Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10328673 Mr David Powell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10328673 2023-05-31 10328673 2024-05-31 10328673 2023-06-01 2024-05-31 10328673 frs-core:CurrentFinancialInstruments 2024-05-31 10328673 frs-core:Non-currentFinancialInstruments 2024-05-31 10328673 frs-core:ComputerEquipment 2024-05-31 10328673 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10328673 frs-core:ComputerEquipment 2023-05-31 10328673 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10328673 frs-core:ShareCapital 2024-05-31 10328673 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10328673 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10328673 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10328673 frs-bus:SmallEntities 2023-06-01 2024-05-31 10328673 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10328673 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10328673 frs-bus:Director1 2023-06-01 2024-05-31 10328673 frs-countries:EnglandWales 2023-06-01 2024-05-31 10328673 2022-05-31 10328673 2023-05-31 10328673 2022-06-01 2023-05-31 10328673 frs-core:CurrentFinancialInstruments 2023-05-31 10328673 frs-core:Non-currentFinancialInstruments 2023-05-31 10328673 frs-core:ShareCapital 2023-05-31 10328673 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10328673
Powell Property Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
James Khan
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10328673
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 102 136
Investment Properties 5 780,000 780,000
780,102 780,136
CURRENT ASSETS
Cash at bank and in hand 3,470 755
3,470 755
Creditors: Amounts Falling Due Within One Year 6 (193,393 ) (191,050 )
NET CURRENT ASSETS (LIABILITIES) (189,923 ) (190,295 )
TOTAL ASSETS LESS CURRENT LIABILITIES 590,179 589,841
Creditors: Amounts Falling Due After More Than One Year 7 (475,989 ) (484,988 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,682 ) (2,682 )
NET ASSETS 111,508 102,171
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 111,507 102,170
SHAREHOLDERS' FUNDS 111,508 102,171
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 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 David Powell
Director
18/09/2024
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
Powell Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10328673 . The registered office is 79 Broadway, Cardiff, CF24 1QF.
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.

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:
Freehold Nil
Computer Equipment 25% Reducing balance
2.4. 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.
2.5. Taxation
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.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 571
As at 31 May 2024 571
Depreciation
As at 1 June 2023 435
Provided during the period 34
As at 31 May 2024 469
Net Book Value
As at 31 May 2024 102
As at 1 June 2023 136
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Page 4
Cost or valuation as at 31 May 2024 represented by:
Computer Equipment
£
At cost 571
571
5. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 780,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 9,000 9,000
Other creditors 180,647 174,887
Taxation and social security 3,746 7,163
193,393 191,050
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 475,989 484,988
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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