Acorah Software Products - Accounts Production 16.2.800 false true 31 March 2023 1 October 2021 false 1 April 2023 31 March 2024 31 March 2024 NI655843 Mr W Drennan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI655843 2023-03-31 NI655843 2024-03-31 NI655843 2023-04-01 2024-03-31 NI655843 frs-core:OtherReservesSubtotal 2024-03-31 NI655843 frs-core:RevaluationReserve 2023-04-01 2024-03-31 NI655843 frs-core:RevaluationReserve 2023-03-31 NI655843 frs-core:RevaluationReserve 2024-03-31 NI655843 frs-core:ShareCapital 2024-03-31 NI655843 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI655843 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI655843 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 NI655843 frs-bus:SmallEntities 2023-04-01 2024-03-31 NI655843 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 NI655843 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI655843 frs-core:CostValuation 2023-03-31 NI655843 frs-core:DisposalsRepaymentsInvestments 2024-03-31 NI655843 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-03-31 NI655843 frs-core:CostValuation 2024-03-31 NI655843 frs-bus:Director1 2023-04-01 2024-03-31 NI655843 frs-countries:NorthernIreland 2023-04-01 2024-03-31 NI655843 2021-09-30 NI655843 2023-03-31 NI655843 2021-10-01 2023-03-31 NI655843 frs-core:OtherReservesSubtotal 2023-03-31 NI655843 frs-core:RevaluationReserve 2023-03-31 NI655843 frs-core:ShareCapital 2023-03-31 NI655843 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: NI655843
Red Spruce Company Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: NI655843
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 2,637,883 3,256,719
2,637,883 3,256,719
CURRENT ASSETS
Debtors 568,755 5
568,755 5
NET CURRENT ASSETS (LIABILITIES) 568,755 5
TOTAL ASSETS LESS CURRENT LIABILITIES 3,206,638 3,256,724
NET ASSETS 3,206,638 3,256,724
CAPITAL AND RESERVES
Called up share capital 5 5 5
Revaluation reserve 6 677,521 681,474
Other reserves 1,960,363 2,575,245
Profit and Loss Account 568,749 -
SHAREHOLDERS' FUNDS 3,206,638 3,256,724
Page 1
Page 2
For the year ending 31 March 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr W Drennan
Director
29/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Red Spruce Company Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI655843 . The registered office is 24 Lisgorgan Lane, Upperlands, Londonderry, BT46 5TE.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investments
Total
£
Cost
As at 1 April 2023 3,256,719
Disposals (788,975 )
Revaluations 170,139
As at 31 March 2024 2,637,883
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 2,637,883
As at 1 April 2023 3,256,719
5. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 5 5
Page 3
Page 4
6. Reserves
Revaluation Reserve
£
As at 1 April 2023 681,474
Surplus on revaluation 170,139
Transfer to profit and loss (174,092 )
As at 31 March 2024 677,521
Page 4