Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC691587 Mr Brian Reid Mrs Kathleen Reid Mr Andrew Reid Ms Jennifer Reid true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC691587 2023-03-31 SC691587 2024-03-31 SC691587 2023-04-01 2024-03-31 SC691587 frs-core:CurrentFinancialInstruments 2024-03-31 SC691587 frs-core:ComputerEquipment 2024-03-31 SC691587 frs-core:ComputerEquipment 2023-04-01 2024-03-31 SC691587 frs-core:ComputerEquipment 2023-03-31 SC691587 frs-core:FurnitureFittings 2024-03-31 SC691587 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC691587 frs-core:FurnitureFittings 2023-03-31 SC691587 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 SC691587 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-01 2024-03-31 SC691587 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 SC691587 frs-core:MotorVehicles 2024-03-31 SC691587 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC691587 frs-core:MotorVehicles 2023-03-31 SC691587 frs-core:ShareCapital 2024-03-31 SC691587 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC691587 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC691587 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC691587 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC691587 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC691587 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC691587 1 2023-04-01 2024-03-31 SC691587 frs-bus:Director1 2023-04-01 2024-03-31 SC691587 frs-bus:Director2 2023-04-01 2024-03-31 SC691587 frs-bus:Director3 2023-04-01 2024-03-31 SC691587 frs-bus:Director4 2023-04-01 2024-03-31 SC691587 frs-countries:Scotland 2023-04-01 2024-03-31 SC691587 2022-03-31 SC691587 2023-03-31 SC691587 2022-04-01 2023-03-31 SC691587 frs-core:CurrentFinancialInstruments 2023-03-31 SC691587 frs-core:ShareCapital 2023-03-31 SC691587 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC691587
Rivercroft Property Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC691587
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,013,392 622,182
1,013,392 622,182
CURRENT ASSETS
Debtors 5 1,573 -
Cash at bank and in hand 14,759 21,057
16,332 21,057
Creditors: Amounts Falling Due Within One Year 6 (1,180,988 ) (708,205 )
NET CURRENT ASSETS (LIABILITIES) (1,164,656 ) (687,148 )
TOTAL ASSETS LESS CURRENT LIABILITIES (151,264 ) (64,966 )
NET LIABILITIES (151,264 ) (64,966 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (151,364 ) (65,066 )
SHAREHOLDERS' FUNDS (151,264) (64,966)
Page 1
Page 2
For the year ending 31 March 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 Brian Reid
Director
26/11/2024
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
Rivercroft Property Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC691587 . The registered office is 272 Bath Street, Glasgow, G2 4JR.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 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.
2.4. 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 20% Reducing balance basis
Fixtures & Fittings 20% Reducing Balance basis
Computer Equipment 25% straight line basis
2.5. 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: 4 (2023: 2)
4 2
4. Tangible Assets
Investment Properties Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 621,316 - - 1,266 622,582
Additions 344,075 42,799 5,369 - 392,243
As at 31 March 2024 965,391 42,799 5,369 1,266 1,014,825
...CONTINUED
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Page 4
Depreciation
As at 1 April 2023 - - - 400 400
Provided during the period - - 716 317 1,033
As at 31 March 2024 - - 716 717 1,433
Net Book Value
As at 31 March 2024 965,391 42,799 4,653 549 1,013,392
As at 1 April 2023 621,316 - - 866 622,182
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,573 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Directors' loan accounts 1,180,988 708,205
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Ultimate Controlling Party
Due to the nature of the shareholding, there is no ultimate controlling party.
Page 4