Acorah Software Products - Accounts Production 16.0.110 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 NI648725 Mr Richard Magrath Mrs Emily Magrath iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI648725 2022-10-31 NI648725 2023-10-31 NI648725 2022-11-01 2023-10-31 NI648725 frs-core:CurrentFinancialInstruments 2023-10-31 NI648725 frs-core:ShareCapital 2023-10-31 NI648725 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI648725 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 NI648725 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 NI648725 frs-bus:SmallEntities 2022-11-01 2023-10-31 NI648725 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 NI648725 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 NI648725 frs-core:UnlistedNon-exchangeTraded 2023-10-31 NI648725 frs-core:UnlistedNon-exchangeTraded 2022-10-31 NI648725 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-10-31 NI648725 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-10-31 NI648725 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-10-31 NI648725 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 NI648725 frs-bus:Director1 2022-11-01 2023-10-31 NI648725 frs-bus:Director2 2022-11-01 2023-10-31 NI648725 frs-countries:EnglandWales 2022-11-01 2023-10-31 NI648725 2021-10-31 NI648725 2022-10-31 NI648725 2021-11-01 2022-10-31 NI648725 frs-core:CurrentFinancialInstruments 2022-10-31 NI648725 frs-core:ShareCapital 2022-10-31 NI648725 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: NI648725
Recoz Holding Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Allen Fleming CA Limited
Chartered Accountants & Chartered Tax Advisors
161-163 Upper Lisburn Road
Finaghy
Belfast
BT10 0LJ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI648725
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 2,417,415 1,528,728
Investments 5 100 100
2,417,515 1,528,828
CURRENT ASSETS
Debtors 6 177,790 106,480
Cash at bank and in hand 878,170 1,595,742
1,055,960 1,702,222
Creditors: Amounts Falling Due Within One Year 7 (79,442 ) (27,580 )
NET CURRENT ASSETS (LIABILITIES) 976,518 1,674,642
TOTAL ASSETS LESS CURRENT LIABILITIES 3,394,033 3,203,470
NET ASSETS 3,394,033 3,203,470
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 3,393,933 3,203,370
SHAREHOLDERS' FUNDS 3,394,033 3,203,470
Page 1
Page 2
For the year ending 31 October 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 Richard Magrath
Director
31 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Recoz Holding Limited is a private company, limited by shares, incorporated in England & Wales, registered number NI648725 . The registered office is 161-163 Upper Lisburn Road, Finaghy, Belfast, BT10 0LJ.
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. 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.
2.4. 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.4. Taxation - continued
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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
The number of employees, other than the directors who were not paid, was  NIL (2022: NIL)
- -
4. Investment Property
2023
£
Fair Value
As at 1 November 2022 1,528,728
Additions 888,687
As at 31 October 2023 2,417,415
5. Investments
Unlisted
£
Cost
As at 1 November 2022 100
As at 31 October 2023 100
Provision
As at 1 November 2022 -
As at 31 October 2023 -
Net Book Value
As at 31 October 2023 100
As at 1 November 2022 100
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Page 5
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,008 -
Directors' loan accounts 86,571 -
Amounts owed by subsidiaries 90,211 106,480
177,790 106,480
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 73,997 22,548
Other creditors 2,685 2,685
Accruals and deferred income 2,760 1,920
Directors' loan accounts - 427
79,442 27,580
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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