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 09809689 B J Kinane B J Kinane iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09809689 2022-10-31 09809689 2023-10-31 09809689 2022-11-01 2023-10-31 09809689 frs-core:CurrentFinancialInstruments 2023-10-31 09809689 frs-core:ComputerEquipment 2022-11-01 2023-10-31 09809689 frs-core:PlantMachinery 2023-10-31 09809689 frs-core:PlantMachinery 2022-11-01 2023-10-31 09809689 frs-core:PlantMachinery 2022-10-31 09809689 frs-core:ShareCapital 2023-10-31 09809689 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09809689 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09809689 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09809689 frs-bus:SmallEntities 2022-11-01 2023-10-31 09809689 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09809689 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09809689 frs-bus:Director1 2022-11-01 2023-10-31 09809689 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 09809689 frs-countries:EnglandWales 2022-11-01 2023-10-31 09809689 2021-10-31 09809689 2022-10-31 09809689 2021-11-01 2022-10-31 09809689 frs-core:CurrentFinancialInstruments 2022-10-31 09809689 frs-core:ShareCapital 2022-10-31 09809689 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09809689
Riverfort Capital Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 09809689
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,219 771
1,219 771
CURRENT ASSETS
Debtors 5 179,895 94,242
Investments 6 69,622 127,926
Cash at bank and in hand 1,991,897 1,666,100
2,241,414 1,888,268
Creditors: Amounts Falling Due Within One Year 7 (142,390 ) (47,708 )
NET CURRENT ASSETS (LIABILITIES) 2,099,024 1,840,560
TOTAL ASSETS LESS CURRENT LIABILITIES 2,100,243 1,841,331
NET ASSETS 2,100,243 1,841,331
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 2,100,143 1,841,231
SHAREHOLDERS' FUNDS 2,100,243 1,841,331
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 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 Income Statement.
On behalf of the board
B J Kinane
Director
31 July 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
Riverfort Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09809689 . The registered office is Office 9, Dalton House, 60 Windsor Avenue, London, SW19 2RR.
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. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
In preparing these financial statements the directors have made the following judgements:
- Determined whether there are indicators of impairment of the company's unlisted investments. Factors taken into consideration in reaching such a decision include the financial viability and expected future financial performance of the asset.
- Determined that the accounting policies in place in respect of turnover recognition and measurement are reasonable.
2.3. Turnover
Turnover is recognised the the extent that is it probable the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of consideration received or receivable, excluding discounts, rebates, valued added tax and other sales taxes. The following criteria must also be me before turnover is recognised:
Turnover is recognised in the period in which services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of the turnover can be reliably measured;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be reliably measured.
2.4. 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:
Computer Equipment 3 years on a straight line basis
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
...CONTINUED
Page 3
Page 4
2.5. Financial Instruments - continued
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.9. Investments
Unlisted investments are recognised at cost less any provision for impairment.
Listed investments are included at fair value, with changes recognised in profit or loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 November 2022 1,157
Additions 1,250
As at 31 October 2023 2,407
Depreciation
As at 1 November 2022 386
Provided during the period 802
As at 31 October 2023 1,188
Net Book Value
As at 31 October 2023 1,219
As at 1 November 2022 771
Page 4
Page 5
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 179,895 94,242
6. Current Asset Investments
2023 2022
£ £
Listed investments 21,040 9,676
Unlisted investments 48,582 118,250
69,622 127,926
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other loans - 4,309
Other creditors 7,736 34,592
Taxation and social security 134,654 8,807
142,390 47,708
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5