Acorah Software Products - Accounts Production 16.4.675 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 10145926 Dr Ahmed Albazie Ms Zaynab Albazie Mrs Hind Albazie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10145926 2024-04-30 10145926 2025-04-30 10145926 2024-05-01 2025-04-30 10145926 frs-core:CurrentFinancialInstruments 2025-04-30 10145926 frs-core:Non-currentFinancialInstruments 2025-04-30 10145926 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-01 2025-04-30 10145926 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-04-30 10145926 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 10145926 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 10145926 frs-core:RevaluationReserve 2024-04-30 10145926 frs-core:RevaluationReserve 2025-04-30 10145926 frs-core:ShareCapital 2025-04-30 10145926 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 10145926 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 10145926 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 10145926 frs-bus:SmallEntities 2024-05-01 2025-04-30 10145926 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 10145926 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 10145926 frs-core:ListedExchangeTraded 2025-04-30 10145926 frs-core:ListedExchangeTraded 2024-04-30 10145926 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-04-30 10145926 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2025-04-30 10145926 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-04-30 10145926 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-04-30 10145926 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-04-30 10145926 frs-bus:Director1 2024-05-01 2025-04-30 10145926 frs-bus:Director2 2024-05-01 2025-04-30 10145926 frs-bus:CompanySecretary1 2024-05-01 2025-04-30 10145926 frs-countries:EnglandWales 2024-05-01 2025-04-30 10145926 2023-04-30 10145926 2024-04-30 10145926 2023-05-01 2024-04-30 10145926 frs-core:CurrentFinancialInstruments 2024-04-30 10145926 frs-core:Non-currentFinancialInstruments 2024-04-30 10145926 frs-core:RevaluationReserve 2024-04-30 10145926 frs-core:ShareCapital 2024-04-30 10145926 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 10145926
Prosperity Arwa Limited
Financial Statements
For The Year Ended 30 April 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10145926
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,686,815 9,443,773
Investments 5 376,002 400,001
10,062,817 9,843,774
CURRENT ASSETS
Stocks 6 215,018 322,528
Debtors 7 123,281 114,939
Cash at bank and in hand 197,909 456,051
536,208 893,518
Creditors: Amounts Falling Due Within One Year 8 (359,783 ) (316,765 )
NET CURRENT ASSETS (LIABILITIES) 176,425 576,753
TOTAL ASSETS LESS CURRENT LIABILITIES 10,239,242 10,420,527
Creditors: Amounts Falling Due After More Than One Year 9 (9,909,740 ) (10,191,043 )
NET ASSETS 329,502 229,484
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Revaluation reserve 11 168,055 168,055
Profit and Loss Account 160,447 60,429
SHAREHOLDERS' FUNDS 329,502 229,484
Page 1
Page 2
For the year ending 30 April 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 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
Dr Ahmed Albazie
Director
10th July 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
Prosperity Arwa Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10145926 . The registered office is 207 Clarendon Road, Leeds, LS2 9DU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Land & property is held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.
Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
Freehold 0%
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. 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 year 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 asset reflects 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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 May 2024 9,443,773
Additions 243,042
As at 30 April 2025 9,686,815
Net Book Value
As at 30 April 2025 9,686,815
As at 1 May 2024 9,443,773
5. Investments
Listed
£
Cost or Valuation
As at 1 May 2024 400,001
Disposals (23,999 )
As at 30 April 2025 376,002
Provision
As at 1 May 2024 -
As at 30 April 2025 -
Net Book Value
As at 30 April 2025 376,002
As at 1 May 2024 400,001
6. Stocks
2025 2024
£ £
Stock 215,018 -
Finished goods - 322,528
215,018 322,528
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 88,907 -
Other debtors 34,374 114,939
123,281 114,939
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 1
Corporation tax 53,339 9,481
Other creditors 5,000 5,000
Accruals and deferred income 2,640 3,480
Directors' loan accounts 298,803 298,803
359,783 316,765
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 4,088,674 4,182,977
Other creditors 5,821,066 6,008,066
9,909,740 10,191,043
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Reserves
Revaluation Reserve
£
As at 1 May 2024 168,055
As at 30 April 2025 168,055
Page 5