Acorah Software Products - Accounts Production 16.2.800 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04905100 Ms Valerie Vauthier Ms Valerie Vauthier iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04905100 2023-12-31 04905100 2024-12-31 04905100 2024-01-01 2024-12-31 04905100 frs-core:CurrentFinancialInstruments 2024-12-31 04905100 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04905100 frs-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 04905100 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04905100 frs-bus:SmallEntities 2024-01-01 2024-12-31 04905100 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04905100 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04905100 frs-bus:Director1 2024-01-01 2024-12-31 04905100 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 04905100 frs-countries:EnglandWales 2024-01-01 2024-12-31 04905100 2022-12-31 04905100 2023-12-31 04905100 2023-01-01 2023-12-31 04905100 frs-core:CurrentFinancialInstruments 2023-12-31 04905100 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04905100
Resource Extraction Monitoring Organisation
Unaudited Financial Statements
For The Year Ended 31 December 2024
Watermill Accounting Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 04905100
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 579 -
Cash at bank and in hand 40,411 32,853
40,990 32,853
Creditors: Amounts Falling Due Within One Year 5 (25,642 ) (13,471 )
NET CURRENT ASSETS (LIABILITIES) 15,348 19,382
TOTAL ASSETS LESS CURRENT LIABILITIES 15,348 19,382
NET ASSETS 15,348 19,382
Income and Expenditure Account 15,348 19,382
MEMBERS' FUNDS 15,348 19,382
For the year ending 31 December 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 her 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 Income and Expenditure Account.
On behalf of the board
Ms Valerie Vauthier
Director
25/04/2025
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
Resource Extraction Monitoring Organisation is a private company, limited by guarantee, incorporated in England & Wales, registered number 04905100 . The registered office is 23 Albert Street, Cambridge, CB4 3BE.
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.
In common with similar organisation, REM relies on a small number of current contracts for operating income. Due to the operating policies of the funders, these are rarely agreed more than one year in advance. However, the company has a good record of successfully obtaining new contract work and the Directors are confident that sufficient contracts will be obtained to justify preparation of the accounts on a going concern basis. 
2.2. Turnover
Income
Income is recognised as amounts are invoiced and due, including amounts received under grant funding from NGOs, Foundations and International Finance Institutions.
Grants
Government Grants are recognised when the grant has been received and is recognised as income over the necessary to match them with related costs, for which they are intended to compensate. The income of the organisation comes from government grants, private companies, foundations and NGOs.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.
2.4. Reserves
Reserves are intended, amongst other, for:
- Closure costs including redundancy and other legal charges
- Legal advice/protection
- Cashflow support
- Unforeseen emergencies
- Fluctuation in income
- Late payment by funders
- 3 months operating costs
- Project development and implementation
REM has put aside a reserve of £15,348 to cover these possible expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 579 -
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,230 -
Other taxes and social security 751 1,277
Accruals and deferred income 21,661 12,194
25,642 13,471
Page 2
Page 3
6. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3