Acorah Software Products - Accounts Production 16.0.110 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 13568688 Mr Ronald Gange Mrs Jeanette Gange iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13568688 2023-08-31 13568688 2024-08-31 13568688 2023-09-01 2024-08-31 13568688 frs-core:CurrentFinancialInstruments 2024-08-31 13568688 frs-core:Non-currentFinancialInstruments 2024-08-31 13568688 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 13568688 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 13568688 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-31 13568688 frs-core:RevaluationReserve 2023-09-01 2024-08-31 13568688 frs-core:RevaluationReserve 2024-08-31 13568688 frs-core:ShareCapital 2024-08-31 13568688 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 13568688 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13568688 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 13568688 frs-bus:SmallEntities 2023-09-01 2024-08-31 13568688 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 13568688 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 13568688 frs-bus:Director1 2023-09-01 2024-08-31 13568688 frs-bus:Director2 2023-09-01 2024-08-31 13568688 frs-countries:EnglandWales 2023-09-01 2024-08-31 13568688 2022-08-31 13568688 2023-08-31 13568688 2022-09-01 2023-08-31 13568688 frs-core:CurrentFinancialInstruments 2023-08-31 13568688 frs-core:Non-currentFinancialInstruments 2023-08-31 13568688 frs-core:RevaluationReserve 2023-08-31 13568688 frs-core:ShareCapital 2023-08-31 13568688 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 13568688
r & j Property Investing Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Lekod Consulting Ltd
Accountants
108
Bensham Grove
Thornton Heath
Surrey
CR7 8DB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13568688
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 113,273
Investment Properties 5 265,000 -
265,001 113,273
CURRENT ASSETS
Cash at bank and in hand 265 10,079
265 10,079
Creditors: Amounts Falling Due Within One Year 6 (21,865 ) (150,569 )
NET CURRENT ASSETS (LIABILITIES) (21,600 ) (140,490 )
TOTAL ASSETS LESS CURRENT LIABILITIES 243,401 (27,217 )
Creditors: Amounts Falling Due After More Than One Year 7 (204,762 ) -
NET ASSETS/(LIABILITIES) 38,639 (27,217 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 104,073 -
Profit and Loss Account (65,436 ) (27,219 )
SHAREHOLDERS' FUNDS 38,639 (27,217)
Page 1
Page 2
For the year ending 31 August 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 Ronald Gange
Director
27th September 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
R & J Property Investing Ltd  is a private company, limited by shares, incorporated in England & Wales , registered number 13568688. The registered office is 55 Laytons Lane, Sunbury-On- Thames. Middlesex. TW16 6LP.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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 profitAndLossAccount_incomeStatement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Development Costs
£
Cost
As at 1 September 2023 113,273
Additions 195,563
Disposals (265,000 )
As at 31 August 2024 43,836
Amortisation
As at 1 September 2023 -
Impairment losses 43,835
As at 31 August 2024 43,835
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 August 2024 1
As at 1 September 2023 113,273
5. Investment Property
2024
£
Fair Value
As at 1 September 2023 -
Additions 265,000
As at 31 August 2024 265,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income - 500
Directors' loan accounts 21,865 150,069
21,865 150,569
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 204,762 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Reserves
Revaluation Reserve
£
Surplus on revaluation 60,237
Deficit on revaluation 43,836
As at 31 August 2024 104,073
Page 4