Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 11015514 Mr Richard Parsons Mrs De-Ann Parsons iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11015514 2022-10-31 11015514 2023-10-31 11015514 2022-11-01 2023-10-31 11015514 frs-core:CurrentFinancialInstruments 2023-10-31 11015514 frs-core:Non-currentFinancialInstruments 2023-10-31 11015514 frs-core:ComputerEquipment 2023-10-31 11015514 frs-core:ComputerEquipment 2022-11-01 2023-10-31 11015514 frs-core:ComputerEquipment 2022-10-31 11015514 frs-core:FurnitureFittings 2023-10-31 11015514 frs-core:FurnitureFittings 2022-11-01 2023-10-31 11015514 frs-core:FurnitureFittings 2022-10-31 11015514 frs-core:InvestmentPropertyIncludedWithinPPE 2023-10-31 11015514 frs-core:InvestmentPropertyIncludedWithinPPE 2022-10-31 11015514 frs-core:ShareCapital 2023-10-31 11015514 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11015514 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11015514 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 11015514 frs-bus:SmallEntities 2022-11-01 2023-10-31 11015514 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11015514 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11015514 frs-bus:Director1 2022-11-01 2023-10-31 11015514 frs-bus:Director2 2022-11-01 2023-10-31 11015514 frs-core:CurrentFinancialInstruments 1 2023-10-31 11015514 frs-core:Non-currentFinancialInstruments 2 2023-10-31 11015514 frs-core:Non-currentFinancialInstruments 3 2023-10-31 11015514 frs-core:Non-currentFinancialInstruments 4 2023-10-31 11015514 frs-core:Non-currentFinancialInstruments 5 2023-10-31 11015514 frs-core:Non-currentFinancialInstruments 6 2023-10-31 11015514 frs-core:Non-currentFinancialInstruments 7 2023-10-31 11015514 frs-core:Non-currentFinancialInstruments 8 2023-10-31 11015514 frs-core:Non-currentFinancialInstruments 9 2023-10-31 11015514 frs-countries:EnglandWales 2022-11-01 2023-10-31 11015514 2021-10-31 11015514 2022-10-31 11015514 2021-11-01 2022-10-31 11015514 frs-core:CurrentFinancialInstruments 2022-10-31 11015514 frs-core:Non-currentFinancialInstruments 2022-10-31 11015514 frs-core:ShareCapital 2022-10-31 11015514 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 11015514 frs-core:CurrentFinancialInstruments 1 2022-10-31 11015514 frs-core:Non-currentFinancialInstruments 1 2022-10-31 11015514 frs-core:Non-currentFinancialInstruments 2 2022-10-31 11015514 frs-core:Non-currentFinancialInstruments 3 2022-10-31 11015514 frs-core:Non-currentFinancialInstruments 4 2022-10-31 11015514 frs-core:Non-currentFinancialInstruments 5 2022-10-31 11015514 frs-core:Non-currentFinancialInstruments 6 2022-10-31 11015514 frs-core:Non-currentFinancialInstruments 7 2022-10-31 11015514 frs-core:Non-currentFinancialInstruments 8 2022-10-31 11015514 frs-core:Non-currentFinancialInstruments 9 2022-10-31
Registered number: 11015514
Rnd Estates Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Total Accounting Kent Ltd.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11015514
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,835,935 2,515,359
3,835,935 2,515,359
CURRENT ASSETS
Stocks 5 5,298 17,844
Debtors 6 32,008 3,726
Cash at bank and in hand 17,381 3,913
54,687 25,483
Creditors: Amounts Falling Due Within One Year 7 2,780 (32,572 )
NET CURRENT ASSETS (LIABILITIES) 57,467 (7,089 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,893,402 2,508,270
Creditors: Amounts Falling Due After More Than One Year 8 (3,816,097 ) (2,427,966 )
NET ASSETS 77,305 80,304
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 77,303 80,302
SHAREHOLDERS' FUNDS 77,305 80,304
Page 1
Page 2
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 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 Richard Parsons
Director
31/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rnd Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11015514 . The registered office is C/O Total Accounting Kent Ltd., Innovation Centre Medway, Maidstone Rd, Chatham, Kent, ME5 9FD.
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:
Fixtures & Fittings 25% Straight line
Computer Equipment 50% Straight line
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.
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. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 2 (2022: 2)
2 2
4. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 2,512,843 15,675 1,003 2,529,521
Additions 819,268 559,804 201 1,379,273
As at 31 October 2023 3,332,111 575,479 1,204 3,908,794
Depreciation
As at 1 November 2022 - 13,184 978 14,162
Provided during the period - 58,471 226 58,697
As at 31 October 2023 - 71,655 1,204 72,859
Net Book Value
As at 31 October 2023 3,332,111 503,824 - 3,835,935
As at 1 November 2022 2,512,843 2,491 25 2,515,359
5. Stocks
2023 2022
£ £
Work in progress 5,298 17,844
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 13,153 3,726
Other debtors 18,855 -
32,008 3,726
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,454 4,493
Bank loans and overdrafts 84 2,175
Corporation tax 16,287 16,287
Other taxes and social security 12,000 8,000
Other creditors (1) 1,395 1,617
Accruals and deferred income (36,000 ) -
(2,780 ) 32,572
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 29,549 40,466
Mortgage 2 Trapham Road 601,950 -
Mortgage - 10 Salem Place 105,575 105,575
Mortgage - 35 Melrose - 56,581
Di Rust Loan - 206,666
Mortgage 51 Clarence Avenue 44,770 44,770
Mortgage - 12 Coronation Rd 49,670 49,670
Mortgage - 24 London Road 487,500 364,190
RND Management Loan 182,503 5,927
Mortgage - 90 Holland Road 320,044 320,044
Loose Road Loan 650,000 850,000
Mortgage 466 Loose Road 541,380 -
Mortgage 10 & 12 Ash Crescent 417,518 -
Directors loan account 385,638 384,077
3,816,097 2,427,966
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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