Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 01270808 Mr R Mortimore Mrs P Mortimore Ms L Mortimore Mrs R Bradshaw iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01270808 2024-01-31 01270808 2025-01-31 01270808 2024-02-01 2025-01-31 01270808 frs-core:CurrentFinancialInstruments 2025-01-31 01270808 frs-core:ComputerEquipment 2024-02-01 2025-01-31 01270808 frs-core:FurnitureFittings 2024-02-01 2025-01-31 01270808 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 01270808 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01270808 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 01270808 frs-core:MotorVehicles 2024-02-01 2025-01-31 01270808 frs-core:PlantMachinery 2025-01-31 01270808 frs-core:PlantMachinery 2024-02-01 2025-01-31 01270808 frs-core:PlantMachinery 2024-01-31 01270808 frs-core:RevaluationReserve 2024-01-31 01270808 frs-core:RevaluationReserve 2025-01-31 01270808 frs-core:ShareCapital 2025-01-31 01270808 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 01270808 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 01270808 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 01270808 frs-bus:SmallEntities 2024-02-01 2025-01-31 01270808 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 01270808 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 01270808 frs-bus:Director1 2024-02-01 2025-01-31 01270808 frs-bus:Director2 2024-02-01 2025-01-31 01270808 frs-bus:Director3 2024-02-01 2025-01-31 01270808 frs-bus:Director4 2024-02-01 2025-01-31 01270808 frs-countries:EnglandWales 2024-02-01 2025-01-31 01270808 2023-01-31 01270808 2024-01-31 01270808 2023-02-01 2024-01-31 01270808 frs-core:CurrentFinancialInstruments 2024-01-31 01270808 frs-core:RevaluationReserve 2024-01-31 01270808 frs-core:ShareCapital 2024-01-31 01270808 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 01270808
RPM Investments Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01270808
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,317,758 2,323,848
2,317,758 2,323,848
CURRENT ASSETS
Stocks 5 27,460 35,450
Debtors 6 86 3,292
Cash at bank and in hand 45,501 38,704
73,047 77,446
Creditors: Amounts Falling Due Within One Year 7 (238,683 ) (240,928 )
NET CURRENT ASSETS (LIABILITIES) (165,636 ) (163,482 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,152,122 2,160,366
NET ASSETS 2,152,122 2,160,366
CAPITAL AND RESERVES
Called up share capital 8 98,211 98,211
Revaluation reserve 9 1,801,220 1,801,220
Profit and Loss Account 252,691 260,935
SHAREHOLDERS' FUNDS 2,152,122 2,160,366
Page 1
Page 2
For the year ending 31 January 2025 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 R Mortimore
Director
26/02/2025
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
RPM Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01270808 . The registered office is South Wing Tilgate Forest Lodge, , Brighton Road, Pease Pottage, Crawley, West Sussex, RH11 9AF.
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. 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 Held at valuation
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 33% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
...CONTINUED
Page 3
Page 4
2.5. Financial Instruments - continued
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: )
- -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 February 2024 2,300,000 139,473 2,439,473
Additions - 550 550
Disposals - (13,950 ) (13,950 )
As at 31 January 2025 2,300,000 126,073 2,426,073
Depreciation
As at 1 February 2024 - 115,625 115,625
Provided during the period - 4,572 4,572
Disposals - (11,882 ) (11,882 )
As at 31 January 2025 - 108,315 108,315
Net Book Value
As at 31 January 2025 2,300,000 17,758 2,317,758
As at 1 February 2024 2,300,000 23,848 2,323,848
5. Stocks
2025 2024
£ £
Stock 27,460 35,450
Page 4
Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 1,988
Other debtors 86 1,304
86 3,292
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 240 240
Other creditors 239,858 240,688
Taxation and social security (1,415 ) -
238,683 240,928
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 98,211 98,211
9. Reserves
Revaluation Reserve
£
As at 1 February 2024 1,801,220
As at 31 January 2025 1,801,220
Page 5