Acorah Software Products - Accounts Production 15.0.600 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12122824 Mr Craig Norman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12122824 2022-10-31 12122824 2023-10-31 12122824 2022-11-01 2023-10-31 12122824 frs-core:CurrentFinancialInstruments 2023-10-31 12122824 frs-core:Non-currentFinancialInstruments 2023-10-31 12122824 frs-core:NetGoodwill 2023-10-31 12122824 frs-core:NetGoodwill 2022-11-01 2023-10-31 12122824 frs-core:NetGoodwill 2022-10-31 12122824 frs-core:ShareCapital 2023-10-31 12122824 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12122824 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12122824 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12122824 frs-bus:SmallEntities 2022-11-01 2023-10-31 12122824 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12122824 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12122824 frs-bus:Director1 2022-11-01 2023-10-31 12122824 frs-core:CurrentFinancialInstruments 2 2023-10-31 12122824 frs-countries:EnglandWales 2022-11-01 2023-10-31 12122824 2021-10-31 12122824 2022-10-31 12122824 2021-11-01 2022-10-31 12122824 frs-core:CurrentFinancialInstruments 2022-10-31 12122824 frs-core:Non-currentFinancialInstruments 2022-10-31 12122824 frs-core:ShareCapital 2022-10-31 12122824 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 12122824 frs-core:CurrentFinancialInstruments 2 2022-10-31
Registered number: 12122824
Rouge Property Estates Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr Craig Norman
Company Number 12122824
Registered Office 34-36 Lowlands Road
Harrow
HA1 3AT
Accountants Town & Forest
Chartered Accountants & Statutory Auditors
First Floor, New Barnes Mill
Cottonmill Lane
St Albans
AL1 2HA
Page 1
Page 2
Balance Sheet
Registered number: 12122824
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 95,000 190,000
95,000 190,000
CURRENT ASSETS
Debtors 5 10,377 8,212
Cash at bank and in hand 21,256 57,731
31,633 65,943
Creditors: Amounts Falling Due Within One Year 6 (61,618 ) (364,091 )
NET CURRENT ASSETS (LIABILITIES) (29,985 ) (298,148 )
TOTAL ASSETS LESS CURRENT LIABILITIES 65,015 (108,148 )
Creditors: Amounts Falling Due After More Than One Year 7 (40,116 ) (44,800 )
NET ASSETS/(LIABILITIES) 24,899 (152,948 )
CAPITAL AND RESERVES
Called up share capital 200 200
Profit and Loss Account 24,699 (153,148 )
SHAREHOLDERS' FUNDS 24,899 (152,948)
Page 2
Page 3
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 director acknowledges his 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 Craig Norman
Director
31 October 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
Rouge Property Estates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12122824 . The registered office is 34-36 Lowlands Road, Harrow, HA1 3AT.

2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Going Concern Disclosure
At 31 October 2023, the balance sheet showed net current liabilities of £29,985 (2022 - £298,148) but net assets of £24,899 (2022 - net deficit of £152,948). The director has given an undertaking to financially support the company for at least 12 months from the date of signature on the balance sheet. The situation will be reviewed after this time. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services represents letting and management fees received. Turnover is recognised over the period of rental.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the amount paid in connection with the acquisition of the trade and assets of a business. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. Taxation
Taxation expense represents the sum of the tax currently payable and deferred tax.
Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing difference that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in the tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Provisions and accruals
Provisions are recognised when there is a present legal or constructive obligation as a result of past events and the amount can be reliably estimated. Provisions are not recognised for future operating losses.
Page 4
Page 5
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 475,000
As at 31 October 2023 475,000
Amortisation
As at 1 November 2022 285,000
Provided during the period 95,000
As at 31 October 2023 380,000
Net Book Value
As at 31 October 2023 95,000
As at 1 November 2022 190,000
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 6,241 3,740
Other debtors - 336
Rent deposit 4,136 4,136
10,377 8,212
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,895 -
Bank loans and overdrafts 7,185 5,833
Corporation tax 4,218 18,064
Other taxes and social security 2,095 2,829
VAT 12,266 23,272
Other creditors - 25
Pensions payable 402 614
Accruals and deferred income 1,116 1,674
Director's loan account 2,809 1,373
Amounts owed to group undertakings - 310,407
Amounts owed to associates 29,632 -
61,618 364,091
Page 5
Page 6
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 40,116 44,800
40,116 44,800
Page 6