Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10324650 Mr Richard Shield Mrs Alexandra Hale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10324650 2023-08-31 10324650 2024-08-31 10324650 2023-09-01 2024-08-31 10324650 frs-core:CurrentFinancialInstruments 2024-08-31 10324650 frs-core:Non-currentFinancialInstruments 2024-08-31 10324650 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 10324650 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10324650 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 10324650 frs-core:ShareCapital 2024-08-31 10324650 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10324650 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10324650 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10324650 frs-bus:SmallEntities 2023-09-01 2024-08-31 10324650 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10324650 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10324650 frs-bus:Director1 2023-09-01 2024-08-31 10324650 frs-bus:Director2 2023-09-01 2024-08-31 10324650 frs-countries:EnglandWales 2023-09-01 2024-08-31 10324650 2022-08-31 10324650 2023-08-31 10324650 2022-09-01 2023-08-31 10324650 frs-core:CurrentFinancialInstruments 2023-08-31 10324650 frs-core:Non-currentFinancialInstruments 2023-08-31 10324650 frs-core:ShareCapital 2023-08-31 10324650 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10324650
R A Shield Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
The Countryside Accountants Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10324650
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,347,000 3,347,000
3,347,000 3,347,000
CURRENT ASSETS
Debtors 5 833,000 833,000
833,000 833,000
Creditors: Amounts Falling Due Within One Year 6 (2,580 ) (2,580 )
NET CURRENT ASSETS (LIABILITIES) 830,420 830,420
TOTAL ASSETS LESS CURRENT LIABILITIES 4,177,420 4,177,420
Creditors: Amounts Falling Due After More Than One Year 7 (194,780 ) (194,480 )
NET ASSETS 3,982,640 3,982,940
CAPITAL AND RESERVES
Called up share capital 8 4,000,000 4,000,000
Profit and Loss Account (17,360 ) (17,060 )
SHAREHOLDERS' FUNDS 3,982,640 3,982,940
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
Mrs Alexandra Hale
Director
11th May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
R A Shield Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10324650 . The registered office is The Hayloft Nottingham Road, Ab Kettleby, Melton Mowbray, LE14 3JB.
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. 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 3347000
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 September 2023 3,347,000
As at 31 August 2024 3,347,000
Net Book Value
As at 31 August 2024 3,347,000
As at 1 September 2023 3,347,000
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 833,000 833,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 300 300
Amounts owed to associates 2,280 2,280
2,580 2,580
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 194,780 194,480
Page 2
Page 3
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4,000,000 4,000,000
9. Post Balance Sheet Events
RA Shield Holdings Limited, (the former subsidiary company of RA Shield Limited) and CRF Shield (former director of the company) have obtained an interim injunction in February 2024 over the company’s ability to sell its assets, claiming that RA Shield Limited is not and was never entitled to the capital in the assets. This is despite the fact that RA Shield Holdings and CRF Shield, as director of RA Shield Limited at the time, signed the Companies House, legal documents, Land Registry documents, Solvency statements, HMRC Clearance, and RA Shield Holdings accounts in 2016 stating that RA Shield Limited was fully entitled to the assets, without limitation. The company and directors have taken substantial legal advice and are confident in the legal position that RA Shield Limited is entitled fully to the assets, but the litigation process must be followed.
CRF Shield is also claiming in litigation that RA Shield Limited is not entitled to the £833,333 dividend declared by RA Shield Holdings Limited to RA Shield Limited as part of the 2016 reorganisation, and documented in the same documentation.
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