Acorah Software Products - Accounts Production 19.2.450 false true 31 December 2024 1 January 2024 false 1 June 2026 1 January 2025 31 December 2025 31 December 2025 NI044880 Mr Philip Rex Morrow Mrs Norma Lynne Morrow Mr Philip Rex Morrow true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI044880 2024-12-31 NI044880 2025-12-31 NI044880 2025-01-01 2025-12-31 NI044880 frs-core:CurrentFinancialInstruments 2025-12-31 NI044880 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-12-31 NI044880 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 NI044880 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 NI044880 frs-core:PlantMachinery 2025-12-31 NI044880 frs-core:PlantMachinery 2025-01-01 2025-12-31 NI044880 frs-core:PlantMachinery 2024-12-31 NI044880 frs-core:ShareCapital 2025-12-31 NI044880 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 NI044880 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 NI044880 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 NI044880 frs-bus:SmallEntities 2025-01-01 2025-12-31 NI044880 frs-bus:Audited 2025-01-01 2025-12-31 NI044880 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 NI044880 1 2025-01-01 2025-12-31 NI044880 frs-bus:Director1 2025-01-01 2025-12-31 NI044880 frs-bus:Director2 2025-01-01 2025-12-31 NI044880 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 NI044880 frs-countries:NorthernIreland 2025-01-01 2025-12-31 NI044880 2023-12-31 NI044880 2024-12-31 NI044880 2024-01-01 2024-12-31 NI044880 frs-core:CurrentFinancialInstruments 2024-12-31 NI044880 frs-core:ShareCapital 2024-12-31 NI044880 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: NI044880
PRM Enterprises Ltd
Financial Statements
For The Year Ended 31 December 2025
McCleary & Company Ltd.
PRM Enterprises Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—5

Page 1
PRM Enterprises Ltd
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: NI044880

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 4,216,786 |  | 2,818,888
Investment Properties | 5 |  | 7,820,000 |  | 7,820,000
|  |  | 12,036,786 |  | 10,638,888
CURRENT ASSETS
Debtors | 6 | 213,991 |  | 187,475 |
|  | 213,991 |  | 187,475 |
Creditors: Amounts Falling Due Within One Year | 7 | (6,683,770 ) |  | (5,615,196 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (6,469,779 ) |  | (5,427,721 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 5,567,007 |  | 5,211,167
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (8,801 ) |  | -
NET ASSETS |  |  | 5,558,206 |  | 5,211,167
CAPITAL AND RESERVES
Called up share capital | 9 |  | 10,002 |  | 10,002
Profit and Loss Account |  |  | 5,548,204 |  | 5,201,165
SHAREHOLDERS' FUNDS |  |  | 5,558,206 |  | 5,211,167

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 Philip Rex Morrow Director | Mrs Norma Lynne Morrow Director
1 June 2026

The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
PRM Enterprises Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
PRM Enterprises Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI044880 . The registered office is Rathdown Road, Lissue Industrial Estate, Moira Road, Lisburn, BT28 2RE. The financial statements have been presented in Sterling (£) which is also the functional currency of the company.
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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.
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
Plant & Machinery | 25% on cost

2.4. Investment Properties
Investment property is shown at most the recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 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 during the year was: NIL (2024: NIL)
- -
Page 2
Page 3
PRM Enterprises Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Total
| £ | £ | £
Cost or Valuation
As at 1 January 2025 | 2,736,888 | 577,303 | 3,314,191
Additions | 1,473,898 | - | 1,473,898
Disposals | - | (250,000 ) | (250,000 )
As at 31 December 2025 | 4,210,786 | 327,303 | 4,538,089
Depreciation
As at 1 January 2025 | - | 495,303 | 495,303
Provided during the period | - | 6,000 | 6,000
Disposals | - | (180,000 ) | (180,000 )
As at 31 December 2025 | - | 321,303 | 321,303
Net Book Value
As at 31 December 2025 | 4,210,786 | 6,000 | 4,216,786
As at 1 January 2025 | 2,736,888 | 82,000 | 2,818,888

Freehold land & property includes property at Moira Road, Lisburn. The property is carried at cost. FRS 102 states that depreciation must be charged in respect of freehold property. However the directors assess that as the property is maintained to a high standard it will not decrease in value, and have therefore opted not to depreciate the property. This policy represents a departure from the requirements of the Companies Act 2006, to provide systematic annual depreciation for fixed assets. However the directors consider the adoption of this policy necessary to give a true and fair view.
5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 January 2025 and 31 December 2025 | 7,820,000

Investment property consists of offices, cold stores and warehousing at Rathdown Road, Lissue Industrial Estate, Moira Road, Lisburn and Altnagelvin Industrial Estate, Londonderry. The property has been valued at an open market value of £7,820,000 by Harry Crosby (MRICS), for and on behalf of Osborne King acting as external independent valuers. The valuation indicating the value of the properties was given on 12 May 2025. The Directors feel that, at the balance sheet date, given the condition of the property and knowledge of the current local market, that this valuation would reflect the fair value of the property.
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 12,657 |  | 34,098
Other debtors | 201,334 |  | 153,377
| 213,991 |  | 187,475

Page 3
Page 4
PRM Enterprises Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 11,716 |  | 149,440
Bank loans and overdrafts | 6,400,691 |  | 5,405,813
Other creditors | 172,663 |  | 36,002
Taxation and social security | 98,700 |  | 23,941
| 6,683,770 |  | 5,615,196

8. Secured Creditors
Of the creditors the following amounts are secured.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 6,400,691 |  | 5,405,813

The Bank holds a legal charge over the site at Lissue Industrial Estate, Rathdown Road, Lisburn and also a legal charge over the property at Unit 4 Glenaden Complex, Altnagelvin Industrial Estate, Londonderry.
9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 10,002 |  | 10,002

10. Related Party Disclosures

| Sales to Related Parties £ | Purchases from Related Parties £ | Other Services from/(to) Related Parties £ | Loan Balances owed to/ (by) PRM Enterprises Ltd at Year End £ | Trade Balances owed to/ (by) PRM Enterprises Ltd at Year End £
Transactions with Group Companies | 60,000 | - | 56,999 | - | -
Transactions with Other Related Parties | 473,980 | - | 6,090 | - | (26,400)

11. Controlling Parties
The ultimate controlling parties are the Directors due to their equity shareholding in the parent company which is:
PRM Group Limited
Registered office address:
Rathdown Road
Lissue Industrial Estate
Moira Road
Lisburn
Co Antrim
BT28 2RE
12. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
Page 4
Page 5
PRM Enterprises Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
13. Audit Information
The auditor's report on the accounts of PRM Enterprises Ltd for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by John McCleary (Senior Statutory Auditor) for and on behalf of McCleary & Company Ltd , Statutory Auditor.

McCleary & Company Ltd Garvey Studios 14 Longstone Street Lisburn Co Antrim BT28 1TP

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