Acorah Software Products - Accounts Production 16.3.350 false true true 30 July 2023 31 July 2022 false 31 July 2023 30 July 2024 30 July 2024 07312991 Mr Philip Jones Mrs Angela Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07312991 2023-07-30 07312991 2024-07-30 07312991 2023-07-31 2024-07-30 07312991 frs-core:CurrentFinancialInstruments 2024-07-30 07312991 frs-core:Non-currentFinancialInstruments 2024-07-30 07312991 frs-core:ComputerEquipment 2024-07-30 07312991 frs-core:ComputerEquipment 2023-07-31 2024-07-30 07312991 frs-core:ComputerEquipment 2023-07-30 07312991 frs-core:ShareCapital 2024-07-30 07312991 frs-core:RetainedEarningsAccumulatedLosses 2024-07-30 07312991 frs-bus:PrivateLimitedCompanyLtd 2023-07-31 2024-07-30 07312991 frs-bus:FilletedAccounts 2023-07-31 2024-07-30 07312991 frs-bus:SmallEntities 2023-07-31 2024-07-30 07312991 frs-bus:AuditExemptWithAccountantsReport 2023-07-31 2024-07-30 07312991 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-31 2024-07-30 07312991 frs-bus:OrdinaryShareClass2 2023-07-31 2024-07-30 07312991 frs-bus:OrdinaryShareClass2 2024-07-30 07312991 frs-bus:OrdinaryShareClass3 2023-07-31 2024-07-30 07312991 frs-bus:OrdinaryShareClass3 2024-07-30 07312991 frs-core:DeferredTaxation 2023-07-31 2024-07-30 07312991 frs-core:DeferredTaxation 2023-07-30 07312991 frs-core:DeferredTaxation 2024-07-30 07312991 frs-bus:Director1 2023-07-31 2024-07-30 07312991 frs-bus:CompanySecretary1 2023-07-31 2024-07-30 07312991 frs-countries:EnglandWales 2023-07-31 2024-07-30 07312991 2022-07-30 07312991 2023-07-30 07312991 2022-07-31 2023-07-30 07312991 frs-core:CurrentFinancialInstruments 2023-07-30 07312991 frs-core:Non-currentFinancialInstruments 2023-07-30 07312991 frs-core:ShareCapital 2023-07-30 07312991 frs-core:RetainedEarningsAccumulatedLosses 2023-07-30 07312991 frs-bus:OrdinaryShareClass2 2022-07-31 2023-07-30 07312991 frs-bus:OrdinaryShareClass3 2022-07-31 2023-07-30
Registered number: 07312991
P2 Managed Property Services Ltd
Unaudited Financial Statements
For The Year Ended 30 July 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of P2 Managed Property Services Ltd for the year ended 30 July 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of P2 Managed Property Services Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of P2 Managed Property Services Ltd , as a body, in accordance with the terms of our engagement letter dated 30th April 2024. Our work has been undertaken solely to prepare for your approval the accounts of P2 Managed Property Services Ltd and state those matters that we have agreed to state to the director of P2 Managed Property Services Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P2 Managed Property Services Ltd and its director as a body for our work or for this report.
It is your duty to ensure that P2 Managed Property Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of P2 Managed Property Services Ltd . You consider that P2 Managed Property Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of P2 Managed Property Services Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
12th May 2025
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 07312991
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 505 1,711
505 1,711
CURRENT ASSETS
Stocks 5 2,000 2,000
Debtors 6 38,213 39,090
Cash at bank and in hand 2,807 270
43,020 41,360
Creditors: Amounts Falling Due Within One Year 7 (95,190 ) (69,044 )
NET CURRENT ASSETS (LIABILITIES) (52,170 ) (27,684 )
TOTAL ASSETS LESS CURRENT LIABILITIES (51,665 ) (25,973 )
Creditors: Amounts Falling Due After More Than One Year 8 (6,896 ) (15,168 )
NET LIABILITIES (58,561 ) (41,141 )
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account (59,561 ) (42,141 )
SHAREHOLDERS' FUNDS (58,561) (41,141)
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For the year ending 30 July 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 Philip Jones
Director
12th May 2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
P2 Managed Property Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07312991 . The registered office is 27 York Crescent, Wilmslow, Cheshire, SK9 2BB.
The trading address is 27 York Crescent, Wilmslow, SK9 2BB.
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. Going Concern Disclosure
The accounts have been prepared on a going concern basis. This assumption may not be valid since at the balance sheet date the company has net liabilities of £58,561 (2023: £41,141). The validity of the going concern assumption therefore depends on the continued support of the directors, suppliers and the companies bankers and other providers of finance.
2.3. 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.

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.
2.4. 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:
Computer Equipment 33% on reducing balance
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.
2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
The company has taxable losses of £48,490 (2023: £30,825) to be carried forward against future profits of the business.
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2.8. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.9. 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. 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: 3 (2023: 3)
3 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 31 July 2023 14,077
Disposals (12,760 )
As at 30 July 2024 1,317
Depreciation
As at 31 July 2023 12,366
Provided during the period 254
Disposals (11,808 )
As at 30 July 2024 812
Net Book Value
As at 30 July 2024 505
As at 31 July 2023 1,711
5. Stocks
2024 2023
£ £
Stock 2,000 2,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,434 19,889
Other debtors 15,662 13,669
29,096 33,558
Due after more than one year
Other debtors 9,117 5,532
38,213 39,090
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,885 26,327
Bank loans and overdrafts 8,793 8,820
Other creditors 62,929 28,137
Taxation and social security 5,583 5,760
95,190 69,044
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,896 15,168
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 31 July 2023 (5,532 ) (5,532)
Additions (3,585 ) (3,585)
Balance at 30 July 2024 (9,117 ) (9,117)
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
800 Ordinary A shares of £ 1 each 800 800
200 Ordinary B shares of £ 1 each 200 200
1,000 1,000
11. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
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