Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 03179848 Mr Steven Adkins Ms Sophia Stutter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03179848 2023-07-31 03179848 2024-07-31 03179848 2023-08-01 2024-07-31 03179848 frs-core:CurrentFinancialInstruments 2024-07-31 03179848 frs-core:Non-currentFinancialInstruments 2024-07-31 03179848 frs-core:ComputerEquipment 2024-07-31 03179848 frs-core:ComputerEquipment 2023-08-01 2024-07-31 03179848 frs-core:ComputerEquipment 2023-07-31 03179848 frs-core:RevaluationReserve 2023-07-31 03179848 frs-core:RevaluationReserve 2024-07-31 03179848 frs-core:ShareCapital 2024-07-31 03179848 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 03179848 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03179848 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 03179848 frs-bus:SmallEntities 2023-08-01 2024-07-31 03179848 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03179848 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03179848 frs-bus:Director1 2023-08-01 2024-07-31 03179848 frs-bus:Director2 2023-08-01 2024-07-31 03179848 frs-countries:EnglandWales 2023-08-01 2024-07-31 03179848 2022-07-31 03179848 2023-07-31 03179848 2022-08-01 2023-07-31 03179848 frs-core:CurrentFinancialInstruments 2023-07-31 03179848 frs-core:Non-currentFinancialInstruments 2023-07-31 03179848 frs-core:RevaluationReserve 2023-07-31 03179848 frs-core:ShareCapital 2023-07-31 03179848 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 03179848
ROWERANGE LIMITED
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03179848
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 967 -
Investment Properties 5 1,200,000 1,200,000
1,200,967 1,200,000
CURRENT ASSETS
Debtors 6 32,000 32,000
Cash at bank and in hand 50,561 39,991
82,561 71,991
Creditors: Amounts Falling Due Within One Year 7 (35,740 ) (39,411 )
NET CURRENT ASSETS (LIABILITIES) 46,821 32,580
TOTAL ASSETS LESS CURRENT LIABILITIES 1,247,788 1,232,580
Creditors: Amounts Falling Due After More Than One Year 8 (6,667 ) (10,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (158,322 ) (158,322 )
NET ASSETS 1,082,799 1,064,258
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 474,967 474,967
Profit and Loss Account 607,732 589,191
SHAREHOLDERS' FUNDS 1,082,799 1,064,258
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For the year ending 31 July 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.
The financial statements were approved by the board of directors on 28 April 2025 and were signed on its behalf by:
Mr Steven Adkins
Director
28/04/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
ROWERANGE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03179848 . The registered office is Unit 7, Vulcan House, Restmor Way, Hackbridge, Surrey, SM6 7AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting 
Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies 
Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of 
section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true 
and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary 
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the 
revaluation of freehold properties and to include investment properties and certain financial instruments at fair 
value]. The principal accounting policies adopted are set out below.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20% Straight line
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.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as 
reported in the profit and loss account because it excludes items of income or expense that are taxable or 
deductible in other years and it further excludes 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 
reporting end date
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are 
recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax 
liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference 
arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects 
neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability 
is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except 
when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with 
in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to 
offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the 
same tax authority.
2.5. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with 
banks, other short-term liquid investments with original maturities of three months or less, and bank 
overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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2.6. Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. 
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion 
of the company.
2.7. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs 
are required to be recognised as part of the cost of stock or fixed assets.  
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are 
received.
Termination benefits are recognised immediately as an expense when the company is demonstrably 
committed to terminate the employment of an employee or to provide termination benefits
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 -
Additions 1,000
As at 31 July 2024 1,000
Depreciation
As at 1 August 2023 -
Provided during the period 33
As at 31 July 2024 33
Net Book Value
As at 31 July 2024 967
As at 1 August 2023 -
5. Investment Property
2024
£
Fair Value
As at 1 August 2023 and 31 July 2024 1,200,000
Investment property comprises freehold land. The fair value of the investment property has been arrived at on the basis of a valuation carried out at the year end by S Adkins, a director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 32,000 32,000
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 4,468
Corporation tax 17,338 15,786
Accruals and deferred income 18,402 19,157
35,740 39,411
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 6,667 10,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Revaluation Reserve
£
As at 1 August 2023 474,967
As at 31 July 2024 474,967
11. Related Party Transactions
At the year end the company owed Goodwin Associates Limited £32,000 (2022: £32,000) a company in which 
S Adkins has a majority shareholding. No interest was charged on this amount.
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