Acorah Software Products - Accounts Production 16.2.850 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 11222589 Mr Vatsal Amin Mrs Anju Vatsal Amin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11222589 2024-02-29 11222589 2025-02-28 11222589 2024-03-01 2025-02-28 11222589 frs-core:CurrentFinancialInstruments 2025-02-28 11222589 frs-core:Non-currentFinancialInstruments 2025-02-28 11222589 frs-core:FurnitureFittings 2025-02-28 11222589 frs-core:FurnitureFittings 2024-03-01 2025-02-28 11222589 frs-core:FurnitureFittings 2024-02-29 11222589 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 11222589 frs-core:ShareCapital 2025-02-28 11222589 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 11222589 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 11222589 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 11222589 frs-bus:SmallEntities 2024-03-01 2025-02-28 11222589 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 11222589 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 11222589 frs-bus:Director1 2024-03-01 2025-02-28 11222589 frs-bus:Director2 2024-03-01 2025-02-28 11222589 frs-countries:EnglandWales 2024-03-01 2025-02-28 11222589 2023-02-28 11222589 2024-02-29 11222589 2023-03-01 2024-02-29 11222589 frs-core:CurrentFinancialInstruments 2024-02-29 11222589 frs-core:Non-currentFinancialInstruments 2024-02-29 11222589 frs-core:ShareCapital 2024-02-29 11222589 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 11222589
RSJ Estate Development Limited
Financial Statements
For The Year Ended 28 February 2025
Lee & Associates (1993) Limited
Chartered Certified Accountants
114 Colindale Avenue
Colindale
London
NW9 5GX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11222589
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,413 16,957
Investment Properties 5 3,944,933 3,944,933
3,959,346 3,961,890
CURRENT ASSETS
Debtors 6 59,806 59,806
Cash at bank and in hand 3 3
59,809 59,809
Creditors: Amounts Falling Due Within One Year 7 (1,711,595 ) (1,638,375 )
NET CURRENT ASSETS (LIABILITIES) (1,651,786 ) (1,578,566 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,307,560 2,383,324
Creditors: Amounts Falling Due After More Than One Year 8 (2,829,000 ) (2,829,000 )
NET LIABILITIES (521,440 ) (445,676 )
CAPITAL AND RESERVES
Called up share capital 9 3 3
Profit and Loss Account (521,443 ) (445,679 )
SHAREHOLDERS' FUNDS (521,440) (445,676)
Page 1
Page 2
For the year ending 28 February 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 Vatsal Amin
Director
23/06/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
RSJ Estate Development Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11222589 . The registered office is 114 Colindale Avenue, Colindale, London, NW9 5GX.
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. 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:
Leasehold Over the life of the lease
Fixtures & Fittings 25% reducing balance method
2.4. 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.
3. Average Number of Employees
During the period there were no employees in the company. NIL (2024: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 March 2024 22,925
As at 28 February 2025 22,925
Depreciation
As at 1 March 2024 5,968
Provided during the period 2,544
As at 28 February 2025 8,512
...CONTINUED
Page 3
Page 4
Net Book Value
As at 28 February 2025 14,413
As at 1 March 2024 16,957
5. Investment Property
2025
£
Fair Value
As at 1 March 2024 and 28 February 2025 3,944,933
6. Debtors
2025 2024
£ £
Due within one year
Amounts owed by participating interests 59,806 59,806
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 86,075 86,074
Bank loans and overdrafts 112,175 47,884
Amounts owed to participating interests 762,892 762,892
Other creditors 749,234 740,306
Taxation and social security 1,219 1,219
1,711,595 1,638,375
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,829,000 2,829,000
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 3 3
Page 4