Acorah Software Products - Accounts Production 16.5.460 false true 30 January 2024 31 January 2023 false 31 January 2024 30 January 2025 30 January 2025 11153801 Jason Parkin true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11153801 2024-01-30 11153801 2025-01-30 11153801 2024-01-31 2025-01-30 11153801 frs-core:CurrentFinancialInstruments 2025-01-30 11153801 frs-core:Non-currentFinancialInstruments 2025-01-30 11153801 frs-core:InvestmentPropertyIncludedWithinPPE 2025-01-30 11153801 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-31 2025-01-30 11153801 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-30 11153801 frs-core:ShareCapital 2025-01-30 11153801 frs-core:RetainedEarningsAccumulatedLosses 2025-01-30 11153801 frs-bus:PrivateLimitedCompanyLtd 2024-01-31 2025-01-30 11153801 frs-bus:FilletedAccounts 2024-01-31 2025-01-30 11153801 frs-bus:SmallEntities 2024-01-31 2025-01-30 11153801 frs-bus:AuditExempt-NoAccountantsReport 2024-01-31 2025-01-30 11153801 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-31 2025-01-30 11153801 1 2024-01-31 2025-01-30 11153801 frs-bus:Director1 2024-01-31 2025-01-30 11153801 frs-countries:EnglandWales 2024-01-31 2025-01-30 11153801 2023-01-30 11153801 2024-01-30 11153801 2023-01-31 2024-01-30 11153801 frs-core:CurrentFinancialInstruments 2024-01-30 11153801 frs-core:Non-currentFinancialInstruments 2024-01-30 11153801 frs-core:ShareCapital 2024-01-30 11153801 frs-core:RetainedEarningsAccumulatedLosses 2024-01-30
Registered number: 11153801
Parkin Corporation Ltd
Unaudited Financial Statements
For The Year Ended 30 January 2025
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11153801
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 990,000 910,000
990,000 910,000
CURRENT ASSETS
Debtors 4 1,033 1,593
Cash at bank and in hand 258 1,747
1,291 3,340
Creditors: Amounts Falling Due Within One Year 5 (142,419 ) (159,859 )
NET CURRENT ASSETS (LIABILITIES) (141,128 ) (156,519 )
TOTAL ASSETS LESS CURRENT LIABILITIES 848,872 753,481
Creditors: Amounts Falling Due After More Than One Year 6 (676,947 ) (677,787 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (32,922 ) (32,906 )
NET ASSETS 139,003 42,788
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 138,993 42,778
SHAREHOLDERS' FUNDS 139,003 42,788
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For the year ending 30 January 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 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
Jason Parkin
Director
29 October 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Income from investment properties
Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.
Service charge income is recognised as revenue in the period to which it relates.
1.3. Investment Properties
Investment properties, including freehold and long leasehold properties, are those which are held either to earn rental income or for capital appreciation or both. Investment properties include property that is being constructed or developed for future use as an investment property.
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.
Investment properties whose fair value can be measured reliably are measured at fair value, based on the market valuations.
Any surplus or deficit on revaluation is recognised in the income statement as a fair value gains and losses.
1.4. 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 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.
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 asset reflects 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.
...CONTINUED
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1.4. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2024: 1)
1 1
3. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 31 January 2024 910,000
Additions 150
Revaluation 79,850
As at 30 January 2025 990,000
Net Book Value
As at 30 January 2025 990,000
As at 31 January 2024 910,000
The investment property was valued, at 30 January 2025, by the director of the company based on the assessment of available market information and property condition. The director believes that their valuation would not be materially different from the professional valuation.
4. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 1,033 1,593
1,033 1,593
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 643 -
Other creditors 1,719 3,288
Accruals and deferred income 4,490 4,351
Director's loan account 135,567 152,220
142,419 159,859
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6. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 676,947 677,787
676,947 677,787
7. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 676,947 677,787
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
9. Related Party Transactions
Included in creditors due within one year is an amount of £135,567 (2024: £152,220 ) owed to its director. Loan is unsecured and and repayable on demand. Interest amounting to £139 was charged on the balance during the year.
10. Ultimate Controlling Party
The company's ultimate controlling party is director by virtue of the ownership of 100% of the issued share capital in the company.
11. General Information
Parkin Corporation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11153801 . The registered office is 21 Blackheath Park, London, England, SE3 9RW.
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