Acorah Software Products - Accounts Production 16.7.461 false true false 29 March 2024 31 March 2025 31 March 2025 15602918 Mrs Sophie Windsor Mrs Sophie Windsor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15602918 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2025-03-31 15602918 2024-03-28 15602918 2025-03-31 15602918 2024-03-29 2025-03-31 15602918 frs-core:CurrentFinancialInstruments 2025-03-31 15602918 frs-core:Non-currentFinancialInstruments 2025-03-31 15602918 frs-core:ShareCapital 2025-03-31 15602918 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 15602918 frs-bus:PrivateLimitedCompanyLtd 2024-03-29 2025-03-31 15602918 frs-bus:FilletedAccounts 2024-03-29 2025-03-31 15602918 frs-bus:SmallEntities 2024-03-29 2025-03-31 15602918 frs-bus:AuditExempt-NoAccountantsReport 2024-03-29 2025-03-31 15602918 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-29 2025-03-31 15602918 frs-bus:Director1 2024-03-29 2025-03-31 15602918 frs-bus:CompanySecretary1 2024-03-29 2025-03-31 15602918 frs-countries:EnglandWales 2024-03-29 2025-03-31
Registered number: 15602918
PSDB Limited
Unaudited Financial Statements
For the Period 29 March 2024 to 31 March 2025
Fox Accountancy Services (Manchester) Ltd
238 Block Lane Chadderton
Oldham
OL9 7QB
PSDB Limited
Contents
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
PSDB Limited
Statement of Financial Position
As At 31 March 2025
Statement of Financial Position
Registered number: 15602918
31 March 2025
Notes £ £
FIXED ASSETS
Investment Properties 4 190,522
190,522
CURRENT ASSETS
Cash at bank and in hand 47
47
Creditors: Amounts Falling Due Within One Year 5 (103,727 )
NET CURRENT ASSETS (LIABILITIES) (103,680 )
TOTAL ASSETS LESS CURRENT LIABILITIES 86,842
Creditors: Amounts Falling Due After More Than One Year 6 (88,626 )
NET LIABILITIES (1,784 )
CAPITAL AND RESERVES
Called up share capital 7 30
Income Statement (1,814 )
SHAREHOLDERS' FUNDS (1,784)
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 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 Income Statement.
On behalf of the board
Mrs Sophie Windsor
Director
03/12/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
PSDB Limited
Notes to the Financial Statements
For the Period 29 March 2024 to 31 March 2025
Notes to the Financial Statements
1. General Information
PSDB Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15602918 . The registered office is Corner Croft, Heathend Farm, Hassall Road, Alsager, Stoke-On-Trent, ST7 2SJ.
The principal activity of the company during the period was the letting of its investment property.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared 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.
The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value.
2.2. Significant judgements and estimations
In the application of the companies accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2.3. Turnover
Turnover is measured at the fair value of rent receivable for the letting of investment property, in the normal course of business, and is shown net of VAT. Revenue is recognised in the income statement on a time basis over the period of the lease term.
2.4. Investment Properties
Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes the purchase price and any directly attributable expenditure.  Subsequently, it is measured at fair value at the reporting end date. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities 
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.  Amounts payable are classified as current liabilities if payment is due within one year or less.  If not, they are presented as non-current liabilities.  Trade creditors are recognised at transaction price and subsequently measured at amortised cost using the effective interest method.  
Page 2
Page 3
PSDB Limited
Notes to the Financial Statements (continued)
For the Period 29 March 2024 to 31 March 2025
2.6. 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 years 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 assets reflect 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.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Investment Property
31 March 2025
£
Fair Value
As at 29 March 2024 -
Additions 190,522
As at 31 March 2025 190,522
The investment property shown above is freehold. The property was purchased on 26 March 2025 at a cost and market value of £190,522. The director considers there to have been no significant change in its market value between then and the period end date.
5. Creditors: Amounts Falling Due Within One Year
31 March 2025
£
Bank loans and overdrafts 1,374
Other creditors 50,727
Accruals and deferred income 900
Director's loan account 50,726
103,727
Bank loans of £1,374 are secured by legal charges over the company's investment properties.
6. Creditors: Amounts Falling Due After More Than One Year
31 March 2025
£
Bank loans 88,626
Bank loans of £88,626 are secured by legal charges over the company's investment properties.
Of the creditors falling due after more than one year the following amounts are due after more than five years.
Page 3
Page 4
PSDB Limited
Notes to the Financial Statements (continued)
For the Period 29 March 2024 to 31 March 2025
31 March 2025
£
Bank loans 80,507
7. Share Capital
31 March 2025
£
Allotted, Called up and fully paid 30
Page 4