Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09430194 Mr David Piper Mrs Sarah Piper iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09430194 2023-08-31 09430194 2024-08-31 09430194 2023-09-01 2024-08-31 09430194 frs-core:CurrentFinancialInstruments 2024-08-31 09430194 frs-core:MotorVehicles 2024-08-31 09430194 frs-core:MotorVehicles 2023-09-01 2024-08-31 09430194 frs-core:MotorVehicles 2023-08-31 09430194 frs-core:PlantMachinery 2024-08-31 09430194 frs-core:PlantMachinery 2023-09-01 2024-08-31 09430194 frs-core:PlantMachinery 2023-08-31 09430194 frs-core:SharePremium 2024-08-31 09430194 frs-core:ShareCapital 2024-08-31 09430194 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09430194 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09430194 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09430194 frs-bus:SmallEntities 2023-09-01 2024-08-31 09430194 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09430194 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09430194 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31 09430194 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-08-31 09430194 frs-core:UnlistedNon-exchangeTraded 2024-08-31 09430194 frs-core:UnlistedNon-exchangeTraded 2023-08-31 09430194 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-08-31 09430194 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-08-31 09430194 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-08-31 09430194 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 09430194 frs-bus:Director1 2023-09-01 2024-08-31 09430194 frs-bus:Director2 2023-09-01 2024-08-31 09430194 frs-countries:EnglandWales 2023-09-01 2024-08-31 09430194 2022-08-31 09430194 2023-08-31 09430194 2022-09-01 2023-08-31 09430194 frs-core:CurrentFinancialInstruments 2023-08-31 09430194 frs-core:SharePremium 2023-08-31 09430194 frs-core:ShareCapital 2023-08-31 09430194 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 09430194 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31
Registered number: 09430194
Pro 2 Pro Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09430194
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 235,630 330,476
Investment Properties 5 2,415,600 1,965,108
Investments 6 1,500,400 1,500,400
4,151,630 3,795,984
CURRENT ASSETS
Debtors 7 2,226,357 2,044,436
Cash at bank and in hand 1,388,296 1,849,165
3,614,653 3,893,601
Creditors: Amounts Falling Due Within One Year 8 (168,218 ) (360,335 )
NET CURRENT ASSETS (LIABILITIES) 3,446,435 3,533,266
TOTAL ASSETS LESS CURRENT LIABILITIES 7,598,065 7,329,250
PROVISIONS FOR LIABILITIES
Deferred Taxation (213,193 ) (221,900 )
NET ASSETS 7,384,872 7,107,350
CAPITAL AND RESERVES
Called up share capital 10 200 200
Share premium account 1,499,900 1,499,900
Fair value reserve 12 484,246 583,160
Profit and Loss Account 5,400,526 5,024,090
SHAREHOLDERS' FUNDS 7,384,872 7,107,350
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 David Piper
Director
Mrs Sarah Piper
Director
19 May 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pro 2 Pro Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09430194 . The registered office is Horton Enterprise Park, Hortonwood 50, Telford, Shropshire, TF1 7GZ.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Plant & Machinery 20% reducing balance
Motor Vehicles 10% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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 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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 750,794 189,260 940,054
Additions 17,190 - 17,190
Disposals - (107,109 ) (107,109 )
As at 31 August 2024 767,984 82,151 850,135
Depreciation
As at 1 September 2023 520,510 89,068 609,578
Provided during the period 49,494 9,414 58,908
Disposals - (53,981 ) (53,981 )
As at 31 August 2024 570,004 44,501 614,505
Net Book Value
As at 31 August 2024 197,980 37,650 235,630
As at 1 September 2023 230,284 100,192 330,476
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Page 5
5. Investment Property
2024
£
Fair Value
As at 1 September 2023 1,965,108
Additions 450,492
As at 31 August 2024 2,415,600
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 1,769,941 1,319,448
Investment property is recognised at fair value represented by the above. The directors have considered the valuation of the investment properties and in their opinion the revalued amount is in the line with the open market value. Revaluation gains and losses are taken to profit and loss each year and subsequently transferred to the fair value reserve, net of deferred tax.
6. Investments
Unlisted
£
Cost
As at 1 September 2023 1,500,400
As at 31 August 2024 1,500,400
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 1,500,400
As at 1 September 2023 1,500,400
Unlisted investments comprise of shares held in four subsidiary companies incorporated in England & Wales.
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 20,750 20,748
Directors' loan accounts 707,012 727,104
Amounts owed by group undertakings 1,064,514 1,296,584
1,792,276 2,044,436
Due after more than one year
Amounts owed by group undertakings 434,081 -
2,226,357 2,044,436
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 54,000
Trade creditors - 125,000
Corporation tax 101,638 35,011
VAT 8,984 12,480
Accruals and deferred income 4,595 4,595
Amounts owed to group undertakings 53,001 129,249
168,218 360,335
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 54,000
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
11. Directors Advances, Credits and Guarantees
Dividends paid to directors during the year were £485,000 (2023: £485,000).
Included within Debtors is a loan to the directors of £707,012 (2023: £727,104).
The above loan is unsecured and repayable on demand. Interest of 2.25% per annum has been charged from 1st April 2024.
12. Reserves
Fair Value Reserve
£
As at 1 September 2023 583,160
Movements in fair value reserve (98,914)
As at 31 August 2024 484,246
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