Acorah Software Products - Accounts Production 15.0.400 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 00313489 Mr Mikis Euripides Ms Valentina Euripides iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00313489 2022-09-30 00313489 2023-09-30 00313489 2022-10-01 2023-09-30 00313489 frs-core:CurrentFinancialInstruments 2023-09-30 00313489 frs-core:FurnitureFittings 2023-09-30 00313489 frs-core:FurnitureFittings 2022-10-01 2023-09-30 00313489 frs-core:FurnitureFittings 2022-09-30 00313489 frs-core:InvestmentPropertyIncludedWithinPPE 2023-09-30 00313489 frs-core:InvestmentPropertyIncludedWithinPPE 2022-10-01 2023-09-30 00313489 frs-core:InvestmentPropertyIncludedWithinPPE 2022-09-30 00313489 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 00313489 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 00313489 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-09-30 00313489 frs-core:MotorVehicles 2023-09-30 00313489 frs-core:MotorVehicles 2022-10-01 2023-09-30 00313489 frs-core:MotorVehicles 2022-09-30 00313489 frs-core:PlantMachinery 2023-09-30 00313489 frs-core:PlantMachinery 2022-10-01 2023-09-30 00313489 frs-core:PlantMachinery 2022-09-30 00313489 frs-core:RevaluationReserve 2022-10-01 2023-09-30 00313489 frs-core:RevaluationReserve 2022-09-30 00313489 frs-core:RevaluationReserve 2023-09-30 00313489 frs-core:ShareCapital 2023-09-30 00313489 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 00313489 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 00313489 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 00313489 frs-bus:SmallEntities 2022-10-01 2023-09-30 00313489 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 00313489 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 00313489 frs-core:ListedExchangeTraded 2023-09-30 00313489 frs-core:ListedExchangeTraded 2022-09-30 00313489 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-09-30 00313489 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-09-30 00313489 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-09-30 00313489 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-09-30 00313489 frs-bus:Director1 2022-10-01 2023-09-30 00313489 frs-bus:Director2 2022-10-01 2023-09-30 00313489 frs-countries:EnglandWales 2022-10-01 2023-09-30 00313489 2021-09-30 00313489 2022-09-30 00313489 2021-10-01 2022-09-30 00313489 frs-core:CurrentFinancialInstruments 2022-09-30 00313489 frs-core:RevaluationReserve 2022-09-30 00313489 frs-core:ShareCapital 2022-09-30 00313489 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 00313489
Ranburn Limited
Financial Statements
For The Year Ended 30 September 2023
Sloane & Co. LLP
Chartered Certified Accountants & Business Advisors
36-38 Westbourne Grove
Newton Road
London
W2 5SH
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 00313489
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 3,767,916 2,134,973
Investments 4 20,976 20,976
3,788,892 2,155,949
CURRENT ASSETS
Stocks 5 8,305 10,005
Debtors 6 12,912 23,846
Cash at bank and in hand 279,733 269,761
300,950 303,612
Creditors: Amounts Falling Due Within One Year 7 (141,558 ) (164,151 )
NET CURRENT ASSETS (LIABILITIES) 159,392 139,461
TOTAL ASSETS LESS CURRENT LIABILITIES 3,948,284 2,295,410
PROVISIONS FOR LIABILITIES
Deferred Taxation (545,000 ) (109,502 )
NET ASSETS 3,403,284 2,185,908
CAPITAL AND RESERVES
Called up share capital 8 15,100 15,100
Revaluation reserve 9 1,633,263 475,433
Profit and Loss Account 1,754,921 1,695,375
SHAREHOLDERS' FUNDS 3,403,284 2,185,908
Page 1
Page 2
For the year ending 30 September 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 Mikis Euripides
Director
6 August 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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 Straight line over 50 years
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
1.4. 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.
1.5. 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.
Page 3
Page 4
1.6. 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 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.
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 assets reflect 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2022: 3)
3 3
3. Tangible Assets
Land & Property
Freehold Investment Properties Plant & Machinery Motor Vehicles
£ £ £ £
Cost or Valuation
As at 1 October 2022 66,071 2,052,360 49,372 41,439
Additions - 34,312 24,500 -
Disposals - - - (14,195 )
Revaluation - 1,593,328 - -
As at 30 September 2023 66,071 3,680,000 73,872 27,244
Depreciation
As at 1 October 2022 19,327 - 35,452 21,650
Provided during the period 1,321 - 5,763 2,740
Disposals - - - (5,362 )
As at 30 September 2023 20,648 - 41,215 19,028
...CONTINUED
Page 4
Page 5
Net Book Value
As at 30 September 2023 45,423 3,680,000 32,657 8,216
As at 1 October 2022 46,744 2,052,360 13,920 19,789
Fixtures & Fittings Total
£ £
Cost or Valuation
As at 1 October 2022 32,466 2,241,708
Additions - 58,812
Disposals - (14,195 )
Revaluation - 1,593,328
As at 30 September 2023 32,466 3,879,653
Depreciation
As at 1 October 2022 30,306 106,735
Provided during the period 540 10,364
Disposals - (5,362 )
As at 30 September 2023 30,846 111,737
Net Book Value
As at 30 September 2023 1,620 3,767,916
As at 1 October 2022 2,160 2,134,973
4. Investments
Listed
£
Cost
As at 1 October 2022 20,976
As at 30 September 2023 20,976
Provision
As at 1 October 2022 -
As at 30 September 2023 -
Net Book Value
As at 30 September 2023 20,976
As at 1 October 2022 20,976
Page 5
Page 6
5. Stocks
2023 2022
£ £
Finished goods 8,305 10,005
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 16,890
Prepayments and accrued income 10,213 -
VAT 2,699 6,956
12,912 23,846
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 27,604
Corporation tax 4,300 8,040
Other taxes and social security - 1,936
Other creditors 106,772 116,271
Accruals and deferred income 27,486 8,300
Amounts owed to parent undertaking 3,000 2,000
141,558 164,151
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 15,100 15,100
9. Reserves
Revaluation Reserve
£
As at 1 October 2022 475,433
Surplus on revaluation 1,593,328
Deferred tax provision (435,498 )
As at 30 September 2023 1,633,263
Page 6
Page 7
10. General Information
Ranburn Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00313489 . The registered office is 243 Tunnel Ave, Greenwich, London, SE10 0PT.
Group company information
Ranburn Ltd is a 75% subsidiary of George’s Injection Pumps Ltd, a company incorporated in England and Wales.
Page 7