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 01823607 Mrs I A Boyer Mr J B Boyer Mr S B Benaim Rive Accountancy Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01823607 2023-12-31 01823607 2024-12-31 01823607 2024-01-01 2024-12-31 01823607 frs-core:CurrentFinancialInstruments 2024-12-31 01823607 frs-core:FurnitureFittings 2024-12-31 01823607 frs-core:FurnitureFittings 2024-01-01 2024-12-31 01823607 frs-core:FurnitureFittings 2023-12-31 01823607 frs-core:CapitalRedemptionReserve 2024-12-31 01823607 frs-core:ShareCapital 2024-12-31 01823607 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 01823607 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01823607 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 01823607 frs-bus:SmallEntities 2024-01-01 2024-12-31 01823607 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01823607 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01823607 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 01823607 frs-bus:OrdinaryShareClass1 2024-12-31 01823607 frs-core:CostValuation 2023-12-31 01823607 frs-core:CostValuation 2024-12-31 01823607 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 01823607 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 01823607 frs-bus:Director1 2024-01-01 2024-12-31 01823607 frs-bus:Director2 2024-01-01 2024-12-31 01823607 frs-bus:Director3 2024-01-01 2024-12-31 01823607 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 01823607 frs-countries:EnglandWales 2024-01-01 2024-12-31 01823607 2022-12-31 01823607 2023-12-31 01823607 2023-01-01 2023-12-31 01823607 frs-core:CurrentFinancialInstruments 2023-12-31 01823607 frs-core:CapitalRedemptionReserve 2023-12-31 01823607 frs-core:ShareCapital 2023-12-31 01823607 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01823607 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31
Registered number: 01823607
Prime Estates Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01823607
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 971 1,456
Investments 5 97,600 97,600
98,571 99,056
CURRENT ASSETS
Debtors 6 631,416 631,797
Cash at bank and in hand 408,230 485,512
1,039,646 1,117,309
Creditors: Amounts Falling Due Within One Year 7 (18,641 ) (21,348 )
NET CURRENT ASSETS (LIABILITIES) 1,021,005 1,095,961
TOTAL ASSETS LESS CURRENT LIABILITIES 1,119,576 1,195,017
NET ASSETS 1,119,576 1,195,017
CAPITAL AND RESERVES
Called up share capital 8 2,212 2,212
Capital redemption reserve 1,288 1,288
Profit and Loss Account 1,116,076 1,191,517
SHAREHOLDERS' FUNDS 1,119,576 1,195,017
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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 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Prime Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01823607 . 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.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on cost
2.3. Foreign Currencies
The financial statements are prepared in Great British Pound (£), which is the currency that the company's income is earned and expenditure is paid. Therefore the company has chosen to select Great British Pound (£) as its functional and reporting currency.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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.
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2.5. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by shareholders at an annual general meeting.
Receivable equity dividends are recognised when they become legally receivable.
3. Average Number of Employees
Average number of employees and directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 9,344
As at 31 December 2024 9,344
Depreciation
As at 1 January 2024 7,888
Provided during the period 485
As at 31 December 2024 8,373
Net Book Value
As at 31 December 2024 971
As at 1 January 2024 1,456
5. Investments
Subsidiaries
£
Cost
As at 1 January 2024 97,600
As at 31 December 2024 97,600
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 97,600
As at 1 January 2024 97,600
Investments in subsidiary undertakings are recognised at the lower of cost or net realisable value.
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6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,470 2,771
Amounts owed by group undertakings 628,946 629,026
631,416 631,797
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 899 5,948
Other creditors - 899
Accruals and deferred income 17,742 14,501
18,641 21,348
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
221,238 Ordinary Shares of £ 0.01 each 2,212 2,212
9. Related Party Transactions
At the year end, the company was owed £628,946 (2023 - £629,026) from Prime Estates Services Limited, a wholly owned subsidiary.
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