Acorah Software Products - Accounts Production 16.8.310 false true false 28 October 2024 31 October 2025 31 October 2025 16043714 P J Ebert iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 16043714 2024-10-27 16043714 2025-10-31 16043714 2024-10-28 2025-10-31 16043714 frs-core:CurrentFinancialInstruments 2025-10-31 16043714 frs-core:ShareCapital 2025-10-31 16043714 frs-bus:PrivateLimitedCompanyLtd 2024-10-28 2025-10-31 16043714 frs-bus:FilletedAccounts 2024-10-28 2025-10-31 16043714 frs-bus:SmallEntities 2024-10-28 2025-10-31 16043714 frs-bus:AuditExempt-NoAccountantsReport 2024-10-28 2025-10-31 16043714 frs-bus:SmallCompaniesRegimeForAccounts 2024-10-28 2025-10-31 16043714 frs-core:CostValuation 2024-10-27 16043714 frs-core:AdditionsToInvestments 2025-10-31 16043714 frs-core:CostValuation 2025-10-31 16043714 frs-core:ProvisionsForImpairmentInvestments 2024-10-27 16043714 frs-core:ProvisionsForImpairmentInvestments 2025-10-31 16043714 frs-bus:Director1 2024-10-28 2025-10-31 16043714 frs-countries:EnglandWales 2024-10-28 2025-10-31
Registered number: 16043714
PLFP LIMITED
Unaudited Financial Statements
For the Period 28 October 2024 to 31 October 2025
Tabeo
PLFP LIMITED
Contents
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
PLFP LIMITED
Balance Sheet
As At 31 October 2025
Balance Sheet
Registered number: 16043714
31 October 2025
Notes £ £
FIXED ASSETS
Investments 4 3,015,000
3,015,000
Creditors: Amounts Falling Due Within One Year 5 (3,011,000 )
NET CURRENT ASSETS (LIABILITIES) (3,011,000 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,000
NET ASSETS 4,000
CAPITAL AND RESERVES
Called up share capital 6 4,000
SHAREHOLDERS' FUNDS 4,000
For the period 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 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.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
P J Ebert
Director
23/07/2026
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
PLFP LIMITED
Notes to the Financial Statements
For the Period 28 October 2024 to 31 October 2025
Notes to the Financial Statements
1. General Information
PLFP LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 16043714 . The registered office is 5th Floor, 10 Finsbury Square, London, EC2A 1AF.
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.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
2.2. Financial Instruments
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.  An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis,  or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets,  which include debtors and cash and bank balances,  are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction,  where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.  Financial assets classified as receivable within one year are not amortised.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled,  or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset,  or the Company, despite having retained some, but not all, significant risks and rewards of ownership,  has transferred control of the asset to another party.
Basic financial liabilities
Basic financial liabilities,  including creditors,  bank loans,  loans from fellow group companies and preference shares that are classified as debt,  are initially recognised 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 a market rate of interest.  Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost,  using the effective interest rate method. 
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.  Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.  Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
Investments
Investments in associates are held at cost less impairment.
2.3. Taxation
Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements.  Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse,  based on current tax rates and laws.  Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Page 2
Page 3
PLFP LIMITED
Notes to the Financial Statements (continued)
For the Period 28 October 2024 to 31 October 2025
2.4. Impairment of assets
Assets,  other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date.  If there is objective evidence of impairment,  an impairment loss is recognised in the Statement of Comprehensive Income as described below.
Non-financial assets
At each balance sheet date,  the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists,  the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).  The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use,  the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset,  the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.  An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount,  in which case the impairment loss is treated as a revaluation decrease.
Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced.  The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. 
Where indicators exist for a decrease in impairment loss,  the prior impairment loss is tested to determine reversal.  An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
For financial assets carried at amortised cost,  the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows,  discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised,  the prior impairment loss is tested to determine reversal.  An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Investments
Associates
£
Cost or Valuation
As at 28 October 2024 -
Additions 3,015,000
As at 31 October 2025 3,015,000
Provision
As at 28 October 2024 -
As at 31 October 2025 -
Net Book Value
As at 31 October 2025 3,015,000
As at 28 October 2024 -
Page 3
Page 4
PLFP LIMITED
Notes to the Financial Statements (continued)
For the Period 28 October 2024 to 31 October 2025
Details of associates
The company holds an interest in the following undertaking:
Name of entity      Registered office                     Nature of business                    Class of shares     Ownership
Tabeo Holding         5th Floor 10 Finsbury Square      Holding company and providing    Ordinary                 31.92%
Limited                   London, England, EC2A 1AF       capital to group trading entities
* Net assets: £10,228,538. Loss for the year: £100,844.
On 29 October 2024, the Company acquired 600,000 ordinary shares in Tabeo Holding Limited, a company incorporated in the United Kingdom, for consideration of £3,000,000.
5. Creditors: Amounts Falling Due Within One Year
31 October 2025
£
Director's loan account 3,011,000
The loan from the director is unsecured, interest free and repayable on demand.
6. Share Capital
31 October 2025
£
Allotted, Called up and fully paid 4,000
7. Related Party Transactions
During the period, the director provided a loan of £3,000,000 to the Company. In consideration for this funding, the Company received 600,000 ordinary shares in Tabeo Holding Limited from the director. The shares were recognised at their fair value at the date of transfer.
Page 4