Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11484997 P A Poulton M J Poulton M J Poulton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11484997 2023-05-31 11484997 2024-05-31 11484997 2023-06-01 2024-05-31 11484997 frs-core:CurrentFinancialInstruments 2024-05-31 11484997 frs-core:Non-currentFinancialInstruments 2024-05-31 11484997 frs-core:PlantMachinery 2024-05-31 11484997 frs-core:PlantMachinery 2023-06-01 2024-05-31 11484997 frs-core:PlantMachinery 2023-05-31 11484997 frs-core:ShareCapital 2024-05-31 11484997 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11484997 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11484997 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11484997 frs-bus:SmallEntities 2023-06-01 2024-05-31 11484997 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11484997 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11484997 frs-bus:Director1 2023-06-01 2024-05-31 11484997 frs-bus:Director2 2023-06-01 2024-05-31 11484997 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 11484997 frs-countries:EnglandWales 2023-06-01 2024-05-31 11484997 2022-05-31 11484997 2023-05-31 11484997 2022-06-01 2023-05-31 11484997 frs-core:CurrentFinancialInstruments 2023-05-31 11484997 frs-core:Non-currentFinancialInstruments 2023-05-31 11484997 frs-core:ShareCapital 2023-05-31 11484997 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11484997
PPP1 Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Shaw Austin
Chartered Accountants
45 City Road
Chester
CH1 3AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11484997
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,732 1,819
Investment Properties 5 162,634 162,634
164,366 164,453
CURRENT ASSETS
Cash at bank and in hand 263 3,045
263 3,045
Creditors: Amounts Falling Due Within One Year 6 (40,263 ) (33,420 )
NET CURRENT ASSETS (LIABILITIES) (40,000 ) (30,375 )
TOTAL ASSETS LESS CURRENT LIABILITIES 124,366 134,078
Creditors: Amounts Falling Due After More Than One Year 7 (122,836 ) (131,053 )
NET ASSETS 1,530 3,025
CAPITAL AND RESERVES
Called up share capital 8 11 11
Profit and Loss Account 1,519 3,014
SHAREHOLDERS' FUNDS 1,530 3,025
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Page 2
For the year ending 31 May 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
M J Poulton
Director
21 February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PPP1 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11484997 . The registered office is 15 Daniell Way Great Boughton, Chester, CH3 5XH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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, for the rental of property in the ordinary course of the company's activities.
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 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:
Plant & Machinery 20% on cost
2.4. 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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 year 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.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2023 4,280
Additions 769
As at 31 May 2024 5,049
Depreciation
As at 1 June 2023 2,461
Provided during the period 856
As at 31 May 2024 3,317
Net Book Value
As at 31 May 2024 1,732
As at 1 June 2023 1,819
5. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 162,634
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 40,065 32,931
Taxation and social security 198 489
40,263 33,420
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 122,836 131,053
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 11 11
9. Related Party Transactions
The directors have made a loan available to the company throughout the period for the amount of £132,836 (2023 - £141,053). Interest has been charged, at a rate lower than commercial rate and the loan is repayable on demand. 
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