Acorah Software Products - Accounts Production 16.3.350 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 11411865 Mrs Pratibhaben Patel Mrs Neeta Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11411865 2023-09-30 11411865 2024-09-30 11411865 2023-10-01 2024-09-30 11411865 frs-core:CurrentFinancialInstruments 2024-09-30 11411865 frs-core:Non-currentFinancialInstruments 2024-09-30 11411865 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 11411865 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 11411865 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 11411865 frs-core:ShareCapital 2024-09-30 11411865 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 11411865 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11411865 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 11411865 frs-bus:SmallEntities 2023-10-01 2024-09-30 11411865 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11411865 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11411865 frs-bus:Director1 2023-10-01 2024-09-30 11411865 frs-bus:Director2 2023-10-01 2024-09-30 11411865 frs-countries:EnglandWales 2023-10-01 2024-09-30 11411865 2022-09-30 11411865 2023-09-30 11411865 2022-10-01 2023-09-30 11411865 frs-core:CurrentFinancialInstruments 2023-09-30 11411865 frs-core:Non-currentFinancialInstruments 2023-09-30 11411865 frs-core:ShareCapital 2023-09-30 11411865 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 11411865
PRN Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Shaikh & Co Ltd
Registered Auditors and Chartered Certified Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11411865
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 562,698 562,698
562,698 562,698
CURRENT ASSETS
Debtors 5 2,521 2,125
Cash at bank and in hand 841 7,156
3,362 9,281
Creditors: Amounts Falling Due Within One Year 6 (193,331 ) (190,006 )
NET CURRENT ASSETS (LIABILITIES) (189,969 ) (180,725 )
TOTAL ASSETS LESS CURRENT LIABILITIES 372,729 381,973
Creditors: Amounts Falling Due After More Than One Year 7 (381,990 ) (381,990 )
NET LIABILITIES (9,261 ) (17 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (9,361 ) (117 )
SHAREHOLDERS' FUNDS (9,261) (17)
For the year ending 30 September 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
Mrs Neeta Patel
Director
30/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
PRN Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11411865 . The registered office is 30 Cranbourne Road, Northwood, HA6 1JY.
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 validity of the going concern assumption will depend on the continuing support of the directors and shareholders
for the foreseeable future, together with the ability of the company to trade profitably in the future. On this basis, the
directors consider it appropriate to prepare the financial statements on the going concern basis. The financial
statements do not include any adjustments that would result from a withdrawal of the above support.
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.
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.
2.4. 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:
Leasehold Nil
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold
£
Cost
As at 1 October 2023 562,698
As at 30 September 2024 562,698
Net Book Value
As at 30 September 2024 562,698
As at 1 October 2023 562,698
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,521 2,125
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Other creditors 2,521 2,125
Accruals and deferred income 3,098 5,277
Directors' loan accounts 187,711 182,604
193,331 190,006
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 381,990 381,990
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3