Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 20 June 2022 false 1 July 2023 30 June 2024 30 June 2024 14181810 Mr Richard Stevenson Ms Elizabeth Stevenson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14181810 2023-06-30 14181810 2024-06-30 14181810 2023-07-01 2024-06-30 14181810 frs-core:CurrentFinancialInstruments 2024-06-30 14181810 frs-core:Non-currentFinancialInstruments 2024-06-30 14181810 frs-core:ShareCapital 2024-06-30 14181810 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14181810 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14181810 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 14181810 frs-bus:SmallEntities 2023-07-01 2024-06-30 14181810 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14181810 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 14181810 frs-bus:Director1 2023-07-01 2024-06-30 14181810 frs-bus:Director2 2023-07-01 2024-06-30 14181810 frs-countries:EnglandWales 2023-07-01 2024-06-30 14181810 2022-06-19 14181810 2023-06-30 14181810 2022-06-20 2023-06-30 14181810 frs-core:CurrentFinancialInstruments 2023-06-30 14181810 frs-core:Non-currentFinancialInstruments 2023-06-30 14181810 frs-core:ShareCapital 2023-06-30 14181810 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 14181810
Rocket Homes Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14181810
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 710,571 710,571
710,571 710,571
CURRENT ASSETS
Cash at bank and in hand 65,837 56,931
65,837 56,931
Creditors: Amounts Falling Due Within One Year 5 (278,577 ) (279,169 )
NET CURRENT ASSETS (LIABILITIES) (212,740 ) (222,238 )
TOTAL ASSETS LESS CURRENT LIABILITIES 497,831 488,333
Creditors: Amounts Falling Due After More Than One Year 6 (499,020 ) (499,020 )
NET LIABILITIES (1,189 ) (10,687 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (1,289 ) (10,787 )
SHAREHOLDERS' FUNDS (1,189) (10,687)
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For the year ending 30 June 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 Richard Stevenson
Director
14 March 2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Rocket Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14181810 . The registered office is 8a Westminster Road, Poole, Dorset, BH13 6JW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is represented by revenue earned from the rental of investment property. 
2.3. Investment Properties
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in fair value of investment properties are included in profit and loss in the period in which they arise.
2.4. Financial Instruments
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially measured at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Investment Property
30 June 2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 710,571
The investment property has been revalued at the market value by the directors on 30 June 2024. The historical cost of the investment property is £710,571. 
5. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Trade creditors 71 -
Accruals and deferred income 2,740 2,403
Directors' loan accounts 275,766 276,766
278,577 279,169
6. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 30 June 2023
£ £
Bank loans 499,020 499,020
7. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured against the investment property:
30 June 2024 30 June 2023
£ £
Bank loans and overdrafts 499,020 499,020
8. Share Capital
30 June 2024 30 June 2023
£ £
Allotted, Called up and fully paid 100 100
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