Acorah Software Products - Accounts Production 14.5.501 false true 31 December 2022 2 August 2022 false 1 January 2023 31 December 2023 31 December 2023 14269184 Avraham Levi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14269184 2022-12-31 14269184 2023-12-31 14269184 2023-01-01 2023-12-31 14269184 frs-core:CurrentFinancialInstruments 2023-12-31 14269184 frs-core:Non-currentFinancialInstruments 2023-12-31 14269184 frs-core:ShareCapital 2023-12-31 14269184 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14269184 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 14269184 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 14269184 frs-bus:SmallEntities 2023-01-01 2023-12-31 14269184 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 14269184 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 14269184 frs-bus:Director1 2023-01-01 2023-12-31 14269184 frs-countries:EnglandWales 2023-01-01 2023-12-31 14269184 2022-08-01 14269184 2022-12-31 14269184 2022-08-02 2022-12-31 14269184 frs-core:CurrentFinancialInstruments 2022-12-31 14269184 frs-core:Non-currentFinancialInstruments 2022-12-31 14269184 frs-core:ShareCapital 2022-12-31 14269184 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 14269184
Redstone Ventures Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 14269184
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 695,543 695,543
695,543 695,543
CURRENT ASSETS
Debtors 5 828 2,210
828 2,210
Creditors: Amounts Falling Due Within One Year 6 (31,683 ) (65,803 )
NET CURRENT ASSETS (LIABILITIES) (30,855 ) (63,593 )
TOTAL ASSETS LESS CURRENT LIABILITIES 664,688 631,950
Creditors: Amounts Falling Due After More Than One Year 7 (626,411 ) (634,873 )
NET ASSETS/(LIABILITIES) 38,277 (2,923 )
CAPITAL AND RESERVES
Called up share capital 8 100 1
Income Statement 38,177 (2,924 )
SHAREHOLDERS' FUNDS 38,277 (2,923)
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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 Income Statement.
On behalf of the board
Avraham Levi
Director
26/03/2024
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
Redstone Ventures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14269184 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
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. 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 income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investment Property
31 December 2023
£
Fair Value
As at 1 January 2023 and 31 December 2023 695,543
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Other debtors 728 2,209
Called up share capital not paid 100 1
828 2,210
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Other taxes and social security 1,818 131
Other creditors (1 ) -
Accruals and deferred income 18,853 3,574
Director's loan account 11,013 62,098
31,683 65,803
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Other loans 626,411 634,873
8. Share Capital
31 December 2023 31 December 2022
£ £
Called Up Share Capital not Paid 100 1
Amount of Allotted, Called Up Share Capital 100 1
Page 4