Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 18 September 2025 1 January 2024 31 December 2024 31 December 2024 14177018 Z H Somani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14177018 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-12-31 14177018 2023-12-31 14177018 2024-12-31 14177018 2024-01-01 2024-12-31 14177018 frs-core:CurrentFinancialInstruments 2024-12-31 14177018 frs-core:Non-currentFinancialInstruments 2024-12-31 14177018 frs-core:FurnitureFittings 2024-12-31 14177018 frs-core:FurnitureFittings 2024-01-01 2024-12-31 14177018 frs-core:FurnitureFittings 2023-12-31 14177018 frs-core:ShareCapital 2024-12-31 14177018 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14177018 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14177018 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14177018 frs-bus:SmallEntities 2024-01-01 2024-12-31 14177018 frs-bus:Audited 2024-01-01 2024-12-31 14177018 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14177018 frs-bus:Director1 2024-01-01 2024-12-31 14177018 frs-countries:EnglandWales 2024-01-01 2024-12-31 14177018 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2023-12-31 14177018 2022-12-31 14177018 2023-12-31 14177018 2023-01-01 2023-12-31 14177018 frs-core:CurrentFinancialInstruments 2023-12-31 14177018 frs-core:Non-currentFinancialInstruments 2023-12-31 14177018 frs-core:ShareCapital 2023-12-31 14177018 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14177018
Pearl Hotels (Horley) Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 14177018
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,506 2,008
Investment Properties 5 297,593 297,593
299,099 299,601
CURRENT ASSETS
Debtors 6 1,010 394
Cash at bank and in hand 4,204 4,758
5,214 5,152
Creditors: Amounts Falling Due Within One Year 7 (130,397 ) (125,453 )
NET CURRENT ASSETS (LIABILITIES) (125,183 ) (120,301 )
TOTAL ASSETS LESS CURRENT LIABILITIES 173,916 179,300
Creditors: Amounts Falling Due After More Than One Year 8 (188,764 ) (188,764 )
NET LIABILITIES (14,848 ) (9,464 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (14,948 ) (9,564 )
SHAREHOLDERS' FUNDS (14,848) (9,464)
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
Z H Somani
Director
14 July 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
Pearl Hotels (Horley) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14177018 . The registered office is Oakwood House Guildford Road, Bucks Green, Horsham, West Sussex, RH12 3JJ.
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:
Fixtures & Fittings Straight line over 5 years
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 2,510
As at 31 December 2024 2,510
Depreciation
As at 1 January 2024 502
Provided during the period 502
As at 31 December 2024 1,004
Net Book Value
As at 31 December 2024 1,506
As at 1 January 2024 2,008
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Page 3
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 297,593
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,010 394
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,662 515
Amounts owed to participating interests 122,596 122,596
Other creditors 4,139 2,342
130,397 125,453
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 188,764 188,764
9. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans 188,764 188,764
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. 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.
Page 3
Page 4
12. Audit Information
The auditor's report on the accounts of Pearl Hotels (Horley) Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Mukund Amin (Senior Statutory Auditor) for and on behalf of Affinity Associates Limited , Statutory Auditor.
Affinity Associates Limited
11/12 Affinity Associates
Hallmark Trading Centre, Fourth Way
Wembley
Middlesex
HA9 0LB
Page 4