Acorah Software Products - Accounts Production 16.0.110 false true true 30 November 2022 24 November 2021 false 1 December 2022 30 November 2023 30 November 2023 13763938 Mr P Sadja iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13763938 2022-11-30 13763938 2023-11-30 13763938 2022-12-01 2023-11-30 13763938 frs-core:CurrentFinancialInstruments 2023-11-30 13763938 frs-core:Non-currentFinancialInstruments 2023-11-30 13763938 frs-core:ShareCapital 2023-11-30 13763938 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 13763938 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13763938 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 13763938 frs-bus:SmallEntities 2022-12-01 2023-11-30 13763938 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13763938 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13763938 frs-bus:Director1 2022-12-01 2023-11-30 13763938 frs-countries:EnglandWales 2022-12-01 2023-11-30 13763938 2021-11-23 13763938 2022-11-30 13763938 2021-11-24 2022-11-30 13763938 frs-core:CurrentFinancialInstruments 2022-11-30 13763938 frs-core:Non-currentFinancialInstruments 2022-11-30 13763938 frs-core:ShareCapital 2022-11-30 13763938 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 13763938
PRP (Midlands) Ltd
Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13763938
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 577,496 503,201
577,496 503,201
CURRENT ASSETS
Debtors 5 2,817 4,920
Cash at bank and in hand 772 865
3,589 5,785
Creditors: Amounts Falling Due Within One Year 6 (830 ) (830 )
NET CURRENT ASSETS (LIABILITIES) 2,759 4,955
TOTAL ASSETS LESS CURRENT LIABILITIES 580,255 508,156
Creditors: Amounts Falling Due After More Than One Year 7 (595,137 ) (521,755 )
NET LIABILITIES (14,882 ) (13,599 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (14,982 ) (13,699 )
SHAREHOLDERS' FUNDS (14,882) (13,599)
Page 1
Page 2
For the year ending 30 November 2023 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 P Sadja
Director
24 September 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
PRP (Midlands) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13763938 . The registered office is 550 Valley Road, Nottingham, NG5 1JJ.
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
At the 30th November 2022, the company had net liabilities totalling £14,882. The company is reliant on the continued support of the director. The director has confirmed his intention to support the company for at least twelve months from the date of signing the accounts.
On the above basis, the director considers that the accounts should be prepared on a going concern basis.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investment Property
2023
£
Fair Value
As at 1 December 2022 503,201
Additions 74,295
As at 30 November 2023 577,496
5. Debtors
2023 2022
£ £
Due within one year
VAT 2,817 4,920
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 830 830
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 247,500 247,500
Directors loan account 347,637 274,255
595,137 521,755
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
At the balance sheet date, the amount owed to the director through the directors loan account totalled £347,637 (2022: £274,255).
The directors loan account is unsecured, interest free and repayable on demand.
Page 4