Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11646674 Mr M Shityakov Mr S Postlethwaite true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11646674 2023-03-31 11646674 2024-03-31 11646674 2023-04-01 2024-03-31 11646674 frs-core:CurrentFinancialInstruments 2024-03-31 11646674 frs-core:Non-currentFinancialInstruments 2024-03-31 11646674 frs-core:ShareCapital 2024-03-31 11646674 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11646674 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11646674 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11646674 frs-bus:SmallEntities 2023-04-01 2024-03-31 11646674 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11646674 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11646674 1 2023-04-01 2024-03-31 11646674 frs-bus:Director1 2023-04-01 2024-03-31 11646674 frs-bus:Director2 2023-04-01 2024-03-31 11646674 frs-countries:EnglandWales 2023-04-01 2024-03-31 11646674 2022-03-31 11646674 2023-03-31 11646674 2022-04-01 2023-03-31 11646674 frs-core:CurrentFinancialInstruments 2023-03-31 11646674 frs-core:Non-currentFinancialInstruments 2023-03-31 11646674 frs-core:ShareCapital 2023-03-31 11646674 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11646674
Posh Lettings Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11646674
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 503,285 503,285
503,285 503,285
CURRENT ASSETS
Debtors 5 26,291 24,157
Cash at bank and in hand 309 1,557
26,600 25,714
Creditors: Amounts Falling Due Within One Year 6 (60,783 ) (51,291 )
NET CURRENT ASSETS (LIABILITIES) (34,183 ) (25,577 )
TOTAL ASSETS LESS CURRENT LIABILITIES 469,102 477,708
Creditors: Amounts Falling Due After More Than One Year 7 (510,055 ) (510,053 )
NET LIABILITIES (40,953 ) (32,345 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (40,954 ) (32,346 )
SHAREHOLDERS' FUNDS (40,953) (32,345)
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For the year 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
Mr S Postlethwaite
Director
10 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Posh Lettings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11646674 . The registered office is 2 St. Johns Road, Leicester, LE2 2BL.

Principal activities

The principal activity of the company during the year continued to be that of property investment.
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.
The company's functional and presentational currency is British Pound Sterling (£).
2.2. Going Concern Disclosure
The going concern of the company has been considered by the directors and they believe that the company will trade for at least 12 months after the date of signing the Balance Sheet. The company will receive the support from the directors.
2.3. 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 rendering of services. 
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
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.
2.6. Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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2.7. Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 503,285
The directors consider the cost of the investment property a true and fair reflection of the fair value.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 21,776 19,642
Other debtors 4,515 4,515
26,291 24,157
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 13,292 9,820
Other creditors 47,491 41,471
60,783 51,291
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 510,055 510,053
8. Secured Creditors
One Savings Bank PLC holds a fixed charge over the fixed assets of the company.

The following secured debts are included withing creditors:
2024 2023
£ £
Bank loans and overdrafts 510,053 510,053
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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10. Related Party Transactions
At the year end the company owed £12,940 (2023: £12,440) to the directors of the company.

At the year end the company owed £16,881 (2023: £11,361) to a related entity.

No interest was charged on the above balances.
11. Ultimate Parent Undertaking and Controlling Party
The ultimate parent undertaking of the company is Soho Holdings Limited. The registered office and principal place of business of Soho Holdings Limited is 2 St John's Road, Stoneygate, Leicester, LE2 2BL.

The company is the subsidiary undertaking of a small group and as such is not required by the Companies House Act 2006 to prepare group accounts.
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