Acorah Software Products - Accounts Production 19.4.351 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 09563624 Mr Sameer Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09563624 2025-03-31 09563624 2026-03-31 09563624 2025-04-01 2026-03-31 09563624 frs-core:CurrentFinancialInstruments 2026-03-31 09563624 frs-core:Non-currentFinancialInstruments 2026-03-31 09563624 frs-core:ComputerEquipment 2026-03-31 09563624 frs-core:ComputerEquipment 2025-04-01 2026-03-31 09563624 frs-core:ComputerEquipment 2025-03-31 09563624 frs-core:FurnitureFittings 2026-03-31 09563624 frs-core:FurnitureFittings 2025-04-01 2026-03-31 09563624 frs-core:FurnitureFittings 2025-03-31 09563624 frs-core:InvestmentPropertyIncludedWithinPPE 2026-03-31 09563624 frs-core:InvestmentPropertyIncludedWithinPPE 2025-04-01 2026-03-31 09563624 frs-core:InvestmentPropertyIncludedWithinPPE 2025-03-31 09563624 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 09563624 frs-core:RevaluationReserve 2026-03-31 09563624 frs-core:ShareCapital 2026-03-31 09563624 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 09563624 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 09563624 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 09563624 frs-bus:SmallEntities 2025-04-01 2026-03-31 09563624 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 09563624 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 09563624 frs-bus:Director1 2025-04-01 2026-03-31 09563624 frs-countries:EnglandWales 2025-04-01 2026-03-31 09563624 2024-03-31 09563624 2025-03-31 09563624 2024-04-01 2025-03-31 09563624 frs-core:CurrentFinancialInstruments 2025-03-31 09563624 frs-core:Non-currentFinancialInstruments 2025-03-31 09563624 frs-core:RevaluationReserve 2025-03-31 09563624 frs-core:ShareCapital 2025-03-31 09563624 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 09563624
Prisa Property Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09563624
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,754,641 3,753,049
3,754,641 3,753,049
CURRENT ASSETS
Debtors 5 4 4
Cash at bank and in hand 7,875 10,601
7,879 10,605
Creditors: Amounts Falling Due Within One Year 6 (850 ) (900 )
NET CURRENT ASSETS (LIABILITIES) 7,029 9,705
TOTAL ASSETS LESS CURRENT LIABILITIES 3,761,670 3,762,754
Creditors: Amounts Falling Due After More Than One Year 7 (4,210,586 ) (4,220,643 )
NET LIABILITIES (448,916 ) (457,889 )
CAPITAL AND RESERVES
Called up share capital 8 4 4
Revaluation reserve (413,094 ) (413,094 )
Profit and Loss Account (35,826 ) (44,799 )
SHAREHOLDERS' FUNDS (448,916) (457,889)
Page 1
Page 2
For the year ending 31 March 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 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
Mr Sameer Patel
Director
14/10/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Prisa Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09563624 . The registered office is 1a Wellington Drive, Purley, CR8 2JS.
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:
Freehold No depreciation
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2025: NIL)
- -
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4. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2025 3,750,000 2,698 1,368 3,754,066
Additions - 3,140 - 3,140
As at 31 March 2026 3,750,000 5,838 1,368 3,757,206
Depreciation
As at 1 April 2025 - 675 342 1,017
Provided during the period - 1,291 257 1,548
As at 31 March 2026 - 1,966 599 2,565
Net Book Value
As at 31 March 2026 3,750,000 3,872 769 3,754,641
As at 1 April 2025 3,750,000 2,023 1,026 3,753,049
Cost or valuation as at 31 March 2026 represented by:
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
At cost 3,750,000 5,838 1,368 3,757,206
3,750,000 5,838 1,368 3,757,206
5. Debtors
2026 2025
£ £
Due within one year
Other debtors 4 4
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Accruals and deferred income 850 900
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 2,660,000 2,660,000
Other loans 40,000 50,000
Long term Loan from the directors 1,510,586 1,510,643
4,210,586 4,220,643
Included in other creditors, the bank loans are secured by a legal charge over the investment property owned by Prisa Property Ltd of £2,660,000 (2025: £2,660,000). Interest is payable on the principal amount of loan.
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 4 4
9. Related Party Transactions
Included in other creditors the amount of £1,550,586 (2025: £1,560,643) due to the directors, shareholders and their family members as at the year end.The loan is unsecured, interest free and repayable on demand.This loan is subordinated to other loans or creditors.
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