Acorah Software Products - Accounts Production 16.3.350 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 SC261374 Mr Mark Smith Mrs Astrid Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC261374 2024-01-31 SC261374 2025-01-31 SC261374 2024-02-01 2025-01-31 SC261374 frs-core:ComputerEquipment 2024-02-01 2025-01-31 SC261374 frs-core:OtherReservesSubtotal 2025-01-31 SC261374 frs-core:ShareCapital 2025-01-31 SC261374 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 SC261374 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC261374 frs-bus:AbridgedAccounts 2024-02-01 2025-01-31 SC261374 frs-bus:SmallEntities 2024-02-01 2025-01-31 SC261374 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 SC261374 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 SC261374 frs-bus:Director1 2024-02-01 2025-01-31 SC261374 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 SC261374 1 2024-02-01 2025-01-31 SC261374 frs-countries:Scotland 2024-02-01 2025-01-31 SC261374 2023-01-31 SC261374 2024-01-31 SC261374 2023-02-01 2024-01-31 SC261374 frs-core:OtherReservesSubtotal 2024-01-31 SC261374 frs-core:ShareCapital 2024-01-31 SC261374 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC261374 1 2023-02-01 2024-01-31
Registered number: SC261374
Rowantree Resources Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: SC261374
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,126,786 1,126,870
1,126,786 1,126,870
CURRENT ASSETS
Debtors 3,449 5,298
Cash at bank and in hand 280,331 149,731
283,780 155,029
Creditors: Amounts Falling Due Within One Year (45,540 ) (19,684 )
NET CURRENT ASSETS (LIABILITIES) 238,240 135,345
TOTAL ASSETS LESS CURRENT LIABILITIES 1,365,026 1,262,215
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,723 ) (24,180 )
NET ASSETS 1,337,303 1,238,035
CAPITAL AND RESERVES
Called up share capital 5 10 10
Other reserves 116,560 116,560
Profit and Loss Account 1,220,733 1,121,465
SHAREHOLDERS' FUNDS 1,337,303 1,238,035
Page 1
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For the year ending 31 January 2025 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 January 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Mark Smith
Director
28 April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Rowantree Resources Limited is a private company, limited by shares, incorporated in Scotland, registered number SC261374 . The registered office is 47 Charleston Village, Forfar, DD8 1UG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost basis, as modified by the revaluaton of certain financial assets and liabilities and investment properties measured at fair value through profit or loss, and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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 1/3% reducing balance
2.4. 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.
2.5. 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 profit.
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2.6. Taxation
The taxation 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be reuired to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
2.9. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Average number of employees 2 2
2 2
4. Tangible Assets
Total
£
Cost or Valuation
As at 1 February 2024 1,131,907
As at 31 January 2025 1,131,907
Depreciation
As at 1 February 2024 5,037
Provided during the period 84
As at 31 January 2025 5,121
Net Book Value
As at 31 January 2025 1,126,786
As at 1 February 2024 1,126,870
Cost or valuation as at 31 January 2025 represented by:
Investment Properties Computer Equipment Total
£ £ £
At cost - 5,289 5,289
At valuation 1,126,618 - 1,126,618
1,126,618 5,289 1,131,907
Investment properties have been valued at 31 January 2025 on a fair value basis by the director based on their knowledge of the market. If all properties had been sold at fair value at the balance sheet date, corporation tax of £27,683 would have been payable. This amount has been provided for as deferred taxation.
5. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
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