Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 21 July 2022 false 1 August 2023 31 March 2024 31 March 2024 14249494 Mark Pow Martin Pow iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14249494 2023-07-31 14249494 2024-03-31 14249494 2023-08-01 2024-03-31 14249494 frs-core:CurrentFinancialInstruments 2024-03-31 14249494 frs-core:Non-currentFinancialInstruments 2024-03-31 14249494 frs-core:RevaluationReserve 2023-08-01 2024-03-31 14249494 frs-core:RevaluationReserve 2024-03-31 14249494 frs-core:ShareCapital 2024-03-31 14249494 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14249494 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-03-31 14249494 frs-bus:FilletedAccounts 2023-08-01 2024-03-31 14249494 frs-bus:SmallEntities 2023-08-01 2024-03-31 14249494 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-03-31 14249494 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-03-31 14249494 frs-bus:Director1 2023-08-01 2024-03-31 14249494 frs-bus:Director2 2023-08-01 2024-03-31 14249494 frs-countries:EnglandWales 2023-08-01 2024-03-31 14249494 2022-07-20 14249494 2023-07-31 14249494 2022-07-21 2023-07-31 14249494 frs-core:CurrentFinancialInstruments 2023-07-31 14249494 frs-core:Non-currentFinancialInstruments 2023-07-31 14249494 frs-core:RevaluationReserve 2023-07-31 14249494 frs-core:ShareCapital 2023-07-31 14249494 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 14249494
Pow Property Group Ltd
Unaudited Financial Statements
For the Period 1 August 2023 to 31 March 2024
Nijjer Accountants Ltd
Chartered Accountants
5-7 Station Road
Longfield
Kent
DA3 7QD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14249494
31 March 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 480,002 235,000
480,002 235,000
CURRENT ASSETS
Debtors 5 56,466 -
Cash at bank and in hand 2,018 100
58,484 100
Creditors: Amounts Falling Due Within One Year 6 (2,616 ) (235,720 )
NET CURRENT ASSETS (LIABILITIES) 55,868 (235,620 )
TOTAL ASSETS LESS CURRENT LIABILITIES 535,870 (620 )
Creditors: Amounts Falling Due After More Than One Year 7 (352,804 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (48,195 ) -
NET ASSETS/(LIABILITIES) 134,871 (620 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 144,533 -
Profit and Loss Account (9,762 ) (720 )
SHAREHOLDERS' FUNDS 134,871 (620)
Page 1
Page 2
For the period ending 31 March 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
Mark Pow
Director
14 October 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
Pow Property Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14249494 . The registered office is 5-7 Station Road, Longfield, Kent, DA3 7QD.
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
Income is measured at the fair value of the consideration received or receivable from rents and service charges and sales of properties when contracts have been completed such that risks and rewards of ownership have transferred to customers. 
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current
tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.Current and deferred tax assets and liabilities are not discounted.
2.5. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses
for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any
transaction costs and subsequently measured at amortised cost determined using the effective interest method, less
any impairment losses for bad and doubtful debts.
2.6. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial
liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2023: NIL)
- -
4. Investment Property
31 March 2024
£
Fair Value
As at 1 August 2023 235,000
Additions 52,225
Revaluations 192,777
As at 31 March 2024 480,002
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
Page 3
Page 4
31 March 2024 31 July 2023
£ £
Cost 260,734 235,000
Accumulated depreciation and impairment 9,915 4,700
Carrying amount 250,819 230,300
5. Debtors
31 March 2024 31 July 2023
£ £
Due within one year
Amounts owed by group undertakings 56,466 -
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 July 2023
£ £
Deposits 1,480 -
Accruals and deferred income 1,136 720
Amounts owed to parent undertaking - 235,000
2,616 235,720
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 July 2023
£ £
Bank loans 352,804 -
8. Share Capital
31 March 2024 31 July 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
Surplus on revaluation 144,533
As at 31 March 2024 144,533
Page 4