Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08220786 Mr L J Fitzpatrick Miss T Fitzpatrick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08220786 2023-03-31 08220786 2024-03-31 08220786 2023-04-01 2024-03-31 08220786 frs-core:CurrentFinancialInstruments 2024-03-31 08220786 frs-core:Non-currentFinancialInstruments 2024-03-31 08220786 frs-core:ShareCapital 2023-03-31 08220786 frs-core:ShareCapital 2024-03-31 08220786 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 08220786 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-03-31 08220786 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08220786 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08220786 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08220786 frs-core:RetainedEarningsAccumulatedLosses frs-core:PriorPeriodErrorIncreaseDecrease 2023-03-31 08220786 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08220786 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08220786 frs-bus:SmallEntities 2023-04-01 2024-03-31 08220786 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08220786 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08220786 frs-bus:Director1 2023-04-01 2024-03-31 08220786 frs-bus:Director2 2023-04-01 2024-03-31 08220786 frs-countries:EnglandWales 2023-04-01 2024-03-31 08220786 2022-03-31 08220786 2023-03-31 08220786 2022-04-01 2023-03-31 08220786 frs-core:CurrentFinancialInstruments 2023-03-31 08220786 frs-core:Non-currentFinancialInstruments 2023-03-31 08220786 frs-core:ShareCapital 2022-03-31 08220786 frs-core:ShareCapital 2023-03-31 08220786 frs-core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 08220786 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-03-31 08220786 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08220786
Pinley Maintenance Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: 08220786
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 4,928,636 4,257,314
4,928,636 4,257,314
CURRENT ASSETS
Debtors 6 250 1,426
Cash at bank and in hand 299,807 169,472
300,057 170,898
Creditors: Amounts Falling Due Within One Year 7 (3,021,479 ) (2,070,561 )
NET CURRENT ASSETS (LIABILITIES) (2,721,422 ) (1,899,663 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,207,214 2,357,651
Creditors: Amounts Falling Due After More Than One Year 8 (2,110,759 ) (2,294,271 )
NET ASSETS 96,455 63,380
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 96,453 63,378
SHAREHOLDERS' FUNDS 96,455 63,380
Page 1
Page 2
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 L J Fitzpatrick
Director
Miss T Fitzpatrick
Director
16 November 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2022 2 52,386 52,388
Profit for the year and total comprehensive income - 10,992 10,992
As at 31 March 2023 2 63,378 63,380
As at 1 April 2023 as previously stated 2 93,996 93,998
Prior year adjustment - (30,618 ) (30,618 )
As at 1 April 2023 as restated 2 63,378 63,380
63,378
Profit for the year and total comprehensive income - 35,075 35,075
Dividends paid - (2,000) (2,000)
As at 31 March 2024 2 96,453 96,455
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Pinley Maintenance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08220786 . The registered office is 10 Brooks Road, Sutton Coldfield, B72 1HP.
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. 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.
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Prior Period Adjustment
The 2023 accounts have been restated to account for only rentals received from property owned by the company.
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 4,257,314
Additions 671,322
As at 31 March 2024 4,928,636
Page 4
Page 5
6. Debtors
2024 2023
as restated
£ £
Due within one year
Other debtors 250 1,426
250 1,426
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Bank loans and overdrafts 22,500 32,500
Amounts owed to participating interests 2,924,250 1,995,250
Other creditors 73,684 40,233
Taxation and social security 1,045 2,578
3,021,479 2,070,561
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 2,110,759 2,294,271
2,110,759 2,294,271
9. Secured Creditors
Of the creditors the following amounts are secured on the assets to which they relate.
2024 2023
as restated
£ £
Bank loans and overdrafts 2,110,759 2,294,271
10. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 2 2
Page 5