Acorah Software Products - Accounts Production 16.3.350 false true false 5 March 2024 31 March 2025 31 March 2025 NI711271 N Hoban N P Hoban iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI711271 2024-03-04 NI711271 2025-03-31 NI711271 2024-03-05 2025-03-31 NI711271 frs-core:CurrentFinancialInstruments 2025-03-31 NI711271 frs-core:Non-currentFinancialInstruments 2025-03-31 NI711271 frs-core:FurnitureFittings 2025-03-31 NI711271 frs-core:FurnitureFittings 2024-03-05 2025-03-31 NI711271 frs-core:FurnitureFittings 2024-03-04 NI711271 frs-core:ShareCapital 2025-03-31 NI711271 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI711271 frs-bus:PrivateLimitedCompanyLtd 2024-03-05 2025-03-31 NI711271 frs-bus:FilletedAccounts 2024-03-05 2025-03-31 NI711271 frs-bus:SmallEntities 2024-03-05 2025-03-31 NI711271 frs-bus:AuditExempt-NoAccountantsReport 2024-03-05 2025-03-31 NI711271 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-05 2025-03-31 NI711271 frs-bus:Director1 2024-03-05 2025-03-31 NI711271 frs-bus:Director1 2024-03-04 NI711271 frs-bus:Director1 2025-03-31 NI711271 frs-bus:Director2 2024-03-05 2025-03-31 NI711271 frs-bus:Director2 2024-03-04 NI711271 frs-bus:Director2 2025-03-31 NI711271 frs-countries:NorthernIreland 2024-03-05 2025-03-31
Registered number: NI711271
Primary Property Development Limited
Unaudited Financial Statements
For the Period 5 March 2024 to 31 March 2025
SJK Chartered Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: NI711271
31 March 2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 182
Investment Properties 5 122,562
122,744
CURRENT ASSETS
Debtors 6 850
Cash at bank and in hand 2,474
3,324
Creditors: Amounts Falling Due Within One Year 7 (57,267 )
NET CURRENT ASSETS (LIABILITIES) (53,943 )
TOTAL ASSETS LESS CURRENT LIABILITIES 68,801
Creditors: Amounts Falling Due After More Than One Year 8 (78,212 )
NET LIABILITIES (9,411 )
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account (9,511 )
SHAREHOLDERS' FUNDS (9,411)
For the period ending 31 March 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
N Hoban
Director
13 June 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Primary Property Development Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI711271 . The registered office is C/O SJK Chartered Accountants, 8 Bridge Road, Moira, BT67 0PF.
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. 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. 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
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 5 March 2024 -
Additions 227
As at 31 March 2025 227
Depreciation
As at 5 March 2024 -
Provided during the period 45
As at 31 March 2025 45
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 March 2025 182
As at 5 March 2024 -
5. Investment Property
31 March 2025
£
Fair Value
As at 5 March 2024 -
Additions 122,562
As at 31 March 2025 122,562
The directors consider the fair value of investment property held at 31 March 2025 to be accurately stated as above.
6. Debtors
31 March 2025
£
Due within one year
Other debtors 850
7. Creditors: Amounts Falling Due Within One Year
31 March 2025
£
Accruals and deferred income 690
Directors' loan accounts 56,577
57,267
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2025
£
Bank loans 78,212
9. Share Capital
31 March 2025
£
Allotted, Called up and fully paid 100
Page 3
Page 4
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 5 March 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mrs Nicola Hoban - 28,276 - - 28,276
Mr Neil Hoban - 28,301 - - 28,301
The above loan is unsecured, interest free and repayable on demand.
Page 4