Acorah Software Products - Accounts Production 16.3.350 false true false 5 July 2023 31 December 2024 31 December 2024 14981580 Matthew Stephenson Matthew Stephenson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14981580 2023-07-04 14981580 2024-12-31 14981580 2023-07-05 2024-12-31 14981580 frs-core:CurrentFinancialInstruments 2024-12-31 14981580 frs-core:Non-currentFinancialInstruments 2024-12-31 14981580 frs-core:ComputerEquipment 2024-12-31 14981580 frs-core:ComputerEquipment 2023-07-05 2024-12-31 14981580 frs-core:ComputerEquipment 2023-07-04 14981580 frs-core:MotorVehicles 2024-12-31 14981580 frs-core:MotorVehicles 2023-07-05 2024-12-31 14981580 frs-core:MotorVehicles 2023-07-04 14981580 frs-core:PlantMachinery 2024-12-31 14981580 frs-core:PlantMachinery 2023-07-05 2024-12-31 14981580 frs-core:PlantMachinery 2023-07-04 14981580 frs-core:ShareCapital 2024-12-31 14981580 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14981580 frs-bus:PrivateLimitedCompanyLtd 2023-07-05 2024-12-31 14981580 frs-bus:FilletedAccounts 2023-07-05 2024-12-31 14981580 frs-bus:SmallEntities 2023-07-05 2024-12-31 14981580 frs-bus:AuditExemptWithAccountantsReport 2023-07-05 2024-12-31 14981580 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-05 2024-12-31 14981580 frs-bus:OrdinaryShareClass1 2023-07-05 2024-12-31 14981580 1 2023-07-05 2024-12-31 14981580 frs-core:DeferredTaxation 2023-07-05 2024-12-31 14981580 frs-core:DeferredTaxation 2024-12-31 14981580 frs-core:CostValuation 2023-07-04 14981580 frs-core:AdditionsToInvestments 2024-12-31 14981580 frs-core:CostValuation 2024-12-31 14981580 frs-core:ProvisionsForImpairmentInvestments 2023-07-04 14981580 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 14981580 frs-bus:Director1 2023-07-05 2024-12-31 14981580 frs-countries:EnglandWales 2023-07-05 2024-12-31
Registered number: 14981580
Coram Powell Investments Limited
Unaudited Financial Statements
For the Period 5 July 2023 to 31 December 2024
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Contents
Page
Company Information 1
Accountants' Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—9
Page 1
Company Information
Director Matthew Stephenson
Company Number 14981580
Registered Office Airport House
Purley Way
Croydon
CR0 0XZ
Accountants Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Page 1
Page 2
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Coram Powell Investments Limited For the Period 5 July 2023 to 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Coram Powell Investments Limited For the Period 5 July 2023 to 31 December 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Coram Powell Investments Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Coram Powell Investments Limited and state those matters that we have agreed to state to the director of Coram Powell Investments Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coram Powell Investments Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Coram Powell Investments Limited 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 Coram Powell Investments Limited . You consider that Coram Powell Investments Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit of the accounts of Coram Powell Investments Limited . 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.
04/06/2025
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Page 2
Page 3
Statement of Financial Position
Registered number: 14981580
31 December 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 52,560
Investment Properties 5 7,300,000
Investments 6 60,100
7,412,660
CURRENT ASSETS
Debtors 7 210,337
Cash at bank and in hand 327,729
538,066
Creditors: Amounts Falling Due Within One Year 8 (590,088 )
NET CURRENT ASSETS (LIABILITIES) (52,022 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,360,638
Creditors: Amounts Falling Due After More Than One Year 9 (3,783,313 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (896,399 )
NET ASSETS 2,680,926
CAPITAL AND RESERVES
Called up share capital 11 1
Income Statement 2,680,925
SHAREHOLDERS' FUNDS 2,680,926
Page 3
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For the period ending 31 December 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 Income Statement.
On behalf of the board
Matthew Stephenson
Director
04/06/2025
The notes on pages 5 to 9 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
Coram Powell Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14981580 . The registered office is Airport House, Purley Way, Croydon, CR0 0XZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
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:
Plant & Machinery 5 years straight line
Motor Vehicles 5 years straight line
Computer Equipment 4 years straight line
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 income statement.
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2.5. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
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.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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.
...CONTINUED
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2.6. Taxation - continued
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 5 July 2023 - - - -
Additions 5,286 45,618 2,808 53,712
As at 31 December 2024 5,286 45,618 2,808 53,712
Depreciation
As at 5 July 2023 - - - -
Provided during the period 181 912 59 1,152
As at 31 December 2024 181 912 59 1,152
Net Book Value
As at 31 December 2024 5,105 44,706 2,749 52,560
As at 5 July 2023 - - - -
5. Investment Property
31 December 2024
£
Fair Value
As at 5 July 2023 -
Additions 3,766,966
Revaluations 3,533,034
As at 31 December 2024 7,300,000
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Page 8
6. Investments
Other
£
Cost
As at 5 July 2023 -
Additions 60,100
As at 31 December 2024 60,100
Provision
As at 5 July 2023 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 60,100
As at 5 July 2023 -
7. Debtors
31 December 2024
£
Due within one year
Trade debtors 148,363
Prepayments and accrued income 61,974
210,337
8. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Trade creditors 194,452
Other loans 29,753
Corporation tax 3,830
Other taxes and social security 3,613
VAT 40,033
Other creditors 194,816
Accruals and deferred income 123,591
590,088
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Page 9
9. Creditors: Amounts Falling Due After More Than One Year
31 December 2024
£
Other loans 3,533,244
Directors loan account 70,069
Amounts owed to group undertakings 180,000
3,783,313
10. Provisions for Liabilities
Deferred Tax Total
£ £
Deferred taxation 896,399 896,399
Balance at 31 December 2024 896,399 896,399
11. Share Capital
Shares issued during the period: £
1 Ordinary Shares of £ 1.00 each 1
12. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £1,017 were due to the fund. They are included in Other Creditors.
13. Related Party Transactions
At the year end £180,000 was owed to companies under common control. This balance is included within amounts owed to group undertakings.
14. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Cornerways Holdings Limited . Cornerways Holdings Limited was incorporated in England and Wales. 
The ultimate controlling party is Matthew Stephenson who controls 100% of the shares of Cornerways Holdings Limited .
15. Cash at bank
Included within cash at bank is £190,616 held in a client account in respect of tenants’ deposits. These funds are not available for use by the company.
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