2023-06-01 2024-05-31 2024-05-31 false true 10840516 2023-06-01 10840516 2024-05-31 10840516 2023-06-01 2024-05-31 10840516 2023-06-01 2024-05-31 10840516 bus:FullIFRS 2023-06-01 2024-05-31 10840516 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10840516 bus:FullAccounts 2023-06-01 2024-05-31 10840516 bus:Director1 bus:ExecutiveOfficer 2023-06-01 2024-05-31 10840516 bus:Director2 bus:ExecutiveOfficer 2023-06-01 2024-05-31 10840516 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10840516 countries:EnglandWales 2023-06-01 2024-05-31 10840516 countries:UnitedKingdom 2023-06-01 2024-05-31 10840516 currencies:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP 10840516 core:ShareCapitalOrdinaryShares 2024-05-31 10840516 core:CapitalContributionReserve 2024-05-31 10840516 core:RetainedEarningsAccumulatedLosses 2024-05-31 10840516 core:CapitalReserve 2024-05-31 10840516 core:UKTax 2023-06-01 2024-05-31 10840516 core:ShareCapitalOrdinaryShares 2023-06-01 10840516 core:CapitalContributionReserve 2023-06-01 10840516 core:RetainedEarningsAccumulatedLosses 2023-06-01 10840516 core:CapitalReserve 2023-06-01 10840516 core:ShareCapitalOrdinaryShares 2023-06-01 2024-05-31 10840516 core:CapitalContributionReserve 2023-06-01 2024-05-31 10840516 core:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 10840516 core:CapitalReserve 2023-06-01 2024-05-31 10840516 bus:AllOrdinaryShares 2024-05-31 10840516 bus:AllOrdinaryShares 2023-06-01 2024-05-31 xbrli:pure xbrli:shares 10840516 2022-06-01 10840516 2023-05-31 10840516 2022-06-01 2023-05-31 10840516 2022-06-01 2023-05-31 10840516 bus:FullIFRS 2022-06-01 2023-05-31 10840516 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 10840516 bus:FullAccounts 2022-06-01 2023-05-31 10840516 bus:Director1 bus:ExecutiveOfficer 2022-06-01 2023-05-31 10840516 bus:Director2 bus:ExecutiveOfficer 2022-06-01 2023-05-31 10840516 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10840516 countries:EnglandWales 2022-06-01 2023-05-31 10840516 countries:UnitedKingdom 2022-06-01 2023-05-31 10840516 currencies:PoundSterling 2022-06-01 2023-05-31 10840516 core:ShareCapitalOrdinaryShares 2023-05-31 10840516 core:CapitalContributionReserve 2023-05-31 10840516 core:RetainedEarningsAccumulatedLosses 2023-05-31 10840516 core:CapitalReserve 2023-05-31 10840516 core:UKTax 2022-06-01 2023-05-31 10840516 core:ShareCapitalOrdinaryShares 2022-06-01 10840516 core:CapitalContributionReserve 2022-06-01 10840516 core:RetainedEarningsAccumulatedLosses 2022-06-01 10840516 core:CapitalReserve 2022-06-01 10840516 core:ShareCapitalOrdinaryShares 2022-06-01 2023-05-31 10840516 core:CapitalContributionReserve 2022-06-01 2023-05-31 10840516 core:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 10840516 core:CapitalReserve 2022-06-01 2023-05-31 10840516 bus:AllOrdinaryShares 2023-05-31 10840516 bus:AllOrdinaryShares 2022-06-01 2023-05-31

Individual Company Annual Accounts & Reports

REALSCAPE SYSTEMS LTD

UNAUDITED FINANCIAL STATEMENTS

YEAR ENDING 31 MAY 2024

UK REGISTRATION AREA : England & Wales
COMPANY NUMBER : 10840516
COMPANY NAME : Realscape Systems Ltd
DATE OF INCORPORATION : 28 June 2017
COMPANY TYPE : Private, Limited By Shares
REGISTERED OFFICE ADDRESS : 9, Anderton Close, Whitchurch,
Tavistock, Devon, PL19 9RA
DIRECTORS : Alan R O'Neill
Hugh Pastoll
PRESENTATION CURRENCY : Pounds Sterling (GBP)
ROUNDING LEVEL : Pence

This document, and the pages and sections herein, form the company's seventh INDIVIDUAL COMPANY ACCOUNTS, and include the complete set of financial statements and notes required by UK Adopted International Accounting Standard UKIAS-1 paragraph 11. Specifically:

The company delivered this document to the UK Companies Act 2006 section 1060(1)(a) Registrar together with a section 415(1) DIRECTORS' REPORT in a separate document.

