Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 March 2023 false 1 January 2024 31 December 2024 31 December 2024 12367764 A D'Aponte iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12367764 2023-12-31 12367764 2024-12-31 12367764 2024-01-01 2024-12-31 12367764 frs-core:Non-currentFinancialInstruments 2024-12-31 12367764 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 12367764 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 12367764 frs-core:ShareCapital 2024-12-31 12367764 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12367764 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12367764 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12367764 frs-bus:SmallEntities 2024-01-01 2024-12-31 12367764 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12367764 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12367764 frs-bus:Director1 2024-01-01 2024-12-31 12367764 frs-countries:EnglandWales 2024-01-01 2024-12-31 12367764 2023-02-28 12367764 2023-12-31 12367764 2023-03-01 2023-12-31 12367764 frs-core:Non-currentFinancialInstruments 2023-12-31 12367764 frs-core:ShareCapital 2023-12-31 12367764 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12367764
Prime Properties Acquisitions Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12367764
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,375,000 4,375,000
4,375,000 4,375,000
CURRENT ASSETS
Debtors 5 899,081 899,081
Cash at bank and in hand 77,535 109,817
976,616 1,008,898
Creditors: Amounts Falling Due Within One Year 6 (2,220 ) (44,473 )
NET CURRENT ASSETS (LIABILITIES) 974,396 964,425
TOTAL ASSETS LESS CURRENT LIABILITIES 5,349,396 5,339,425
Creditors: Amounts Falling Due After More Than One Year 7 (2,875,914 ) (2,875,914 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (499,939 ) (499,939 )
NET ASSETS 1,973,543 1,963,572
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 1,973,542 1,963,571
SHAREHOLDERS' FUNDS 1,973,543 1,963,572
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
A D'Aponte
Director
08/09/2025
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
Prime Properties Acquisitions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12367764 . The registered office is 62 St Martin's Lane, London, WC2N 4JS.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
£
Cost
As at 1 January 2024 4,375,000
As at 31 December 2024 4,375,000
Net Book Value
As at 31 December 2024 4,375,000
As at 1 January 2024 4,375,000
5. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Other debtors 899,081 899,081
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Other creditors 2,220 44,473
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Bank loans 2,670,000 2,670,000
Other creditors 205,914 205,914
2,875,914 2,875,914
8. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4