Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 08896517 J Henry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08896517 2023-02-28 08896517 2024-02-29 08896517 2023-03-01 2024-02-29 08896517 frs-core:CurrentFinancialInstruments 2024-02-29 08896517 frs-core:Non-currentFinancialInstruments 2024-02-29 08896517 frs-core:MotorVehicles 2024-02-29 08896517 frs-core:MotorVehicles 2023-03-01 2024-02-29 08896517 frs-core:MotorVehicles 2023-02-28 08896517 frs-core:ShareCapital 2024-02-29 08896517 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 08896517 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08896517 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08896517 frs-bus:SmallEntities 2023-03-01 2024-02-29 08896517 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08896517 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08896517 frs-bus:Director1 2023-03-01 2024-02-29 08896517 frs-countries:EnglandWales 2023-03-01 2024-02-29 08896517 2022-02-28 08896517 2023-02-28 08896517 2022-03-01 2023-02-28 08896517 frs-core:CurrentFinancialInstruments 2023-02-28 08896517 frs-core:Non-currentFinancialInstruments 2023-02-28 08896517 frs-core:ShareCapital 2023-02-28 08896517 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08896517
The Property Tax Refund Organisation Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08896517
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 249,332 332,443
249,332 332,443
CURRENT ASSETS
Debtors 5 123,206 123,146
Cash at bank and in hand 2,120 34,998
125,326 158,144
Creditors: Amounts Falling Due Within One Year 6 (743,344 ) (741,572 )
NET CURRENT ASSETS (LIABILITIES) (618,018 ) (583,428 )
TOTAL ASSETS LESS CURRENT LIABILITIES (368,686 ) (250,985 )
Creditors: Amounts Falling Due After More Than One Year 7 (15,964 ) (35,574 )
NET LIABILITIES (384,650 ) (286,559 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (384,750 ) (286,659 )
SHAREHOLDERS' FUNDS (384,650) (286,559)
Page 1
Page 2
For the year ending 29 February 2024 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
J Henry
Director
26/11/2024
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
The Property Tax Refund Organisation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08896517 . The registered office is 6th Floor, Parsonage Chambers, 3 Parsonage, Manchester, M3 2HW.
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 the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
There have been no judgements, estimates or assumptions made in the preparation of these financial statements.
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.
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. 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:
Motor Vehicles 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 March 2023 420,809
As at 29 February 2024 420,809
Depreciation
As at 1 March 2023 88,366
Provided during the period 83,111
As at 29 February 2024 171,477
...CONTINUED
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Net Book Value
As at 29 February 2024 249,332
As at 1 March 2023 332,443
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 36,000 36,000
VAT 87,206 87,146
123,206 123,146
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 22,826 12,269
Other taxes and social security 223 223
Accruals and deferred income 1,250 1,000
Director's loan account 719,045 728,080
743,344 741,572
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,964 35,574
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4