Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08698816 Mrs Nichola Adshead Mr Ben Adshead iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08698816 2022-12-31 08698816 2023-12-31 08698816 2023-01-01 2023-12-31 08698816 frs-core:CurrentFinancialInstruments 2023-12-31 08698816 frs-core:Non-currentFinancialInstruments 2023-12-31 08698816 frs-core:ComputerEquipment 2023-12-31 08698816 frs-core:ComputerEquipment 2023-01-01 2023-12-31 08698816 frs-core:ComputerEquipment 2022-12-31 08698816 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 08698816 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08698816 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 08698816 frs-core:PlantMachinery 2023-12-31 08698816 frs-core:PlantMachinery 2023-01-01 2023-12-31 08698816 frs-core:PlantMachinery 2022-12-31 08698816 frs-core:ShareCapital 2023-12-31 08698816 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08698816 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08698816 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08698816 frs-bus:SmallEntities 2023-01-01 2023-12-31 08698816 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08698816 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08698816 frs-bus:Director1 2023-01-01 2023-12-31 08698816 frs-bus:Director2 2023-01-01 2023-12-31 08698816 frs-countries:EnglandWales 2023-01-01 2023-12-31 08698816 2021-12-31 08698816 2022-12-31 08698816 2022-01-01 2022-12-31 08698816 frs-core:CurrentFinancialInstruments 2022-12-31 08698816 frs-core:Non-currentFinancialInstruments 2022-12-31 08698816 frs-core:ShareCapital 2022-12-31 08698816 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08698816
Redinv Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Fleet Bookkeeping Services
Unaudited Financial Statements
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
In accordance with the engagement letter dated, 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 December 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
Fleet Bookkeeping Services
19/04/2024
Fleet Bookkeeping Services
19
Ifield Way
Gravesend
Kent
DA12 5UA
Page 1
Page 2
Balance Sheet
Registered number: 08698816
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 141,249 140,638
Investment Properties 5 (30,000 ) -
111,249 140,638
CURRENT ASSETS
Debtors 6 6,537 1,080
Cash at bank and in hand 78,910 19,087
85,447 20,167
Creditors: Amounts Falling Due Within One Year 7 (118,180 ) (64,545 )
NET CURRENT ASSETS (LIABILITIES) (32,733 ) (44,378 )
TOTAL ASSETS LESS CURRENT LIABILITIES 78,516 96,260
Creditors: Amounts Falling Due After More Than One Year 8 (106,017 ) (106,033 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (41 ) (41 )
NET LIABILITIES (27,542 ) (9,814 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (27,544 ) (9,816 )
SHAREHOLDERS' FUNDS (27,542) (9,814)
Page 2
Page 3
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 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
Mrs Nichola Adshead
Director
22/04/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Redinv Limited is a private company, limited by shares, incorporated in England registered number 08698816. The registered office is 26 Brenchley Avenue, Gravesend, Kent, DA11 7RQ.
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 regarding Investment Properties
Plant & Machinery 20% Reducing Balance
Computer Equipment 20% 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 (2022: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 138,000 6,871 - 144,871
Additions - - 1,949 1,949
As at 31 December 2023 138,000 6,871 1,949 146,820
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 January 2023 - 4,233 - 4,233
Provided during the period - 851 487 1,338
As at 31 December 2023 - 5,084 487 5,571
Net Book Value
As at 31 December 2023 138,000 1,787 1,462 141,249
As at 1 January 2023 138,000 2,638 - 140,638
5. Investment Property
2023
£
Fair Value
As at 1 January 2023 -
Additions 170,000
Disposals (200,000 )
As at 31 December 2023 (30,000 )
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 357 -
Other debtors 1,080 1,080
Other taxes and social security 5,100 -
6,537 1,080
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Directors' loan accounts 118,180 64,545
118,180 64,545
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 106,017 106,033
106,017 106,033
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 5