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 11959290 Mr J R Earl-Wright Mrs H Earl-Wright iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11959290 2023-03-31 11959290 2024-03-31 11959290 2023-04-01 2024-03-31 11959290 frs-core:CurrentFinancialInstruments 2024-03-31 11959290 frs-core:Non-currentFinancialInstruments 2024-03-31 11959290 frs-core:ComputerEquipment 2024-03-31 11959290 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11959290 frs-core:ComputerEquipment 2023-03-31 11959290 frs-core:ShareCapital 2024-03-31 11959290 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11959290 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11959290 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11959290 frs-bus:SmallEntities 2023-04-01 2024-03-31 11959290 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11959290 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11959290 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 11959290 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 11959290 frs-bus:Director1 2023-04-01 2024-03-31 11959290 frs-bus:Director2 2023-04-01 2024-03-31 11959290 frs-countries:EnglandWales 2023-04-01 2024-03-31 11959290 2022-03-31 11959290 2023-03-31 11959290 2022-04-01 2023-03-31 11959290 frs-core:CurrentFinancialInstruments 2023-03-31 11959290 frs-core:Non-currentFinancialInstruments 2023-03-31 11959290 frs-core:ShareCapital 2023-03-31 11959290 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 11959290 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 11959290
Railings Property Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report of the Accountant to the directors of Railings Property Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
30/09/2024
van Dijk Accountants
Georgian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP
Page 1
Page 2
Balance Sheet
Registered number: 11959290
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,714 2,286
Investment Properties 5 752,473 678,531
754,187 680,817
CURRENT ASSETS
Cash at bank and in hand 2,190 64,424
2,190 64,424
Creditors: Amounts Falling Due Within One Year 6 (321,802 ) (304,521 )
NET CURRENT ASSETS (LIABILITIES) (319,612 ) (240,097 )
TOTAL ASSETS LESS CURRENT LIABILITIES 434,575 440,720
Creditors: Amounts Falling Due After More Than One Year 7 (447,013 ) (448,858 )
NET LIABILITIES (12,438 ) (8,138 )
CAPITAL AND RESERVES
Called up share capital 8 102 102
Fair Value Reserve 9 30,850 30,850
Profit and Loss Account (43,390 ) (39,090 )
SHAREHOLDERS' FUNDS (12,438) (8,138)
Page 2
Page 3
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 J R Earl-Wright
Director
30/09/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Railings Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11959290 . The registered office is Georgian House, 34 Thoroughfare, Halesworth, Suffolk, IP19 8AP.
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:
Computer Equipment 25% reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 4
Page 5
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 3,048
As at 31 March 2024 3,048
Depreciation
As at 1 April 2023 762
Provided during the period 572
As at 31 March 2024 1,334
Net Book Value
As at 31 March 2024 1,714
As at 1 April 2023 2,286
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 678,531
Additions 73,942
As at 31 March 2024 752,473
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,001 2,001
Accruals and deferred income 1,200 1,200
Directors' loan accounts 318,601 301,320
321,802 304,521
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 447,013 448,858
Page 5
Page 6
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
9. Reserves
Fair Value Reserve
£
As at 1 April 2023 30,850
As at 31 March 2024 30,850
Page 6