Acorah Software Products - Accounts Production 16.5.460 false true 29 September 2023 30 September 2022 false 30 September 2023 29 September 2024 29 September 2024 10402997 Dr Raheleh Rahbari Dr Amir Naghsh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10402997 2023-09-29 10402997 2024-09-29 10402997 2023-09-30 2024-09-29 10402997 frs-core:CurrentFinancialInstruments 2024-09-29 10402997 frs-core:Non-currentFinancialInstruments 2024-09-29 10402997 frs-core:BetweenOneFiveYears 2024-09-29 10402997 frs-core:ComputerEquipment 2024-09-29 10402997 frs-core:ComputerEquipment 2023-09-30 2024-09-29 10402997 frs-core:ComputerEquipment 2023-09-29 10402997 frs-core:FurnitureFittings 2024-09-29 10402997 frs-core:FurnitureFittings 2023-09-30 2024-09-29 10402997 frs-core:FurnitureFittings 2023-09-29 10402997 frs-core:MotorVehicles 2024-09-29 10402997 frs-core:MotorVehicles 2023-09-30 2024-09-29 10402997 frs-core:MotorVehicles 2023-09-29 10402997 frs-core:WithinOneYear 2024-09-29 10402997 frs-core:RevaluationReserve 2023-09-30 2024-09-29 10402997 frs-core:RevaluationReserve 2024-09-29 10402997 frs-core:ShareCapital 2024-09-29 10402997 frs-core:RetainedEarningsAccumulatedLosses 2024-09-29 10402997 frs-bus:PrivateLimitedCompanyLtd 2023-09-30 2024-09-29 10402997 frs-bus:FilletedAccounts 2023-09-30 2024-09-29 10402997 frs-bus:SmallEntities 2023-09-30 2024-09-29 10402997 frs-bus:AuditExemptWithAccountantsReport 2023-09-30 2024-09-29 10402997 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-30 2024-09-29 10402997 frs-core:CostValuation 2023-09-29 10402997 frs-core:AdditionsToInvestments 2024-09-29 10402997 frs-core:CostValuation 2024-09-29 10402997 frs-core:ProvisionsForImpairmentInvestments 2023-09-29 10402997 frs-core:ProvisionsForImpairmentInvestments 2024-09-29 10402997 frs-bus:Director1 2023-09-30 2024-09-29 10402997 frs-bus:Director2 2023-09-30 2024-09-29 10402997 frs-core:Non-currentFinancialInstruments 1 2024-09-29 10402997 frs-countries:EnglandWales 2023-09-30 2024-09-29 10402997 2022-09-29 10402997 2023-09-29 10402997 2022-09-30 2023-09-29 10402997 frs-core:CurrentFinancialInstruments 2023-09-29 10402997 frs-core:Non-currentFinancialInstruments 2023-09-29 10402997 frs-core:BetweenOneFiveYears 2023-09-29 10402997 frs-core:WithinOneYear 2023-09-29 10402997 frs-core:RevaluationReserve 2023-09-29 10402997 frs-core:ShareCapital 2023-09-29 10402997 frs-core:RetainedEarningsAccumulatedLosses 2023-09-29 10402997 frs-core:Non-currentFinancialInstruments 1 2023-09-29
Registered number: 10402997
Prime Phenix Ltd
Unaudited Financial Statements
For The Year Ended 29 September 2024
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—8
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Prime Phenix Ltd For The Year Ended 29 September 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Prime Phenix Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Prime Phenix Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Prime Phenix Ltd and state those matters that we have agreed to state to the directors of Prime Phenix Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prime Phenix Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Prime Phenix Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Prime Phenix Ltd . You consider that Prime Phenix Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Prime Phenix Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Anderson Ross Accounting and Tax
29 September 2025
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Page 1
Page 2
Balance Sheet
Registered number: 10402997
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 146,188 170,604
Investment Properties 5 2,600,000 1,976,982
Investments 6 4,000 3,700
2,750,188 2,151,286
CURRENT ASSETS
Debtors 7 11,108,517 6,913,879
Cash at bank and in hand 53,397 275,047
11,161,914 7,188,926
Creditors: Amounts Falling Due Within One Year 8 (5,615,640 ) (2,920,683 )
NET CURRENT ASSETS (LIABILITIES) 5,546,274 4,268,243
TOTAL ASSETS LESS CURRENT LIABILITIES 8,296,462 6,419,529
Creditors: Amounts Falling Due After More Than One Year 9 (6,115,197 ) (4,934,117 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (155,755 ) -
NET ASSETS 2,025,510 1,485,412
CAPITAL AND RESERVES
Called up share capital 11 140,100 140,100
Revaluation reserve 12 623,018 -
Profit and Loss Account 1,262,392 1,345,312
SHAREHOLDERS' FUNDS 2,025,510 1,485,412
Page 2
Page 3
For the year ending 29 September 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
Dr Amir Naghsh
Director
29 September 2025
The notes on pages 4 to 8 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Prime Phenix Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10402997 . The registered office is G-05 Davenport House, 16 Pepper Street, London, , E14 9RP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
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:
Motor Vehicles 15% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
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.
