Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 00502714 Mr H J Bandet (President) Mrs I A Boyer Mr J B Boyer Mr S B Benaim Rive Accountancy Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00502714 2023-12-31 00502714 2024-12-31 00502714 2024-01-01 2024-12-31 00502714 frs-core:CurrentFinancialInstruments 2024-12-31 00502714 frs-core:CapitalRedemptionReserve 2024-12-31 00502714 frs-core:ShareCapital 2024-12-31 00502714 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 00502714 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00502714 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 00502714 frs-bus:SmallEntities 2024-01-01 2024-12-31 00502714 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00502714 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 00502714 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 00502714 frs-bus:OrdinaryShareClass1 2024-12-31 00502714 frs-bus:PreferenceShareClass1 2024-01-01 2024-12-31 00502714 frs-bus:PreferenceShareClass1 2024-12-31 00502714 1 2024-01-01 2024-12-31 00502714 frs-core:CostValuation 2023-12-31 00502714 frs-core:CostValuation 2024-12-31 00502714 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 00502714 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 00502714 frs-bus:Director1 2024-01-01 2024-12-31 00502714 frs-bus:Director2 2024-01-01 2024-12-31 00502714 frs-bus:Director3 2024-01-01 2024-12-31 00502714 frs-bus:Director4 2024-01-01 2024-12-31 00502714 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 00502714 frs-countries:EnglandWales 2024-01-01 2024-12-31 00502714 2022-12-31 00502714 2023-12-31 00502714 2023-01-01 2023-12-31 00502714 frs-core:CurrentFinancialInstruments 2023-12-31 00502714 frs-core:CapitalRedemptionReserve 2023-12-31 00502714 frs-core:ShareCapital 2023-12-31 00502714 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 00502714 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 00502714 frs-bus:PreferenceShareClass1 2023-01-01 2023-12-31
Registered number: 00502714
Prime Estates Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 00502714
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 733,067 733,067
733,067 733,067
CURRENT ASSETS
Cash at bank and in hand 412 492
412 492
Creditors: Amounts Falling Due Within One Year 5 (628,946 ) (629,026 )
NET CURRENT ASSETS (LIABILITIES) (628,534 ) (628,534 )
TOTAL ASSETS LESS CURRENT LIABILITIES 104,533 104,533
NET ASSETS 104,533 104,533
CAPITAL AND RESERVES
Called up share capital 6 877 877
Capital redemption reserve 723 723
Profit and Loss Account 102,933 102,933
SHAREHOLDERS' FUNDS 104,533 104,533
Page 1
Page 2
For the year ending 31 December 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 S B Benaim
Director
1st May 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
Prime Estates Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00502714 . The registered office is 64 Wilbury Way, Hitchin, Hertfordshire, SG4 0TP.
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.
3. Average Number of Employees
Average number of employees and directors, during the year was: 4 (2023: 4)
4 4
4. Investments
Subsidiaries
£
Cost
As at 1 January 2024 733,067
As at 31 December 2024 733,067
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 733,067
As at 1 January 2024 733,067
Investments in subsidiary undertakings are recognised at the lower of cost or net realisable value.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 628,946 629,026
Page 3
Page 4
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
80,000 Ordinary Shares of £ 0.01 each 800 800
Preference Shares
2024 2023
Allotted, called up and fully paid £ £
7,680 Non-voting 3% non-cumulative preferred shares of £ 0.01 each 77 77
7. Related Party Transactions
At the year end, the company owed £628,946 (2023 - £629,026) to Prime Estates Limited. Prime Estates Limited owns 100% of Prime Estates Services Limited.
The parent company, Prime Estates Limited, has confirmed that it will continue to provide financial support to Prime Estates Services Limited for the foreseeable future.
8. Ultimate Parent Undertaking and Controlling Party
The directors regard Prime Estates Limited, a company incorporated in England, as the company's immediate and ultimate holding company.
Page 4