Acorah Software Products - Accounts Production 16.0.110 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12816795 Mr Philip Van Dedem Philip Van Dedem true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12816795 2023-08-31 12816795 2024-08-31 12816795 2023-09-01 2024-08-31 12816795 frs-core:CurrentFinancialInstruments 2024-08-31 12816795 frs-core:ShareCapital 2024-08-31 12816795 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12816795 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12816795 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12816795 frs-bus:SmallEntities 2023-09-01 2024-08-31 12816795 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12816795 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12816795 1 2023-09-01 2024-08-31 12816795 frs-bus:Director1 2023-09-01 2024-08-31 12816795 frs-countries:EnglandWales 2023-09-01 2024-08-31 12816795 2022-08-31 12816795 2023-08-31 12816795 2022-09-01 2023-08-31 12816795 frs-core:CurrentFinancialInstruments 2023-08-31 12816795 frs-core:ShareCapital 2023-08-31 12816795 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12816795
Prop Cos Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 12816795
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 2,015,417 2,015,358
Cash at bank and in hand - 422
2,015,417 2,015,780
Creditors: Amounts Falling Due Within One Year 5 (2,021,366 ) (2,019,529 )
NET CURRENT ASSETS (LIABILITIES) (5,949 ) (3,749 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,949 ) (3,749 )
NET LIABILITIES (5,949 ) (3,749 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (6,049 ) (3,849 )
SHAREHOLDERS' FUNDS (5,949) (3,749)
For the year ending 31 August 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
Mr Philip Van Dedem
Director
27/11/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Prop Cos Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12816795 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,012,000 2,012,000
Amounts owed by associates 3,417 3,358
2,015,417 2,015,358
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 22 -
Other creditors 12,000 12,000
Director's loan account 2,009,344 2,007,529
2,021,366 2,019,529
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
Included in Debtors is an amount for £3,417.20 (2023: £3,357.60) owed by AGF One Ltd., a company registered in England & Wales. The director Mr Philip Van Dedem is also a director and controlling shareholder of AGF One Ltd.
8. Ultimate Controlling Party
The company's ultimate controlling party is Philip Van Dedem by virtue of his ownership of 100% of the issued share capital in the company.
Page 2