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value. Stocks include assets held for sale, assets in the production process for sale in the ordinary course of business, materials and supplies that are consumed in production.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
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 year 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 13 9
13 9
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 30 September 2023 218,060 5,934 13,449 237,443
Additions - 2,200 - 2,200
As at 29 September 2024 218,060 8,134 13,449 239,643
Depreciation
As at 30 September 2023 59,157 3,464 4,218 66,839
Provided during the period 23,836 934 1,846 26,616
As at 29 September 2024 82,993 4,398 6,064 93,455
...CONTINUED
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Page 6
Net Book Value
As at 29 September 2024 135,067 3,736 7,385 146,188
As at 30 September 2023 158,903 2,470 9,231 170,604
5. Investment Property
2024
£
Fair Value
As at 30 September 2023 1,976,982
Revaluations 623,018
As at 29 September 2024 2,600,000
6. Investments
Subsidiaries
£
Cost
As at 30 September 2023 3,700
Additions 300
As at 29 September 2024 4,000
Provision
As at 30 September 2023 -
As at 29 September 2024 -
Net Book Value
As at 29 September 2024 4,000
As at 30 September 2023 3,700
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,592,105 1,519,408
VAT 12,224 28,366
Amounts owed by subsidiaries 9,504,188 5,366,105
11,108,517 6,913,879
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,656 16,656
Trade creditors 3,845,775 1,464,698
Other loans 1,208,416 722,718
Corporation tax 73,951 104,209
Other taxes and social security 155,990 115,127
Net wages 30,289 16,435
Accruals and deferred income 5,105 4,735
Directors' loan accounts 73,046 249,059
Amounts owed to subsidiaries 206,412 211,854
Amounts owed to other participating interests - 15,192
5,615,640 2,920,683
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 40,592 57,247
Bank loans 1,652,204 1,604,469
Other loan 3,905,550 2,755,550
Directors' Long Term Loan 516,851 516,851
6,115,197 4,934,117
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,656 16,656
Later than one year and not later than five years 40,592 57,247
57,248 73,903
57,248 73,903
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 140,100 140,100
Page 7
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12. Reserves
Revaluation Reserve
£
Surplus on revaluation 623,018
As at 29 September 2024 623,018
13. Related Party Transactions
Included in debtors falling due within one year is an amount of £9,504,188 (2023: £5,366,105) due from subsidiary companies.The loans are interest free.
Included in creditors falling due within one year is an amount of £206,412 (2023: £211,854) owed to subsidiary companies. The loans are interest free.
Included in creditors falling due within one year is an amount of £73,046 (2023: 249,059) owed to the directors of the company. The loan is interest free. 
Included in creditors falling due after more than one year is an amount of £516,851 (2023: £516,851) owed to the directors of the company. The loan is interest free.
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