Acorah Software Products - Accounts Production 16.0.110 false true false 1 March 2023 29 February 2024 29 February 2024 12466143 Mr Rhys Downes Mrs Rosie Downes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12466143 2023-02-28 12466143 2024-02-29 12466143 2023-03-01 2024-02-29 12466143 frs-core:CurrentFinancialInstruments 2024-02-29 12466143 frs-core:Non-currentFinancialInstruments 2024-02-29 12466143 frs-core:ShareCapital 2024-02-29 12466143 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 12466143 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12466143 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 12466143 frs-bus:SmallEntities 2023-03-01 2024-02-29 12466143 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12466143 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12466143 frs-bus:Director1 2023-03-01 2024-02-29 12466143 frs-bus:Director2 2023-03-01 2024-02-29 12466143 frs-countries:EnglandWales 2023-03-01 2024-02-29
Registered number: 12466143
R&R Downes Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Llama Accounting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12466143
2024
Notes £ £
FIXED ASSETS
Investment Properties 4 280,000
280,000
CURRENT ASSETS
Cash at bank and in hand 7,163
7,163
Creditors: Amounts Falling Due Within One Year 5 (19,293 )
NET CURRENT ASSETS (LIABILITIES) (12,130 )
TOTAL ASSETS LESS CURRENT LIABILITIES 267,870
Creditors: Amounts Falling Due After More Than One Year 6 (268,447 )
NET LIABILITIES (577 )
CAPITAL AND RESERVES
Called up share capital 7 2
Profit and Loss Account (579 )
SHAREHOLDERS' FUNDS (577)
Page 1
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 Rhys Downes
Director
29/11/2024
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
R&R Downes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12466143 . The registered office is 29 Wyndham Street, Machen, Caerphilly, CF83 8PU.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL
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4. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 29 February 2024 280,000
5. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 9,912
Other creditors 9,381
19,293
6. Creditors: Amounts Falling Due After More Than One Year
2024
£
Bank loans 268,447
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7. Share Capital
2024
£
Allotted, Called up and fully paid 2
Page 4