Acorah Software Products - Accounts Production 16.1.300 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09984283 Mr R J Stone iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09984283 2023-02-28 09984283 2024-02-29 09984283 2023-03-01 2024-02-29 09984283 frs-core:CurrentFinancialInstruments 2024-02-29 09984283 frs-core:FurnitureFittings 2024-02-29 09984283 frs-core:FurnitureFittings 2023-03-01 2024-02-29 09984283 frs-core:FurnitureFittings 2023-02-28 09984283 frs-core:ShareCapital 2024-02-29 09984283 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09984283 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09984283 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09984283 frs-bus:SmallEntities 2023-03-01 2024-02-29 09984283 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09984283 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09984283 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-29 09984283 frs-bus:OrdinaryShareClass1 2024-02-29 09984283 frs-core:CostValuation 2023-02-28 09984283 frs-core:AdditionsToInvestments 2024-02-29 09984283 frs-core:CostValuation 2024-02-29 09984283 frs-core:ProvisionsForImpairmentInvestments 2023-02-28 09984283 frs-core:ProvisionsForImpairmentInvestments 2024-02-29 09984283 frs-bus:Director1 2023-03-01 2024-02-29 09984283 frs-bus:Director1 2023-02-28 09984283 frs-bus:Director1 2024-02-29 09984283 frs-countries:EnglandWales 2023-03-01 2024-02-29 09984283 2022-02-28 09984283 2023-02-28 09984283 2022-03-01 2023-02-28 09984283 frs-core:CurrentFinancialInstruments 2023-02-28 09984283 frs-core:ShareCapital 2023-02-28 09984283 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 09984283 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28
Registered number: 09984283
The Rascal Club Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09984283
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,273 -
Investment Properties 5 406,663 -
Investments 6 49 -
416,985 -
CURRENT ASSETS
Debtors 7 - 100
- 100
Creditors: Amounts Falling Due Within One Year 8 (1,401 ) -
NET CURRENT ASSETS (LIABILITIES) (1,401 ) 100
TOTAL ASSETS LESS CURRENT LIABILITIES 415,584 100
NET ASSETS 415,584 100
CAPITAL AND RESERVES
Called up share capital 9 149 100
Profit and Loss Account 415,435 -
SHAREHOLDERS' FUNDS 415,584 100
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 R J Stone
Director
11 February 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
The Rascal Club Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings 20% Straight Line
2.3. Investment Properties
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
2.4. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2.5. Investment in subsidiaries
Investments in subsidiaries are accounted for at cost less any accumulated impairment losses.  Dividend income from subsidiaries is recognised when the shareholder's right to receive payment has been establised and is shown as other income.
2.6. Preparation of consolidated financial statements
The financial statements contain information about The Rascal Club Limited as an individual company and do not contain consolidated financial information as the parent of a group.  The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 March 2023 -
Additions 12,841
As at 29 February 2024 12,841
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 March 2023 -
Provided during the period 2,568
As at 29 February 2024 2,568
Net Book Value
As at 29 February 2024 10,273
As at 1 March 2023 -
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 -
Additions 406,663
As at 29 February 2024 406,663
6. Investments
Subsidiaries
£
Cost
As at 1 March 2023 -
Additions 49
As at 29 February 2024 49
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 49
As at 1 March 2023 -
7. Debtors
2024 2023
£ £
Due within one year
Director's loan account - 100
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 750 -
Director's loan account 651 -
1,401 -
Page 4
Page 5
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
149 Ordinary Shares of £ 1.00 each 149 100
Shares issued during the period: £
49 Ordinary Shares of £ 1.00 each 49
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Richard Stone 100 - 100 - -
Page 5