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 12194398 Mr Neel Rawat Mrs Melina Rawat iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12194398 2022-09-30 12194398 2023-09-30 12194398 2022-10-01 2023-09-30 12194398 frs-core:CurrentFinancialInstruments 2023-09-30 12194398 frs-core:Non-currentFinancialInstruments 2023-09-30 12194398 frs-core:FurnitureFittings 2023-09-30 12194398 frs-core:FurnitureFittings 2022-10-01 2023-09-30 12194398 frs-core:FurnitureFittings 2022-09-30 12194398 frs-core:ShareCapital 2023-09-30 12194398 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 12194398 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12194398 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 12194398 frs-bus:SmallEntities 2022-10-01 2023-09-30 12194398 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 12194398 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 12194398 frs-bus:Director1 2022-10-01 2023-09-30 12194398 frs-bus:Director2 2022-10-01 2023-09-30 12194398 frs-countries:EnglandWales 2022-10-01 2023-09-30 12194398 2021-09-30 12194398 2022-09-30 12194398 2021-10-01 2022-09-30 12194398 frs-core:CurrentFinancialInstruments 2022-09-30 12194398 frs-core:Non-currentFinancialInstruments 2022-09-30 12194398 frs-core:WithinOneYear 2022-09-30 12194398 frs-core:ShareCapital 2022-09-30 12194398 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 12194398
Rawat Property Services Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Nicholas Cliffe & Co. Limited
Mill House Mill Court
Great Shelford
Cambridge
CB22 5LD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12194398
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,632 25,865
Investment Properties 5 842,214 842,214
864,846 868,079
CURRENT ASSETS
Cash at bank and in hand 17,594 10,000
17,594 10,000
Creditors: Amounts Falling Due Within One Year 6 (291,354 ) (297,347 )
NET CURRENT ASSETS (LIABILITIES) (273,760 ) (287,347 )
TOTAL ASSETS LESS CURRENT LIABILITIES 591,086 580,732
Creditors: Amounts Falling Due After More Than One Year 7 (622,378 ) (622,378 )
NET LIABILITIES (31,292 ) (41,646 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (31,392 ) (41,746 )
SHAREHOLDERS' FUNDS (31,292) (41,646)
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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 Neel Rawat
Director
17 July 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
Rawat Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12194398 . The registered office is Summit House, 170 Finchley Road, London, NW3 6BP.
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 10% on cost
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. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 October 2022 32,331
As at 30 September 2023 32,331
Depreciation
As at 1 October 2022 6,466
Provided during the period 3,233
As at 30 September 2023 9,699
Net Book Value
As at 30 September 2023 22,632
As at 1 October 2022 25,865
5. Investment Property
2023
£
Fair Value
As at 1 October 2022 and 30 September 2023 842,214
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 810
Other creditors 50 50
Accruals and deferred income 2,400 2,400
Directors' loan accounts 288,904 294,087
291,354 297,347
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 622,378 622,378
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 810
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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