STATEMENT OF FINANCIAL POSITION

Note 2023/24
GBP
2022/23
GBP
ASSETS
Non Current
None 0.00 0.00
Total Non Current 0.00 0.00
Current
Cash and Cash Equivalents
Notes and Coins 2.00 2.00
Credit Bank Balance 307.86 485.25
Total Cash and Cash Equivalents 309.86 487.25
Promotional Credit 22. 0.00 0.00
Accrued Income 26. 0.00 0.00
Prepaid Expenses 27. 73.14 69.89
Total Current 383.00 557.14
Total ASSETS 383.00 557.14
LIABILITIES
Non Current
None 0.00 0.00
Total Non Current 0.00 0.00
Current
Accrued Expenses 28. 22.28 21.58
Promotional Creditors 22. 0.00 0.00
Total Current 22.28 21.58
Total LIABILITIES 22.28 21.58
EQUITY
Share Capital 43. 2.00 2.00
Owners' Capital 29. 10,600 9,400.00
Retained Earnings 29. (10,241.28) (8,866.44)
General Reserves 44. 0.00 0.00
Total EQUITY 29. 360.72 535.56
Total ASSETS minus Total LIABILITIES 360.72 535.56
Statutory Statements

The company is exempt from requirements relating to the audit of accounts for the reporting year by virtue of section 477 of the Companies Act 2006.

The company's members have not required the company to obtain an audit of its accounts for the reporting year in accordance with section 476 of the Companies Act 2006.

The company's directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These annual accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have taken advantage of the s415A Directors' report: small companies exemption relevant to s416(3) statements of recommended dividends, and sections 444 to 446 filing obligations.

These annual accounts have been approved by the board of directors.

Signed on behalf of the board by: Alan R O'Neill (Director)

Date: 8 February 2025

STATEMENT OF COMPREHENSIVE INCOME

Note 2023/24
GBP
2022/23
GBP
PROFIT or LOSS
Revenue 30. 0.00 0.00
Cost Of Sales 30. 0.00 0.00
Gross PROFIT 0.00 0.00
Other Operating Income 31. 0.00 0.00
Distribution Costs 31. 0.00 0.00
Administrative Expenses
Services
Accounting (365.11) (321.76)
Online Office (599.74) (535.57)
Internet Domains (51.43) (50.26)
Website 39. (111.33) (103.31)
Company 40. (13.00) (13.00)
Total Services (1,140.61) (1,023.90)
Travel
Accommodation 23. 0.00 0.00
Subsistence 24. 0.00 0.00
Transportation 25. 0.00 0.00
Total Travel 21. 0.00 0.00
Banking
Current Account Charges 33. (90.00) (90.00)
Total Banking (90.00) (90.00)
Total Administrative Expenses (1,280.61) (1,113.90)
Finance Costs 34. 0.00 0.00
Research and Development
Services
Laboratory 32. (144.23) (145.77)
Total Services (144.23) (145.77)
Total Research and Development 32. (144.73) (145.77)
Net PROFIT (Before Tax) (1,374.84) (1,259.67)
Tax Expense 36. 0.00 0.00
Total PROFIT or LOSS (1,374.84) (1,259.67)
OTHER Comprehensive INCOME
Items not to be reclassified to profit or loss
Banking Services
Current Account Interest 35. 0.00 0.00
Promotional Credits 22. 0.00 0.00
Total Items not to be reclassified to profit or loss 0.00 0.00
Total OTHER Comprehensive INCOME 0.00 0.00
Total COMPREHENSIVE INCOME (1,374.84) (1,259.67)

