Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04133442 Mr Ben Zion Shmuel Klepner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04133442 2023-12-31 04133442 2024-12-31 04133442 2024-01-01 2024-12-31 04133442 frs-core:Non-currentFinancialInstruments 2024-12-31 04133442 frs-core:FurnitureFittings 2024-12-31 04133442 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04133442 frs-core:FurnitureFittings 2023-12-31 04133442 frs-core:ShareCapital 2024-12-31 04133442 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04133442 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04133442 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04133442 frs-bus:SmallEntities 2024-01-01 2024-12-31 04133442 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04133442 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04133442 frs-bus:Director1 2024-01-01 2024-12-31 04133442 frs-countries:EnglandWales 2024-01-01 2024-12-31 04133442 2022-12-31 04133442 2023-12-31 04133442 2023-01-01 2023-12-31 04133442 frs-core:Non-currentFinancialInstruments 2023-12-31 04133442 frs-core:ShareCapital 2023-12-31 04133442 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04133442
Palmpath Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04133442
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 348 348
Investment Properties 5 551,599 183,404
551,947 183,752
CURRENT ASSETS
Debtors 6 25,600 2,535
Cash at bank and in hand 8,504 92,020
34,104 94,555
Creditors: Amounts Falling Due Within One Year 7 (79,802 ) (45,919 )
NET CURRENT ASSETS (LIABILITIES) (45,698 ) 48,636
TOTAL ASSETS LESS CURRENT LIABILITIES 506,249 232,388
Creditors: Amounts Falling Due After More Than One Year 8 (423,556 ) (153,035 )
NET ASSETS 82,693 79,353
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 82,593 79,253
SHAREHOLDERS' FUNDS 82,693 79,353
Page 1
Page 2
For the year ending 31 December 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
Mr Ben Zion Shmuel Klepner
Director
21/07/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Palmpath Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04133442 . The registered office is 68 Gladesmore Road, London, N15 6TD.
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 15% on 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 year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 6,551
As at 31 December 2024 6,551
Depreciation
As at 1 January 2024 6,203
As at 31 December 2024 6,203
Net Book Value
As at 31 December 2024 348
As at 1 January 2024 348
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Page 4
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 183,404
Additions 368,195
As at 31 December 2024 551,599
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 25,600 2,535
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 79,802 45,919
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 423,556 153,035
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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