Acorah Software Products - Accounts Production 16.5.460 false true true false 1 September 2025 11 December 2023 31 December 2024 31 December 2024 15342025 Mrs E K Greenaway Mr M Walsh Mr N D Roberts Mr A Riley District and County Investments Limited false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15342025 2023-12-10 15342025 2024-12-31 15342025 2023-12-11 2024-12-31 15342025 frs-core:CurrentFinancialInstruments 2024-12-31 15342025 frs-core:ShareCapital 2024-12-31 15342025 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15342025 frs-bus:PrivateLimitedCompanyLtd 2023-12-11 2024-12-31 15342025 frs-bus:FilletedAccounts 2023-12-11 2024-12-31 15342025 frs-bus:SmallEntities 2023-12-11 2024-12-31 15342025 frs-bus:Audited 2023-12-11 2024-12-31 15342025 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-11 2024-12-31 15342025 1 2023-12-11 2024-12-31 15342025 frs-bus:Director1 2023-12-11 2024-12-31 15342025 frs-bus:Director2 2023-12-11 2024-12-31 15342025 frs-bus:Director3 2023-12-11 2024-12-31 15342025 frs-bus:Director4 2023-12-11 2024-12-31 15342025 frs-countries:EnglandWales 2023-12-11 2024-12-31
Registered number: 15342025
Portside Place Developments Limited
Financial Statements
For the Period 11 December 2023 to 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 15342025
31 December 2024
Notes £ £
CURRENT ASSETS
Stocks 4 5,129,632
Debtors 5 1,096,687
Cash at bank and in hand 809,731
7,036,050
Creditors: Amounts Falling Due Within One Year 6 (7,040,408 )
NET CURRENT ASSETS (LIABILITIES) (4,358 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,358 )
NET LIABILITIES (4,358 )
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account (4,458 )
SHAREHOLDERS' FUNDS (4,358)
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 A Riley
Director
1 September 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Portside Place Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15342025 . The registered office is 42 Duke Street, Formby, Liverpool, L37 4AT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Going Concern Disclosure
The company is able to meet its day to day working capital requirements through a loan provided by a company in the same group. Therefore the directors consider it appropriate to prepare the financial statements on the going concern basis.
2.3. Significant judgements and estimations
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily available from other sources. The estimates and underyling assumptions are based on historical experience and other factors considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
2.4. 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.
Turnover is recognised at the point the sale is legally completed.
2.5. 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.
2.6. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
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Page 3
2.7. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Stocks
31 December 2024
£
Development properties 5,129,632
5. Debtors
31 December 2024
£
Due within one year
Other debtors 1,096,687
Amounts owed from group undertakings are interest free and repayable on demand.
6. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Trade creditors 362,030
Amounts owed to group undertakings 4,669,148
Other creditors 2,009,230
7,040,408
Amounts owed to group undertakings are payable on demand.
Page 3
Page 4
7. Share Capital
31 December 2024
£
Allotted, Called up and fully paid 100
8. Related Party Transactions
The following related party transactions were undertaken during the year:
A company in the same group introduced amounts totalling £4,668,158. At the balance sheet date the amount payable was £4,668,158.
A company in the same group introduced amounts totalling £990. At the balance sheet date the amount payable was £990.
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
9. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
10. Controlling Party
The company's controlling party is District and County Investments Limited by virtue of its ownership of 65% of the issued share capital in the company.
11. Audit Information
The auditor's report on the accounts of Portside Place Developments Limited for the period ended 31 December 2024 was unqualified.
The auditor's report was signed by Mark Wrigglesworth (Senior Statutory Auditor) for and on behalf of ERC Accountants & Business Advisers Limited , Statutory Auditor.
ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11 - 13 Hanover Street
Liverpool
Merseyside
L1 3DN
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