Acorah Software Products - Accounts Production 14.5.601 false true true 31 July 2023 1 August 2022 false 1 August 2023 29 February 2024 29 February 2024 06950374 Mr Eric George Brew Wincham Accountancy Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06950374 2023-07-31 06950374 2024-02-29 06950374 2023-08-01 2024-02-29 06950374 frs-core:CurrentFinancialInstruments 2024-02-29 06950374 frs-core:Non-currentFinancialInstruments 2024-02-29 06950374 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-29 06950374 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-01 2024-02-29 06950374 frs-core:InvestmentPropertyIncludedWithinPPE 2023-07-31 06950374 frs-core:ShareCapital 2024-02-29 06950374 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 06950374 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-02-29 06950374 frs-bus:FilletedAccounts 2023-08-01 2024-02-29 06950374 frs-bus:SmallEntities 2023-08-01 2024-02-29 06950374 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-02-29 06950374 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-02-29 06950374 frs-bus:OrdinaryShareClass1 2023-08-01 2024-02-29 06950374 frs-bus:OrdinaryShareClass1 2024-02-29 06950374 frs-bus:Director1 2023-08-01 2024-02-29 06950374 frs-bus:CompanySecretary1 2023-08-01 2024-02-29 06950374 frs-countries:EnglandWales 2023-08-01 2024-02-29 06950374 2022-07-31 06950374 2023-07-31 06950374 2022-08-01 2023-07-31 06950374 frs-core:CurrentFinancialInstruments 2023-07-31 06950374 frs-core:Non-currentFinancialInstruments 2023-07-31 06950374 frs-core:ShareCapital 2023-07-31 06950374 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 06950374 frs-bus:OrdinaryShareClass1 2022-08-01 2023-07-31
Registered number: 06950374
Retreat In Spain Limited
Unaudited Financial Statements
For the Period 1 August 2023 to 29 February 2024
Adrem Accounting ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06950374
29 February 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 113,513
- 113,513
Creditors: Amounts Falling Due Within One Year 5 (1,387 ) (282 )
NET CURRENT ASSETS (LIABILITIES) (1,387 ) (282 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,387 ) 113,231
Creditors: Amounts Falling Due After More Than One Year 6 - (133,694 )
NET LIABILITIES (1,387 ) (20,463 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (1,389 ) (20,465 )
SHAREHOLDERS' FUNDS (1,387) (20,463)
For the period ending 29 February 2024 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 Profit and Loss Account.
On behalf of the board
Mr Eric George Brew
Director
26/03/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Retreat In Spain Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06950374 . The registered office is Wincham House, Greenfield Farm Trading Estate, Congleton, Cheshire, CW12 4TR.
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. Going Concern Disclosure
The accounts have been prepared on a going concern basis. The company has net liabilities; however the directors, having made appropriate enquiries, and with the continued support of the shareholders the directors believe the company has the ability to meet its liabilities as they fall due. For this reason the accounts have been prepared on a going concern basis.
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 profit and loss account.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 1)
1 1
Page 2
Page 3
4. Tangible Assets
Investment Properties
£
Cost
As at 1 August 2023 113,513
Disposals (113,513 )
Net Book Value
As at 29 February 2024 -
As at 1 August 2023 113,513
5. Creditors: Amounts Falling Due Within One Year
29 February 2024 31 July 2023
£ £
Trade creditors (1 ) -
Corporation tax 464 -
Accruals and deferred income 924 282
1,387 282
6. Creditors: Amounts Falling Due After More Than One Year
29 February 2024 31 July 2023
£ £
Directors loan account - 133,694
- 133,694
7. Share Capital
29 February 2024 31 July 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.000 each 2 2
Page 3