Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 08043090 Mr P R Cochrane Mrs E Cochrane iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08043090 2023-11-30 08043090 2024-11-30 08043090 2023-12-01 2024-11-30 08043090 frs-core:CurrentFinancialInstruments 2024-11-30 08043090 frs-core:Non-currentFinancialInstruments 2024-11-30 08043090 frs-core:ComputerEquipment 2023-12-01 2024-11-30 08043090 frs-core:FurnitureFittings 2023-12-01 2024-11-30 08043090 frs-core:LandBuildings 2024-11-30 08043090 frs-core:LandBuildings 2023-12-01 2024-11-30 08043090 frs-core:LandBuildings 2023-11-30 08043090 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 08043090 frs-core:PlantMachinery 2024-11-30 08043090 frs-core:PlantMachinery 2023-12-01 2024-11-30 08043090 frs-core:PlantMachinery 2023-11-30 08043090 frs-core:ShareCapital 2024-11-30 08043090 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 08043090 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08043090 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 08043090 frs-bus:SmallEntities 2023-12-01 2024-11-30 08043090 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08043090 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 08043090 frs-core:DeferredTaxation 2023-12-01 2024-11-30 08043090 frs-core:DeferredTaxation 2023-11-30 08043090 frs-core:DeferredTaxation 2024-11-30 08043090 frs-bus:Director1 2023-12-01 2024-11-30 08043090 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 08043090 frs-countries:EnglandWales 2023-12-01 2024-11-30 08043090 2022-11-30 08043090 2023-11-30 08043090 2022-12-01 2023-11-30 08043090 frs-core:CurrentFinancialInstruments 2023-11-30 08043090 frs-core:Non-currentFinancialInstruments 2023-11-30 08043090 frs-core:ShareCapital 2023-11-30 08043090 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 08043090
PRC Leisure Limited
Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08043090
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 841,178 875,691
841,178 875,691
CURRENT ASSETS
Stocks 4,650 3,437
Debtors 5 20,355 22,257
Cash at bank and in hand 331,764 220,884
356,769 246,578
Creditors: Amounts Falling Due Within One Year 6 (134,889 ) (108,216 )
NET CURRENT ASSETS (LIABILITIES) 221,880 138,362
TOTAL ASSETS LESS CURRENT LIABILITIES 1,063,058 1,014,053
Creditors: Amounts Falling Due After More Than One Year 7 (606,419 ) (658,548 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,386 ) (19,190 )
NET ASSETS 436,253 336,315
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 436,153 336,215
SHAREHOLDERS' FUNDS 436,253 336,315
Page 1
Page 2
For the year ending 30 November 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 P R Cochrane
Director
23 May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PRC Leisure Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08043090 . The registered office is 14 Beech Hill, Westgate, Otley, West Yorkshire, LS21 3AX.
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 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.
2.3. 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:
Freehold 2% on cost
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 33% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment.
Cash and cash equivalents comprise cash at bank and on hand.
Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax
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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 14)
13 14
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 December 2023 840,529 210,102 1,050,631
Additions - 7,505 7,505
As at 30 November 2024 840,529 217,607 1,058,136
Depreciation
As at 1 December 2023 65,841 109,099 174,940
Provided during the period 16,811 25,207 42,018
As at 30 November 2024 82,652 134,306 216,958
Net Book Value
As at 30 November 2024 757,877 83,301 841,178
As at 1 December 2023 774,688 101,003 875,691
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,241 4,596
Other debtors 18,114 17,661
20,355 22,257
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,938 8,868
Bank loans and overdrafts 10,000 10,000
EFG loan 11,100 11,100
Mortgage 30,000 30,000
Other creditors 12,369 17,020
Taxation and social security 65,482 31,228
134,889 108,216
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,000 15,000
EFG loan > 1 year 51,800 62,900
Mortgage > 1 year 389,619 420,648
Other creditors 160,000 160,000
606,419 658,548
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 December 2023 19,190 19,190
Deferred taxation 1,196 1,196
Balance at 30 November 2024 20,386 20,386
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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