Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 04972088 Mr A D Samuels Mr B M Samuels Mrs T V Samuels iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04972088 2023-01-31 04972088 2024-01-31 04972088 2023-02-01 2024-01-31 04972088 frs-core:CurrentFinancialInstruments 2024-01-31 04972088 frs-core:OtherReservesSubtotal 2024-01-31 04972088 frs-core:ShareCapital 2024-01-31 04972088 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 04972088 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04972088 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 04972088 frs-bus:SmallEntities 2023-02-01 2024-01-31 04972088 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04972088 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04972088 frs-bus:Director1 2023-02-01 2024-01-31 04972088 frs-bus:Director2 2023-02-01 2024-01-31 04972088 frs-bus:Director3 2023-02-01 2024-01-31 04972088 frs-countries:EnglandWales 2023-02-01 2024-01-31 04972088 2022-01-31 04972088 2023-01-31 04972088 2022-02-01 2023-01-31 04972088 frs-core:CurrentFinancialInstruments 2023-01-31 04972088 frs-core:OtherReservesSubtotal 2023-01-31 04972088 frs-core:ShareCapital 2023-01-31 04972088 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 04972088
Real Ideas Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Kalculus
Chartered Accountants, Registered Auditors & Business Advisors
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 04972088
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 6,000,000 6,000,000
6,000,000 6,000,000
CURRENT ASSETS
Debtors 5 382,101 108,582
Cash at bank and in hand 54,312 274,391
436,413 382,973
Creditors: Amounts Falling Due Within One Year 6 (2,689,271 ) (2,857,161 )
NET CURRENT ASSETS (LIABILITIES) (2,252,858 ) (2,474,188 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,747,142 3,525,812
NET ASSETS 3,747,142 3,525,812
CAPITAL AND RESERVES
Called up share capital 7 100 100
Other reserves 1,239,268 1,239,268
Profit and Loss Account 2,507,774 2,286,444
SHAREHOLDERS' FUNDS 3,747,142 3,525,812
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
Mr A D Samuels
Director
29 October 2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Real Ideas Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04972088 . The registered office is 314 Regents Park Road, Finchley , London, N3 2JX.
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 represents interest receivable on mortgage advances during the year.
2.3. 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: 3 (2023: 3)
3 3
4. Investment Property
2024
£
Fair Value
As at 1 February 2023 and 31 January 2024 6,000,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 379,914 92,022
Prepayments and accrued income 2,187 5,507
Other debtors - 11,053
382,101 108,582
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 67,202 48,068
Accruals and deferred income 55,492 57,825
Amounts owed to group undertakings 2,566,577 2,751,268
2,689,271 2,857,161
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3