Acorah Software Products - Accounts Production 16.4.675 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 SC723458 Mrs Pamela Hodges iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC723458 2024-02-28 SC723458 2025-02-28 SC723458 2024-02-29 2025-02-28 SC723458 frs-core:FurnitureFittings 2025-02-28 SC723458 frs-core:FurnitureFittings 2024-02-29 2025-02-28 SC723458 frs-core:FurnitureFittings 2024-02-28 SC723458 frs-core:ShareCapital 2025-02-28 SC723458 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 SC723458 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 SC723458 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 SC723458 frs-bus:SmallEntities 2024-02-29 2025-02-28 SC723458 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 SC723458 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 SC723458 frs-bus:Director1 2024-02-29 2025-02-28 SC723458 frs-countries:Scotland 2024-02-29 2025-02-28 SC723458 2023-02-28 SC723458 2024-02-28 SC723458 2023-03-01 2024-02-28 SC723458 frs-core:CurrentFinancialInstruments 2024-02-28 SC723458 frs-core:ShareCapital 2024-02-28 SC723458 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: SC723458
Palm & Thistle Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Toast Accountants Limited
Palm & Thistle Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—3

Page 1
Palm & Thistle Ltd
Balance Sheet
As At 28 February 2025
Balance Sheet
Registered number: SC723458

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 9,755 |  | 7,949
Investment Properties | 5 |  | 209,021 |  | 209,021
|  |  | 218,776 |  | 216,970
CURRENT ASSETS
Debtors | 6 | - |  | 356 |
Cash at bank and in hand |  | 9,478 |  | 13,733 |
|  | 9,478 |  | 14,089 |
Creditors: Amounts Falling Due Within One Year | 7 | (225,637 ) |  | (225,285 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (216,159 ) |  | (211,196 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,617 |  | 5,774
PROVISIONS FOR LIABILITIES
Provisions For Charges |  |  | - |  | (1,268 )
NET ASSETS |  |  | 2,617 |  | 4,506
CAPITAL AND RESERVES
Called up share capital | 8 |  | 100 |  | 100
Profit and Loss Account |  |  | 2,517 |  | 4,406
SHAREHOLDERS' FUNDS |  |  | 2,617 |  | 4,506

For the year ending 28 February 2025 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 her 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

Mrs Pamela Hodges Director
02/10/2025

The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Palm & Thistle Ltd
Notes to the Financial Statements
For The Year Ended 28 February 2025
Notes to the Financial Statements
1. General Information
Palm & Thistle Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC723458 . The registered office is 171 Buchanan Street, Edinburgh, EH6 8SQ.
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
Depreciation is provided at the following annual rates in order to write off the cost less estaimted residual value of each asset over its estimated useful life.

Fixtures & Fittings | 15% per annum reducing balalance

The carrying values of tangible fixed assets are reviewed for impairment on an annual basis
2.4. Investment Properties
Investment proeprty is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained
Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: )
- -
Page 2
Page 3
Palm & Thistle Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
4. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost
As at 29 February 2024 | 10,530
Additions | 3,528
As at 28 February 2025 | 14,058
Depreciation
As at 29 February 2024 | 2,581
Provided during the period | 1,722
As at 28 February 2025 | 4,303
Net Book Value
As at 28 February 2025 | 9,755
As at 29 February 2024 | 7,949

5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 29 February 2024 and 28 February 2025 | 209,021

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | - |  | 356

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other creditors | 225,637 |  | 225,285

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 3