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 05894914 R Smith Mr R Smith true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05894914 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-08-31 05894914 2023-08-31 05894914 2024-08-31 05894914 2023-09-01 2024-08-31 05894914 frs-core:Non-currentFinancialInstruments 2024-08-31 05894914 frs-core:BetweenOneFiveYears 2024-08-31 05894914 frs-core:MotorVehicles 2023-09-01 2024-08-31 05894914 frs-core:PlantMachinery 2023-09-01 2024-08-31 05894914 frs-core:WithinOneYear 2024-08-31 05894914 frs-core:ShareCapital 2024-08-31 05894914 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 05894914 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05894914 frs-bus:AbridgedAccounts 2023-09-01 2024-08-31 05894914 frs-bus:SmallEntities 2023-09-01 2024-08-31 05894914 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05894914 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05894914 1 2023-09-01 2024-08-31 05894914 frs-bus:Director1 2023-09-01 2024-08-31 05894914 frs-countries:EnglandWales 2023-09-01 2024-08-31 05894914 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-08-31 05894914 2022-08-31 05894914 2023-08-31 05894914 2022-09-01 2023-08-31 05894914 frs-core:Non-currentFinancialInstruments 2023-08-31 05894914 frs-core:BetweenOneFiveYears 2023-08-31 05894914 frs-core:WithinOneYear 2023-08-31 05894914 frs-core:ShareCapital 2023-08-31 05894914 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 05894914
RTS Property Investments Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 05894914
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,473 -
Investment Properties 5 2,855,000 2,855,000
2,893,473 2,855,000
CURRENT ASSETS
Debtors - 23,050
Cash at bank and in hand 3,223 11,267
3,223 34,317
Creditors: Amounts Falling Due Within One Year (783,302 ) (801,966 )
NET CURRENT ASSETS (LIABILITIES) (780,079 ) (767,649 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,113,394 2,087,351
Creditors: Amounts Falling Due After More Than One Year 6 (1,098,152 ) (1,035,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (176,124 ) (176,124 )
NET ASSETS 839,118 876,227
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 839,018 876,127
SHAREHOLDERS' FUNDS 839,118 876,227
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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 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 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
R Smith
Director
30th May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
RTS Property Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05894914 . The registered office is 54 Victoria Gardens, Biggin Hill, Westerham, TN16 3DL.
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, excluding discounts, rebates, value added tax and other sales taxes.
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:
Plant & Machinery 20% on cost
Motor Vehicles 25% reducing balance
2.4. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fairvalue is recognised in profit or loss.
2.5. 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.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
2.6. Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
1Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Total
£
Cost
As at 1 September 2023 3,250
Additions 51,298
As at 31 August 2024 54,548
Depreciation
As at 1 September 2023 3,250
Provided during the period 12,825
As at 31 August 2024 16,075
Net Book Value
As at 31 August 2024 38,473
As at 1 September 2023 -
5. Investment Property
2024
£
Fair Value
As at 1 September 2023 and 31 August 2024 2,855,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 1,863,000 1,863,060
Investment properties were valued by the Director on an open market basis on 31 August 2024.
6. Creditors: amounts falling due after five years
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 1,068,284 1,035,000
7. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 1,068,284 1,035,000
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,332 -
Later than one year and not later than five years 29,868 -
38,200 -
38,200 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr R Smith .
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