Acorah Software Products - Accounts Production 15.0.650 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 10494779 Mr Neal Gohill Mrs Kamlesh Gohill Mr & Mrs Gohill 100 Ashby Road, Loughborough, England, LE11 3AF true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10494779 2023-02-28 10494779 2024-02-29 10494779 2023-03-01 2024-02-29 10494779 frs-core:CurrentFinancialInstruments 2024-02-29 10494779 frs-core:Non-currentFinancialInstruments 2024-02-29 10494779 frs-core:ComputerEquipment 2024-02-29 10494779 frs-core:ComputerEquipment 2023-03-01 2024-02-29 10494779 frs-core:ComputerEquipment 2023-02-28 10494779 frs-core:FurnitureFittings 2024-02-29 10494779 frs-core:FurnitureFittings 2023-03-01 2024-02-29 10494779 frs-core:FurnitureFittings 2023-02-28 10494779 frs-core:MotorVehicles 2024-02-29 10494779 frs-core:MotorVehicles 2023-03-01 2024-02-29 10494779 frs-core:MotorVehicles 2023-02-28 10494779 frs-core:ShareCapital 2024-02-29 10494779 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10494779 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10494779 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 10494779 frs-bus:SmallEntities 2023-03-01 2024-02-29 10494779 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10494779 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10494779 1 2023-03-01 2024-02-29 10494779 frs-bus:Director1 2023-03-01 2024-02-29 10494779 frs-bus:Director2 2023-03-01 2024-02-29 10494779 frs-countries:EnglandWales 2023-03-01 2024-02-29 10494779 2022-02-28 10494779 2023-02-28 10494779 2022-03-01 2023-02-28 10494779 frs-core:CurrentFinancialInstruments 2023-02-28 10494779 frs-core:Non-currentFinancialInstruments 2023-02-28 10494779 frs-core:ShareCapital 2023-02-28 10494779 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10494779
Ryan Hill Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10494779
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 46,549 53,784
Investment Properties 5 2,398,689 2,398,689
2,445,238 2,452,473
CURRENT ASSETS
Stocks 6 - 20,000
Debtors 7 119,230 2,201
Cash at bank and in hand 200,398 254,876
319,628 277,077
Creditors: Amounts Falling Due Within One Year 8 (1,172,091 ) (1,171,529 )
NET CURRENT ASSETS (LIABILITIES) (852,463 ) (894,452 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,592,775 1,558,021
Creditors: Amounts Falling Due After More Than One Year 9 (1,404,392 ) (1,396,181 )
NET ASSETS 188,383 161,840
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 188,283 161,740
SHAREHOLDERS' FUNDS 188,383 161,840
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Page 2
For the year ending 29 February 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 Neal Gohill
Director
25 November 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
Ryan Hill Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10494779 . The registered office is 100 Ashby Road, Loughborough, LE11 3AF.
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:
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 33% on cost
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 profit and loss account.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 38,118 62,438 9,459 110,015
Additions - 4,915 1,692 6,607
As at 29 February 2024 38,118 67,353 11,151 116,622
Depreciation
As at 1 March 2023 14,314 34,496 7,421 56,231
Provided during the period 5,951 6,013 1,878 13,842
As at 29 February 2024 20,265 40,509 9,299 70,073
Net Book Value
As at 29 February 2024 17,853 26,844 1,852 46,549
As at 1 March 2023 23,804 27,942 2,038 53,784
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 29 February 2024 2,398,689
6. Stocks
2024 2023
£ £
Work in progress - 20,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,118 1,751
Other debtors 117,112 450
119,230 2,201
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 111,076 124,946
Bank loans and overdrafts 13,801 5,967
Other creditors 1,046,675 1,038,793
Taxation and social security 539 1,823
1,172,091 1,171,529
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,404,392 45,970
Other creditors - 1,350,211
1,404,392 1,396,181
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
During the year Ryan Hill Ltd entered into transactions on arms's length basis with Spur and West Limited for which Neal and Kamlesh Gohill are directors. 
The trade creditor balance contains transcations with Spur and West Limited of £87,822 (2023 - £136,502).
12. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Gohill Holdings Limited . Gohill Holdings Limited was incorporated in England & Wales. The ultimate controlling party is Mr & Mrs Gohill .
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