Acorah Software Products - Accounts Production 18.1.170 false true true 31 January 2025 1 February 2024 false 1 February 2025 31 January 2026 31 January 2026 11134952 A J Langdale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11134952 2025-01-31 11134952 2026-01-31 11134952 2025-02-01 2026-01-31 11134952 frs-core:CurrentFinancialInstruments 2026-01-31 11134952 frs-core:Non-currentFinancialInstruments 2026-01-31 11134952 frs-core:ShareCapital 2026-01-31 11134952 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 11134952 frs-bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 11134952 frs-bus:FilletedAccounts 2025-02-01 2026-01-31 11134952 frs-bus:SmallEntities 2025-02-01 2026-01-31 11134952 frs-bus:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 11134952 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 11134952 frs-bus:Director1 2025-02-01 2026-01-31 11134952 frs-countries:EnglandWales 2025-02-01 2026-01-31 11134952 2024-01-31 11134952 2025-01-31 11134952 2024-02-01 2025-01-31 11134952 frs-core:CurrentFinancialInstruments 2025-01-31 11134952 frs-core:Non-currentFinancialInstruments 2025-01-31 11134952 frs-core:ShareCapital 2025-01-31 11134952 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31
Registered number: 11134952
Primus Properties Ltd.
Unaudited Financial Statements
For The Year Ended 31 January 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11134952
2026 2025
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 241,239 241,239
241,239 241,239
CURRENT ASSETS
Debtors 5 14,668 14,928
Cash at bank and in hand 19,383 14,109
34,051 29,037
Creditors: Amounts Falling Due Within One Year 6 (90,093 ) (86,534 )
NET CURRENT ASSETS (LIABILITIES) (56,042 ) (57,497 )
TOTAL ASSETS LESS CURRENT LIABILITIES 185,197 183,742
Creditors: Amounts Falling Due After More Than One Year 7 (99,836 ) (111,784 )
NET ASSETS 85,361 71,958
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account 85,359 71,956
SHAREHOLDERS' FUNDS 85,361 71,958
Page 1
Page 2
For the year ending 31 January 2026 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
A J Langdale
Director
30/04/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Primus Properties Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 11134952 . The registered office is Unit 2 East, Northumberland Avenue, Hull, HU2 0LN.
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. Going Concern Disclosure
The company continues to have the financial support of it's directors and shareholders and so these accounts are prepared on a going concern basis.
2.3. 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.
2.4. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
1 1
4. Investment Property
2026
£
Fair Value
As at 1 February 2025 and 31 January 2026 241,239
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 3,600 3,360
Other debtors 11,068 11,568
14,668 14,928
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Bank loans and overdrafts 11,185 9,952
Corporation tax 3,144 2,403
VAT 2,226 1,260
Director's loan account 73,538 72,919
90,093 86,534
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 99,836 111,784
8. Related Party Transactions
Included within debtors is a balance of £11,068 due from a related party at the year end (2025: £11,568).
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