Acorah Software Products - Accounts Production 16.4.660 false true 29 February 2024 1 March 2023 false true 1 March 2024 28 February 2025 28 February 2025 13903928 V J King L E King iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13903928 2024-02-29 13903928 2025-02-28 13903928 2024-03-01 2025-02-28 13903928 frs-core:CurrentFinancialInstruments 2025-02-28 13903928 frs-core:Non-currentFinancialInstruments 2025-02-28 13903928 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13903928 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 13903928 frs-bus:Micro-entities 2024-03-01 2025-02-28 13903928 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 13903928 frs-bus:Director1 2024-03-01 2025-02-28 13903928 frs-bus:Director1 2024-02-29 13903928 frs-bus:Director1 2025-02-28 13903928 frs-bus:Director2 2024-03-01 2025-02-28 13903928 2023-02-28 13903928 2024-02-29 13903928 2023-03-01 2024-02-29 13903928 frs-core:CurrentFinancialInstruments 2024-02-29 13903928 frs-core:Non-currentFinancialInstruments 2024-02-29
Registered number: 13903928
Picture Frame Properties Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Directors' Report
The directors present their report and the financial statements for the year ended 28 February 2025.
Principal Activity
The principal activity of the company is letting and operating of own or shared lease real estate.
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Balance Sheet
Registered number: 13903928
2025 2024
£ £
Fixed assets 568,542 568,680
Current assets 2,465 7,227
Prepayments and accrued income 105 118
Creditors: Amounts Falling Due Within One Year (210,072 ) (208,221 )
NET CURRENT LIABILITIES (207,502 ) (200,876 )
TOTAL ASSETS LESS CURRENT LIABILITIES 361,040 367,804
Creditors: Amounts Falling Due After More Than One Year (370,750 ) (370,750 )
Accruals and deferred income (398 ) (638 )
NET LIABILITIES (10,108 ) (3,584 )
CAPITAL AND RESERVES (10,108 ) (3,584 )

Notes

1. General Information
Picture Frame Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13903928 . The registered office is 59 Maple Drive, Chelmsford, CM2 9HR.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
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3. Secured Creditors
Of the creditors the following amounts are secured:
At the balance sheet date the company has an interest only mortgage of £370,750 secured against the property known as 141 Rookes Crescent, Chelmsford.
4. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
V J King (208,093 ) 817 (2,669 ) - (209,946 )
The above loan is unsecured, interest free and repayable on demand.
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For the year ending 28 February 2025 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
V J King
Director
15th July 2025
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