Acorah Software Products - Accounts Production 16.3.350 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 04251554 Mr Nilesh Lukka Mr Vinesh Unalkat iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04251554 2023-08-31 04251554 2024-08-31 04251554 2023-09-01 2024-08-31 04251554 frs-core:CurrentFinancialInstruments 2024-08-31 04251554 frs-core:Non-currentFinancialInstruments 2024-08-31 04251554 frs-core:FurnitureFittings 2024-08-31 04251554 frs-core:FurnitureFittings 2023-09-01 2024-08-31 04251554 frs-core:FurnitureFittings 2023-08-31 04251554 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 04251554 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 04251554 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 04251554 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04251554 frs-core:OtherReservesSubtotal 2024-08-31 04251554 frs-core:RevaluationReserve 2023-08-31 04251554 frs-core:RevaluationReserve 2024-08-31 04251554 frs-core:SharePremium 2024-08-31 04251554 frs-core:ShareCapital 2024-08-31 04251554 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 04251554 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04251554 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 04251554 frs-bus:SmallEntities 2023-09-01 2024-08-31 04251554 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04251554 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04251554 frs-core:UnlistedNon-exchangeTraded 2024-08-31 04251554 frs-core:UnlistedNon-exchangeTraded 2023-08-31 04251554 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-08-31 04251554 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-08-31 04251554 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-08-31 04251554 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 04251554 frs-bus:Director1 2023-09-01 2024-08-31 04251554 frs-bus:Director2 2023-09-01 2024-08-31 04251554 frs-countries:EnglandWales 2023-09-01 2024-08-31 04251554 2022-08-31 04251554 2023-08-31 04251554 2022-09-01 2023-08-31 04251554 frs-core:CurrentFinancialInstruments 2023-08-31 04251554 frs-core:Non-currentFinancialInstruments 2023-08-31 04251554 frs-core:OtherReservesSubtotal 2023-08-31 04251554 frs-core:RevaluationReserve 2023-08-31 04251554 frs-core:SharePremium 2023-08-31 04251554 frs-core:ShareCapital 2023-08-31 04251554 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 04251554
Radia Estates Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04251554
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 381,102 385,496
Investment Properties 5 10,750,000 10,750,000
Investments 6 2 2
11,131,104 11,135,498
CURRENT ASSETS
Debtors 7 1,670,833 1,703,881
Cash at bank and in hand 582,278 557,232
2,253,111 2,261,113
Creditors: Amounts Falling Due Within One Year 8 (848,483 ) (845,982 )
NET CURRENT ASSETS (LIABILITIES) 1,404,628 1,415,131
TOTAL ASSETS LESS CURRENT LIABILITIES 12,535,732 12,550,629
Creditors: Amounts Falling Due After More Than One Year 9 (3,500,000 ) (3,700,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (455,256 ) (455,256 )
NET ASSETS 8,580,476 8,395,373
CAPITAL AND RESERVES
Called up share capital 11 5,000 5,000
Share premium account 3,842,396 3,842,396
Revaluation reserve 12 58,844 58,844
Investment property revaluation reserve 3,945,888 3,945,888
Profit and Loss Account 728,348 543,245
SHAREHOLDERS' FUNDS 8,580,476 8,395,373
Page 1
Page 2
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
Mr Vinesh Unalkat
Director
27 May 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Radia Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04251554 . The registered office is Rosslyn House, 34 Railway Approach, Harrow, HA3 5AA.
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. Going Concern Disclosure
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company is solvent and generated a profit for the year.
The directors have reviewed the company’s forecasts and projections and have considered the potential impact of current and foreseeable economic conditions. Based on this review, the directors believe that the company is well placed to manage its business risks successfully.
Accordingly, the financial statements have been prepared on a going concern basis.
2.3. 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.
2.4. 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:
Freehold 2% straightline
Leasehold Over the term of lease
Fixtures & Fittings 15% reducing balance
2.5. 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.
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a longterm interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
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2.6. 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.
2.7. 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 years 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 assets reflect 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.
2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 360,500 148,213 508,713
As at 31 August 2024 360,500 148,213 508,713
Depreciation
As at 1 September 2023 1,840 121,377 123,217
Provided during the period 368 4,026 4,394
As at 31 August 2024 2,208 125,403 127,611
...CONTINUED
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Page 5
Net Book Value
As at 31 August 2024 358,292 22,810 381,102
As at 1 September 2023 358,660 26,836 385,496
5. Investment Property
2024
£
Fair Value
As at 1 September 2023 and 31 August 2024 10,750,000
6. Investments
Unlisted
£
Cost
As at 1 September 2023 2
As at 31 August 2024 2
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 2
As at 1 September 2023 2
Subsidiary
Name of undertaking         Registered office          Nature of business      Class of shares held                 % Held Direct
Compton London Ltd               Rosslyn House,                Property rental and                    Ordinary                          100.00  
                                               34 Railway Approach,      development
                                                Harrow, Middlesex,
                                                HA3 5AA
The aggregate capital and reserves and the result for the year of the subsidiary noted above was as follows:
Name of undertaking  Capital and Reserves    Profit/(Loss)
Compton London Ltd           £(1,312,772)             £(36,597)
The company has chosen not to prepare group accounts on the basis that it qualifies as a small group.
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 23,673 87,461
Amounts owed by group undertakings 1,643,161 1,614,561
Other debtors 3,999 1,859
1,670,833 1,703,881
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,588 16,159
Bank loans and overdrafts 200,000 200,000
Other loans 179,610 179,610
Other creditors 352,670 316,912
Taxation and social security 112,615 133,301
848,483 845,982
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,500,000 3,700,000
The Bank Loans are secured by a first legal charge over the investment properties and a debenture.
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 455,256 455,256
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,000 5,000
2024
2023
2024
2023
Ordinary share capitalIssued and fully paid
Number
Number
£
£
5,000 Ordinary A shares of £1 each
5000
5000
5,000
5,000
363 Ordinary B shares of £0.00001 each
363
image
363
image
0
image
0
image
5363
image
5363
image
5,000
image
5,000
image
12. Reserves
Revaluation Reserve
£
As at 1 September 2023 58,844
As at 31 August 2024 58,844
Page 6