Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 05792216 Mr Shing Tung Chau Ms Li Li Ms Li Li true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05792216 2023-09-30 05792216 2024-09-30 05792216 2023-10-01 2024-09-30 05792216 frs-core:CurrentFinancialInstruments 2024-09-30 05792216 frs-core:ComputerEquipment 2024-09-30 05792216 frs-core:ComputerEquipment 2023-10-01 2024-09-30 05792216 frs-core:ComputerEquipment 2023-09-30 05792216 frs-core:FurnitureFittings 2024-09-30 05792216 frs-core:FurnitureFittings 2023-10-01 2024-09-30 05792216 frs-core:FurnitureFittings 2023-09-30 05792216 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 05792216 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05792216 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 05792216 frs-core:ShareCapital 2024-09-30 05792216 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05792216 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05792216 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 05792216 frs-bus:SmallEntities 2023-10-01 2024-09-30 05792216 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05792216 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05792216 frs-bus:OrdinaryShareClass2 2023-10-01 2024-09-30 05792216 frs-bus:OrdinaryShareClass2 2024-09-30 05792216 1 2023-10-01 2024-09-30 05792216 frs-bus:Director1 2023-10-01 2024-09-30 05792216 frs-bus:Director2 2023-10-01 2024-09-30 05792216 frs-countries:EnglandWales 2023-10-01 2024-09-30 05792216 2022-09-30 05792216 2023-09-30 05792216 2022-10-01 2023-09-30 05792216 frs-core:CurrentFinancialInstruments 2023-09-30 05792216 frs-core:ShareCapital 2023-09-30 05792216 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 05792216 frs-bus:OrdinaryShareClass2 2022-10-01 2023-09-30
Registered number: 05792216
Pieman Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Ten Forward Accounting Ltd
Chartered Certified Accountants
Suite 2A, 7th Floor
City Reach, 5 Greenwich View Place
London
E14 9NN
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 05792216
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,565,356 2,548,070
2,565,356 2,548,070
CURRENT ASSETS
Stocks 5 111,976 32,077
Debtors 6 - 8,803
Cash at bank and in hand 19,433 34,657
131,409 75,537
Creditors: Amounts Falling Due Within One Year 7 (2,437,111 ) (2,365,779 )
NET CURRENT ASSETS (LIABILITIES) (2,305,702 ) (2,290,242 )
TOTAL ASSETS LESS CURRENT LIABILITIES 259,654 257,828
NET ASSETS 259,654 257,828
CAPITAL AND RESERVES
Called up share capital 8 101 101
Income Statement 259,553 257,727
SHAREHOLDERS' FUNDS 259,654 257,828
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 Income Statement.
On behalf of the board
Mr Shing Tung Chau
Director
24 June 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Pieman Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05792216 . The registered office is Suite 2a, 7th Floor, City Reach, 5 Greenwich View Place, London, E14 9NN.
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:
Freehold No depreciation
Fixtures & Fittings 25% Straight Line Basis
Computer Equipment 25% Straight Line Basis
2.4. Investment Properties
All investment properties are carried at cost value determined at point of acquisition. No depreciation is provided for. 
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it isrecognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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Page 3
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 2,541,768 11,101 4,799 2,557,668
Additions 20,537 - - 20,537
As at 30 September 2024 2,562,305 11,101 4,799 2,578,205
Depreciation
As at 1 October 2023 - 5,550 4,048 9,598
Provided during the period - 2,775 476 3,251
As at 30 September 2024 - 8,325 4,524 12,849
Net Book Value
As at 30 September 2024 2,562,305 2,776 275 2,565,356
As at 1 October 2023 2,541,768 5,551 751 2,548,070
5. Stocks
2024 2023
£ £
Work in progress 111,976 32,077
6. Debtors
2024 2023
£ £
Due within one year
Other debtors - 8,412
VAT - 391
- 8,803
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,500
Other taxes and social security 238 6
VAT 744 -
Net wages 4,179 3,247
Other creditors 422,896 352,896
Accruals and deferred income 1,800 2,500
Directors' loan accounts 2,007,254 2,005,630
2,437,111 2,365,779
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8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
101 Ordinary A shares of £ 1.000 each 101 101
9. Related Party Transactions
Underbank LtdMr Shing Chau is also a shareholder and director in Underbank LtdDuring the year, Underbank Ltd provided an interest-free loan of £70,000 to the company (2023: £350,000 ). At year end, the company owed Underbank Ltd £422,896 (2023: 352,896).

Underbank Ltd

Mr Shing Chau is also a shareholder and director in Underbank Ltd

During the year, Underbank Ltd provided an interest-free loan of £70,000 to the company (2023: £350,000 ). At year end, the company owed Underbank Ltd £422,896 (2023: 352,896).

10. Ultimate Controlling Party
The company's ultimate controlling party is Ms Li Li by virtue of her ownership of 79% of the issued share capital in the company.
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