Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 10422781 Miss Rosalind Brown Miss Rosie Brown true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10422781 2023-10-31 10422781 2024-10-31 10422781 2023-11-01 2024-10-31 10422781 frs-core:CurrentFinancialInstruments 2024-10-31 10422781 frs-core:ComputerEquipment 2024-10-31 10422781 frs-core:ComputerEquipment 2023-11-01 2024-10-31 10422781 frs-core:ComputerEquipment 2023-10-31 10422781 frs-core:ShareCapital 2024-10-31 10422781 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 10422781 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10422781 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 10422781 frs-bus:SmallEntities 2023-11-01 2024-10-31 10422781 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10422781 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 10422781 1 2023-11-01 2024-10-31 10422781 frs-bus:Director1 2023-11-01 2024-10-31 10422781 frs-countries:EnglandWales 2023-11-01 2024-10-31 10422781 2022-10-31 10422781 2023-10-31 10422781 2022-11-01 2023-10-31 10422781 frs-core:CurrentFinancialInstruments 2023-10-31 10422781 frs-core:ShareCapital 2023-10-31 10422781 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 10422781
RB Lettings & Property Management Ltd
Financial Statements
For The Year Ended 31 October 2024
AJM Accountancy & Taxation Ltd
21 Goldings Close
Kings Hill
Kent
ME19 4BE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10422781
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 991 1,762
991 1,762
CURRENT ASSETS
Debtors 5 25,964 1,226
Cash at bank and in hand 40,207 49,076
66,171 50,302
Creditors: Amounts Falling Due Within One Year 6 (32,511 ) (27,365 )
NET CURRENT ASSETS (LIABILITIES) 33,660 22,937
TOTAL ASSETS LESS CURRENT LIABILITIES 34,651 24,699
NET ASSETS 34,651 24,699
CAPITAL AND RESERVES
Called up share capital 7 11 11
Profit and Loss Account 34,640 24,688
SHAREHOLDERS' FUNDS 34,651 24,699
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For the year ending 31 October 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 Profit and Loss Account.
On behalf of the board
Miss Rosalind Brown
Director
28 February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
RB Lettings & Property Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10422781 . The registered office is 36 Chestnut Close, Kings Hill, West Malling, Kent, ME19 4FP.
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 rendering of services.
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. 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 33.3% on straight-line basis
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 4,531
Additions 400
As at 31 October 2024 4,931
Depreciation
As at 1 November 2023 2,769
Provided during the period 1,171
As at 31 October 2024 3,940
Net Book Value
As at 31 October 2024 991
As at 1 November 2023 1,762
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,805 1,226
Prepayments and accrued income 18,159 -
25,964 1,226
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,273 9,207
Corporation tax 10,021 7,229
VAT 10,080 8,245
Other creditors 3,584 1,609
Accruals and deferred income 1,058 1,058
Director's loan account 495 17
32,511 27,365
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 11 11
8. Directors Advances, Credits and Guarantees
Dividends paid to directors amounted to £29,258 (2023: £16,000).
9. Ultimate Controlling Party
The company's ultimate controlling party is Miss Rosie Brown by virtue of her ownership of 100% of the issued share capital in the company.
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