Acorah Software Products - Accounts Production 16.7.461 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 08325572 Mr Christian Sweeting Mr Kulakulasuriya Perera iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08325572 2024-05-31 08325572 2025-05-31 08325572 2024-06-01 2025-05-31 08325572 frs-core:CurrentFinancialInstruments 2025-05-31 08325572 frs-core:Non-currentFinancialInstruments 2025-05-31 08325572 frs-core:FurnitureFittings 2025-05-31 08325572 frs-core:FurnitureFittings 2024-06-01 2025-05-31 08325572 frs-core:FurnitureFittings 2024-05-31 08325572 frs-core:ShareCapital 2025-05-31 08325572 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 08325572 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 08325572 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 08325572 frs-bus:SmallEntities 2024-06-01 2025-05-31 08325572 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 08325572 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 08325572 frs-bus:Director1 2024-06-01 2025-05-31 08325572 frs-bus:Director2 2024-06-01 2025-05-31 08325572 frs-countries:EnglandWales 2024-06-01 2025-05-31 08325572 2023-05-31 08325572 2024-05-31 08325572 2023-06-01 2024-05-31 08325572 frs-core:CurrentFinancialInstruments 2024-05-31 08325572 frs-core:Non-currentFinancialInstruments 2024-05-31 08325572 frs-core:ShareCapital 2024-05-31 08325572 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 08325572
PENINSULA CAPITAL LIMITED
Unaudited Financial Statements
For The Year Ended 31 May 2025
Frasers Young Ltd
Chartered Certified Accountants
Alpha House
296 Kenton Road
Harrow
HA3 8DD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08325572
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,436 909
Investment Properties 5 1,991,561 1,991,561
2,019,997 1,992,470
CURRENT ASSETS
Debtors 6 2,725 4,386
Cash at bank and in hand 1,853 1,977
4,578 6,363
Creditors: Amounts Falling Due Within One Year 7 (9,026 ) (10,780 )
NET CURRENT ASSETS (LIABILITIES) (4,448 ) (4,417 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,015,549 1,988,053
Creditors: Amounts Falling Due After More Than One Year 8 (1,651,535 ) (1,617,407 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,395 ) (20,395 )
NET ASSETS 343,619 350,251
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 342,619 349,251
SHAREHOLDERS' FUNDS 343,619 350,251
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Page 2
For the year ending 31 May 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 Kulakulasuriya Perera
Director
22/12/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
PENINSULA CAPITAL LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08325572 . The registered office is Sbc House, Restmor Way, Wallington, Surrey, SM6 7AH.
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:
Fixtures & Fittings 25% 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.
2.5. 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 year, 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 year was: 2 (2024: 2)
2 2
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 June 2024 11,098
Additions 37,006
As at 31 May 2025 48,104
Depreciation
As at 1 June 2024 10,189
Provided during the period 9,479
As at 31 May 2025 19,668
Net Book Value
As at 31 May 2025 28,436
As at 1 June 2024 909
5. Investment Property
2025
£
Fair Value
As at 1 June 2024 and 31 May 2025 1,991,561
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 1,884,220 1,884,220
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 2,725 4,386
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 4,346 5,081
Other creditors 4,680 2,930
Taxation and social security - 2,769
9,026 10,780
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 518,589 496,439
Amounts owed to participating interests 1,132,946 1,120,968
1,651,535 1,617,407
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Related Party Transactions
Included in other creditors due after more than one year are loans of £1,132,946(2024- £1,120,968) introduced by the directors/shareholders and related parties namely Mrs C Samayadasa - £497,968(2024-£497,968), Mr M K Jayatilaka - £400,500(2024- £400,500) and Mr S K Perera - £234,500(2024- £222,500).
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