Acorah Software Products - Accounts Production 16.4.675 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 11067203 K M Knight G K Seago iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11067203 2023-11-30 11067203 2024-11-30 11067203 2023-12-01 2024-11-30 11067203 frs-core:CurrentFinancialInstruments 2024-11-30 11067203 frs-core:Non-currentFinancialInstruments 2024-11-30 11067203 frs-core:ShareCapital 2024-11-30 11067203 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 11067203 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11067203 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 11067203 frs-bus:SmallEntities 2023-12-01 2024-11-30 11067203 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11067203 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11067203 frs-bus:Director1 2023-12-01 2024-11-30 11067203 frs-bus:Director2 2023-12-01 2024-11-30 11067203 frs-countries:EnglandWales 2023-12-01 2024-11-30 11067203 2022-11-30 11067203 2023-11-30 11067203 2022-12-01 2023-11-30 11067203 frs-core:CurrentFinancialInstruments 2023-11-30 11067203 frs-core:Non-currentFinancialInstruments 2023-11-30 11067203 frs-core:ShareCapital 2023-11-30 11067203 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 11067203
Progress Estates Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Adding Value Consultancy Ltd
Studio 21, Bluecoat Chambers
School Lane
Liverpool
L1 3BX
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 11067203
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 251,827 251,827
Debtors 5 26,726 26,726
Cash at bank and in hand 1 786
278,554 279,339
Creditors: Amounts Falling Due Within One Year 6 (311,322 ) (307,010 )
NET CURRENT ASSETS (LIABILITIES) (32,768 ) (27,671 )
TOTAL ASSETS LESS CURRENT LIABILITIES (32,768 ) (27,671 )
Creditors: Amounts Falling Due After More Than One Year 7 (12,796 ) (15,388 )
NET LIABILITIES (45,564 ) (43,059 )
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account (45,574 ) (43,069 )
SHAREHOLDERS' FUNDS (45,564) (43,059)
For the year ending 30 November 2024 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
K M Knight
Director
29th August 2025
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Progress Estates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11067203 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Stocks
2024 2023
£ £
Stock 251,827 251,827
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 20,778 20,778
Other debtors 5,948 5,948
26,726 26,726
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,507 10,507
Bank loans and overdrafts 3,356 3,657
Other loans 37,500 37,500
Amounts owed to group undertakings 258,868 255,346
Other creditors 1,091 -
311,322 307,010
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,796 15,388
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 2