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 06911937 Nicolaas Rienk Hommerson Mr N R Hommerson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06911937 2023-05-31 06911937 2024-05-31 06911937 2023-06-01 2024-05-31 06911937 frs-core:CurrentFinancialInstruments 2024-05-31 06911937 frs-core:Non-currentFinancialInstruments 2024-05-31 06911937 frs-core:ShareCapital 2024-05-31 06911937 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06911937 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06911937 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 06911937 frs-bus:SmallEntities 2023-06-01 2024-05-31 06911937 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06911937 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06911937 frs-bus:OrdinaryShareClass1 2023-06-01 2024-05-31 06911937 frs-bus:OrdinaryShareClass1 2024-05-31 06911937 1 2023-06-01 2024-05-31 06911937 frs-core:CostValuation 2023-05-31 06911937 frs-core:CostValuation 2024-05-31 06911937 frs-core:ProvisionsForImpairmentInvestments 2023-05-31 06911937 frs-core:ProvisionsForImpairmentInvestments 2024-05-31 06911937 frs-bus:Director1 2023-06-01 2024-05-31 06911937 frs-countries:EnglandWales 2023-06-01 2024-05-31 06911937 2022-05-31 06911937 2023-05-31 06911937 2022-06-01 2023-05-31 06911937 frs-core:CurrentFinancialInstruments 2023-05-31 06911937 frs-core:Non-currentFinancialInstruments 2023-05-31 06911937 frs-core:ShareCapital 2023-05-31 06911937 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 06911937 frs-bus:OrdinaryShareClass1 2022-06-01 2023-05-31
Registered number: 06911937
PDI Investments Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Adbell Advisory Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06911937
2024 2023
Notes $ $ $ $
FIXED ASSETS
Investments 4 6,349,000 6,349,000
6,349,000 6,349,000
CURRENT ASSETS
Debtors 5 414 399
Cash at bank and in hand 594 1
1,008 400
Creditors: Amounts Falling Due Within One Year 6 (6,291 ) (2,413 )
NET CURRENT ASSETS (LIABILITIES) (5,283 ) (2,013 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,343,717 6,346,987
Creditors: Amounts Falling Due After More Than One Year 7 (6,349,000 ) (6,349,000 )
NET LIABILITIES (5,283 ) (2,013 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (5,284 ) (2,014 )
SHAREHOLDERS' FUNDS (5,283) (2,013)
Page 1
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Nicolaas Rienk Hommerson
Director
03/03/2025
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
PDI Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06911937 . The registered office is Birchin Court, 20 Birchin Lane, London, EC3V 9DJ.
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. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.3.
Going Concern
The financial statements are prepared on the basis of the going concern, which assumes that the company will be in operational existence for the foreseeable future. This depends upon continued support of the shareholder. The financial statements do not include any adjustments that would result if such support is withdrawn.
Foreign currencies
Assets and liabilities in foreign currencies are translated into USD at the rates of exchange ruling at the balance sheet date.  Transactions in foreign currencies are translated into USD at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
2.4.
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 statement of financial position 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 trade and other receivables 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.
...CONTINUED
Page 3
Page 4
2.4. - continued
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.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and
preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement
constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts
discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or
less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price
and subsequently measured at amortised cost using the effective interest method.
2.5.
Preparation of consolidated financial statements
The financial statements contain information about PDI Investments Ltd  as an individual company and
do not contain consolidated financial information as the parent of a group. The company is exempt under Section
399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
The company and its subsidiary undertakings comprise a small-sized group.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investments
Subsidiaries
$
Cost
As at 1 June 2023 6,349,000
As at 31 May 2024 6,349,000
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 6,349,000
As at 1 June 2023 6,349,000
PDI Investment LLC 
Registered Office: Fisher Island, Florida, USA
Nature of the Business:Real Estate
Class of Shares : Ordinary                         %                      % 
                                                               Holding                Holding 
                                                                    98                      98
                                                             31/12/2023          31/12/2022
Partners capital accounts                    $1,544,599           $ 1,426,094
Profit/(loss) for the year                          $8,899               ($293.410) 
PDI Investment Two LLC 
Registered Office:Fisher Island, Florida, USA 
Nature of the Business: Real Estate
Class of Shares: Ordinary                                                      
                                                             %                            % 
...CONTINUED
Page 4
Page 5
4. Investments - continued
                                                         Holding                       Holding
                                                            98                                   98
                                                     31/12/2023                31/12/2022
Partners capital accounts              $4,371,059                      -
Profit/(loss) for the year                  ($7,949)                        -
5. Debtors
2024 2023
$ $
Due within one year
Prepayments and accrued income 414 399
6. Creditors: Amounts Falling Due Within One Year
2024 2023
$ $
Other creditors 5,019 1,174
Accruals and deferred income 1,272 1,239
6,291 2,413
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
$ $
Other creditors 6,349,000 6,349,000
8. Share Capital
2024 2023
Allotted, called up and fully paid $ $
1 Ordinary Shares of £ 1.00 each 1 1
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr N R Hommerson by virtue of his ownership of 100% of the issued share capital in the company.
Page 5