Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 01881920 Mr Brian Southern Mr Lee Muncey Mrs Sharon Taylor Mr John Coveney Mr John Coveney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01881920 2022-12-31 01881920 2023-12-31 01881920 2023-01-01 2023-12-31 01881920 frs-core:CurrentFinancialInstruments 2023-12-31 01881920 frs-core:Non-currentFinancialInstruments 2023-12-31 01881920 frs-core:ComputerEquipment 2023-01-01 2023-12-31 01881920 frs-core:FurnitureFittings 2023-12-31 01881920 frs-core:FurnitureFittings 2023-01-01 2023-12-31 01881920 frs-core:FurnitureFittings 2022-12-31 01881920 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 01881920 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01881920 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 01881920 frs-core:OtherResidualIntangibleAssets 2023-12-31 01881920 frs-core:OtherResidualIntangibleAssets 2022-12-31 01881920 frs-core:PlantMachinery 2023-12-31 01881920 frs-core:PlantMachinery 2023-01-01 2023-12-31 01881920 frs-core:PlantMachinery 2022-12-31 01881920 frs-core:ShareCapital 2023-12-31 01881920 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01881920 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01881920 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 01881920 frs-bus:SmallEntities 2023-01-01 2023-12-31 01881920 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01881920 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01881920 frs-bus:Director1 2023-01-01 2023-12-31 01881920 frs-bus:Director2 2023-01-01 2023-12-31 01881920 frs-bus:Director3 2023-01-01 2023-12-31 01881920 frs-bus:Director4 2023-01-01 2023-12-31 01881920 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 01881920 frs-countries:EnglandWales 2023-01-01 2023-12-31 01881920 2021-12-31 01881920 2022-12-31 01881920 2022-01-01 2022-12-31 01881920 frs-core:CurrentFinancialInstruments 2022-12-31 01881920 frs-core:Non-currentFinancialInstruments 2022-12-31 01881920 frs-core:ShareCapital 2022-12-31 01881920 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 01881920
Roman Park Management Limited
Financial Statements
For The Year Ended 31 December 2023
Hippey Accountancy Services
FMAAT
13 Swanwick Walk
Broughton
Milton Keynes
MK10 9LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01881920
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 137,764 143,033
137,764 143,033
CURRENT ASSETS
Stocks 6 3,870 6,408
Debtors 7 24,561 32,006
Cash at bank and in hand 6,182 32,284
34,613 70,698
Creditors: Amounts Falling Due Within One Year 8 (33,985 ) (35,090 )
NET CURRENT ASSETS (LIABILITIES) 628 35,608
TOTAL ASSETS LESS CURRENT LIABILITIES 138,392 178,641
Creditors: Amounts Falling Due After More Than One Year - (5,545 )
NET ASSETS 138,392 173,096
CAPITAL AND RESERVES
Called up share capital 9 5 5
Profit and Loss Account 138,387 173,091
SHAREHOLDERS' FUNDS 138,392 173,096
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For the year ending 31 December 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 Brian Southern
Director
6th September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Roman Park Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01881920 . The registered office is 1 Constantine Way, Bancroft Park, Milton Keynes, Buckinghamshire, MK13 0RA.
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. 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.

The committee has considered the club's working capital requirements for at least one year from the date of signing these financial statements. It continues to review the club's financial performance with a view to increasing revenue, further reducing costs and increasing profitability. On this basis the committee considers that the club will continue to operate within its banking facilities. However, the margin of facilities over requirements is not large and ,inherantly there can be no certainty in relation to these matters.
2.3. 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.
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:
Freehold No Depreciation
Plant & Machinery 25% Reducing Balance
Fixtures & Fittings 10%/2.22% Reducing Balance
Computer Equipment 25% Straight Line
2.5. 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.
2.6. 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 year 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 asset reflects 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.
...CONTINUED
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2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 9)
9 9
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 1,000
As at 31 December 2023 1,000
Amortisation
As at 1 January 2023 1,000
As at 31 December 2023 1,000
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 57,454 46,617 236,060 340,131
Additions - 253 - 253
As at 31 December 2023 57,454 46,870 236,060 340,384
Depreciation
As at 1 January 2023 - 41,938 155,160 197,098
Provided during the period - 1,196 4,326 5,522
As at 31 December 2023 - 43,134 159,486 202,620
Net Book Value
As at 31 December 2023 57,454 3,736 76,574 137,764
As at 1 January 2023 57,454 4,679 80,900 143,033
6. Stocks
2023 2022
£ £
Stock 3,870 6,408
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7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 18,062 26,422
Prepayments and accrued income 4,467 4,379
Other debtors 2,032 1,205
24,561 32,006
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 12,763 12,436
Bank loans and overdrafts 3,517 2,600
Corporation tax 1,097 1,784
Other taxes and social security 3,116 2,892
VAT 4,026 3,211
Other creditors 19 52
Accruals and deferred income 9,447 12,115
33,985 35,090
The Company has an outstanding Bounce Back Loan facility with Lloyds Bank, which was originally drawn down in November 2020. The principal amount of the loan was £15,000, in March 2021 a further £8,000 capital was taken on top of this, giving a total loan amount of £23,000 drawn.
A payment of £10,000 was made prior to the end of the 12 month interest free period - leaving £13,000 loan outstanding.
Interest is being charged at 2.5% pa and payments started in December 2021.
An extra £250 per month has been being paid off capital amount of loan from April 2022.
As of 31 December 2023, the outstanding balance of the loan is £3,517. Given the increased repayments this loan is classified as a current liability, reflecting its expected repayment within the next 12 months.
The repayment of this loan will reduce the Company's current liabilities by £3,517 over the next 12 months. This will have a direct impact on the Company's cash flow, requiring careful liquidity management to ensure that operational needs are met while servicing the debt.
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 5 5
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