Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 05634003 Mr Harinder Singh Uppal Mr Hardeep Singh Rai iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05634003 2022-11-30 05634003 2023-11-30 05634003 2022-12-01 2023-11-30 05634003 frs-core:CurrentFinancialInstruments 2023-11-30 05634003 frs-core:Non-currentFinancialInstruments 2023-11-30 05634003 frs-core:BetweenOneFiveYears 2023-11-30 05634003 frs-core:ComputerEquipment 2023-11-30 05634003 frs-core:ComputerEquipment 2022-12-01 2023-11-30 05634003 frs-core:ComputerEquipment 2022-11-30 05634003 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-30 05634003 frs-core:InvestmentPropertyIncludedWithinPPE 2022-11-30 05634003 frs-core:PlantMachinery 2023-11-30 05634003 frs-core:PlantMachinery 2022-12-01 2023-11-30 05634003 frs-core:PlantMachinery 2022-11-30 05634003 frs-core:WithinOneYear 2023-11-30 05634003 frs-core:RevaluationReserve 2023-11-30 05634003 frs-core:ShareCapital 2023-11-30 05634003 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 05634003 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05634003 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 05634003 frs-bus:SmallEntities 2022-12-01 2023-11-30 05634003 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 05634003 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 05634003 frs-core:UnlistedNon-exchangeTraded 2023-11-30 05634003 frs-core:UnlistedNon-exchangeTraded 2022-11-30 05634003 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-11-30 05634003 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-11-30 05634003 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-11-30 05634003 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-11-30 05634003 frs-bus:Director1 2022-12-01 2023-11-30 05634003 frs-bus:Director2 2022-12-01 2023-11-30 05634003 frs-countries:EnglandWales 2022-12-01 2023-11-30 05634003 2021-11-30 05634003 2022-11-30 05634003 2021-12-01 2022-11-30 05634003 frs-core:CurrentFinancialInstruments 2022-11-30 05634003 frs-core:Non-currentFinancialInstruments 2022-11-30 05634003 frs-core:BetweenOneFiveYears 2022-11-30 05634003 frs-core:WithinOneYear 2022-11-30 05634003 frs-core:RevaluationReserve 2022-11-30 05634003 frs-core:ShareCapital 2022-11-30 05634003 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 05634003
Raidos Property Services Limited
Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 05634003
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,721,739 3,741,688
Investments 5 1,000 1,000
3,722,739 3,742,688
CURRENT ASSETS
Debtors 6 511,622 -
Cash at bank and in hand 5,078 11,872
516,700 11,872
Creditors: Amounts Falling Due Within One Year 7 (50,288 ) (83,473 )
NET CURRENT ASSETS (LIABILITIES) 466,412 (71,601 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,189,151 3,671,087
Creditors: Amounts Falling Due After More Than One Year 8 (2,508,751 ) (1,990,440 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (324,420 ) (324,420 )
NET ASSETS 1,355,980 1,356,227
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 1,383,059 1,383,059
Profit and Loss Account (27,179 ) (26,932 )
SHAREHOLDERS' FUNDS 1,355,980 1,356,227
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For the year ending 30 November 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 Harinder Singh Uppal
Director
12/09/2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Raidos Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05634003 . The registered office is 21 St Christopher Close, West Bromwich, Birmingham, West Midlands, B70 6TY.
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:
Plant & Machinery 25% on straight line basis
Computer Equipment 18% on straight line basis
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.
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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.
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 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.
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
Investment Properties Plant & Machinery Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 December 2022 3,625,000 4,959 182,450 3,812,409
Additions 12,892 - - 12,892
As at 30 November 2023 3,637,892 4,959 182,450 3,825,301
Depreciation
As at 1 December 2022 - 4,959 65,762 70,721
Provided during the period - - 32,841 32,841
As at 30 November 2023 - 4,959 98,603 103,562
Net Book Value
As at 30 November 2023 3,637,892 - 83,847 3,721,739
As at 1 December 2022 3,625,000 - 116,688 3,741,688
Cost or valuation as at 30 November 2023 represented by:
Investment Properties Plant & Machinery Computer Equipment Total
£ £ £ £
At cost 1,930,413 4,959 182,450 2,117,822
At valuation 1,707,479 - - 1,707,479
3,637,892 4,959 182,450 3,825,301
If the Investment properties had not been revalued, it would have been included at the following historical cost of £1,434,383 plus the improvements of £496,030 as at 30 November 2023
Investment properties were valued by Connells Survey & Valuation during October 2022.
5. Investments
Unlisted
£
Cost
As at 1 December 2022 1,000
As at 30 November 2023 1,000
Provision
As at 1 December 2022 -
As at 30 November 2023 -
...CONTINUED
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Net Book Value
As at 30 November 2023 1,000
As at 1 December 2022 1,000
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 511,506 -
Other taxes and social security 116 -
511,622 -
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 30,301 59,107
Trade creditors - (2 )
Bank loans and overdrafts 6,000 6,000
Other taxes and social security - 26
Net wages - 668
Other creditors 7,562 8,445
Accruals and deferred income - 2,429
Amounts owed to group undertakings 6,425 6,800
50,288 83,473
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 32,449 49,409
Bank loans 1,975,367 1,842,127
Other loans 400,000 -
Directors loan account 100,935 98,904
2,508,751 1,990,440
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9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 30,301 59,107
Later than one year and not later than five years 32,449 49,409
62,750 108,516
62,750 108,516
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Henly Arthur Limited (Company number 07453820)Other DebtorsAt the year end, other debtors includes £50,100 owed by Henly Arthur Limited (Company number 07453820)

Henly Arthur Limited (Company number 07453820)

Other Debtors

At the year end, other debtors includes £50,100 owed by Henly Arthur Limited (Company number 07453820)

V2M Healthcare Group Ltd (Company number 13186204)Other CreditorsAt the year end, other creditors includes £6,425 owed to V2M Healthcare Group Ltd (Company number 13186204

V2M Healthcare Group Ltd (Company number 13186204)

Other Creditors

At the year end, other creditors includes £6,425 owed to V2M Healthcare Group Ltd (Company number 13186204

Trading Continental Ltd (Company number 09556496) and V2M Pharma Ltd (Company number 11490199)Other Debtors and Other LoansIncluded in the other loans is a loan of £400,000 from Trading Continental Ltd (Company number 09556496) received on behalf of V2M Pharma Ltd (Company number 11490199). This loan relationship is between Trading Continental Ltd and V2M Pharma Ltd (an associate of Raidos Property Services Ltd). The loan amount of £400,000 were paid to V2M Pharma Ltd and is reflected in the other debtors.

Trading Continental Ltd (Company number 09556496) and V2M Pharma Ltd (Company number 11490199)

Other Debtors and Other Loans

Included in the other loans is a loan of £400,000 from Trading Continental Ltd (Company number 09556496) received on behalf of V2M Pharma Ltd (Company number 11490199). This loan relationship is between Trading Continental Ltd and V2M Pharma Ltd (an associate of Raidos Property Services Ltd). The loan amount of £400,000 were paid to V2M Pharma Ltd and is reflected in the other debtors.

V2M Pharma Limited (Company number 11490199)Other DebtorsIncluded in the other debtors is the recoverable cost of £56,281 from V2M Pharma Limited for using the computer equipment owned by Raidos Property Services Limited.

V2M Pharma Limited (Company number 11490199)

Other Debtors

Included in the other debtors is the recoverable cost of £56,281 from V2M Pharma Limited for using the computer equipment owned by Raidos Property Services Limited.

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