Acorah Software Products - Accounts Production 19.2.450 false true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 NI067569 Mrs L Giacani Mr N C Patterson Mrs L Giacani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI067569 2024-10-31 NI067569 2025-10-31 NI067569 2024-11-01 2025-10-31 NI067569 frs-core:CurrentFinancialInstruments 2025-10-31 NI067569 frs-core:Non-currentFinancialInstruments 2025-10-31 NI067569 frs-core:ComputerEquipment 2025-10-31 NI067569 frs-core:ComputerEquipment 2024-11-01 2025-10-31 NI067569 frs-core:ComputerEquipment 2024-10-31 NI067569 frs-core:FurnitureFittings 2025-10-31 NI067569 frs-core:FurnitureFittings 2024-11-01 2025-10-31 NI067569 frs-core:FurnitureFittings 2024-10-31 NI067569 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-10-31 NI067569 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-01 2025-10-31 NI067569 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 NI067569 frs-core:MotorVehicles 2025-10-31 NI067569 frs-core:MotorVehicles 2024-11-01 2025-10-31 NI067569 frs-core:MotorVehicles 2024-10-31 NI067569 frs-core:CapitalRedemptionReserve 2025-10-31 NI067569 frs-core:ShareCapital 2025-10-31 NI067569 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 NI067569 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 NI067569 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 NI067569 frs-bus:SmallEntities 2024-11-01 2025-10-31 NI067569 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 NI067569 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 NI067569 frs-bus:Director1 2024-11-01 2025-10-31 NI067569 frs-bus:Director2 2024-11-01 2025-10-31 NI067569 frs-bus:CompanySecretary1 2024-11-01 2025-10-31 NI067569 frs-countries:NorthernIreland 2024-11-01 2025-10-31 NI067569 2023-10-31 NI067569 2024-10-31 NI067569 2023-11-01 2024-10-31 NI067569 frs-core:CurrentFinancialInstruments 2024-10-31 NI067569 frs-core:Non-currentFinancialInstruments 2024-10-31 NI067569 frs-core:CapitalRedemptionReserve 2024-10-31 NI067569 frs-core:ShareCapital 2024-10-31 NI067569 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: NI067569
Property Link (Derry) Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: NI067569
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 125,233 133,765
125,233 133,765
CURRENT ASSETS
Debtors 5 113,243 109,730
Cash at bank and in hand 245,549 215,320
358,792 325,050
Creditors: Amounts Falling Due Within One Year 6 (261,333 ) (263,627 )
NET CURRENT ASSETS (LIABILITIES) 97,459 61,423
TOTAL ASSETS LESS CURRENT LIABILITIES 222,692 195,188
Creditors: Amounts Falling Due After More Than One Year 7 - (5,791 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (6,817 ) (8,034 )
NET ASSETS 215,875 181,363
CAPITAL AND RESERVES
Called up share capital 9 54 54
Capital redemption reserve 46 46
Profit and Loss Account 215,775 181,263
SHAREHOLDERS' FUNDS 215,875 181,363
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For the year ending 31 October 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
Mrs L Giacani
Director
Mr N C Patterson
Director
27/01/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Property Link (Derry) Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI067569 . The registered office is 40 Clarendon Street, Londonderry, BT48 7ET.
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 assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold 2.5% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
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2.4. 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.
2.5. Pensions
Contributions to pension funds within maximum limits are charged against profits in the year in which they are paid.  The company contributes to personal pension schemes on behalf of a number of employees.
2.6. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 7)
7 7
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2024 106,611 12,000 49,393 33,455 201,459
Additions - - - 5,070 5,070
As at 31 October 2025 106,611 12,000 49,393 38,525 206,529
...CONTINUED
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Depreciation
As at 1 November 2024 11,929 11,999 22,829 20,937 67,694
Provided during the period 5,331 - 5,313 2,958 13,602
As at 31 October 2025 17,260 11,999 28,142 23,895 81,296
Net Book Value
As at 31 October 2025 89,351 1 21,251 14,630 125,233
As at 1 November 2024 94,682 1 26,564 12,518 133,765
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 113,243 109,730
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,492 3,692
Bank loans and overdrafts 6,117 10,653
Other creditors 208,220 202,372
Taxation and social security 41,504 46,910
261,333 263,627
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 5,791
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 6,817 8,034
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 54 54
10. Post Balance Sheet Events
There have been no significant events affecting the company since the year end. 
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11. Related Party Transactions
N Patterson and L Giacani are regarded as related parties as defined by Financial Reporting Standard 8 “Related Party Disclosures” by virtue of being directors of the company during the year. Included in within ‘Other creditors’ is £11,893 (2024: £3,893) owed to the directors of the company.
By reason of N Patterson and L Giacani being directors of ML Property Management Ltd, Property Link Block Management Ltd and Property Link (North West) Ltd, each are regarded by the directors as related parties. The undernoted transactions and outstanding balances record the position at the beginning and end of the year:
ML Property Management LtdBalance due from related party108637

ML Property Management Ltd

Balance due from related party

108637

Property Link Block Management LtdBalance due from related party£23,810

Property Link Block Management Ltd

Balance due from related party

£23,810

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