Acorah Software Products - Accounts Production 16.4.660 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 10721741 Mr Pawel Piotrowski Mr Piotr Maruszak true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10721741 2023-10-31 10721741 2024-10-31 10721741 2023-11-01 2024-10-31 10721741 frs-core:CurrentFinancialInstruments 2024-10-31 10721741 frs-core:Non-currentFinancialInstruments 2024-10-31 10721741 frs-core:FurnitureFittings 2024-10-31 10721741 frs-core:FurnitureFittings 2023-11-01 2024-10-31 10721741 frs-core:FurnitureFittings 2023-10-31 10721741 frs-core:ShareCapital 2024-10-31 10721741 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 10721741 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10721741 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 10721741 frs-bus:SmallEntities 2023-11-01 2024-10-31 10721741 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10721741 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 10721741 1 2023-11-01 2024-10-31 10721741 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 10721741 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 10721741 frs-bus:Director1 2023-11-01 2024-10-31 10721741 frs-bus:Director2 2023-11-01 2024-10-31 10721741 frs-countries:EnglandWales 2023-11-01 2024-10-31 10721741 2022-10-31 10721741 2023-10-31 10721741 2022-11-01 2023-10-31 10721741 frs-core:CurrentFinancialInstruments 2023-10-31 10721741 frs-core:Non-currentFinancialInstruments 2023-10-31 10721741 frs-core:ShareCapital 2023-10-31 10721741 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 10721741 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31
Registered number: 10721741
Partners Property Investment Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Optimise Accountants Ltd
Office 15 Bramley House, 2a Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10721741
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,304 977
Investment Properties 5 386,797 386,797
388,101 387,774
CURRENT ASSETS
Debtors 6 357,407 347,364
Investments 7 80 80
Cash at bank and in hand 115 78,908
357,602 426,352
Creditors: Amounts Falling Due Within One Year 8 (268,358 ) (339,016 )
NET CURRENT ASSETS (LIABILITIES) 89,244 87,336
TOTAL ASSETS LESS CURRENT LIABILITIES 477,345 475,110
Creditors: Amounts Falling Due After More Than One Year 9 (339,877 ) (348,299 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (30,475 ) (30,475 )
NET ASSETS 106,993 96,336
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Fair value reserve 12 134,603 134,603
Profit and Loss Account (28,610 ) (39,267 )
SHAREHOLDERS' FUNDS 106,993 96,336
Page 1
Page 2
For the year ending 31 October 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
Mr Piotr Maruszak
Director
11/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Partners Property Investment Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10721741 . The registered office is 150 Albert Road, Morley, Leeds, West Yorkshire, LS27 8RT.
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:
Fixtures & Fittings 20% reducing balance basis
2.5. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2023 3,004
Additions 581
As at 31 October 2024 3,585
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 November 2023 2,027
Provided during the period 254
As at 31 October 2024 2,281
Net Book Value
As at 31 October 2024 1,304
As at 1 November 2023 977
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 and 31 October 2024 386,797
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 357,407 26,920
Amounts owed by subsidiaries - 320,444
357,407 347,364
7. Current Asset Investments
2024 2023
£ £
Unlisted investments 80 80
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 229,050 304,332
Directors' loan accounts 39,308 34,684
268,358 339,016
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 339,877 348,299
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts - 901,097
Page 4
Page 5
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
12. Reserves
Fair Value Reserve
£
As at 1 November 2023 134,603
As at 31 October 2024 134,603
13. Ultimate Controlling Party
There is no ultimate controlling party due to no shareholder holding over 50% of the total issued share capital.
Page 5