Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 8 June 2022 false 1 July 2023 30 June 2024 30 June 2024 14159755 Mr James Presnail iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14159755 2023-06-30 14159755 2024-06-30 14159755 2023-07-01 2024-06-30 14159755 frs-core:CurrentFinancialInstruments 2024-06-30 14159755 frs-core:Non-currentFinancialInstruments 2024-06-30 14159755 frs-core:InvestmentPropertyIncludedWithinPPE 2024-06-30 14159755 frs-core:InvestmentPropertyIncludedWithinPPE 2023-07-01 2024-06-30 14159755 frs-core:InvestmentPropertyIncludedWithinPPE 2023-06-30 14159755 frs-core:ShareCapital 2024-06-30 14159755 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14159755 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14159755 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 14159755 frs-bus:SmallEntities 2023-07-01 2024-06-30 14159755 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14159755 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 14159755 frs-bus:Director1 2023-07-01 2024-06-30 14159755 frs-countries:EnglandWales 2023-07-01 2024-06-30 14159755 2022-06-07 14159755 2023-06-30 14159755 2022-06-08 2023-06-30 14159755 frs-core:CurrentFinancialInstruments 2023-06-30 14159755 frs-core:Non-currentFinancialInstruments 2023-06-30 14159755 frs-core:ShareCapital 2023-06-30 14159755 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 14159755
James Presnail Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14159755
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 166,000 -
166,000 -
CURRENT ASSETS
Debtors 5 1 1
Cash at bank and in hand 1,063 -
1,064 1
Creditors: Amounts Falling Due Within One Year 6 (56,079 ) -
NET CURRENT ASSETS (LIABILITIES) (55,015 ) 1
TOTAL ASSETS LESS CURRENT LIABILITIES 110,985 1
Creditors: Amounts Falling Due After More Than One Year 7 (121,478 ) -
NET (LIABILITIES)/ASSETS (10,493 ) 1
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (10,494 ) -
SHAREHOLDERS' FUNDS (10,493) 1
Page 1
Page 2
For the year 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 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
Mr James Presnail
Director
12/03/2025
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
James Presnail Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14159755 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director's who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2.4. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
Changes in fair value are recognised in the profit and loss account.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 July 2023 -
Additions 166,277
Revaluation (277 )
As at 30 June 2024 166,000
Net Book Value
As at 30 June 2024 166,000
As at 1 July 2023 -
Page 3
Page 4
5. Debtors
30 June 2024 30 June 2023
£ £
Due within one year
Other debtors 1 1
6. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Director's loan account 56,079 -
7. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 30 June 2023
£ £
Bank loans 121,478 -
8. Secured Creditors
Of the creditors falling due after more than one year the following amount is secured by a fixed charge over the investment property. The mortgage is interest only with terms of 30 years.
30 June 2024 30 June 2023
£ £
Bank loans and overdrafts 121,478 -
9. Share Capital
30 June 2024 30 June 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4