Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2022 1 January 2022 false 1 January 2023 31 May 2024 31 May 2024 06059885 Mr Jamie Copland Mr JE Copland 25 Ringwood Road, Alderholt, Dorset, SP6 3DF true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06059885 2022-12-31 06059885 2024-05-31 06059885 2023-01-01 2024-05-31 06059885 frs-core:CurrentFinancialInstruments 2024-05-31 06059885 frs-core:Non-currentFinancialInstruments 2024-05-31 06059885 frs-core:FurnitureFittings 2024-05-31 06059885 frs-core:FurnitureFittings 2023-01-01 2024-05-31 06059885 frs-core:FurnitureFittings 2022-12-31 06059885 frs-core:OtherReservesSubtotal 2024-05-31 06059885 frs-core:ShareCapital 2024-05-31 06059885 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06059885 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2024-05-31 06059885 frs-bus:FilletedAccounts 2023-01-01 2024-05-31 06059885 frs-bus:SmallEntities 2023-01-01 2024-05-31 06059885 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-05-31 06059885 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-05-31 06059885 1 2023-01-01 2024-05-31 06059885 frs-bus:Director1 2023-01-01 2024-05-31 06059885 frs-countries:EnglandWales 2023-01-01 2024-05-31 06059885 2021-12-31 06059885 2022-12-31 06059885 2022-01-01 2022-12-31 06059885 frs-core:CurrentFinancialInstruments 2022-12-31 06059885 frs-core:Non-currentFinancialInstruments 2022-12-31 06059885 frs-core:OtherReservesSubtotal 2022-12-31 06059885 frs-core:ShareCapital 2022-12-31 06059885 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06059885
RW Derby House Ltd
Financial Statements
For the Period 1 January 2023 to 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06059885
31 May 2024 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 544 725
Investment Properties 5 1,100,670 3,991,098
1,101,214 3,991,823
CURRENT ASSETS
Debtors 6 1,595,639 19,455
Cash at bank and in hand 1,549 3,588
1,597,188 23,043
Creditors: Amounts Falling Due Within One Year 7 (309,637 ) (64,525 )
NET CURRENT ASSETS (LIABILITIES) 1,287,551 (41,482 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,388,765 3,950,341
Creditors: Amounts Falling Due After More Than One Year 8 - (1,357,234 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (100,976 ) (289,196 )
NET ASSETS 2,287,789 2,303,911
CAPITAL AND RESERVES
Called up share capital 9 2 2
Other reserves 1,812,617 1,812,617
Profit and Loss Account 475,170 491,292
SHAREHOLDERS' FUNDS 2,287,789 2,303,911
Page 1
Page 2
For the period ending 31 May 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.
On behalf of the board
Mr Jamie Copland
Director
26th June 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
RW Derby House Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06059885 . The registered office is 25 Ringwood Road, Alderholt, Dorset, SP6 3DF.
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.
Revenue is recognised in accordance with the terms of the rental agreement on each property and/ or room rented out.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any 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:
Fixtures & Fittings 25% reducing balance basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered any impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of cash-generating unit to which the asset belongs.
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.
2.5. Financial Instruments
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
...CONTINUED
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2.5. Financial Instruments - continued
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt Instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are present as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once the yare no longer at the discretion of the company.
2.6. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing differences arises from goodwill or from the initial recognition of assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
2.7. Judgements & key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2022: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 10,863
As at 31 May 2024 10,863
Depreciation
As at 1 January 2023 10,138
Provided during the period 181
As at 31 May 2024 10,319
...CONTINUED
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Page 5
Net Book Value
As at 31 May 2024 544
As at 1 January 2023 725
5. Investment Property
31 May 2024
£
Fair Value
As at 1 January 2023 3,991,098
Additions 484,910
Disposals (3,375,338 )
As at 31 May 2024 1,100,670
The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 May 2024 by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. 
6. Debtors
31 May 2024 31 December 2022
£ £
Due within one year
Amounts owed by group undertakings 1,548,613 10,699
Other debtors 47,026 8,756
1,595,639 19,455
7. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 December 2022
£ £
Bank loans and overdrafts - 9,886
Amounts owed to group undertakings 298,215 8,715
Amounts owed to participating interests - 7,000
Other creditors 11,422 12,084
Taxation and social security - 26,840
309,637 64,525
8. Creditors: Amounts Falling Due After More Than One Year
31 May 2024 31 December 2022
£ £
Bank loans - 1,357,234
Page 5
Page 6
9. Share Capital
31 May 2024 31 December 2022
£ £
Allotted, Called up and fully paid 2 2
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is R Warren Ltd . R Warren Ltd was incorporated in England and Wales. The ultimate controlling party is Mr JE Copland .
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