Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 SC147392 Ms K Abernethy Mr D G Abernethy Ms P J Abernethy Dr P Abernethy Mr D G Abernethy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC147392 2023-04-30 SC147392 2024-04-30 SC147392 2023-05-01 2024-04-30 SC147392 frs-core:CurrentFinancialInstruments 2024-04-30 SC147392 frs-core:ComputerEquipment 2024-04-30 SC147392 frs-core:ComputerEquipment 2023-05-01 2024-04-30 SC147392 frs-core:ComputerEquipment 2023-04-30 SC147392 frs-core:FurnitureFittings 2024-04-30 SC147392 frs-core:FurnitureFittings 2023-05-01 2024-04-30 SC147392 frs-core:FurnitureFittings 2023-04-30 SC147392 frs-core:ShareCapital 2024-04-30 SC147392 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC147392 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC147392 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC147392 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC147392 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC147392 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC147392 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-30 SC147392 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-30 SC147392 frs-bus:Director1 2023-05-01 2024-04-30 SC147392 frs-bus:Director2 2023-05-01 2024-04-30 SC147392 frs-bus:Director3 2023-05-01 2024-04-30 SC147392 frs-bus:Director4 2023-05-01 2024-04-30 SC147392 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 SC147392 frs-countries:Scotland 2023-05-01 2024-04-30 SC147392 2022-04-30 SC147392 2023-04-30 SC147392 2022-05-01 2023-04-30 SC147392 frs-core:CurrentFinancialInstruments 2023-04-30 SC147392 frs-core:ShareCapital 2023-04-30 SC147392 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 SC147392 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-30
Registered number: SC147392
Pamaber Properties Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC147392
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,114 1,789
Investment Properties 5 1,337,351 1,568,573
1,338,465 1,570,362
CURRENT ASSETS
Debtors 6 4,604 2,494
Cash at bank and in hand 40,131 28,019
44,735 30,513
Creditors: Amounts Falling Due Within One Year 7 (192,964 ) (190,682 )
NET CURRENT ASSETS (LIABILITIES) (148,229 ) (160,169 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,190,236 1,410,193
NET ASSETS 1,190,236 1,410,193
CAPITAL AND RESERVES
Called up share capital 8 427,002 427,002
Fair value reserve 9 28,422 264,009
Profit and Loss Account 734,812 719,182
SHAREHOLDERS' FUNDS 1,190,236 1,410,193
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Page 2
For the year ending 30 April 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 D G Abernethy
Director
24/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pamaber Properties Limited is a private company, limited by shares, incorporated in Scotland, registered number SC147392 . The registered office is 4 Circus Gardens, Edinburgh, EH3 6TN.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes rental income earned from operating leases. Turnover from an operating lease is recognised on a straight line basis over the term of the lease.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold properties, 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:
Fixtures & Fittings 15% on cost
Computer Equipment 33% on cost
2.4. Investment Properties
Freehold investment properties, which include the value of capital enhancements, are initially measured at cost and subsequently measured, where fair value can be measured reliably, at fair value. Valuations are undertaken by independent professional valuers on a timely basis. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of investment property gains and losses in the financial statements and their inclusion in tax assessments. Current and deferred tax assets and liabilities are not discounted.
2.6. Leased assets
Rental income on freehold investment property under the terms of the operating lease is recognised in the profit and loss account on a straight line basis over the term of the lease. Costs incurred with earning the lease income, including depreciation, are recognised as expenses. There are no non-cancellable operating leases entered into by the Company. All leases for properties in Scotland are in compliance with section 10 of the Private Housing (Tenancies) (Scotland) Act 2016. All leases for properties in England are in compliance with the Housing Act 1988 as amended by Part III of the Housing Act 1996.
2.7. Debtors
Short term debtors are measured at transaction price (whihc is usually the invoice price), less any impairment losses for bad and doubtful debts.
2.8. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initally recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method, with the exception of Directors loans.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 May 2023 32,698 1,499 34,197
Disposals (4,008 ) - (4,008 )
As at 30 April 2024 28,690 1,499 30,189
Depreciation
As at 1 May 2023 30,909 1,499 32,408
Provided during the period 675 - 675
Disposals (4,008 ) - (4,008 )
As at 30 April 2024 27,576 1,499 29,075
Net Book Value
As at 30 April 2024 1,114 - 1,114
As at 1 May 2023 1,789 - 1,789
5. Investment Property
2024
£
Fair Value
As at 1 May 2023 1,568,573
Additions 4,365
Fair value adjustments (235,587 )
As at 30 April 2024 1,337,351
The company's freehold investment property portfolio was revalued at market value to £1,335,000 by two professional valuation companies - DM Hall Chartered Surveyors on 22 March 2024 and Standley Estates on 25 March 2024. The historical cost is £1,983,704. The loss on current revaluation of £235,587 is included in the income statement. No depreciation is charged on freehold investment property.
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 780 1,502
Other debtors 3,824 992
4,604 2,494
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,131 617
Corporation tax 4,178 5,911
Other creditors 142,584 140,591
Accruals and deferred income 4,460 4,952
Directors' loan accounts 38,611 38,611
192,964 190,682
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 427,002 427,002
9. Reserves
Fair Value Reserve
£
As at 1 May 2023 264,009
Movements in fair value reserve (235,587)
As at 30 April 2024 28,422
10. Related Party Transactions
Within Other Creditors is a loan of £140,000 provided by Pamaber Lothian Ltd, an entity in which a Director is a member of the key management personnel. Interest is payable at 2.36% per annum - a rate that was available on the market at the time the loan was entered into. The loan is measured at amortised cost, and is repayable on demand. The balance due at 30 April 2024, including interest due, was £142,305.
At 1 May 2023, the company had a loan balance brought forward of £38,611 due to a Director. This amount was outstanding at the year end. The loan is interest-free and repayable on demand.
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