STATEMENT OF CHANGES IN EQUITY

Share
Capital
Owners'
Capital
Retained
Earnings
General
Reserves
Total
Equity
Note GBP GBP GBP GBP GBP
Balance at 1st June 2023 (Start Of Year 7) 41. 2.00 9,400.00 (8,866.44) 0.00 535.56
Changes In Accounting Policy 0.00 0.00 0.00 0.00 0.00
Balance at 1st June 2023 Restated 41. 2.00 9,400.00 (8,866.44) 0.00 535.56
Equity Changes for Year End 31 May 2024
Comprehensive Income for Period
Profit or Loss for Period (1,374.84) (1,374.84)
Other Comprehensive Income for Period
Banking Services
Current Account Interest 35. 0.00
Promotional Credits 22. 0.00
Total Other Comprehensive Income for Period 0.00 0.00
Total COMPREHENSIVE INCOME for Period (1,374.84) (1,374.84)
Issue Of Share Capital 43. 0.00 0.00
Capital Contributions From Owners 29. 1,200.00 1,200.00
Paid Dividends And Cash Distributions 42. 0.00 0.00
Reservations Of Capital 44. 0.00 0.00
Balance at 31 May 2024 29. 2.00 10,600.00 (10,241.28) 0.00 360.72

STATEMENT OF CASH FLOWS

Note 2023/24
GBP
2022/23
GBP
Cash Flows from OPERATING Activities
Comprehensive Income 37. (1,374.84) (1,259.67)
Adjustments For:
Accrued Income 26. 0.00 0.00
Prepaid Expenses 27. (3.25) (5.40)
Accrued Expenses 28. 0.70 4.39
Promotional Credit 22. 0.00 0.00
Promotional Creditors 22. 0.00 0.00
Current Bank Account Interest 38. 0.00 0.00
Total Adjustments (2.55) (1.01)
NET Cash from OPERATING Activities (1,377.39) (1,260.68)
Cash Flows from INVESTING Activities
Current Bank Account Interest 38. 0.00 0.00
NET Cash from INVESTING Activities 0.00 0.00
Cash Flows from FINANCING Activities
Issue Of Share Capital 43. 0.00 0.00
Capital Contributions From Owners 29. 1,200.00 400.00
Paid Dividends and Cash Distributions 42. 0.00 0.00
NET Cash from FINANCING Activities 1,200.00 400.00
Net Increase In Cash and Cash Equivalents (177.39) (860.68)
CASH and Cash EQUIVALENTS at START of Period 41. 487.25 1,347.93
CASH and Cash EQUIVALENTS at END of Period 309.86 487.25

NOTES TO FINANCIAL STATEMENTS

No. Narrative Reference
Accounting Entity
1. The Company is a Companies Act 2006 section 1 Company; Limited according to s3(1); By shares according to s3(2); And private by virtue of s4(1) ('Private Limited Company'). The company is not a s1162 parent or subsidiary undertaking. CA06: s397(1)(c)
2. The company's primary object is to produce systems that facilitate the development and running of businesses. This period, like the previous accounting period, is characterised as part of the company’s 'development stage', during which the company neither sold products nor carried stock. CA06: s386
3. The company qualifies as a 'Small Company' by virtue of s382, and the 'small companies regime' therefore applies by virtue of s381. CA06: s381
& s382
4. The company qualifies as a 'Micro Entity' by virtue of s384A, and the 'provisions' for micro entities therefore apply also. CA06: s384A
5. The company is an 'Unquoted' company by virtue of s385(3), and therefore subject to any related enactments. CA06: s385(3)
6. The average number of persons employed by the company during the accounting period is zero. (0) CA06: s411(1)
Accounting Period
7. The company's financial year end is 31st May as a result of amending the company's Accounting Reference Period under s392. This is the entity's seventh accounting period from 01 June 2023 to 31 May 2024 inclusive. CA06: s390
to s392
8. These accounts are the company's s394 Individual Accounts prepared for its 2023/24 (seventh) accounting period. CA06: s394
Accounting Standards
9. As permitted by s395, these accounts have been prepared in accordance with UK-adopted International accounting standards, referred to in s395(1)(b) as 'IAS Individual Accounts'. CA06: s397(2)
10. As permitted by s395, these accounts have been prepared in accordance with UK-adopted International accounting standards, referred to in s395(1)(b) as 'IAS Individual Accounts'. UKIAS-1: 16
11. The directors are satisfied that these annual accounts give a true and fair view of the assets, liabilities, financial position and profit or loss of the company in accordance with the s393 requirements to do so, and have had due regard for the provisions of the company's chosen accounting standard as it relates to the accounting items included. CA06: s393
Accounting Content
12. The directors rely on the disapplication of the s414A requirement to prepare a strategic report for the company because the company is entitled to the exemption specified in s414B. CA06: s414A
& s414B
13. The directors do not rely on the s415(1A) disapplication of the s415(1) duty to prepare a directors' report relating to a micro-entity. CA06: s415
14. The company has presented its analysis of expenses recognised in the statement of profit or loss using the 'function of expense' format since its expenses have predominantly been administrative during the accounting period. UKIAS-1: 99-105
15. There were no amounts relating to unrecognised proposed or declared dividends. UKIAS-1: 137
Accounting Policies
16. The financial statements included in these annual accounts have been prepared on a 'going concern' basis. UKIAS-1: 25
17. Excepting only cash flow information, the financial statements included in these annual accounts have been prepared using the 'accrual' basis of accounting. UKIAS-1: 27
18. The company measures assets on the basis of their 'historical cost'. UKIAS-1: 117(a)
19. The company's management have made materiality judgements for the purposes of aggregating or disaggregating accounting items presented in the financial statements. Regard has been given to the size and relative sizes of the individual and total amounts separately shown. Items that are mandatory to show separately have been shown separately. UKIAS-1: 122
20. The company's overwhelming source of capital is its owners' contributions. The company's policy and process towards this capital is to make it available for expenditure and treat any balances outstanding as general reserves. UKIAS-1: 134
& 135
21. Expenses shown as 'Administrative - Travel' include both those incurred by the company's directors in their capacity as company officers, and those incurred in respect of their research and development (R&D) activities.


