Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09184877 Miss Wendy Clarke Mr Richard Linden TRGC Group Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09184877 2023-08-31 09184877 2024-08-31 09184877 2023-09-01 2024-08-31 09184877 frs-core:CurrentFinancialInstruments 2024-08-31 09184877 frs-core:Non-currentFinancialInstruments 2024-08-31 09184877 frs-core:BetweenOneFiveYears 2024-08-31 09184877 frs-core:ComputerEquipment 2024-08-31 09184877 frs-core:ComputerEquipment 2023-09-01 2024-08-31 09184877 frs-core:ComputerEquipment 2023-08-31 09184877 frs-core:MotorVehicles 2024-08-31 09184877 frs-core:MotorVehicles 2023-09-01 2024-08-31 09184877 frs-core:MotorVehicles 2023-08-31 09184877 frs-core:ShareCapital 2024-08-31 09184877 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09184877 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09184877 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09184877 frs-bus:SmallEntities 2023-09-01 2024-08-31 09184877 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09184877 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09184877 1 2023-09-01 2024-08-31 09184877 frs-bus:Director1 2023-09-01 2024-08-31 09184877 frs-bus:Director2 2023-09-01 2024-08-31 09184877 frs-core:CurrentFinancialInstruments 1 2024-08-31 09184877 frs-core:CurrentFinancialInstruments 2 2024-08-31 09184877 frs-countries:EnglandWales 2023-09-01 2024-08-31 09184877 2022-08-31 09184877 2023-08-31 09184877 2022-09-01 2023-08-31 09184877 frs-core:CurrentFinancialInstruments 2023-08-31 09184877 frs-core:Non-currentFinancialInstruments 2023-08-31 09184877 frs-core:BetweenOneFiveYears 2023-08-31 09184877 frs-core:ShareCapital 2023-08-31 09184877 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 09184877 frs-core:CurrentFinancialInstruments 1 2023-08-31 09184877 frs-core:CurrentFinancialInstruments 2 2023-08-31 09184877 frs-core:CurrentFinancialInstruments 3 2023-08-31
Registered number: 09184877
The Rent Guarantee Company Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 09184877
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 46,267 15,830
46,267 15,830
CURRENT ASSETS
Debtors 5 888,190 1,178,700
Cash at bank and in hand 238,514 1,009,472
1,126,704 2,188,172
Creditors: Amounts Falling Due Within One Year 6 1,187,311 (555,753 )
NET CURRENT ASSETS (LIABILITIES) 2,314,015 1,632,419
TOTAL ASSETS LESS CURRENT LIABILITIES 2,360,282 1,648,249
Creditors: Amounts Falling Due After More Than One Year 7 (68,444 ) (27,500 )
NET ASSETS 2,291,838 1,620,749
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 2,291,738 1,620,649
SHAREHOLDERS' FUNDS 2,291,838 1,620,749
For the year ending 31 August 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.
On behalf of the board
Miss Wendy Clarke
Director
19/05/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
The Rent Guarantee Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09184877 . The registered office is 30 London Road, Sawbridgeworth, Hertfordshire, CM21 9JS.
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 represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

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:
Motor Vehicles 25%
Computer Equipment 25%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the accounting period. Deferred tax is recognised on all 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. 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 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 the tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
2.6. Pensions
The company operates a defined pension contribution scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
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Page 3
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 54,496 27,995 82,491
Additions 56,825 126 56,951
As at 31 August 2024 111,321 28,121 139,442
Depreciation
As at 1 September 2023 43,143 23,518 66,661
Provided during the period 21,911 4,603 26,514
As at 31 August 2024 65,054 28,121 93,175
Net Book Value
As at 31 August 2024 46,267 - 46,267
As at 1 September 2023 11,353 4,477 15,830
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 226,109 204,937
Prepayments and accrued income 14,570 13,318
Other debtors (Debtors < 1 year) 2,923 12,390
The Rent Guarantee Company One Limited (288,328 ) (7,244 )
TRGC Group 932,916 954,399
Other debtors (3) - 900
888,190 1,178,700
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,852 34,583
Corporation tax - 123,984
Other taxes and social security 4,816 6,931
Other creditors 2,530 7,466
TRGC Propco Ltd (1,589,780 ) 126,241
Accruals and deferred income 378,754 256,023
Directors' loan accounts 517 525
(1,187,311 ) 555,753
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 50,354 -
Bank loans 18,090 27,500
68,444 27,500
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 50,354 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Ultimate Controlling Party
The company's ultimate controlling party is TRGC Group Limited by virtue of his ownership of 100% of the issued share capital in the company.
Page 4