Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 20 March 2022 false 1 April 2023 31 March 2024 31 March 2024 SC726843 Mr Richard Murray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC726843 2023-03-31 SC726843 2024-03-31 SC726843 2023-04-01 2024-03-31 SC726843 frs-core:CurrentFinancialInstruments 2024-03-31 SC726843 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 SC726843 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 SC726843 frs-core:ShareCapital 2024-03-31 SC726843 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC726843 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC726843 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC726843 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC726843 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC726843 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC726843 frs-bus:Director1 2023-04-01 2024-03-31 SC726843 frs-core:CurrentFinancialInstruments 1 2024-03-31 SC726843 frs-countries:Scotland 2023-04-01 2024-03-31 SC726843 2022-03-19 SC726843 2023-03-31 SC726843 2022-03-20 2023-03-31 SC726843 frs-core:CurrentFinancialInstruments 2023-03-31 SC726843 frs-core:ShareCapital 2023-03-31 SC726843 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC726843 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: SC726843
Roseacre Lettings Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
TaxAssist Accountants
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC726843
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 169,999 169,999
169,999 169,999
CURRENT ASSETS
Debtors 4 2,675 -
Cash at bank and in hand 1,075 1,198
3,750 1,198
Creditors: Amounts Falling Due Within One Year 5 (185,642 ) (187,814 )
NET CURRENT ASSETS (LIABILITIES) (181,892 ) (186,616 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,893 ) (16,617 )
NET LIABILITIES (11,893 ) (16,617 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (11,993 ) (16,717 )
SHAREHOLDERS' FUNDS (11,893) (16,617)
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For the year ending 31 March 2024 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 Profit and Loss Account.
On behalf of the board
Mr Richard Murray
Director
16/08/2024
The notes on pages 3 to 4 form part of these financial statements.
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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. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
1.3. 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.
1.4. 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:
1.5. 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. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2023: 1)
1 1
3. Tangible Assets
Investment Properties
£
Cost
As at 1 April 2023 169,999
As at 31 March 2024 169,999
Net Book Value
As at 31 March 2024 169,999
As at 1 April 2023 169,999
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4. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Other debtors Deposit Scotland 2,675 -
2,675 -
5. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Inter company loan 67,813 -
Other creditors Deposit Scotland 1,500 -
Accruals and deferred income 288 576
Director's loan account 116,041 187,238
185,642 187,814
6. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
7. General Information
Roseacre Lettings Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC726843 . The registered office is 13 Gindera Road, Montrose, DD10 8SU.
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