Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06404353 L Jones K Bhadriraju M Chawla P Elalouf K Lahatte true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06404353 2023-12-31 06404353 2024-12-31 06404353 2024-01-01 2024-12-31 06404353 frs-core:CurrentFinancialInstruments 2024-12-31 06404353 frs-core:SharePremium 2024-12-31 06404353 frs-core:ShareCapital 2024-12-31 06404353 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06404353 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06404353 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06404353 frs-bus:SmallEntities 2024-01-01 2024-12-31 06404353 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06404353 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06404353 1 2024-01-01 2024-12-31 06404353 frs-bus:Director1 2024-01-01 2024-12-31 06404353 frs-bus:Director2 2024-01-01 2024-12-31 06404353 frs-bus:Director3 2024-01-01 2024-12-31 06404353 frs-bus:Director4 2024-01-01 2024-12-31 06404353 frs-bus:Director5 2024-01-01 2024-12-31 06404353 frs-core:CurrentFinancialInstruments 1 2024-12-31 06404353 frs-core:CurrentFinancialInstruments 2 2024-12-31 06404353 frs-countries:EnglandWales 2024-01-01 2024-12-31 06404353 2022-12-31 06404353 2023-12-31 06404353 2023-01-01 2023-12-31 06404353 frs-core:CurrentFinancialInstruments 2023-12-31 06404353 frs-core:SharePremium 2023-12-31 06404353 frs-core:ShareCapital 2023-12-31 06404353 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06404353 frs-core:CurrentFinancialInstruments 1 2023-12-31 06404353 frs-core:CurrentFinancialInstruments 2 2023-12-31
Registered number: 06404353
Rideau Europe Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 06404353
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 18,156 17,942
Cash at bank and in hand 49,326 60,444
67,482 78,386
Creditors: Amounts Falling Due Within One Year 5 (249,945 ) (122,722 )
NET CURRENT ASSETS (LIABILITIES) (182,463 ) (44,336 )
TOTAL ASSETS LESS CURRENT LIABILITIES (182,463 ) (44,336 )
NET LIABILITIES (182,463 ) (44,336 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Share premium account 27,899 27,899
Income Statement (210,363 ) (72,236 )
SHAREHOLDERS' FUNDS (182,463) (44,336)
For the year ending 31 December 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 Income Statement.
On behalf of the board
P Elalouf
Director
26 June 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
Rideau Europe Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06404353 . The registered office is Stanway House Almondsbury Business Centre, Woodlands, Bristol, BS32 4QH.
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.
Presentation currency
The accounts are presented in £ sterling.
2.2. Going Concern Disclosure
At the year-end date the company had a net liability position. 
The directors have assessed the Statement of Financial Position and the future cash flows at the date of approving these financial statements. Due to the continued support of the parent company, the directors consider that the Company has adequate resources to continue to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
2.3. 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.
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 2
Page 3
4. Debtors
2024 2023
£ £
Due within one year
Deferred tax current asset 17,314 17,314
VAT 618 628
Net wages 224 -
18,156 17,942
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 6,187 4,933
Net wages - 34
Intercompany loan - Rideau Canada 11,392 11,392
Intercompany loan - Tharpe Co. 232,066 106,063
Accruals and deferred income 300 300
249,945 122,722
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
7. Related Party Transactions
The company is a wholly owned subsidiary of Rideau Recognition Solutions Inc, a company incorporated in Canada.
The parent undertaking of the smallest and largest group in which the results of the company are consolidated is Rideau Recognition Solutions Inc. 
Copies of the consolidated financial statements of the parent company are available from its registered office at: 473 Rue Deslauriers, St Laurent, Montreal, QC, Canada, H4N 1W2.
The company has taken advantage of exemption, under section 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.
8. Ultimate Controlling Party
The directors consider that there is no single ultimate controlling party.
Page 3