Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 NI619793 Mr Stuart Draffin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI619793 2023-08-31 NI619793 2024-08-31 NI619793 2023-09-01 2024-08-31 NI619793 frs-core:CurrentFinancialInstruments 2024-08-31 NI619793 frs-core:Non-currentFinancialInstruments 2024-08-31 NI619793 frs-core:RevaluationReserve 2023-08-31 NI619793 frs-core:RevaluationReserve 2024-08-31 NI619793 frs-core:ShareCapital 2024-08-31 NI619793 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 NI619793 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 NI619793 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 NI619793 frs-bus:SmallEntities 2023-09-01 2024-08-31 NI619793 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 NI619793 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 NI619793 frs-bus:Director1 2023-09-01 2024-08-31 NI619793 frs-countries:NorthernIreland 2023-09-01 2024-08-31 NI619793 2022-08-31 NI619793 2023-08-31 NI619793 2022-09-01 2023-08-31 NI619793 frs-core:CurrentFinancialInstruments 2023-08-31 NI619793 frs-core:Non-currentFinancialInstruments 2023-08-31 NI619793 frs-core:RevaluationReserve 2023-08-31 NI619793 frs-core:ShareCapital 2023-08-31 NI619793 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: NI619793
Portbannis Commercial Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
DNTCA Ltd
Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI619793
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 615,000 615,000
615,000 615,000
CURRENT ASSETS
Debtors 5 383,015 436,191
Cash at bank and in hand 11,091 2,066
394,106 438,257
Creditors: Amounts Falling Due Within One Year 6 (270,430 ) (271,874 )
NET CURRENT ASSETS (LIABILITIES) 123,676 166,383
TOTAL ASSETS LESS CURRENT LIABILITIES 738,676 781,383
Creditors: Amounts Falling Due After More Than One Year 7 (260,016 ) (265,456 )
NET ASSETS 478,660 515,927
CAPITAL AND RESERVES
Called up share capital 8 1 1
Revaluation reserve 9 425,588 425,588
Profit and Loss Account 53,071 90,338
SHAREHOLDERS' FUNDS 478,660 515,927
Page 1
Page 2
For the year ending 31 August 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 Stuart Draffin
Director
27 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
Portbannis Commercial Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI619793 . The registered office is DNT Chartered Accountants, Ormeau House, 91 - 97 Ormeau Road, Belfast, BT7 1SH.
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. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Investment Property
2024
£
Fair Value
As at 1 September 2023 and 31 August 2024 615,000
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 455 455
Other debtors 382,560 435,736
383,015 436,191
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
VAT 5,306 5,550
Other creditors 263,924 263,924
Accruals and deferred income 1,200 2,400
270,430 271,874
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 260,016 265,456
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Reserves
Revaluation Reserve
£
As at 1 September 2023 425,588
As at 31 August 2024 425,588
Page 4