Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 02360983 Mr Dev RADIA iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02360983 2023-06-30 02360983 2024-06-30 02360983 2023-07-01 2024-06-30 02360983 frs-core:CurrentFinancialInstruments 2024-06-30 02360983 frs-core:Non-currentFinancialInstruments 2024-06-30 02360983 frs-core:RevaluationReserve 2023-06-30 02360983 frs-core:RevaluationReserve 2024-06-30 02360983 frs-core:ShareCapital 2024-06-30 02360983 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 02360983 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02360983 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 02360983 frs-bus:SmallEntities 2023-07-01 2024-06-30 02360983 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02360983 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 02360983 frs-core:ListedExchangeTraded 2024-06-30 02360983 frs-core:ListedExchangeTraded 2023-06-30 02360983 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-06-30 02360983 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-06-30 02360983 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-06-30 02360983 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-06-30 02360983 frs-bus:Director1 2023-07-01 2024-06-30 02360983 frs-bus:Director1 2023-06-30 02360983 frs-bus:Director1 2024-06-30 02360983 frs-countries:EnglandWales 2023-07-01 2024-06-30 02360983 2022-06-30 02360983 2023-06-30 02360983 2022-07-01 2023-06-30 02360983 frs-core:CurrentFinancialInstruments 2023-06-30 02360983 frs-core:Non-currentFinancialInstruments 2023-06-30 02360983 frs-core:RevaluationReserve 2023-06-30 02360983 frs-core:ShareCapital 2023-06-30 02360983 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 02360983
Raylute Limited
Financial Statements
For The Year Ended 30 June 2024
Cooper Young & Partners Ltd
Chartered Accountants
Hunter House
109 Snakes Lane West
Woodford Green
Essex
IG8 0DY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02360983
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 3,508,488 3,508,488
Investments 5 995,000 995,000
4,503,488 4,503,488
CURRENT ASSETS
Debtors 6 1,073,104 613,097
Cash at bank and in hand 120,806 41,146
1,193,910 654,243
Creditors: Amounts Falling Due Within One Year 7 (2,894,368 ) (2,904,168 )
NET CURRENT ASSETS (LIABILITIES) (1,700,458 ) (2,249,925 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,803,030 2,253,563
Creditors: Amounts Falling Due After More Than One Year 8 (1,684,349 ) (1,100,000 )
NET ASSETS 1,118,681 1,153,563
CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 11 1,044,150 1,044,150
Profit and Loss Account 74,529 109,411
SHAREHOLDERS' FUNDS 1,118,681 1,153,563
Page 1
Page 2
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 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 Dev RADIA
Director
28 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Raylute Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02360983 . The registered office is C/O Lismoyne Hotel, 45 Church Road, Fleet, Hampshire, GU51 4NE.
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.
Rental Income
Rental income from operating leases (net of any incentives given to the lesees) is recognised on a straight-line basis over the lease term.
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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 3,508,488
5. Investments
Listed
£
Cost
As at 1 July 2023 995,000
As at 30 June 2024 995,000
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 995,000
As at 1 July 2023 995,000
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 15,473 11,592
Director's loan account 209,710 -
Amounts owed by related parties 847,921 601,505
1,073,104 613,097
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,407 10,164
VAT 8,845 7,202
Other creditors 31,007 28,050
Accruals and deferred income 34,509 34,509
Director's loan account - 290
Amounts owed to related parties 2,817,600 2,823,953
2,894,368 2,904,168
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,684,349 1,100,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
Dev Radia £209,710
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Dev RADIA - 209,710 - - 209,710
The above loan is unsecured, interest free and repayable on demand.
11. Reserves
Revaluation Reserve
£
As at 1 July 2023 1,044,150
As at 30 June 2024 1,044,150
Page 4