Acorah Software Products - Accounts Production 16.2.800 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 08911822 Mr Timothy Ennett Mr Iain MacNaught iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08911822 2023-06-30 08911822 2024-06-30 08911822 2023-07-01 2024-06-30 08911822 frs-core:CurrentFinancialInstruments 2024-06-30 08911822 frs-core:ShareCapital 2024-06-30 08911822 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08911822 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08911822 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 08911822 frs-bus:SmallEntities 2023-07-01 2024-06-30 08911822 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08911822 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08911822 frs-bus:Director1 2023-07-01 2024-06-30 08911822 frs-bus:Director1 2023-06-30 08911822 frs-bus:Director1 2024-06-30 08911822 frs-bus:Director2 2023-07-01 2024-06-30 08911822 frs-bus:Director2 2023-06-30 08911822 frs-bus:Director2 2024-06-30 08911822 frs-countries:EnglandWales 2023-07-01 2024-06-30 08911822 2022-06-30 08911822 2023-06-30 08911822 2022-07-01 2023-06-30 08911822 frs-core:CurrentFinancialInstruments 2023-06-30 08911822 frs-core:ShareCapital 2023-06-30 08911822 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 08911822
Red Line Land North Dorset Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Passman Leonard Associates Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08911822
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 119,220 119,220
Debtors 5 332,334 334,948
Cash at bank and in hand - 125
451,554 454,293
Creditors: Amounts Falling Due Within One Year 6 (75,986 ) (73,763 )
NET CURRENT ASSETS (LIABILITIES) 375,568 380,530
TOTAL ASSETS LESS CURRENT LIABILITIES 375,568 380,530
NET ASSETS 375,568 380,530
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 375,468 380,430
SHAREHOLDERS' FUNDS 375,568 380,530
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 Iain MacNaught
Director
26 March 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Red Line Land North Dorset Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08911822 . The registered office is Bentinck House, Bentinck Road, West Drayton, Middlesex, UB7 7RQ.
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. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. 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.
2.4. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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:
2024 2023
Office and administration 2 2
2 2
4. Stocks
2024 2023
£ £
Work in progress 119,220 119,220
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 10,000 -
Corporation tax recoverable assets 43,037 43,037
Directors' loan accounts 121,813 124,440
Amounts owed by other connected companies 157,484 167,471
332,334 334,948
Included in amounts due from connected companies is an amount of £70,397 (2023 - £70,397) due from Parkcroft Developments (Old School) Ltd and £87,087 (2023 - £87,075) due from Red Line Land Estates Ltd. Both companies are incorporated and registered in the United Kingdom, in which Mr. I . MacNaught is a director and shareholder.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 15 -
Corporation tax 54,811 51,904
Other creditors 4,417 6,096
Accruals 960 1,440
Amounts owed to related parties 15,783 14,323
75,986 73,763
Included in amounts owed to related parties is an amount of £15,783 (2023 - £14,323) owed to Red Line Land Ltd a company incorporated and registered in the United Kingdom, in which Mr. I . MacNaught is a director and shareholder.
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Timothy Ennett 116,788 2,628 3,628 - 115,788
Mr Iain MacNaught 7,652 161 1,788 - 6,025
The above loan is unsecured and repayable on demand.
Page 3