Acorah Software Products - Accounts Production 19.4.300 false true 31 May 2025 1 June 2024 false 1 June 2025 31 May 2026 31 May 2026 10785611 G V Rogers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10785611 2025-05-31 10785611 2026-05-31 10785611 2025-06-01 2026-05-31 10785611 frs-core:CurrentFinancialInstruments 2026-05-31 10785611 frs-core:ComputerEquipment 2026-05-31 10785611 frs-core:ComputerEquipment 2025-06-01 2026-05-31 10785611 frs-core:ComputerEquipment 2025-05-31 10785611 frs-core:PlantMachinery 2026-05-31 10785611 frs-core:PlantMachinery 2025-06-01 2026-05-31 10785611 frs-core:PlantMachinery 2025-05-31 10785611 frs-core:ShareCapital 2026-05-31 10785611 frs-core:RetainedEarningsAccumulatedLosses 2026-05-31 10785611 frs-bus:PrivateLimitedCompanyLtd 2025-06-01 2026-05-31 10785611 frs-bus:FilletedAccounts 2025-06-01 2026-05-31 10785611 frs-bus:SmallEntities 2025-06-01 2026-05-31 10785611 frs-bus:AuditExempt-NoAccountantsReport 2025-06-01 2026-05-31 10785611 frs-bus:SmallCompaniesRegimeForAccounts 2025-06-01 2026-05-31 10785611 frs-bus:OrdinaryShareClass2 2025-06-01 2026-05-31 10785611 frs-bus:OrdinaryShareClass2 2026-05-31 10785611 frs-bus:OrdinaryShareClass3 2025-06-01 2026-05-31 10785611 frs-bus:OrdinaryShareClass3 2026-05-31 10785611 frs-bus:Director1 2025-06-01 2026-05-31 10785611 frs-countries:EnglandWales 2025-06-01 2026-05-31 10785611 2024-05-31 10785611 2025-05-31 10785611 2024-06-01 2025-05-31 10785611 frs-core:CurrentFinancialInstruments 2025-05-31 10785611 frs-core:ShareCapital 2025-05-31 10785611 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 10785611 frs-bus:OrdinaryShareClass2 2024-06-01 2025-05-31 10785611 frs-bus:OrdinaryShareClass3 2024-06-01 2025-05-31
Registered number: 10785611
Portobello Properties Limited
Financial Statements
For The Year Ended 31 May 2026
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 10785611
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,391 115,410
14,391 115,410
CURRENT ASSETS
Debtors 5 615,308 305,016
Cash at bank and in hand 195,489 185,707
810,797 490,723
Creditors: Amounts Falling Due Within One Year 6 (450,647 ) (444,553 )
NET CURRENT ASSETS (LIABILITIES) 360,150 46,170
TOTAL ASSETS LESS CURRENT LIABILITIES 374,541 161,580
NET ASSETS 374,541 161,580
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 374,441 161,480
SHAREHOLDERS' FUNDS 374,541 161,580
Page 1
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For the year ending 31 May 2026 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 Income Statement.
On behalf of the board
G V Rogers
Director
3rd September 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
Portobello Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10785611 . The registered office is The Dairy, Manor Courtyard, Aston Sandford, Buckinghamshire, HP17 8JB.
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 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:
Plant & Machinery 25% Reducing balance
Computer Equipment 25% Straight line
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2025: 3)
3 3
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 June 2025 151,045 1,652 152,697
Disposals (116,065 ) - (116,065 )
As at 31 May 2026 34,980 1,652 36,632
Depreciation
As at 1 June 2025 36,676 611 37,287
Provided during the period 4,550 302 4,852
Disposals (19,898 ) - (19,898 )
As at 31 May 2026 21,328 913 22,241
Net Book Value
As at 31 May 2026 13,652 739 14,391
As at 1 June 2025 114,369 1,041 115,410
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 516,081 282,392
Other debtors 99,227 22,624
615,308 305,016
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 28,008 -
Other loans - 44,375
Other creditors 32,143 62,560
Taxation and social security 390,496 337,618
450,647 444,553
7. Share Capital
2026 2025
Allotted, called up and fully paid £ £
50 Ordinary A shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
100 100
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