Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 13559334 Ms Mary-Anne Bowring Mr Daniel Robinson Mr Charles Youngs Mr Mehdi Mehra Mr Richard Williams Mr Martin Samworth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13559334 2023-03-31 13559334 2024-03-31 13559334 2023-04-01 2024-03-31 13559334 frs-core:CurrentFinancialInstruments 2024-03-31 13559334 frs-core:Non-currentFinancialInstruments 2024-03-31 13559334 frs-core:ComputerEquipment 2024-03-31 13559334 frs-core:ComputerEquipment 2023-04-01 2024-03-31 13559334 frs-core:ComputerEquipment 2023-03-31 13559334 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 13559334 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 13559334 frs-core:FurnitureFittings 2024-03-31 13559334 frs-core:FurnitureFittings 2023-04-01 2024-03-31 13559334 frs-core:FurnitureFittings 2023-03-31 13559334 frs-core:SharePremium 2024-03-31 13559334 frs-core:ShareCapital 2024-03-31 13559334 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13559334 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13559334 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13559334 frs-bus:SmallEntities 2023-04-01 2024-03-31 13559334 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13559334 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13559334 frs-bus:Director1 2023-04-01 2024-03-31 13559334 frs-bus:Director2 2023-04-01 2024-03-31 13559334 frs-bus:Director3 2023-04-01 2024-03-31 13559334 frs-bus:Director4 2023-04-01 2024-03-31 13559334 frs-bus:Director5 2023-04-01 2024-03-31 13559334 frs-bus:Director6 2023-04-01 2024-03-31 13559334 frs-countries:EnglandWales 2023-04-01 2024-03-31 13559334 2022-03-31 13559334 2023-03-31 13559334 2022-04-01 2023-03-31 13559334 frs-core:CurrentFinancialInstruments 2023-03-31 13559334 frs-core:Non-currentFinancialInstruments 2023-03-31 13559334 frs-core:SharePremium 2023-03-31 13559334 frs-core:ShareCapital 2023-03-31 13559334 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13559334
Virginland By Ringley Limited
Financial Statements
For The Year Ended 31 March 2024
Longmire Consultants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13559334
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 263,122 263,122
Tangible Assets 5 2,763 3,140
265,885 266,262
CURRENT ASSETS
Debtors 6 49,634 45,311
Cash at bank and in hand 14,275 28,790
63,909 74,101
Creditors: Amounts Falling Due Within One Year (143,540 ) (73,853 )
NET CURRENT ASSETS (LIABILITIES) (79,631 ) 248
TOTAL ASSETS LESS CURRENT LIABILITIES 186,254 266,510
Creditors: Amounts Falling Due After More Than One Year 7 (440,253 ) (197,641 )
NET (LIABILITIES)/ASSETS (253,999 ) 68,869
CAPITAL AND RESERVES
Called up share capital 1,961 1,961
Share premium account 100,000 100,000
Profit and Loss Account (355,960 ) (33,092 )
SHAREHOLDERS' FUNDS (253,999) 68,869
Page 1
Page 2
For the year ending 31 March 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 Profit and Loss Account.
On behalf of the board
Ms Mary-Anne Bowring
Director
Mr Daniel Robinson
Director
Mr Charles Youngs
Director
Mr Mehdi Mehra
Director
Mr Richard Williams
Director
Mr Martin Samworth
Director
11/06/2025
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
Virginland By Ringley Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13559334 . The registered office is 1 Castle Road, London, NW1 8PR.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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:
Fixtures & Fittings 20% Straight Line
Computer Equipment 5 Year Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 6)
10 6
4. Intangible Assets
Development Costs
£
Cost
As at 1 April 2023 263,122
As at 31 March 2024 263,122
Net Book Value
As at 31 March 2024 263,122
As at 1 April 2023 263,122
Page 3
Page 4
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 930 2,995 3,925
Additions - 1,920 1,920
As at 31 March 2024 930 4,915 5,845
Depreciation
As at 1 April 2023 186 599 785
Provided during the period - 2,297 2,297
As at 31 March 2024 186 2,896 3,082
Net Book Value
As at 31 March 2024 744 2,019 2,763
As at 1 April 2023 744 2,396 3,140
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 46,300 42,300
Prepayments and accrued income 1,373 1,050
Called up share capital not paid 1,961 1,961
49,634 45,311
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 440,253 197,641
The Business is Supported by Ringley Limited and more investment will be made in the next two years. The loan will not be requested to be repaid until the business can support this from profits.
8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid - 26,726
Page 4