Acorah Software Products - Accounts Production 14.5.501 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08986266 Miss Jane Doherty Mrs Alison Soltani-Davies Ms Janette Post Mr Andrew Post Mr Kieran Brogan Gavandol Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08986266 2022-12-31 08986266 2023-12-31 08986266 2023-01-01 2023-12-31 08986266 frs-core:CurrentFinancialInstruments 2023-12-31 08986266 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 08986266 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-01-01 2023-12-31 08986266 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 08986266 frs-core:ShareCapital 2023-12-31 08986266 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08986266 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08986266 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08986266 frs-bus:SmallEntities 2023-01-01 2023-12-31 08986266 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08986266 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08986266 frs-core:UnlistedNon-exchangeTraded 2023-12-31 08986266 frs-core:UnlistedNon-exchangeTraded 2022-12-31 08986266 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 08986266 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 08986266 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 08986266 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 08986266 frs-bus:Director1 2023-01-01 2023-12-31 08986266 frs-bus:Director2 2023-01-01 2023-12-31 08986266 frs-bus:Director3 2023-01-01 2023-12-31 08986266 frs-bus:Director4 2023-01-01 2023-12-31 08986266 frs-bus:Director5 2023-01-01 2023-12-31 08986266 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 08986266 frs-core:CurrentFinancialInstruments 1 2023-12-31 08986266 frs-countries:EnglandWales 2023-01-01 2023-12-31 08986266 2021-12-31 08986266 2022-12-31 08986266 2022-01-01 2022-12-31 08986266 frs-core:CurrentFinancialInstruments 2022-12-31 08986266 frs-core:ShareCapital 2022-12-31 08986266 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 08986266 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 08986266
RIFT Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08986266
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2 2
Investments 5 200 200
202 202
CURRENT ASSETS
Debtors 6 200,009 200,009
200,009 200,009
Creditors: Amounts Falling Due Within One Year 7 (100 ) (100 )
NET CURRENT ASSETS (LIABILITIES) 199,909 199,909
TOTAL ASSETS LESS CURRENT LIABILITIES 200,111 200,111
NET ASSETS 200,111 200,111
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 200,011 200,011
SHAREHOLDERS' FUNDS 200,111 200,111
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 Andrew Post
Director
19/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
RIFT Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08986266 . The registered office is The Cobalt Building, 1600 Eureka Park, Lower Pemberton, Ashford, Kent, TN25 4BF.
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. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are reviewed at the end of each accounting period and any changes in value are debited through the Profit & Loss Account.
3. Average Number of Employees
The company is dormant and has no employees. NIL (2022: NIL)
- -
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 January 2023 2
As at 31 December 2023 2
Net Book Value
As at 31 December 2023 2
As at 1 January 2023 2
5. Investments
Unlisted
£
Cost
As at 1 January 2023 300
As at 31 December 2023 300
Provision
As at 1 January 2023 100
As at 31 December 2023 100
Net Book Value
As at 31 December 2023 200
As at 1 January 2023 200
Page 3
Page 4
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 1,803 1,803
Amounts owed by related parties 198,106 198,106
Called up share capital not paid 100 100
200,009 200,009
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Amounts owed to subsidiaries 100 100
8. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
9. Related Party Transactions
At the end of the year the Company was owed £198,106 (2022: £198,106) by RIFT Limited, a company majority owned by Janette Post.
Page 4