Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 June 2022 false 1 January 2023 31 December 2023 31 December 2023 09593207 Mr Neil Savla Mr Sujan Shah true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09593207 2022-12-31 09593207 2023-12-31 09593207 2023-01-01 2023-12-31 09593207 frs-core:CurrentFinancialInstruments 2023-12-31 09593207 frs-core:Non-currentFinancialInstruments 2023-12-31 09593207 frs-core:NetGoodwill 2023-12-31 09593207 frs-core:NetGoodwill 2023-01-01 2023-12-31 09593207 frs-core:NetGoodwill 2022-12-31 09593207 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 09593207 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09593207 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 09593207 frs-core:ShareCapital 2023-12-31 09593207 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09593207 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09593207 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09593207 frs-bus:SmallEntities 2023-01-01 2023-12-31 09593207 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09593207 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09593207 1 2023-01-01 2023-12-31 09593207 frs-bus:Director1 2023-01-01 2023-12-31 09593207 frs-bus:Director2 2023-01-01 2023-12-31 09593207 frs-countries:EnglandWales 2023-01-01 2023-12-31 09593207 2022-05-31 09593207 2022-12-31 09593207 2022-06-01 2022-12-31 09593207 frs-core:CurrentFinancialInstruments 2022-12-31 09593207 frs-core:Non-currentFinancialInstruments 2022-12-31 09593207 frs-core:ShareCapital 2022-12-31 09593207 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09593207
Rocaba Investment Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Mostons
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09593207
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 67,951 122,312
Tangible Assets 5 1,988,867 -
2,056,818 122,312
CURRENT ASSETS
Debtors 7 16,571 3,148
Investments 8 19,253 19,253
Cash at bank and in hand 6,480 -
42,304 22,401
Creditors: Amounts Falling Due Within One Year 9 (130,716 ) (50 )
NET CURRENT ASSETS (LIABILITIES) (88,412 ) 22,351
TOTAL ASSETS LESS CURRENT LIABILITIES 1,968,406 144,663
Creditors: Amounts Falling Due After More Than One Year 10 (1,310,962 ) -
NET ASSETS 657,444 144,663
CAPITAL AND RESERVES
Called up share capital 11 1,318 1,318
Profit and Loss Account 656,126 143,345
SHAREHOLDERS' FUNDS 657,444 144,663
Page 1
Page 2
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 Sujan Shah
Director
02/09/2024
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
Rocaba Investment Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09593207 . The registered office is 29 The Green, Winchmore Hill, London, N21 1HS.
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 not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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.
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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 4 years.
2.5. 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 50 years on buildings element
2.6. Investments in subsidiaries
The investments in subsidiary companies are held at their original purchase price. They are not considered to be impaired and will continue to be held at their transactional value, at the date of acquisition.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 217,444
As at 31 December 2023 217,444
Amortisation
As at 1 January 2023 95,132
Provided during the period 54,361
As at 31 December 2023 149,493
Net Book Value
As at 31 December 2023 67,951
As at 1 January 2023 122,312
5. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 January 2023 -
Additions 1,994,867
As at 31 December 2023 1,994,867
Depreciation
As at 1 January 2023 -
Provided during the period 6,000
As at 31 December 2023 6,000
Net Book Value
As at 31 December 2023 1,988,867
As at 1 January 2023 -
7. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Other debtors 3,147 3,148
Amounts owed by associates 13,424 -
16,571 3,148
Page 4
Page 5
8. Current Asset Investments
31 December 2023 31 December 2022
£ £
Shares in subsidiaries 19,253 19,253
The groups investments in subsidiaries and associated companies are valued at at their cost less impairment. The companies shares are not listed on any open markets.
9. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Bank loans and overdrafts 130,716 -
Amounts owed to associates - 50
130,716 50
10. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Bank loans 1,310,962 -
11. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 1,318 1,318
12. Directors Advances, Credits and Guarantees
Dividends paid to directors £83,333 (2022 £46,667).
13. Related Party Transactions
During the year the company received rent from Rocaba Packaging Limited, a wholly owned subsidiary:
Rent Received £101,913 (2022 £Nil)
14. Ultimate Controlling Party
The controlling party is S Shah.
Page 5