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 12843019 N A Borrill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12843019 2023-12-31 12843019 2024-12-31 12843019 2024-01-01 2024-12-31 12843019 frs-core:CurrentFinancialInstruments 2024-12-31 12843019 frs-core:Non-currentFinancialInstruments 2024-12-31 12843019 frs-core:FurnitureFittings 2024-12-31 12843019 frs-core:FurnitureFittings 2024-01-01 2024-12-31 12843019 frs-core:FurnitureFittings 2023-12-31 12843019 frs-core:PlantMachinery 2024-12-31 12843019 frs-core:PlantMachinery 2024-01-01 2024-12-31 12843019 frs-core:PlantMachinery 2023-12-31 12843019 frs-core:ShareCapital 2024-12-31 12843019 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12843019 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12843019 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12843019 frs-bus:SmallEntities 2024-01-01 2024-12-31 12843019 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12843019 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12843019 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 12843019 frs-bus:Director1 2024-01-01 2024-12-31 12843019 frs-countries:EnglandWales 2024-01-01 2024-12-31 12843019 2022-12-31 12843019 2023-12-31 12843019 2023-01-01 2023-12-31 12843019 frs-core:CurrentFinancialInstruments 2023-12-31 12843019 frs-core:Non-currentFinancialInstruments 2023-12-31 12843019 frs-core:ShareCapital 2023-12-31 12843019 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12843019 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31
Registered number: 12843019
Pinsapo Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Future Cloud Accounting Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12843019
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,939 27,668
Investment Properties 5 900,000 900,000
919,939 927,668
CURRENT ASSETS
Debtors 6 318 387
Cash at bank and in hand 10,993 58,810
11,311 59,197
Creditors: Amounts Falling Due Within One Year 7 (24,413 ) (111,002 )
NET CURRENT ASSETS (LIABILITIES) (13,102 ) (51,805 )
TOTAL ASSETS LESS CURRENT LIABILITIES 906,837 875,863
Creditors: Amounts Falling Due After More Than One Year 8 (399,192 ) (399,192 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (93,260 ) (87,288 )
NET ASSETS 414,385 389,383
CAPITAL AND RESERVES
Called up share capital 9 200 200
Fair value reserve 481,606 481,606
Profit and Loss Account (67,421 ) (92,423 )
SHAREHOLDERS' FUNDS 414,385 389,383
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
N A Borrill
Director
09/09/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pinsapo Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12843019 . The registered office is 14 Halifax Court Fernwood Business Park, Cross Lane, Newark, Nottinghamshire, NG24 3JP.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 25% on reducing balance
Fixtures & Fittings 20% on cost
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. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 30,181 29,407 59,588
As at 31 December 2024 30,181 29,407 59,588
Depreciation
As at 1 January 2024 15,569 16,351 31,920
Provided during the period 3,652 4,077 7,729
As at 31 December 2024 19,221 20,428 39,649
Net Book Value
As at 31 December 2024 10,960 8,979 19,939
As at 1 January 2024 14,612 13,056 27,668
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 900,000
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 318 387
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 23,685 111,002
Taxation and social security 728 -
24,413 111,002
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 399,192 399,192
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 4