Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04251340 Mr R Hogan Ms A Hogan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04251340 2023-12-31 04251340 2024-12-31 04251340 2024-01-01 2024-12-31 04251340 frs-core:InvestmentPropertyIncludedWithinPPE 2024-12-31 04251340 frs-core:ShareCapital 2024-12-31 04251340 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04251340 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04251340 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04251340 frs-bus:SmallEntities 2024-01-01 2024-12-31 04251340 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04251340 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04251340 frs-bus:Director1 2024-01-01 2024-12-31 04251340 frs-bus:Director2 2024-01-01 2024-12-31 04251340 frs-countries:EnglandWales 2024-01-01 2024-12-31 04251340 2022-12-31 04251340 2023-12-31 04251340 2023-01-01 2023-12-31 04251340 frs-core:CurrentFinancialInstruments 2023-12-31 04251340 frs-core:ShareCapital 2023-12-31 04251340 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04251340
Portroe Properties Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Portroe Properties Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—3

Page 1
Portroe Properties Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 04251340

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 450,000 |  | 600,000
|  |  | 450,000 |  | 600,000
CURRENT ASSETS
Debtors | 5 | 27,383 |  | 15,891 |
Cash at bank and in hand |  | 28,968 |  | 63,754 |
|  | 56,351 |  | 79,645 |
Creditors: Amounts Falling Due Within One Year | 6 | (240,613 ) |  | (243,161 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (184,262 ) |  | (163,516 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 265,738 |  | 436,484
NET ASSETS |  |  | 265,738 |  | 436,484
CAPITAL AND RESERVES
Called up share capital | 7 |  | 1 |  | 1
Profit and Loss Account |  |  | 265,737 |  | 436,483
SHAREHOLDERS' FUNDS |  |  | 265,738 |  | 436,484

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 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

Mr R Hogan Director
11/07/2025

The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Portroe Properties Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Portroe Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04251340 . The registered office is 61 Macrae Road, Pill, Bristol, BS20 0DD .
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 rents and rechargeable costs that are receivable during the year net of discounts and Value Added Tax.
2.3. Investment Properties
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
2.4. 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.
2.5. Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 2
Page 3
Portroe Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Investment Property

| 2024
--- | ---
| £
Fair Value
As at 1 January 2024 | 734,957
Depreciation and impairment | (284,957 )
As at 31 December 2024 | 450,000

The investment property is revalued by the directors each year by reviewing current market values of comparable properties.
5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 27,383 |  | 15,891

6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Other creditors | 240,613 |  | 235,394
Taxation and social security | - |  | 7,767
| 240,613 |  | 243,161

7. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

8. Directors Advances, Credits and Guarantees
The company at the year end owed the directors £199,091 (2023 £199,091). This loan is interest free and repayable on demand.
The above loan is unsecured, interest free and repayable on demand.
Page 3