Acorah Software Products - Accounts Production 16.5.460 false true false 5 June 2024 31 March 2025 31 March 2025 15763061 Mr Neil Penrose Mrs Rochelle Penrose iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15763061 2024-06-04 15763061 2025-03-31 15763061 2024-06-05 2025-03-31 15763061 frs-core:CurrentFinancialInstruments 2025-03-31 15763061 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 15763061 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-05 2025-03-31 15763061 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-04 15763061 frs-core:ShareCapital 2025-03-31 15763061 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 15763061 frs-bus:PrivateLimitedCompanyLtd 2024-06-05 2025-03-31 15763061 frs-bus:FilletedAccounts 2024-06-05 2025-03-31 15763061 frs-bus:SmallEntities 2024-06-05 2025-03-31 15763061 frs-bus:AuditExempt-NoAccountantsReport 2024-06-05 2025-03-31 15763061 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-05 2025-03-31 15763061 frs-bus:Director1 2024-06-05 2025-03-31 15763061 frs-bus:Director1 2024-06-04 15763061 frs-bus:Director1 2025-03-31 15763061 frs-bus:Director2 2024-06-05 2025-03-31 15763061 frs-countries:EnglandWales 2024-06-05 2025-03-31
Registered number: 15763061
Penrose Residential Properties Limited
Unaudited Financial Statements
For the Period 5 June 2024 to 31 March 2025
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Penrose Residential Properties Limited
Contents
Contents

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

Page 1
Penrose Residential Properties Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 15763061

| 31 March 2025
--- | ---
| Notes | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 208,568
|  |  | 208,568
CURRENT ASSETS
Cash at bank and in hand |  | 2,885 |
|  | 2,885 |
Creditors: Amounts Falling Due Within One Year | 5 | (212,868 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (209,983 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (1,415 )
NET LIABILITIES |  |  | (1,415 )
CAPITAL AND RESERVES
Called up share capital | 6 |  | 100
Profit and Loss Account |  |  | (1,515 )
SHAREHOLDERS' FUNDS |  |  | (1,415)

For the period ending 31 March 2025 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

Mr Neil Penrose Director
23/09/2025

The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Penrose Residential Properties Limited
Notes to the Financial Statements
For the Period 5 June 2024 to 31 March 2025
Notes to the Financial Statements
1. General Information
Penrose Residential Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15763061 . The registered office is 4 Moorlands Road, Swanmore, Southampton, SO32 2QL.
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:

Freehold | Not depreciated

3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Tangible Assets

| Land & Property
--- | ---
| Freehold
| £
Cost
As at 5 June 2024 | -
Additions | 208,568
As at 31 March 2025 | 208,568
Net Book Value
As at 31 March 2025 | 208,568
As at 5 June 2024 | -

Page 2
Page 3
Penrose Residential Properties Limited
Notes to the Financial Statements (continued)
For the Period 5 June 2024 to 31 March 2025
5. Creditors: Amounts Falling Due Within One Year

| 31 March 2025
--- | ---
| £
Other loans | 192,139
Accruals and deferred income | 360
Directors' loan accounts | 20,369
| 212,868

6. Share Capital

| 31 March 2025
--- | ---
| £
Allotted, Called up and fully paid | 100

7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 5 June 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 March 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Neil Penrose | - | (11,376 ) | (600 ) | - | (10,776 )
Mr Benjamin Penrose | - | (51,943) | (42,350) | - | (9,593)

The above loan is unsecured, interest free and repayable on demand.
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