Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 30 June 2024 30 June 2024 11646359 Mrs Claire Plunkett Mr Sean Rhodes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11646359 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-06-30 11646359 2023-10-31 11646359 2024-06-30 11646359 2023-11-01 2024-06-30 11646359 frs-core:CurrentFinancialInstruments 2024-06-30 11646359 frs-core:Non-currentFinancialInstruments 2024-06-30 11646359 frs-core:ShareCapital 2024-06-30 11646359 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11646359 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-06-30 11646359 frs-bus:FilletedAccounts 2023-11-01 2024-06-30 11646359 frs-bus:SmallEntities 2023-11-01 2024-06-30 11646359 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-06-30 11646359 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-06-30 11646359 frs-bus:OrdinaryShareClass1 2023-11-01 2024-06-30 11646359 frs-bus:OrdinaryShareClass1 2024-06-30 11646359 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 11646359 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 11646359 frs-bus:Director1 2023-11-01 2024-06-30 11646359 frs-bus:Director2 2023-11-01 2024-06-30 11646359 frs-bus:Director2 2023-10-31 11646359 frs-bus:Director2 2024-06-30 11646359 frs-countries:EnglandWales 2023-11-01 2024-06-30 11646359 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-10-31 11646359 2022-10-31 11646359 2023-10-31 11646359 2022-11-01 2023-10-31 11646359 frs-core:CurrentFinancialInstruments 2023-10-31 11646359 frs-core:Non-currentFinancialInstruments 2023-10-31 11646359 frs-core:ShareCapital 2023-10-31 11646359 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11646359 frs-bus:OrdinaryShareClass1 2022-11-01 2023-10-31 11646359 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31
Registered number: 11646359
Prestige Property Hampshire Limited
Unaudited Financial Statements
For the Period 1 November 2023 to 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11646359
30 June 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 500,000 500,000
500,000 500,000
CURRENT ASSETS
Debtors 5 281,635 75,135
Cash at bank and in hand 51,009 285,146
332,644 360,281
Creditors: Amounts Falling Due Within One Year 6 (451,525 ) (470,407 )
NET CURRENT ASSETS (LIABILITIES) (118,881 ) (110,126 )
TOTAL ASSETS LESS CURRENT LIABILITIES 381,119 389,874
Creditors: Amounts Falling Due After More Than One Year 7 (275,000 ) (277,446 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,184 ) (16,184 )
NET ASSETS 89,935 96,244
CAPITAL AND RESERVES
Called up share capital 8 4 4
Fair value reserve 10 48,551 48,551
Profit and Loss Account 41,380 47,689
SHAREHOLDERS' FUNDS 89,935 96,244
Page 1
Page 2
For the period ending 30 June 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
Mrs Claire Plunkett
Director
3 February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Prestige Property Hampshire Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11646359 . The registered office is 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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. Significant judgements and estimations
In preparing the financial statements in accordance with FRS 102, management is required to make judgements,
estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets,
liabilities, income, and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised if the revision affects only that period or in the period of
the revision and future periods if the revision affects both current and future periods.
2.3. 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 rendering of services. 
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2023: NIL)
- -
4. Investment Property
30 June 2024
£
Fair Value
As at 1 November 2023 and 30 June 2024 500,000
5. Debtors
30 June 2024 31 October 2023
£ £
Due within one year
Other debtors 281,635 75,135
6. Creditors: Amounts Falling Due Within One Year
30 June 2024 31 October 2023
£ £
Trade creditors - 210
Bank loans and overdrafts 17,800 18,000
Other creditors 432,603 451,078
Taxation and social security 1,122 1,119
451,525 470,407
7. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 31 October 2023
£ £
Bank loans 275,000 277,446
Of the creditors falling due after more than one year the following amounts are due after more than five years.
30 June 2024 31 October 2023
£ £
Bank loans 229,700 225,746
8. Share Capital
30 June 2024 31 October 2023
Allotted, called up and fully paid £ £
4 Ordinary Shares of £ 1 each 4 4
Page 4
Page 5
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Sean Rhodes (4,058 ) - 672 - (4,730 )
The above loan is unsecured, interest free and repayable on demand.
10. Reserves
Fair Value Reserve
£
As at 1 November 2023 48,551
As at 30 June 2024 48,551
Page 5