Acorah Software Products - Accounts Production 18.1.200 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 01392449 Mrs Eliana O'Shea iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01392449 2024-12-31 01392449 2025-12-31 01392449 2025-01-01 2025-12-31 01392449 frs-core:CurrentFinancialInstruments 2025-12-31 01392449 frs-core:Non-currentFinancialInstruments 2025-12-31 01392449 frs-core:FurnitureFittings 2025-12-31 01392449 frs-core:FurnitureFittings 2025-01-01 2025-12-31 01392449 frs-core:FurnitureFittings 2024-12-31 01392449 frs-core:InvestmentPropertyIncludedWithinPPE 2025-12-31 01392449 frs-core:InvestmentPropertyIncludedWithinPPE 2024-12-31 01392449 frs-core:ShareCapital 2025-12-31 01392449 frs-core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 01392449 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-12-31 01392449 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 01392449 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01392449 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 01392449 frs-bus:SmallEntities 2025-01-01 2025-12-31 01392449 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 01392449 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 01392449 frs-core:UnlistedNon-exchangeTraded 2025-12-31 01392449 frs-core:UnlistedNon-exchangeTraded 2024-12-31 01392449 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 01392449 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-12-31 01392449 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 01392449 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-12-31 01392449 frs-bus:Director1 2025-01-01 2025-12-31 01392449 frs-countries:EnglandWales 2025-01-01 2025-12-31 01392449 2023-12-31 01392449 2024-12-31 01392449 2024-01-01 2024-12-31 01392449 frs-core:CurrentFinancialInstruments 2024-12-31 01392449 frs-core:Non-currentFinancialInstruments 2024-12-31 01392449 frs-core:ShareCapital 2024-12-31 01392449 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 01392449
Pittas Properties Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Mouktaris & Co Ltd
Chartered Accountants & Registered Auditors
156a Burnt Oak Broadway
Edgware
Middlesex
HA8 0AX
Pittas Properties Limited
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—6

Page 1
Pittas Properties Limited
Statement of Financial Position
As At 31 December 2025
Statement of Financial Position
Registered number: 01392449

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,350,001 |  | 1,350,001
Investments | 5 |  | 956 |  | 956
|  |  | 1,350,957 |  | 1,350,957
CURRENT ASSETS
Debtors | 6 | 12,483 |  | 8,177 |
Cash at bank and in hand |  | 18,662 |  | 15,357 |
|  | 31,145 |  | 23,534 |
Creditors: Amounts Falling Due Within One Year | 7 | (18,420 ) |  | (16,576 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 12,725 |  | 6,958
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,363,682 |  | 1,357,915
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (192,770 ) |  | (192,939 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 9 |  | (53,329 ) |  | (53,329 )
NET ASSETS |  |  | 1,117,583 |  | 1,111,647
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Income Statement |  |  | 1,117,483 |  | 1,111,547
SHAREHOLDERS' FUNDS |  |  | 1,117,583 |  | 1,111,647

Page 1
Page 2
Pittas Properties Limited
Statement of Financial Position (continued)
As At 31 December 2025
For the year ending 31 December 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 Eliana O'Shea Director
31 March 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Pittas Properties Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Pittas Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01392449 . The registered office is Devonshire House, Manor Way, Borehamwood, Hertfordshire, WD6 1QQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 are prepared in sterling, which is the functional currency of the entity.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Rental income from investment properties is recognised on an accruals basis in accordance with the terms of the lease agreements. Rental income is recognised on a straight-line basis over the lease term unless another systematic basis better reflects the economic substance of the arrangement.
Service charge income and other recoverable expenses are recognised as revenue when earned and in accordance with the lease terms. Where the company acts as a principal in providing services, service charge income is recognised gross. Where the company acts as an agent, only the management fee retained is recognised as income.
Lease incentives, such as rent-free periods, are recognised on a straight-line basis over the lease term, resulting in an adjustment to rental income recognised in each period. Lease surrender premiums are recognised as income when the right to receive payment is established.
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 | 15% reducing balance

2.4. Investment Properties
Investment property comprises non-owner occupied buildings held to earn rentals and for capital appreciation.
All investment properties are carried at fair value. The fair value of the company's investment properties is determined annually at the reporting date by the directors. In determining the valuations, the directors refer to current market conditions and recent sales transactions of similar properties. In estimating the fair value of the properties, the highest and best use of the property is their current use. Investment property is not depreciated. Changes in fair value are recognised in the income statement.
2025 fair value of investment property: £1,350,000 (2024: £1,350,000)
Investment property is derecognised when disposed of, or when no future economic benefits are expected from the disposal. Any gain or loss arising on derecognition of the property is recognised in profit or loss in the period in which the property is derecognised.
Page 3
Page 4
Pittas Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.5. Taxation
The tax expense represents the sum of the corporation 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.
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.
2.6. Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.
2.7. Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured 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 the market rate of interest.
2.8. Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investmens with original maturities of three months or less.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets

| Investment Properties | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2025 | 1,350,000 | 11,248 | 1,361,248
As at 31 December 2025 | 1,350,000 | 11,248 | 1,361,248
Depreciation
As at 1 January 2025 | - | 11,247 | 11,247
As at 31 December 2025 | - | 11,247 | 11,247

...CONTINUED
Page 4
Page 5
Pittas Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025 | 1,350,000 | 1 | 1,350,001
As at 1 January 2025 | 1,350,000 | 1 | 1,350,001

5. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 January 2025 | 956
As at 31 December 2025 | 956
Provision
As at 1 January 2025 | -
As at 31 December 2025 | -
Net Book Value
As at 31 December 2025 | 956
As at 1 January 2025 | 956

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 2,242 |  | 3,501
Prepayments and accrued income | 9,086 |  | 4,176
Other debtors | 1,155 |  | 500
| 12,483 |  | 8,177

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 500 |  | 500
Corporation tax | 1,388 |  | 3,067
Accruals and deferred income | 10,717 |  | 7,194
Director's loan account | 5,815 |  | 5,815
| 18,420 |  | 16,576

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 160,770 |  | 160,939
Other creditors | 32,000 |  | 32,000
| 192,770 |  | 192,939

Page 5
Page 6
Pittas Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
9. Deferred Taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences and the deferred taxation liability wholly comprises the fair value gain of the investment properties.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 53,329 |  | 53,329

10. Share Capital

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

11. Reserves

| Income Statement
--- | ---
| £
As at 1 January 2025 | 1,111,547
Profit for the year and total comprehensive income | 5,936
As at 31 December 2025 | 1,117,483

Included in retained earnings is £159,988 (2024: £159,988) of net profits which are not available for distribution as they are unrealised.
Page 6