Acorah Software Products - Accounts Production 16.2.850 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12084454 Mr Geraint Davies Mr Phillip Davies Mr Geraint Davies Mr P Davies true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12084454 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-07-31 12084454 2023-07-31 12084454 2024-07-31 12084454 2023-08-01 2024-07-31 12084454 frs-core:CurrentFinancialInstruments 2024-07-31 12084454 frs-core:Non-currentFinancialInstruments 2024-07-31 12084454 frs-core:ShareCapital 2024-07-31 12084454 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12084454 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12084454 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12084454 frs-bus:SmallEntities 2023-08-01 2024-07-31 12084454 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12084454 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12084454 1 2023-08-01 2024-07-31 12084454 frs-bus:Director1 2023-08-01 2024-07-31 12084454 frs-bus:Director2 2023-08-01 2024-07-31 12084454 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 12084454 frs-countries:EnglandWales 2023-08-01 2024-07-31 12084454 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-07-31 12084454 2022-07-31 12084454 2023-07-31 12084454 2022-08-01 2023-07-31 12084454 frs-core:CurrentFinancialInstruments 2023-07-31 12084454 frs-core:Non-currentFinancialInstruments 2023-07-31 12084454 frs-core:ShareCapital 2023-07-31 12084454 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12084454
Popcorn Property Developments Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12084454
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 151,171 151,171
151,171 151,171
CURRENT ASSETS
Debtors 5 2,477 2,608
Cash at bank and in hand 1,095 1,095
3,572 3,703
Creditors: Amounts Falling Due Within One Year 6 (49,555 ) (37,469 )
NET CURRENT ASSETS (LIABILITIES) (45,983 ) (33,766 )
TOTAL ASSETS LESS CURRENT LIABILITIES 105,188 117,405
Creditors: Amounts Falling Due After More Than One Year 7 (133,875 ) (133,875 )
NET LIABILITIES (28,687 ) (16,470 )
CAPITAL AND RESERVES
Called up share capital 9 300 300
Profit and Loss Account (28,987 ) (16,770 )
SHAREHOLDERS' FUNDS (28,687) (16,470)
For the year ending 31 July 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 Geraint Davies
Director
17 April 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Popcorn Property Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12084454 . The registered office is 59 Commercial St, Risca, NP11 6AW.
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 continue to support the business to ensure it is able to meets its financial obligations.
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.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 August 2023 and 31 July 2024 151,171
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,477 2,608
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 49,555 37,469
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 133,875 133,875
Of the creditors falling due after more than one year the following amounts are due after more than five years.
Page 2
Page 3
2024 2023
£ £
Bank loans 133,875 133,875
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 133,875 133,875
9. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 300 300
Amount of Allotted, Called Up Share Capital 300 300
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr P Davies by virtue of his ownership of 100% of the issued share capital in the company.
Page 3