Acorah Software Products - Accounts Production 16.1.300 true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04058544 Mrs J Price iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04058544 2023-06-30 04058544 2024-06-30 04058544 2023-07-01 2024-06-30 04058544 frs-core:ShareCapital 2024-06-30 04058544 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04058544 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04058544 frs-bus:AbridgedAccounts 2023-07-01 2024-06-30 04058544 frs-bus:SmallEntities 2023-07-01 2024-06-30 04058544 frs-bus:EntityHasNeverTraded 2023-07-01 2024-06-30 04058544 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04058544 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04058544 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 04058544 frs-bus:OrdinaryShareClass1 2024-06-30 04058544 frs-bus:Director1 2023-07-01 2024-06-30 04058544 frs-countries:EnglandWales 2023-07-01 2024-06-30 04058544 2022-06-30 04058544 2023-06-30 04058544 2022-07-01 2023-06-30 04058544 frs-core:ShareCapital 2023-06-30 04058544 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 04058544 frs-bus:OrdinaryShareClass1 2022-07-01 2023-06-30
Registered number: 04058544
Park City Selection Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Abridged Balance Sheet 1
Notes to the Abridged Financial Statements 2
Page 1
Abridged Balance Sheet
Registered number: 04058544
2024 2023
Notes £ £ £ £
Creditors: Amounts Falling Due Within One Year (5,656 ) (5,656 )
NET CURRENT ASSETS (LIABILITIES) (5,656 ) (5,656 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,656 ) (5,656 )
NET LIABILITIES (5,656 ) (5,656 )
CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and Loss Account (5,756 ) (5,756 )
SHAREHOLDERS' FUNDS (5,656) (5,656)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 her 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 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs J Price
Director
29/11/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Abridged Financial Statements
1. General Information
Park City Selection Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04058544 . The registered office is 25 Farringdon Street, London, EC4A 4AB.
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. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at  transaction price including transaction costs and are subsequently carried at amortised cost using the effective  interest method unless the arrangement constitutes a financing transaction, where the transaction is  measured at the present value of the future receipts discounted at a market rate of interest. Financial assets  classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.5. Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.6. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
Page 2