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 12891272 Mr Max Clark true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12891272 2023-09-30 12891272 2024-09-30 12891272 2023-10-01 2024-09-30 12891272 frs-core:Non-currentFinancialInstruments 2024-09-30 12891272 frs-core:ComputerEquipment 2023-10-01 2024-09-30 12891272 frs-core:ShareCapital 2024-09-30 12891272 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12891272 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12891272 frs-bus:AbridgedAccounts 2023-10-01 2024-09-30 12891272 frs-bus:SmallEntities 2023-10-01 2024-09-30 12891272 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12891272 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12891272 1 2023-10-01 2024-09-30 12891272 frs-bus:Director1 2023-10-01 2024-09-30 12891272 frs-bus:Director1 2023-09-30 12891272 frs-bus:Director1 2024-09-30 12891272 frs-countries:EnglandWales 2023-10-01 2024-09-30 12891272 2022-09-30 12891272 2023-09-30 12891272 2022-10-01 2023-09-30 12891272 frs-core:Non-currentFinancialInstruments 2023-09-30 12891272 frs-core:ShareCapital 2023-09-30 12891272 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 12891272
Premier Properties Hull Ltd
ABRIDGED Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12891272
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 231,227 231,790
231,227 231,790
CURRENT ASSETS
Debtors 1,907 2,137
Cash at bank and in hand 1,296 7,593
3,203 9,730
Creditors: Amounts Falling Due Within One Year (76,526 ) (82,554 )
NET CURRENT ASSETS (LIABILITIES) (73,323 ) (72,824 )
TOTAL ASSETS LESS CURRENT LIABILITIES 157,904 158,966
Creditors: Amounts Falling Due After More Than One Year (167,700 ) (168,604 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (173 ) (280 )
NET LIABILITIES (9,969 ) (9,918 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (10,069 ) (10,018 )
SHAREHOLDERS' FUNDS (9,969) (9,918)
Page 1
Page 2
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 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 September 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Max Clark
Director
26/06/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Premier Properties Hull Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12891272 . The registered office is 52 Guildford Avenue, Hull, East Yorkshire, HU8 0LB.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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:
Computer Equipment 33% Straight line
2.5. 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.
2.6. 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 year, 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.
3. Average Number of Employees
Average number of paid employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Total
£
Cost
As at 1 October 2023 232,023
As at 30 September 2024 232,023
Depreciation
As at 1 October 2023 233
Provided during the period 563
As at 30 September 2024 796
Net Book Value
As at 30 September 2024 231,227
As at 1 October 2023 231,790
5. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
The bank loans are secured on the investment properties.
2024 2023
£ £
Bank loans and overdrafts 167,700 168,604
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Directors Advances, Credits and Guarantees
Included within Creditors is the following loan made to the company by the directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Max Clark 82,354 8,500 2,512 - 76,366
The above loan is unsecured, interest free and repayable on demand.
8. Ultimate Controlling Party
The company's ultimate controlling party is the director Mr Max Clark by virtue of his ownership of 100% of the issued share capital in the company.
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