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 09268372 Sebastien Buhour iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09268372 2023-10-31 09268372 2024-10-31 09268372 2023-11-01 2024-10-31 09268372 frs-core:CurrentFinancialInstruments 2024-10-31 09268372 frs-core:ShareCapital 2024-10-31 09268372 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09268372 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09268372 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09268372 frs-bus:SmallEntities 2023-11-01 2024-10-31 09268372 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09268372 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09268372 frs-core:UnlistedNon-exchangeTraded 2024-10-31 09268372 frs-core:UnlistedNon-exchangeTraded 2023-10-31 09268372 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-10-31 09268372 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-10-31 09268372 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 09268372 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-10-31 09268372 frs-bus:Director1 2023-11-01 2024-10-31 09268372 frs-countries:EnglandWales 2023-11-01 2024-10-31 09268372 2022-10-31 09268372 2023-10-31 09268372 2022-11-01 2023-10-31 09268372 frs-core:CurrentFinancialInstruments 2023-10-31 09268372 frs-core:ShareCapital 2023-10-31 09268372 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 09268372
Professional Share Ltd
Financial Statements
For The Year Ended 31 October 2024
Sestini & Co.
Paulton House
Old Mills
Paulton
Bristol
BS39 7SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09268372
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 90 90
90 90
CURRENT ASSETS
Debtors 5 1,508 2,203
Cash at bank and in hand 5,763 11,977
7,271 14,180
Creditors: Amounts Falling Due Within One Year 6 (19,824 ) (25,336 )
NET CURRENT ASSETS (LIABILITIES) (12,553 ) (11,156 )
TOTAL ASSETS LESS CURRENT LIABILITIES (12,463 ) (11,066 )
NET LIABILITIES (12,463 ) (11,066 )
CAPITAL AND RESERVES
Called up share capital 7 180 180
Profit and Loss Account (12,643 ) (11,246 )
SHAREHOLDERS' FUNDS (12,463) (11,066)
Page 1
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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 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.
On behalf of the board
Sebastien Buhour
Director
09/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Professional Share Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09268372 . The registered office is Paulton House Old Mills, Paulton, Bristol, BS39 7SX.
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 company has net liabilities.  The accounts have been prepared on a going concern basis on the basis that the directors will continue to the support the company.
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.
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. Financial Instruments
The entity has only entered into basic financial instruments. Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.5. Estimates and Judgements
There were no critical accounting estimates or judgements required in the preparation of these financial statements in the current or prior year.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Investments
Unlisted
£
Cost
As at 1 November 2023 90
As at 31 October 2024 90
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 90
As at 1 November 2023 90
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the
company holds 20% or more of the nominal value of any class of share capital are as follows:
Subsidiary undertaking: Professional Share One Ltd
Registered office: Paulton House, Old Mills, Paulton, Bristol, England, BS39 7SX
Holding: Ordinary
Proportion of voting rights and shares held: 100% (2023 100%)
The principal activity of Professional Share One Ltd is property rental. Its financial period end is 31 October.
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,508 2,203
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 11,017 10,002
Accruals and deferred income 1,155 -
Amounts owed to group undertakings 7,652 15,334
19,824 25,336
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 180 180
Allotted, called up and fully paid 
90 Ordinary A Shares of £1 each
90 Deferred B Shares of £1 each
Prescribed particulars
Class of Shares: Ordinary A
Full rights with regards to voting and dividends, participation rights as specified in the articles of association. 
Class of Shares: Deferred B
The deferred shares should have independent dividend rights of the ordinary shares, no voting rights and participation rights as specified in the articles of association. 
On liquidation, Deferred B shares are treated in preference to Ordinary A shares.
8. Related Party Transactions
Summary of transactions with entities with joint control or significant interest
An interest free loan payable on demand has been provided to the company by an entity under common control which is not wholly owned by the company. A summary of transactions can be viewed below.
Loans from related parties
Entities with joint control or significant influence
2024
At start of period £6,318
Advanced £2,480
Repaid £0
At end of period £8,798
2023
At start of period (£7,246)
Advanced £13,564
Repaid £0
At end of period £6,318
Income from related parties 
Entities with joint control or significant influence
During the year the company received income of £17,678 from related parties (2023: £20,356).
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