Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 13026008 Mr Raymond Eamer Mr Luke Mcleod iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13026008 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-07-31 13026008 2023-07-31 13026008 2024-07-31 13026008 2023-08-01 2024-07-31 13026008 frs-core:Non-currentFinancialInstruments 2024-07-31 13026008 frs-core:ShareCapital 2024-07-31 13026008 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 13026008 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13026008 frs-bus:AbridgedAccounts 2023-08-01 2024-07-31 13026008 frs-bus:SmallEntities 2023-08-01 2024-07-31 13026008 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13026008 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13026008 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-01 2024-07-31 13026008 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-07-31 13026008 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-07-31 13026008 frs-bus:Director1 2023-08-01 2024-07-31 13026008 frs-bus:Director2 2023-08-01 2024-07-31 13026008 frs-countries:EnglandWales 2023-08-01 2024-07-31 13026008 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-07-31 13026008 2022-07-31 13026008 2023-07-31 13026008 2022-08-01 2023-07-31 13026008 frs-core:Non-currentFinancialInstruments 2023-07-31 13026008 frs-core:ShareCapital 2023-07-31 13026008 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 13026008 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-07-31
Registered number: 13026008
Prometheus Property Holdings Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 13026008
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 435,000 420,060
435,000 420,060
CURRENT ASSETS
Debtors 3,040 2,381
Cash at bank and in hand 3,646 2,028
6,686 4,409
Creditors: Amounts Falling Due Within One Year (122,178 ) (115,375 )
NET CURRENT ASSETS (LIABILITIES) (115,492 ) (110,966 )
TOTAL ASSETS LESS CURRENT LIABILITIES 319,508 309,094
Creditors: Amounts Falling Due After More Than One Year 5 (251,853 ) (260,042 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,730 ) (8,768 )
NET ASSETS 52,925 40,284
CAPITAL AND RESERVES
Called up share capital 7 2 2
Fair value reserve 8 46,356 37,379
Profit and Loss Account 6,567 2,903
SHAREHOLDERS' FUNDS 52,925 40,284
Page 1
Page 2
For the year ending 31 July 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Raymond Eamer
Director
Mr Luke Mcleod
Director
14/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Prometheus Property Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13026008 . The registered office is Units 1-2 Warrior Court, 9-11 Mumby Road, Gosport, Hampshire, PO12 1BS.
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. Significant judgements and estimations
In preparing these financial statements the directors have had to make the following estimates:
  • Determine the change in fair value of investment properties.  The fair values are determined from market data on comparable properties obtained from trusted sources.
2.3. Turnover
All turnover represents revenue earned from rental income.
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
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
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.
Page 3
Page 4
3. Average Number of Employees
The average number of persons employed under contracts of service during the year was:  NIL (2023: NIL)
- -
4. Tangible Assets
Total
£
Cost or Valuation
As at 1 August 2023 420,060
Revaluation 14,940
As at 31 July 2024 435,000
Net Book Value
As at 31 July 2024 435,000
As at 1 August 2023 420,060
Properties were revalued for the year by the directors (2023: by the directors).
Cost or valuation as at 31 July 2024 represented by:
Investment Properties
£
At cost 373,913
At valuation 61,087
435,000
5. Creditors: amounts falling due after five years
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 185,365 203,592
6. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured against investment property.
2024 2023
£ £
Bank loans and overdrafts 271,667 271,631
Page 4
Page 5
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Reserves
Fair Value Reserve
£
As at 1 August 2023 37,379
Transfer to profit and loss 8,977
As at 31 July 2024 46,356
9. Related Party Transactions
Good Move Finance LtdCompany controlled by the directorsLoan of £70,000. This loan is unsecured, interest free and repayable on demand.

Good Move Finance Ltd

Company controlled by the directors

Loan of £70,000. This loan is unsecured, interest free and repayable on demand.

£70,000 was owed to Good Move Finance Ltd by the company at 1 August 2023.  £Nil (2023: £10,000) was repaid during the year leaving a balance of £70,000 owed to Good Move Finance Ltd as at 31 July 2024.
Page 5