Acorah Software Products - Accounts Production 15.0.600 false true true 31 May 2023 9 May 2022 false 1 June 2023 31 May 2024 31 May 2024 SC731834 Mr Alistair Persheyev iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC731834 2023-05-31 SC731834 2024-05-31 SC731834 2023-06-01 2024-05-31 SC731834 frs-core:CurrentFinancialInstruments 2024-05-31 SC731834 frs-core:Non-currentFinancialInstruments 2024-05-31 SC731834 frs-core:InvestmentPropertyIncludedWithinPPE 2024-05-31 SC731834 frs-core:InvestmentPropertyIncludedWithinPPE 2023-05-31 SC731834 frs-core:ShareCapital 2024-05-31 SC731834 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC731834 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC731834 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC731834 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC731834 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC731834 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC731834 frs-bus:Director1 2023-06-01 2024-05-31 SC731834 frs-countries:Scotland 2023-06-01 2024-05-31 SC731834 2022-05-08 SC731834 2023-05-31 SC731834 2022-05-09 2023-05-31 SC731834 frs-core:CurrentFinancialInstruments 2023-05-31 SC731834 frs-core:Non-currentFinancialInstruments 2023-05-31 SC731834 frs-core:ShareCapital 2023-05-31 SC731834 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: SC731834
Persheyev Family Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC731834
31 May 2024 31 May 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 510,000 185,000
510,000 185,000
CURRENT ASSETS
Debtors 5 1,288 1
Cash at bank and in hand 3,345 62,272
4,633 62,273
Creditors: Amounts Falling Due Within One Year 6 (177,631 ) (124,429 )
NET CURRENT ASSETS (LIABILITIES) (172,998 ) (62,156 )
TOTAL ASSETS LESS CURRENT LIABILITIES 337,002 122,844
Creditors: Amounts Falling Due After More Than One Year 7 (363,384 ) (132,303 )
NET LIABILITIES (26,382 ) (9,459 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (26,383 ) (9,460 )
SHAREHOLDERS' FUNDS (26,382) (9,459)
Page 1
Page 2
For the year ending 31 May 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 Alistair Persheyev
Director
25/09/2024
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
Persheyev Family Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC731834 . The registered office is 22 Marchfield Road, Dundee, DD2 1JG.
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 director has 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.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2.4. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
Changes in fair value are recognised in the profit and loss account.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 June 2023 185,000
Additions 332,236
Revaluation (7,236)
As at 31 May 2024 510,000
Net Book Value
As at 31 May 2024 510,000
As at 1 June 2023 185,000
Page 3
Page 4
5. Debtors
31 May 2024 31 May 2023
£ £
Due within one year
Prepayments and accrued income 1,287 -
Other debtors 1 1
1,288 1
6. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 May 2023
£ £
Accruals and deferred income 998 -
Director's loan account 176,633 124,429
177,631 124,429
7. Creditors: Amounts Falling Due After More Than One Year
31 May 2024 31 May 2023
£ £
Bank loans 363,384 132,303
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured by a fixed charge over the investment properties. The mortgages are interest only with a term of 30 years.
31 May 2024 31 May 2023
£ £
Bank loans and overdrafts 363,384 132,303
9. Share Capital
31 May 2024 31 May 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4