Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 02876914 F R Pardhan Z Hirji M Lakha iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02876914 2023-04-30 02876914 2024-04-30 02876914 2023-05-01 2024-04-30 02876914 frs-core:CurrentFinancialInstruments 2024-04-30 02876914 frs-core:Non-currentFinancialInstruments 2024-04-30 02876914 frs-core:ComputerEquipment 2024-04-30 02876914 frs-core:ComputerEquipment 2023-05-01 2024-04-30 02876914 frs-core:ComputerEquipment 2023-04-30 02876914 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 02876914 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02876914 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 02876914 frs-core:CapitalRedemptionReserve 2024-04-30 02876914 frs-core:ShareCapital 2024-04-30 02876914 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 02876914 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02876914 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 02876914 frs-bus:SmallEntities 2023-05-01 2024-04-30 02876914 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02876914 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02876914 frs-bus:OrdinaryShareClass1 2023-05-01 2024-04-30 02876914 frs-bus:OrdinaryShareClass1 2024-04-30 02876914 frs-core:UnlistedNon-exchangeTraded 2024-04-30 02876914 frs-core:UnlistedNon-exchangeTraded 2023-04-30 02876914 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-04-30 02876914 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-04-30 02876914 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-04-30 02876914 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 02876914 frs-bus:Director1 2023-05-01 2024-04-30 02876914 frs-bus:Director1 2023-04-30 02876914 frs-bus:Director1 2024-04-30 02876914 frs-bus:Director2 2023-05-01 2024-04-30 02876914 frs-bus:Director3 2023-05-01 2024-04-30 02876914 frs-core:CurrentFinancialInstruments 1 2024-04-30 02876914 frs-countries:EnglandWales 2023-05-01 2024-04-30 02876914 2022-04-30 02876914 2023-04-30 02876914 2022-05-01 2023-04-30 02876914 frs-core:CurrentFinancialInstruments 2023-04-30 02876914 frs-core:Non-currentFinancialInstruments 2023-04-30 02876914 frs-core:CapitalRedemptionReserve 2023-04-30 02876914 frs-core:ShareCapital 2023-04-30 02876914 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 02876914 frs-bus:OrdinaryShareClass1 2022-05-01 2023-04-30 02876914 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 02876914
Riverside Nursing Home Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02876914
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 423,449 368,398
Investments 5 1 1
423,450 368,399
CURRENT ASSETS
Debtors 6 1,661,505 1,863,990
Cash at bank and in hand 4,570,874 4,179,469
6,232,379 6,043,459
Creditors: Amounts Falling Due Within One Year 7 (65,485 ) (17,376 )
NET CURRENT ASSETS (LIABILITIES) 6,166,894 6,026,083
TOTAL ASSETS LESS CURRENT LIABILITIES 6,590,344 6,394,482
NET ASSETS 6,590,344 6,394,482
CAPITAL AND RESERVES
Called up share capital 8 2 2
Capital redemption reserve 130,998 130,998
Profit and Loss Account 6,459,344 6,263,482
SHAREHOLDERS' FUNDS 6,590,344 6,394,482
Page 1
Page 2
For the year ending 30 April 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
F R Pardhan
Director
24/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Riverside Nursing Home Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02876914 . The registered office is 6 William Burt Close, Weston Turville, Aylesbury, Buckinghamshire, HP22 5QX.
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. 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:
Freehold 1% on cost
Computer Equipment 20% on cost
2.3. 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.
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.4. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective
interest method, less impairment losses for bad and doubtful debts.
2.5. Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the
effective interest method.
2.6. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not
more than 24 hours.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 423,449 648 424,097
As at 30 April 2024 423,449 648 424,097
Depreciation
As at 1 May 2023 55,051 648 55,699
Provided during the period (55,051 ) - (55,051 )
As at 30 April 2024 - 648 648
Net Book Value
As at 30 April 2024 423,449 - 423,449
As at 1 May 2023 368,398 - 368,398
5. Investments
Unlisted
£
Cost
As at 1 May 2023 1
As at 30 April 2024 1
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 1
As at 1 May 2023 1
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 739,505 739,505
Directors' loan accounts - 2,485
739,505 741,990
Due after more than one year
Other debtors 922,000 1,122,000
1,661,505 1,863,990
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,836 7,816
Corporation tax 46,333 47
VAT 133 167
Other creditors 3,686 1,686
Rent deposit 5,000 5,000
Accruals and deferred income 2,195 2,660
Directors' loan accounts 302 -
65,485 17,376
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 2.00 each 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Farhad Pardhan 2,485 - 2,787 - 302
The above loan is unsecured, interest free and repayable on demand.
Page 5