Acorah Software Products - Accounts Production 14.5.601 false true true 31 October 2022 1 November 2021 true 1 November 2022 31 October 2023 31 October 2023 09832872 M H Lambert R J Lambert iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09832872 2022-10-31 09832872 2023-10-31 09832872 2022-11-01 2023-10-31 09832872 frs-core:CurrentFinancialInstruments 2023-10-31 09832872 frs-core:Non-currentFinancialInstruments 2023-10-31 09832872 frs-core:InvestmentPropertyIncludedWithinPPE 2023-10-31 09832872 frs-core:InvestmentPropertyIncludedWithinPPE 2022-10-31 09832872 frs-core:ShareCapital 2023-10-31 09832872 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-10-31 09832872 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09832872 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09832872 frs-bus:FullAccounts 2022-11-01 2023-10-31 09832872 frs-bus:SmallEntities 2022-11-01 2023-10-31 09832872 frs-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 09832872 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09832872 frs-bus:SmallCompaniesRegimeForDirectorsReport 2022-11-01 2023-10-31 09832872 frs-bus:OrdinaryShareClass1 2022-11-01 2023-10-31 09832872 frs-bus:OrdinaryShareClass1 2023-10-31 09832872 frs-bus:Director1 2022-11-01 2023-10-31 09832872 frs-bus:Director2 2022-11-01 2023-10-31 09832872 frs-countries:EnglandWales 2022-11-01 2023-10-31 09832872 2021-10-31 09832872 2022-10-31 09832872 2021-11-01 2022-10-31 09832872 frs-core:CurrentFinancialInstruments 2022-10-31 09832872 frs-core:Non-currentFinancialInstruments 2022-10-31 09832872 frs-core:ShareCapital 2022-10-31 09832872 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2021-10-31 09832872 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 09832872 frs-bus:OrdinaryShareClass1 2021-11-01 2022-10-31
Registered number: 09832872
Roon Investments Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 October 2023
Directors' Report and Unaudited Financial Statements
Contents
Page
Company Information 1
Directors' Report 2
Accountants' Report 3
Statement of Income and Retained Earnings 4
Balance Sheet 5—6
Notes to the Financial Statements 7—9
Page 1
Company Information
Directors M H Lambert
R J Lambert
Company Number 09832872
Registered Office Bank House
81 St Judes Road
Englefield Green
Surrey
TW20 0DF
Accountants Exceed Accountants Limited
Bank House, 81 St Judes Road
Englefield Green
TW20 0DF
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 October 2023.
Principal Activity
The company's principal activity continues to be that of other letting and operating of owned or leased real estate.
Directors
The directors who held office during the year were as follows:
R J Lambert
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
R J Lambert
Director
17/04/2024
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Page 3
Accountants' Report
In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 October 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
17/04/2024
Exceed Accountants Limited
Bank House, 81 St Judes Road
Englefield Green
TW20 0DF
Page 3
Page 4
Statement of Income and Retained Earnings
2023 2022
Notes £ £
TURNOVER 18,967 17,028
Cost of sales (5,617 ) (4,150 )
GROSS PROFIT 13,350 12,878
Administrative expenses (14,089 ) (5,787 )
OPERATING (LOSS)/PROFIT (739 ) 7,091
Interest payable and similar charges (18,212 ) (9,372 )
LOSS FOR THE FINANCIAL YEAR (18,951 ) (2,281 )
RETAINED EARNINGS
As at 1 November 2022 (7,707 ) (5,426 )
As at 31 October 2023 (26,658 ) (7,707 )
The notes on pages 7 to 9 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment property 4 421,346 421,346
421,346 421,346
CURRENT ASSETS
Debtors 5 1,706 2,410
Cash at bank and in hand 15,345 30,795
17,051 33,205
Creditors: Amounts Falling Due Within One Year 6 (185,053 ) (182,256 )
NET CURRENT ASSETS (LIABILITIES) (168,002 ) (149,051 )
TOTAL ASSETS LESS CURRENT LIABILITIES 253,344 272,295
Creditors: Amounts Falling Due After More Than One Year 7 (280,000 ) (280,000 )
NET LIABILITIES (26,656 ) (7,705 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (26,658 ) (7,707 )
SHAREHOLDERS' FUNDS (26,656) (7,705)
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Page 6
For the year ending 31 October 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 in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
R J Lambert
Director
17/04/2024
The notes on pages 7 to 9 form part of these financial statements.
Page 6
Page 7
Notes to the Financial Statements
1. General Information
Roon Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09832872 . The registered office is Bank House, 81 St Judes Road, Englefield Green, Surrey, TW20 0DF.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover represents rents receivable on properties within the UK. Rents are receivable on a monthly basis and where payments are receivable from tenants for periods ending after the balance sheet date, the relevant proportion of rent receivable is recorded as deferred income and included as part of creditors due within one year.
2.4. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
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 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.
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 year was: 2 (2022: 2)
2 2
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4. Investment property
Investment Properties
£
Cost
As at 1 November 2022 421,346
As at 31 October 2023 421,346
Net Book Value
As at 31 October 2023 421,346
As at 1 November 2022 421,346
Cost or valuation as at 31 October 2023 represented by:
Investment Properties
£
At cost 421,346
421,346
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,706 1,526
Other debtors - 884
1,706 2,410
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 205
Accruals and deferred income 1,680 1,680
Directors' loan accounts 183,373 180,371
185,053 182,256
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Investec mortgage 280,000 280,000
280,000 280,000
Creditors falling due after more than one year includes an Interest-only Mortgage balance of £280,000 (2022: £280,000). Interest is currently charged at 2.29%.
8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1 each 2 2
9. Related Party Transactions
At the balance sheet date, included within creditors due within one year, is an amount of £183,373 (2022: £180,371) owed to the directors. This loan is interest free, of no fixed term and repayable on demand.
The ultimate controlling parties are the directors and shareholders of the company.
10. Taxation
The company has carried forward losses of £26,658 (2022: £7,707) that can be utilised against future profits. 
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