Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 03704513 Miss R M Potts Mr M Potts Mr M A Potts Miss R M Potts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03704513 2023-01-31 03704513 2024-01-31 03704513 2023-02-01 2024-01-31 03704513 frs-core:CurrentFinancialInstruments 2024-01-31 03704513 frs-core:Non-currentFinancialInstruments 2024-01-31 03704513 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 03704513 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 03704513 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 03704513 frs-core:MotorVehicles 2024-01-31 03704513 frs-core:MotorVehicles 2023-02-01 2024-01-31 03704513 frs-core:MotorVehicles 2023-01-31 03704513 frs-core:ShareCapital 2024-01-31 03704513 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 03704513 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 03704513 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 03704513 frs-bus:SmallEntities 2023-02-01 2024-01-31 03704513 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03704513 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 03704513 frs-bus:Director1 2023-02-01 2024-01-31 03704513 frs-bus:Director2 2023-02-01 2024-01-31 03704513 frs-bus:Director3 2023-02-01 2024-01-31 03704513 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 03704513 frs-core:CurrentFinancialInstruments 1 2024-01-31 03704513 frs-core:CurrentFinancialInstruments 3 2024-01-31 03704513 frs-core:CurrentFinancialInstruments 4 2024-01-31 03704513 frs-core:CurrentFinancialInstruments 5 2024-01-31 03704513 frs-countries:EnglandWales 2023-02-01 2024-01-31 03704513 2022-01-31 03704513 2023-01-31 03704513 2022-02-01 2023-01-31 03704513 frs-core:CurrentFinancialInstruments 2023-01-31 03704513 frs-core:Non-currentFinancialInstruments 2023-01-31 03704513 frs-core:ShareCapital 2023-01-31 03704513 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 03704513 frs-core:CurrentFinancialInstruments 1 2023-01-31 03704513 frs-core:CurrentFinancialInstruments 2 2023-01-31 03704513 frs-core:CurrentFinancialInstruments 3 2023-01-31 03704513 frs-core:CurrentFinancialInstruments 4 2023-01-31 03704513 frs-core:CurrentFinancialInstruments 5 2023-01-31
Registered number: 03704513
Romenbell Properties Limited
Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03704513
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 429,786 429,791
429,786 429,791
CURRENT ASSETS
Stocks 5 1,336,721 1,237,234
Debtors 6 141,439 141,192
Cash at bank and in hand 157,975 270,424
1,636,135 1,648,850
Creditors: Amounts Falling Due Within One Year 7 (1,703,501 ) (1,707,462 )
NET CURRENT ASSETS (LIABILITIES) (67,366 ) (58,612 )
TOTAL ASSETS LESS CURRENT LIABILITIES 362,420 371,179
Creditors: Amounts Falling Due After More Than One Year 8 (59,939 ) (76,412 )
NET ASSETS 302,481 294,767
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 302,479 294,765
SHAREHOLDERS' FUNDS 302,481 294,767
Page 1
Page 2
For the year ending 31 January 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
Miss R M Potts
Director
4 September 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
Romenbell Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03704513 . The registered office is 550 Valley Road, Basford, Nottingham, NG5 1JJ.
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:
Freehold No depreciation
Motor Vehicles 25% Reducing balance
2.4. 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.
2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 429,771 7,996 437,767
As at 31 January 2024 429,771 7,996 437,767
Depreciation
As at 1 February 2023 - 7,976 7,976
Provided during the period - 5 5
As at 31 January 2024 - 7,981 7,981
Net Book Value
As at 31 January 2024 429,771 15 429,786
As at 1 February 2023 429,771 20 429,791
5. Stocks
2024 2023
£ £
Work in progress 1,336,721 1,237,234
6. Debtors
2024 2023
£ £
Due within one year
VAT 537 290
Due after more than one year
Vilecom Ltd 140,902 140,902
141,439 141,192
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 39,570 32,094
Bank loans and overdrafts 16,787 17,099
Corporation tax 1,810 12,266
TRP Properties Ltd loan 70,028 70,028
R Potts loan 545,241 502,591
M Potts loan 264,282 275,282
M A Potts loan account 469,901 460,667
HB Sports Surfaces loan - 25,000
PAYE 985 926
Other creditors B/F 1,994 1,606
Kings Farm Day Nursery Ltd Loan 50,000 50,000
...CONTINUED
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Page 5
Accruals and deferred income 51,300 51,300
Directors' loan accounts 184,853 201,853
Crestbay Ltd loan 6,750 6,750
1,703,501 1,707,462
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 59,939 76,412
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
At the balance sheet date, the company owed the directors £184,853 (2023:£201,853). The amount is unsecured, interest free, with no fixed repayment date.
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