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 SC386656 Mrs L A Verrillo 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 SC386656 2023-04-30 SC386656 2024-04-30 SC386656 2023-05-01 2024-04-30 SC386656 frs-core:CurrentFinancialInstruments 2024-04-30 SC386656 frs-core:ComputerEquipment 2024-04-30 SC386656 frs-core:ComputerEquipment 2023-05-01 2024-04-30 SC386656 frs-core:ComputerEquipment 2023-04-30 SC386656 frs-core:FurnitureFittings 2024-04-30 SC386656 frs-core:FurnitureFittings 2023-05-01 2024-04-30 SC386656 frs-core:FurnitureFittings 2023-04-30 SC386656 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 SC386656 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC386656 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 SC386656 frs-core:RevaluationReserve 2023-05-01 2024-04-30 SC386656 frs-core:RevaluationReserve 2023-04-30 SC386656 frs-core:RevaluationReserve 2024-04-30 SC386656 frs-core:ShareCapital 2024-04-30 SC386656 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC386656 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC386656 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC386656 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC386656 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC386656 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC386656 frs-bus:Director1 2023-05-01 2024-04-30 SC386656 frs-bus:Director2 2023-05-01 2024-04-30 SC386656 frs-bus:Director3 2023-05-01 2024-04-30 SC386656 frs-bus:Director4 2023-05-01 2024-04-30 SC386656 frs-bus:Director5 2023-05-01 2024-04-30 SC386656 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 SC386656 frs-countries:Scotland 2023-05-01 2024-04-30 SC386656 2022-04-30 SC386656 2023-04-30 SC386656 2022-05-01 2023-04-30 SC386656 frs-core:CurrentFinancialInstruments 2023-04-30 SC386656 frs-core:RevaluationReserve 2023-04-30 SC386656 frs-core:ShareCapital 2023-04-30 SC386656 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: SC386656
Pamaber Rose Street Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Unaudited Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mrs L A Verrillo
Ms K Abernethy
Mr D G Abernethy
Ms P J Abernethy
Dr P Abernethy
Secretary Mr D G Abernethy
Company Number SC386656
Registered Office 4 Circus Gardens
Edinburgh
EH3 6TN
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Balance Sheet
Registered number: SC386656
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 945,619 824,549
945,619 824,549
CURRENT ASSETS
Debtors 5 20,600 21,590
Cash at bank and in hand 91,051 104,215
111,651 125,805
Creditors: Amounts Falling Due Within One Year 6 (376,592 ) (414,540 )
NET CURRENT ASSETS (LIABILITIES) (264,941 ) (288,735 )
TOTAL ASSETS LESS CURRENT LIABILITIES 680,678 535,814
PROVISIONS FOR LIABILITIES
Deferred Taxation (53,965 ) (26,965 )
NET ASSETS 626,713 508,849
CAPITAL AND RESERVES
Called up share capital 7 300 300
Revaluation reserve 8 305,443 212,443
Profit and Loss Account 320,970 296,106
SHAREHOLDERS' FUNDS 626,713 508,849
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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
27/01/2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pamaber Rose Street Limited is a private company, limited by shares, incorporated in Scotland, registered number SC386656 . 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 and value added taxes. Turnover includes revenue earned from the provision of short term holiday accommodation. Turnover is recognised when the services have been delivered to the customer such that the risks and rewards of the service provision have transferred to the customer. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets classed as freehold property are initially measured at cost and subsequently measured, where fair value can be measured reliably, at a revalued amount, being its fair value at the date of revaluation, less subsequent accumulated impairment losses. 
Tangible fixed assets classed as fixtures and fittings and computer equipment are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on these tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold Measured at fair value
Fixtures & Fittings 15% on cost
Computer Equipment 33% on cost
2.4. Taxation
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 income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
2.5. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. 
2.6. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured, with the exception of Directors loans, at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 May 2023 820,000 36,543 2,869 859,412
Additions - 1,263 1,729 2,992
Disposals - (85 ) - (85 )
Revaluation 120,000 - - 120,000
As at 30 April 2024 940,000 37,721 4,598 982,319
Depreciation
As at 1 May 2023 - 32,253 2,610 34,863
Provided during the period - 1,780 142 1,922
Disposals - (85 ) - (85 )
As at 30 April 2024 - 33,948 2,752 36,700
Net Book Value
As at 30 April 2024 940,000 3,773 1,846 945,619
As at 1 May 2023 820,000 4,290 259 824,549
The company's freehold property was revalued at market value to £940,000 by DM Hall Chartered Surveyors on 19 March 2024. The comparable amount for land and buildings at historical cost is £581,729. No depreciation is charged on freehold land and buildings.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,042 9,954
Prepayments and accrued income 9,558 11,636
20,600 21,590
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,162 18,629
Corporation tax 7,033 9,721
VAT 1,520 1,984
Accruals and deferred income 5,473 9,802
Directors' loan accounts 344,404 374,404
376,592 414,540
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
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8. Reserves
Revaluation Reserve
£
As at 1 May 2023 212,443
Surplus on revaluation 93,000
As at 30 April 2024 305,443
9. Related Party Transactions
At 1 May 2023, there were Directors loans outstanding of £374,404 on the balance sheet. During the year, the company repaid £30,000. The balance outstanding at 30 April 2024 was £344,404. Amounts due to the Directors are interest-free and repayable on demand.
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