Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10327306 Miss Sylvia Farago iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10327306 2023-08-31 10327306 2024-08-31 10327306 2023-09-01 2024-08-31 10327306 frs-core:CurrentFinancialInstruments 2024-08-31 10327306 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 10327306 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 10327306 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 10327306 frs-core:RevaluationReserve 2023-09-01 2024-08-31 10327306 frs-core:RevaluationReserve 2024-08-31 10327306 frs-core:ShareCapital 2024-08-31 10327306 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10327306 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10327306 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10327306 frs-bus:SmallEntities 2023-09-01 2024-08-31 10327306 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10327306 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10327306 frs-bus:OrdinaryShareClass2 2023-09-01 2024-08-31 10327306 frs-bus:OrdinaryShareClass2 2024-08-31 10327306 frs-core:UnlistedNon-exchangeTraded 2024-08-31 10327306 frs-core:UnlistedNon-exchangeTraded 2023-08-31 10327306 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-08-31 10327306 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-08-31 10327306 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-08-31 10327306 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 10327306 frs-bus:Director1 2023-09-01 2024-08-31 10327306 frs-countries:EnglandWales 2023-09-01 2024-08-31 10327306 2022-08-31 10327306 2023-08-31 10327306 2022-09-01 2023-08-31 10327306 frs-core:CurrentFinancialInstruments 2023-08-31 10327306 frs-core:RevaluationReserve 2023-08-31 10327306 frs-core:ShareCapital 2023-08-31 10327306 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 10327306 frs-bus:OrdinaryShareClass2 2022-09-01 2023-08-31
Registered number: 10327306
Ride The Lighting Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Ten Forward Accounting Ltd
Chartered Certified Accountants
Suite 2A, 7th Floor
City Reach, 5 Greenwich View Place
London
E14 9NN
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 10327306
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 683,281
Investments 5 1,733 1,733
1,733 685,014
CURRENT ASSETS
Debtors 6 750,858 3,099
Cash at bank and in hand 1,290,626 1,242,187
2,041,484 1,245,286
Creditors: Amounts Falling Due Within One Year 7 (1,844,397 ) (1,869,527 )
NET CURRENT ASSETS (LIABILITIES) 197,087 (624,241 )
TOTAL ASSETS LESS CURRENT LIABILITIES 198,820 60,773
NET ASSETS 198,820 60,773
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 66,719 -
Income Statement 132,001 60,673
SHAREHOLDERS' FUNDS 198,820 60,773
For the year ending 31 August 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 her 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
Miss Sylvia Farago
Director
29 August 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Ride The Lighting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10327306 . The registered office is Suite 2a, 7th Floor, City Reach, 5 Greenwich View Place, London, E14 9NN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Consolidation
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
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 0% Depreciation
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. 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 year 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.

2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, excluding directors, during the year was: NIL (2023: NIL)
- -
Page 2
Page 3
4. Tangible Assets
Land & Property
Leasehold
£
Cost or Valuation
As at 1 September 2023 683,281
Disposals (750,000 )
Revaluation 66,719
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 683,281
5. Investments
Unlisted
£
Cost
As at 1 September 2023 1,733
As at 31 August 2024 1,733
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 1,733
As at 1 September 2023 1,733
On 26 September 2019, the company purchased 86% of the Ordinary Share capital of Farago Projects SAS, a company incorporated in France. 
On 1 April 2022 the company purchased 100% of the 1000 $0.01 issued share capital of Farago Projects Inc, a company incorporated in the United States, on the same day.
On 1 June 2023 the company purchased 100% of the 100 £1 issued share capital of Farago Property Ltd, a company incorporated in England on the same day.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 390
Prepayments and accrued income - 1,751
Amounts owed by group undertakings 750,858 958
750,858 3,099
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 23,776 -
VAT 4,000 260
Other creditors - 100
Amounts owed to group undertakings 1,816,621 1,869,167
1,844,397 1,869,527
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 1.00 each 100 100
9. Reserves
Revaluation Reserve
£
Surplus on revaluation 66,719
As at 31 August 2024 66,719
10. Related Party Transactions
Farago Projects LtdThe company controls Farago Projects LtdDuring the year Farago Projects Ltd paid £7,982 (2023: £12,942) VAT on behalf of Ride The Lighting Ltd. Ride The Lighting Ltd paid £60,528 (2023: £47,961) costs for Farago Projects Ltd. Farago Projects Ltd provided £nil (2023: £1,200,000) financial assistance to Ride the Lighting Ltd. At the year end Ride The Lighting Ltd owed Farago Projects Ltd £1,816,621 (2023: £1,869,167).

Farago Projects Ltd

The company controls Farago Projects Ltd

During the year Farago Projects Ltd paid £7,982 (2023: £12,942) VAT on behalf of Ride The Lighting Ltd. Ride The Lighting Ltd paid £60,528 (2023: £47,961) costs for Farago Projects Ltd. Farago Projects Ltd provided £nil (2023: £1,200,000) financial assistance to Ride the Lighting Ltd. At the year end Ride The Lighting Ltd owed Farago Projects Ltd £1,816,621 (2023: £1,869,167).

Farago Property LtdThe company controls Farago Property LtdDuring the year, the company revalued a property and subsequently transferred it to Farago Property Ltd for a consideration of £750,000, which represents the revalued amount. The revaluation was carried out in accordance with the company’s accounting policy on property valuations. At year end Farago Property Ltd owed Ride The Lighting Ltd £749,900.

Farago Property Ltd

The company controls Farago Property Ltd

During the year, the company revalued a property and subsequently transferred it to Farago Property Ltd for a consideration of £750,000, which represents the revalued amount. The revaluation was carried out in accordance with the company’s accounting policy on property valuations. At year end Farago Property Ltd owed Ride The Lighting Ltd £749,900.

Page 4