The times, places and circumstances in which these expenses were incurred make disaggregation impracticable. Users should take 20% of these amounts to be a reasonable estimate of the expense incurred in respect of company officer activities and ascribe the balance to R&D.

UKIAS-1: 7
22. The company accounting policy is to show the takeup of free offers integrated into service contracts as 'promotional credit/creditors/credits' in its accounts. UKIAS-8: 14(b)
Accounting Items
23. No meetings in person were convened during the accounting period at all. Therefore, no accommodation expenses were incurred. UKIAS-1: 112
24. No meetings in person were convened during the accounting period at all. Therefore, no subsistence expenses were incurred. UKIAS-1: 112
25. No meetings in person were convened during the accounting period at all. Therefore, no transportation expenses were incurred. UKIAS-1: 112
26. Accrued income refers to current bank account interest (nil during this accounting period). UKIAS-1: 112
27. Prepaid expenses refers to accounting and domain name services, including leasing of internet domain names for up to a two year period. UKIAS-1: 112
28. Accrued expenses refers to online office, banking, computing and website services. UKIAS-1: 112
29. Owners' capital (GBP 1,200.00 this period and GBP 10,600 in total), is the aggregation of the owners' contributions made to the reporting date. The residual of the total amount (GBP 358.72), after funding negative comprehensive income (GBP 10,241.28), is carried to the start of the next accounting period together with the company's share capital (GBP 2.00). UKIAS-1: 112
30. The company received no revenue and acquired no inventory or stock during the accounting period. UKIAS-1: 112
31. The company received no other income that ought to be shown in the statement of Profit or Loss, and incurred no distribution costs during the accounting period. UKIAS-1: 112
32. The company uses the word 'laboratory' to mean a collection of computing resources used to gain new scientific and technical knowledge and understanding of business and business systems.


This is the fourth year in which the company recognises measurable research and development expenditure, which it does so in respect of internally generated intangible assets.


The expenditure is recognised as it has occurred and relates wholly to the 'research phase' of eventual asset development. No intangible assets arising from the research concerned is recognised in these accounts.

