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 12480472 Mr Kevin Gray Mr Douglas Olofsson Mr Steven Veal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12480472 2023-12-31 12480472 2024-12-31 12480472 2024-01-01 2024-12-31 12480472 frs-core:CurrentFinancialInstruments 2024-12-31 12480472 frs-core:Non-currentFinancialInstruments 2024-12-31 12480472 frs-core:SharePremium 2024-12-31 12480472 frs-core:ShareCapital 2024-12-31 12480472 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12480472 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12480472 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12480472 frs-bus:SmallEntities 2024-01-01 2024-12-31 12480472 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12480472 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12480472 frs-bus:Director1 2024-01-01 2024-12-31 12480472 frs-bus:Director2 2024-01-01 2024-12-31 12480472 frs-bus:Director3 2024-01-01 2024-12-31 12480472 frs-countries:EnglandWales 2024-01-01 2024-12-31 12480472 2022-12-31 12480472 2023-12-31 12480472 2023-01-01 2023-12-31 12480472 frs-core:CurrentFinancialInstruments 2023-12-31 12480472 frs-core:Non-currentFinancialInstruments 2023-12-31 12480472 frs-core:SharePremium 2023-12-31 12480472 frs-core:ShareCapital 2023-12-31 12480472 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12480472
Rocky Mountain Resources Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Roy Pinnock & Co LLP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12480472
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Investments 4 1 1
Cash at bank and in hand 294 -
295 1
Creditors: Amounts Falling Due Within One Year 5 (2,520 ) (1,650 )
NET CURRENT ASSETS (LIABILITIES) (2,225 ) (1,649 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,225 ) (1,649 )
Creditors: Amounts Falling Due After More Than One Year 6 (5,390 ) (5,390 )
NET LIABILITIES (7,615 ) (7,039 )
CAPITAL AND RESERVES
Called up share capital 7 2,050 2,050
Share premium account 6,318 6,318
Profit and Loss Account (15,983 ) (15,407 )
SHAREHOLDERS' FUNDS (7,615) (7,039)
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 Profit and Loss Account.
On behalf of the board
Mr Kevin Gray
Director
07/08/2025
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
Rocky Mountain Resources Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12480472 . The registered office is C/O Rpgcc, 40 Gracechurch Street, London, EC3V 0BT.
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. Going Concern Disclosure
The Directors have made an assessment of the Company’s ability to continue as a going
concern and are satisfied that the Company has the resources to continue in business for
the foreseeable future. Furthermore the Directors are not aware of any material
uncertainties that may cast significant doubt upon the Company’s ability to continue as a
going concern.
2.3. Financial Instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial
Instruments” of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances,
are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any
provision for impairment, unless the arrangement constitutes a financing transaction, where
the transaction is measured at the present value of the future receipts discounted at a
market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash
and cash equivalents, trade and most other receivables due with the operating cycle fall
into this category of financial instruments.
Other financial assets
Other financial assets, which includes investments in equity instruments which are not
classified as subsidiaries, associates or joint ventures, are initially measured at fair value,
which is normally the recognised transaction price. Such assets are subsequently
measured at fair value with the changes in fair value being recognised in the profit or loss.
Where other financial assets are not publicly traded, hence their fair value cannot be
measured reliably, they are measured at cost less impairment.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instruments any contract that evidences a
residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans and other
loans are initially measured at their transaction price after transaction costs. When this
constitutes a financing transaction, whereby the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Discounting is omitted
where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective
interest rate method.
Trade payables are obligations to pay for goods and services that have been acquired in
the ordinary course of business from suppliers. Trade payables are classified as current
liabilities if the payment is due within one year. If not, they represent non-current liabilities.
Trade payables are initially recognised at their transaction price and subsequently are
measured at amortised cost using the effective interest method. Discounting is omitted
where the effect of discounting is immaterial.
2.4. Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 1 1
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 2,520 1,650
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 5,390 5,390
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,050 2,050
Page 3