 2023-02-28 08897154 frs-core:ShareCapital 2023-02-28 08897154 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08897154
'Po'roperties Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Profit Guide Accountants Ltd
Chartered Accountants
7 North Road
Great Yeldham
Halstead
CO9 4QA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08897154
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 10 153
Cash at bank and in hand 38,725 23,769
38,735 23,922
Creditors: Amounts Falling Due Within One Year 6 (15,422 ) (8,612 )
NET CURRENT ASSETS (LIABILITIES) 23,313 15,310
TOTAL ASSETS LESS CURRENT LIABILITIES 23,313 15,310
NET ASSETS 23,313 15,310
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 23,213 15,210
SHAREHOLDERS' FUNDS 23,313 15,310
For the year ending 29 February 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 Stephen Galley
Director
11 September 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
'Po'roperties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08897154 . The registered office is C/O 4 Barnard Close, Little Canfield, Dunmow, Essex, CM6 1ZB.
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 rental of properties and is recognised on a monthly receivable basis. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Computer Equipment straight line over 3 years
2.4. 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 year 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 asset reflects 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)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 688
As at 29 February 2024 688
Depreciation
As at 1 March 2023 688
As at 29 February 2024 688
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Due after more than one year
Amounts owed by participating interests 10 153
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 12,853 5,685
Taxation and social security 2,569 2,927
15,422 8,612
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3