UKIAS-38: 8

UKIAS-38: 51

UKIAS-38: 54
& 55

UKIAS-1: 112
33. The company pays bank charges during the accounting period under its banking services contract. UKIAS-1: 112
34. The company incurred no finance costs during the accounting period. UKIAS-1: 112
35. No current account interest was paid to the company during this accounting period. UKIAS-1: 112
36. No tax expenses arise for the accounting period. UKIAS-1: 112
37. Amount carried from the Comprehensive Income statement is adjusted to actual cash amount using the 'indirect method'. UKIAS-1: 112
38. Adjustment enabling actual current account interest (if any) to be shown in the Cash from INVESTING Activities section of the cash flow statement. No current account interest was paid to the company during this accounting period. UKIAS-1: 112
39. The company paid for website services during the accounting period. UKIAS-1: 112
40. Company Services refers to payments to Companies House for filing. UKIAS-1: 112
41. This is the company's seventh accounting period. UKIAS-1: 112
42. No dividends (or distributions) have been paid or made in respect of the accounting period. UKIAS-1: 112
Accounting Analyses
43. Classes Of Share Capital (Ordinary)
Ordinary shares each having full and equal rights to voting, dividends and distributions.

No of shares authorised 2
No of shares issued and fully paid 2
Par value per share GBP 1
No of shares outstanding at period beginning 2
No of shares issued during period 0
No of shares outstanding at period end 2
Shares in the company held by the company 0
Shares reserved for issue under options and contracts 0
UKIAS-1: 79(a)
44. Equity Reserves
All decisions concerning reserves within equity were remitted to the start of the next accounting period.
UKIAS-1: 79(b)

Individual Company Annual Accounts & Reports

REALSCAPE SYSTEMS LTD

DIRECTORS' REPORT

YEAR ENDING 31 MAY 2024

UK REGISTRATION AREA : England & Wales
COMPANY NUMBER : 10840516
COMPANY NAME : Realscape Systems Ltd
DATE OF INCORPORATION : 28 June 2017
COMPANY TYPE : Private, Limited By Shares
REGISTERED OFFICE ADDRESS : 9, Anderton Close, Whitchurch,
Tavistock, Devon, PL19 9RA
DIRECTORS : Alan R O'Neill
Hugh Pastoll

This document is the company's seventh annual DIRECTORS' REPORT. The company delivered this document to the UK Companies Act 2006 section 1060(1)(a) Registrar, together with a complete set of section 394 INDIVIDUAL COMPANY ACCOUNTS in a separate document.


Contents

This report covers the following issues commensurate with the company's circumstances, size and early stage of development:


Directors

The company’s directors have remained the same since the previous annual accounts. The directors are also the company’s investors and shareholders.

Principal activities

The company's primary object is to produce systems that facilitate the development and running of businesses. This period, like the previous accounting period, is characterised as part of the company’s 'development stage', during which the company neither sold products nor carried stock.

The company’s principal activities for this reporting year have continued to be the setting up and operating of administrative facilities in ways that will enables the company to scale with minimal reorganisation and create prototype systems that will inform future products.

Research and development

The directors engaged in research and development activities and the reasonable expenses incurred during these activities were reimbursed. The directors expect that the products of these activities will be further developed into the company’s first significant assets.

This is the fourth reporting year in which ‘research and development’ expenditure is recognised in the company’s accounts in accordance with accounting standards UKIAS-38.

Principal risks and uncertainties

The principal risks and uncertainties arose, and will continue to arise, from the directors electing to undertake activities themselves in place of utilising professional services.

Going concern

The directors expect that the company will continue to operate as a going concern. The owners have considered the likely profile of expenditures occurring in the period ahead and are confident that they can make the contributions necessary to meet them.

Employment

The company has made no employment contracts of any kind.

Donations

In accordance with SI 409/08 schedule 5, the directors explicitly disclose that the company made no political or charitable donations of any kind.

Directors' liability

At the company's first directors' meeting on 3rd September 2017, a resolution was passed giving effect to Companies Act 2006 section 236(1) qualifying 'third party' and 'pension scheme' indemnity provisions.

Statutory Statements

The directors do not rely on the s415(2) disapplication of the s415(1) duty to prepare a directors' report relating to a micro-entity.

The directors take advantage of the s415A directors' report, small companies exemption relevant to s416(3) statements of recommended dividends, and sections 444 to 446 filing obligations.

The directors rely on the s418(1) disapplication of the s418(2) requirement to make statements and take steps concerning audit information.

These annual accounts have been approved by the board of directors.

Signed on behalf of the board by: Alan R O'Neill (Director)

Date: 8 February 2025