Acorah Software Products - Accounts Production 15.0.500 false true 31 December 2021 1 January 2021 false 1 January 2022 31 December 2022 31 December 2022 10534733 Mr Joseph Rooney Mr Alun Roberts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10534733 2021-12-31 10534733 2022-12-31 10534733 2022-01-01 2022-12-31 10534733 frs-core:CurrentFinancialInstruments 2022-12-31 10534733 frs-core:Non-currentFinancialInstruments 2022-12-31 10534733 frs-core:ComputerEquipment 2022-12-31 10534733 frs-core:ComputerEquipment 2022-01-01 2022-12-31 10534733 frs-core:ComputerEquipment 2021-12-31 10534733 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 10534733 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 10534733 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2021-12-31 10534733 frs-core:MotorVehicles 2022-12-31 10534733 frs-core:MotorVehicles 2022-01-01 2022-12-31 10534733 frs-core:MotorVehicles 2021-12-31 10534733 frs-core:ShareCapital 2022-12-31 10534733 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 10534733 frs-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 10534733 frs-bus:FilletedAccounts 2022-01-01 2022-12-31 10534733 frs-bus:SmallEntities 2022-01-01 2022-12-31 10534733 frs-bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 10534733 frs-bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 10534733 frs-bus:Director1 2022-01-01 2022-12-31 10534733 frs-bus:Director2 2022-01-01 2022-12-31 10534733 frs-countries:EnglandWales 2022-01-01 2022-12-31 10534733 2020-12-31 10534733 2021-12-31 10534733 2021-01-01 2021-12-31 10534733 frs-core:CurrentFinancialInstruments 2021-12-31 10534733 frs-core:Non-currentFinancialInstruments 2021-12-31 10534733 frs-core:ShareCapital 2021-12-31 10534733 frs-core:RetainedEarningsAccumulatedLosses 2021-12-31
Registered number: 10534733
RSM Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2022
DBS & CO ACCOUNTANTS LIMITED
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10534733
2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,648,110 5,123,984
6,648,110 5,123,984
CURRENT ASSETS
Debtors 5 237,266 664,702
Cash at bank and in hand (538 ) 199,708
236,728 864,410
Creditors: Amounts Falling Due Within One Year 6 (1,183,512 ) (1,705,722 )
NET CURRENT ASSETS (LIABILITIES) (946,784 ) (841,312 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,701,326 4,282,672
Creditors: Amounts Falling Due After More Than One Year 7 (5,648,083 ) (4,153,599 )
NET ASSETS 53,243 129,073
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 53,143 128,973
SHAREHOLDERS' FUNDS 53,243 129,073
Page 1
Page 2
For the year ending 31 December 2022 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 Joseph Rooney
Director
30/07/2024
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
RSM Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10534733 . The registered office is 179 Linacare Road, Liverpool, L21 8JS.
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 0%
Motor Vehicles 20% reducing balance
Computer Equipment 25% Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2021: 9)
7 9
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2022 5,033,311 114,575 925 5,148,811
Additions 1,892,339 - - 1,892,339
Disposals (349,986 ) - - (349,986 )
As at 31 December 2022 6,575,664 114,575 925 6,691,164
Depreciation
As at 1 January 2022 - 24,596 231 24,827
Provided during the period - 17,996 231 18,227
As at 31 December 2022 - 42,592 462 43,054
...CONTINUED
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Page 4
Net Book Value
As at 31 December 2022 6,575,664 71,983 463 6,648,110
As at 1 January 2022 5,033,311 89,979 694 5,123,984
5. Debtors
2022 2021
£ £
Due within one year
Trade debtors 95,459 51,985
Other debtors 141,807 612,717
237,266 664,702
6. Creditors: Amounts Falling Due Within One Year
2022 2021
£ £
Trade creditors 16,424 13,467
Bank loans and overdrafts - 323,898
Corporation tax 11,978 11,978
Other taxes and social security 21,895 3,053
VAT - 4,319
Other creditors 686,652 572,467
Directors' loan accounts 446,563 776,540
1,183,512 1,705,722
7. Creditors: Amounts Falling Due After More Than One Year
2022 2021
£ £
Bank loans 5,648,083 4,153,599
8. Share Capital
2022 2021
£ £
Allotted, Called up and fully paid 100 100
Page 4