Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10652783 Mr Zaheer Sikander Sattar Mrs Rakiza Sattar Zaheer Sikander Sattar false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10652783 2023-03-31 10652783 2024-03-31 10652783 2023-04-01 2024-03-31 10652783 frs-core:CurrentFinancialInstruments 2024-03-31 10652783 frs-core:Non-currentFinancialInstruments 2024-03-31 10652783 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 10652783 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 10652783 frs-core:ShareCapital 2024-03-31 10652783 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10652783 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10652783 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10652783 frs-bus:SmallEntities 2023-04-01 2024-03-31 10652783 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10652783 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10652783 1 2023-04-01 2024-03-31 10652783 frs-core:UnlistedNon-exchangeTraded 2024-03-31 10652783 frs-core:UnlistedNon-exchangeTraded 2023-03-31 10652783 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 10652783 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 10652783 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 10652783 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 10652783 frs-bus:Director1 2023-04-01 2024-03-31 10652783 frs-bus:Director2 2023-04-01 2024-03-31 10652783 frs-countries:EnglandWales 2023-04-01 2024-03-31 10652783 2022-03-31 10652783 2023-03-31 10652783 2022-04-01 2023-03-31 10652783 frs-core:CurrentFinancialInstruments 2023-03-31 10652783 frs-core:Non-currentFinancialInstruments 2023-03-31 10652783 frs-core:ShareCapital 2023-03-31 10652783 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10652783
RAK Estates Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10652783
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 285,056 285,056
Investments 5 2,574 2,574
287,630 287,630
CURRENT ASSETS
Debtors 6 87,666 200
Investments 7 3,000 -
Cash at bank and in hand 362 1,089
91,028 1,289
Creditors: Amounts Falling Due Within One Year 8 (5,179 ) (4,300 )
NET CURRENT ASSETS (LIABILITIES) 85,849 (3,011 )
TOTAL ASSETS LESS CURRENT LIABILITIES 373,479 284,619
Creditors: Amounts Falling Due After More Than One Year 9 (139,684 ) (171,115 )
NET ASSETS 233,795 113,504
CAPITAL AND RESERVES
Called up share capital 200 200
Profit and Loss Account 233,595 113,304
SHAREHOLDERS' FUNDS 233,795 113,504
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Page 2
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 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 Zaheer Sikander Sattar
Director
22nd August 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
RAK Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10652783 . The registered office is 50 Woodgate, Leicester, LE3 5GF.
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.
2.3. Investment Properties
Investment properties are not depreciated.
2.4. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost
As at 1 April 2023 285,056
As at 31 March 2024 285,056
Net Book Value
As at 31 March 2024 285,056
As at 1 April 2023 285,056
5. Investments
Unlisted
£
Cost
As at 1 April 2023 2,574
As at 31 March 2024 2,574
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 2,574
As at 1 April 2023 2,574
Investments comprise of 26% of the issued share capital of Babyland Holdings Limited, a company registered in England & Wales. Company registration number: 13672644
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 87,666 200
7. Current Asset Investments
2024 2023
£ £
Unlisted investments 3,000 -
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,994 2,883
Corporation tax 497 841
Other creditors 1,688 576
5,179 4,300
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 72,781 75,775
Other creditors 66,903 95,340
139,684 171,115
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 75,775 78,658
11. Controlling Party
The company's controlling party is Zaheer Sikander Sattar by virtue of his ownership of 75% of the issued share capital in the company.
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