Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 02765997 Mr M Bailey Mrs J Bailey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02765997 2024-03-31 02765997 2025-03-31 02765997 2024-04-01 2025-03-31 02765997 frs-core:CurrentFinancialInstruments 2025-03-31 02765997 frs-core:FurnitureFittings 2025-03-31 02765997 frs-core:FurnitureFittings 2024-04-01 2025-03-31 02765997 frs-core:FurnitureFittings 2024-03-31 02765997 frs-core:InvestmentPropertyIncludedWithinPPE 2025-03-31 02765997 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-01 2025-03-31 02765997 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 02765997 frs-core:PlantMachinery 2025-03-31 02765997 frs-core:PlantMachinery 2024-04-01 2025-03-31 02765997 frs-core:PlantMachinery 2024-03-31 02765997 frs-core:OtherReservesSubtotal 2025-03-31 02765997 frs-core:ShareCapital 2025-03-31 02765997 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 02765997 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02765997 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 02765997 frs-bus:SmallEntities 2024-04-01 2025-03-31 02765997 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02765997 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02765997 frs-bus:Director1 2024-04-01 2025-03-31 02765997 frs-bus:Director2 2024-04-01 2025-03-31 02765997 frs-countries:EnglandWales 2024-04-01 2025-03-31 02765997 2023-03-31 02765997 2024-03-31 02765997 2023-04-01 2024-03-31 02765997 frs-core:CurrentFinancialInstruments 2024-03-31 02765997 frs-core:OtherReservesSubtotal 2024-03-31 02765997 frs-core:ShareCapital 2024-03-31 02765997 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 02765997
PRD Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02765997
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,270,771 4,361,345
4,270,771 4,361,345
CURRENT ASSETS
Debtors 5 115,178 200,501
Cash at bank and in hand 810,397 622,249
925,575 822,750
Creditors: Amounts Falling Due Within One Year 6 (253,467 ) (475,976 )
NET CURRENT ASSETS (LIABILITIES) 672,108 346,774
TOTAL ASSETS LESS CURRENT LIABILITIES 4,942,879 4,708,119
PROVISIONS FOR LIABILITIES
Deferred Taxation (107,950 ) (107,100 )
NET ASSETS 4,834,929 4,601,019
CAPITAL AND RESERVES
Called up share capital 7 55,100 55,100
Other reserves 1,292,102 1,366,652
Profit and Loss Account 3,487,727 3,179,267
SHAREHOLDERS' FUNDS 4,834,929 4,601,019
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.
On behalf of the board
Mrs J Bailey
Director
26/08/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PRD Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02765997 . The registered office is Longport Mill, Canal Street, Longport, Stoke-On-Trent, Staffordshire, ST6 4LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Monetary amounts in these financial statements are rounded to the nearest £.
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 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 rental contract. The stage of completion of a contract is measured on a time basis.
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
Fixtures & Fittings 20% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually by the directors 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. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. The basic financial instruments of the company are as follows:
Debtors
Debtors do not carry any interest and are stated at their nominal values. Appropriate allowances for estimated irrecoverable amounts are recognised in the profit and loss account when there is objective evidence that the asset is impaired.
Cash at bank and in hand
This comprises cash at bank and in hand.
...CONTINUED
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2.5. Financial Instruments - continued
Trade creditors
Trade creditors are not interest bearing and are stated at their nominal value.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Investment Properties Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 April 2024 4,354,395 67,067 15,752 4,437,214
Additions - - 1,020 1,020
Disposals (90,000 ) - - (90,000 )
As at 31 March 2025 4,264,395 67,067 16,772 4,348,234
...CONTINUED
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Page 5
Depreciation
As at 1 April 2024 - 61,734 14,135 75,869
Provided during the period - 1,067 527 1,594
As at 31 March 2025 - 62,801 14,662 77,463
Net Book Value
As at 31 March 2025 4,264,395 4,266 2,110 4,270,771
As at 1 April 2024 4,354,395 5,333 1,617 4,361,345
Cost or valuation as at 31 March 2025 represented by:
Investment Properties Plant & Machinery Fixtures & Fittings Total
£ £ £ £
At cost 2,865,943 67,067 16,772 2,949,782
At valuation 1,398,452 - - 1,398,452
4,264,395 67,067 16,772 4,348,234
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 14,186 82,855
Prepayments and accrued income 25,992 42,646
Amounts owed by associates 75,000 75,000
115,178 200,501
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 12,626 51,273
Corporation tax 76,750 82,000
VAT 7,483 11,465
Other creditors 9,844 140,477
Accruals and deferred income 18,261 55,661
Directors' loan accounts 128,503 135,100
253,467 475,976
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7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 55,100 55,100
8. Related Party Transactions
Included in other debtors is a balance due from MBT Stoke Limited of £75,000 (2024, £75,000). The directors are shareholders in this business.
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