Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 05046742 Mr S Harris Mrs D Harris Mr S Harris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05046742 2024-03-31 05046742 2025-03-31 05046742 2024-04-01 2025-03-31 05046742 frs-core:Non-currentFinancialInstruments 2025-03-31 05046742 frs-core:BetweenOneFiveYears 2025-03-31 05046742 frs-core:ComputerEquipment 2024-04-01 2025-03-31 05046742 frs-core:MotorVehicles 2024-04-01 2025-03-31 05046742 frs-core:PlantMachinery 2024-04-01 2025-03-31 05046742 frs-core:WithinOneYear 2025-03-31 05046742 frs-core:ShareCapital 2025-03-31 05046742 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05046742 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05046742 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 05046742 frs-bus:SmallEntities 2024-04-01 2025-03-31 05046742 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05046742 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05046742 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 05046742 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 05046742 frs-bus:Director1 2024-04-01 2025-03-31 05046742 frs-bus:Director2 2024-04-01 2025-03-31 05046742 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 05046742 frs-countries:EnglandWales 2024-04-01 2025-03-31 05046742 2023-03-31 05046742 2024-03-31 05046742 2023-04-01 2024-03-31 05046742 frs-core:Non-currentFinancialInstruments 2024-03-31 05046742 frs-core:BetweenOneFiveYears 2024-03-31 05046742 frs-core:WithinOneYear 2024-03-31 05046742 frs-core:ShareCapital 2024-03-31 05046742 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05046742 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31
Registered number: 05046742
Perose Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
TCP Accountants
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 05046742
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,640 27,014
Investment Properties 5 1,369,424 1,369,424
1,412,064 1,396,438
CURRENT ASSETS
Cash at bank and in hand 27,964 66,066
27,964 66,066
Creditors: Amounts Falling Due Within One Year (309,128 ) (304,515 )
NET CURRENT ASSETS (LIABILITIES) (281,164 ) (238,449 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,130,900 1,157,989
Creditors: Amounts Falling Due After More Than One Year (929,160 ) (938,172 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,450 ) (23,450 )
NET ASSETS 178,290 196,367
CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair value reserve 8 50,353 50,353
Profit and Loss Account 127,837 145,914
SHAREHOLDERS' FUNDS 178,290 196,367
Page 1
Page 2
For the year 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr S Harris
Director
5 August 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Perose Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05046742 . The registered office is 1 Crow Hill Drive, Mansfield, Nottinghamshire, NG19 7AE.
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 rent of the investment properties.
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:
Plant & Machinery 20% reducing balance basis
Motor Vehicles 25% reducing balance basis
Computer Equipment 25% reducing balance basis
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.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Total
£
Cost
As at 1 April 2024 63,047
Additions 55,119
Disposals (60,000 )
As at 31 March 2025 58,166
Depreciation
As at 1 April 2024 36,033
Provided during the period 14,181
Disposals (34,688 )
As at 31 March 2025 15,526
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2025 42,640
As at 1 April 2024 27,014
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 1,369,424
6. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,633 6,716
Later than one year and not later than five years 44,008 33,020
51,641 39,736
51,641 39,736
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
8. Reserves
Fair Value Reserve
£
As at 1 April 2024 50,353
As at 31 March 2025 50,353
Page 4