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Registered number: 04727761
Ravenwalk Properties Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04727761
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 718,532 721,608
718,532 721,608
CURRENT ASSETS
Stocks 5 - 2,500
Debtors 6 37,668 321,398
Cash at bank and in hand 5,928 5,692
43,596 329,590
Creditors: Amounts Falling Due Within One Year 7 (566,323 ) (846,929 )
NET CURRENT ASSETS (LIABILITIES) (522,727 ) (517,339 )
TOTAL ASSETS LESS CURRENT LIABILITIES 195,805 204,269
Creditors: Amounts Falling Due After More Than One Year 8 (22,361 ) (33,759 )
NET ASSETS 173,444 170,510
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 173,344 170,410
SHAREHOLDERS' FUNDS 173,444 170,510
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For the year ending 30 September 2023 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
Mr J Moss
Director
21 March 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Ravenwalk Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04727761 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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.
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 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.

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:
Leasehold Nil
Plant and machinery 25% Reducing balance
Motor vehicles 25% Reducing balance
Fixtures and fittings 25% Reducing balance
2.4. Investment Properties
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

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.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
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2.7. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Plant and machinery Motor vehicles Fixtures and fittings Total
£ £ £ £ £
Cost
As at 1 October 2022 710,000 32,670 40,185 1,504 784,359
Disposals - (29,920 ) (15,970 ) - (45,890 )
As at 30 September 2023 710,000 2,750 24,215 1,504 738,469
Depreciation
As at 1 October 2022 - 31,277 29,970 1,504 62,751
Provided during the period - 290 2,553 - 2,843
Disposals - (29,687 ) (15,970 ) - (45,657 )
As at 30 September 2023 - 1,880 16,553 1,504 19,937
Net Book Value
As at 30 September 2023 710,000 870 7,662 - 718,532
As at 1 October 2022 710,000 1,393 10,215 - 721,608
The directors believe that historical cost accurately reflects the fair value of the properties held as at 30 September 2022.
5. Stocks
2023 2022
£ £
Materials - 2,500
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 20,000 303,135
Other debtors 17,668 18,263
37,668 321,398
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 1,691 5,074
Bank loans and overdrafts 10,000 10,000
Other creditors 553,931 831,855
Taxation and social security 701 -
566,323 846,929
The bank overdraft is secured against the company's assets and by way of a personal guarantee from the directors.
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 1,691
Bank loans 22,361 32,068
22,361 33,759
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,691 5,074
Later than one year and not later than five years - 1,691
1,691 6,765
1,691 6,765
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
12. Related Party Transactions
The following related party transactions were undertaken during the year:
During the period a company under common control provided advances £82,000 (2022:£80,000) of which £373,135 has been repaid (2021: £80,000). At the balance sheet date the amounts owed to the connected company totalled £507,324 (2021:£798,459)
A director withdrew amounts totalling £105 (2022: £NIL), introduced amounts totalling £11,628 (2022: £NIL). At the balance sheet date the amount owed to the director from company was £38,960 (2022: £27,737).
No dividends were paid to the directors in respect of their shareholdings.
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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