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 06315201 Mr G M Cossey Ms H K Ehlers true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06315201 2023-08-31 06315201 2024-08-31 06315201 2023-09-01 2024-08-31 06315201 frs-core:CurrentFinancialInstruments 2024-08-31 06315201 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 06315201 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 06315201 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 06315201 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 06315201 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06315201 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 06315201 frs-core:ShareCapital 2024-08-31 06315201 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 06315201 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06315201 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 06315201 frs-bus:SmallEntities 2023-09-01 2024-08-31 06315201 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06315201 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06315201 1 2023-09-01 2024-08-31 06315201 frs-bus:Director1 2023-09-01 2024-08-31 06315201 frs-bus:Director2 2023-09-01 2024-08-31 06315201 frs-core:CurrentFinancialInstruments 9 2024-08-31 06315201 frs-countries:EnglandWales 2023-09-01 2024-08-31 06315201 2022-08-31 06315201 2023-08-31 06315201 2022-09-01 2023-08-31 06315201 frs-core:CurrentFinancialInstruments 2023-08-31 06315201 frs-core:ShareCapital 2023-08-31 06315201 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 06315201 frs-core:CurrentFinancialInstruments 9 2023-08-31
Registered number: 06315201
PFC Developments Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06315201
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 624,353 627,582
624,353 627,582
CURRENT ASSETS
Cash at bank and in hand 23,202 23,946
23,202 23,946
Creditors: Amounts Falling Due Within One Year 5 (563,461 ) (555,891 )
NET CURRENT ASSETS (LIABILITIES) (540,259 ) (531,945 )
TOTAL ASSETS LESS CURRENT LIABILITIES 84,094 95,637
NET ASSETS 84,094 95,637
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 83,994 95,537
SHAREHOLDERS' FUNDS 84,094 95,637
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 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 G M Cossey
Director
27/05/2025
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
PFC Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06315201 . The registered office is 5 Cornfield Terrace, Eastbourne, East Sussex, BN21 4NN.
The presentation currency of the financial statements is the Pound Sterling (£).  
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Significant judgements and estimations
No significant judgements and estimations have been made by the directors in preparing these financial statements.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 
Freehold property - No depreciation is provided 
Short leasehold - Straight line over 20 years 
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and impairment losses. 
The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit and loss. 
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. 
The company has chosen to measure investment properties rented to other group entities under the cost model as permitted by paragraph 16.4A(b) of FRS102. 
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all f the beneifts and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.5. 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 in respect of all timing differences that have originated but not reversed at the balance sheet date. 
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. 
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Leasehold Total
£ £ £
Cost
As at 1 September 2023 588,828 64,588 653,416
As at 31 August 2024 588,828 64,588 653,416
Depreciation
As at 1 September 2023 - 25,834 25,834
Provided during the period - 3,229 3,229
As at 31 August 2024 - 29,063 29,063
Net Book Value
As at 31 August 2024 588,828 35,525 624,353
As at 1 September 2023 588,828 38,754 627,582
At the year end the carrying value of investment properties rented out to group companies amounts to £588,828 (2023: £588,828)
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5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 540 -
Accruals and deferred income 1,620 1,530
Amounts owed to group undertakings 561,301 554,361
563,461 555,891
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
Included in creditors is an amount of £339,769 (2023: £332,829) due to Places for Chidren Limited, a company of which the directors are also directors and shareholders.
8. Ultimate Controlling Party
The controlling party is Educ8us Ltd.
9. Secured debts
Barclays Security Trustees Limited holds a fixed and floating charge over all assets of the company.
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