Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 12086167 Mr Jitendra Wouhra Mrs Prabhjot Wouhra Mr Jatin Wouhra Mr Amit Wouhra iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12086167 2024-03-31 12086167 2025-03-31 12086167 2024-04-01 2025-03-31 12086167 frs-core:CurrentFinancialInstruments 2025-03-31 12086167 frs-core:FurnitureFittings 2025-03-31 12086167 frs-core:FurnitureFittings 2024-04-01 2025-03-31 12086167 frs-core:FurnitureFittings 2024-03-31 12086167 frs-core:NetGoodwill 2025-03-31 12086167 frs-core:NetGoodwill 2024-04-01 2025-03-31 12086167 frs-core:NetGoodwill 2024-03-31 12086167 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 12086167 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12086167 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 12086167 frs-core:ShareCapital 2025-03-31 12086167 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 12086167 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12086167 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 12086167 frs-bus:SmallEntities 2024-04-01 2025-03-31 12086167 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12086167 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12086167 frs-bus:Director1 2024-04-01 2025-03-31 12086167 frs-bus:Director2 2024-04-01 2025-03-31 12086167 frs-bus:Director3 2024-04-01 2025-03-31 12086167 frs-bus:Director4 2024-04-01 2025-03-31 12086167 frs-countries:EnglandWales 2024-04-01 2025-03-31 12086167 2023-03-31 12086167 2024-03-31 12086167 2023-04-01 2024-03-31 12086167 frs-core:CurrentFinancialInstruments 2024-03-31 12086167 frs-core:ShareCapital 2024-03-31 12086167 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 12086167
Restassured Residential Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 12086167
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 148,133 168,333
Tangible Assets 5 846,412 879,853
994,545 1,048,186
CURRENT ASSETS
Debtors 6 17,282 14,495
Cash at bank and in hand 287,518 177,305
304,800 191,800
Creditors: Amounts Falling Due Within One Year 7 (1,358,276 ) (1,360,281 )
NET CURRENT ASSETS (LIABILITIES) (1,053,476 ) (1,168,481 )
TOTAL ASSETS LESS CURRENT LIABILITIES (58,931 ) (120,295 )
NET LIABILITIES (58,931 ) (120,295 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (59,031 ) (120,395 )
SHAREHOLDERS' FUNDS (58,931) (120,295)
For the year ending 31 March 2025 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 Jatin Wouhra
Director
19/05/2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Restassured Residential Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12086167 . The registered office is Firs House Mearse Lane, Barnt Green, Birmingham, West Midlands, B45 8DB.
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, 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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
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% reducing balance
Fixtures & Fittings 15% reducing balance
2.5. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Page 3
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 31 (2024: 36)
31 36
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 202,000
As at 31 March 2025 202,000
Amortisation
As at 1 April 2024 33,667
Provided during the period 20,200
As at 31 March 2025 53,867
Net Book Value
As at 31 March 2025 148,133
As at 1 April 2024 168,333
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 785,784 173,203 958,987
Additions - 369 369
As at 31 March 2025 785,784 173,572 959,356
Depreciation
As at 1 April 2024 26,193 52,941 79,134
Provided during the period 15,716 18,094 33,810
As at 31 March 2025 41,909 71,035 112,944
Net Book Value
As at 31 March 2025 743,875 102,537 846,412
As at 1 April 2024 759,591 120,262 879,853
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Page 4
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 14,486 600
Other debtors 2,796 13,895
17,282 14,495
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 32,384 28,987
Other creditors 1,317,517 1,322,427
Taxation and social security 8,375 8,867
1,358,276 1,360,281
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
During the year the company provided a loan to Firs Oakmont Holding Limited, a company under the control of the directors. At the balance sheet date, the balance included in other debtors was £nil (2024 - £1,680).
During the year the company received a loan from St. Saviours Care Home Limited, a company under the control of the directors. At the balance sheet date, the balance included in other creditors was £1,088 (2024 - £4,118).
During the year the company received a loan from Advance Property Holdings Ltd, a company under the control of the directors. At the balance sheet date, the balance included in other creditors was £nil (2024 - £14,838).
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