Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08189455 Mr Michael Ward iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08189455 2023-12-31 08189455 2024-12-31 08189455 2024-01-01 2024-12-31 08189455 frs-core:CurrentFinancialInstruments 2024-12-31 08189455 frs-core:ComputerEquipment 2024-12-31 08189455 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08189455 frs-core:ComputerEquipment 2023-12-31 08189455 frs-core:FurnitureFittings 2024-12-31 08189455 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08189455 frs-core:FurnitureFittings 2023-12-31 08189455 frs-core:ShareCapital 2024-12-31 08189455 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08189455 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08189455 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08189455 frs-bus:SmallEntities 2024-01-01 2024-12-31 08189455 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08189455 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08189455 frs-bus:Director1 2024-01-01 2024-12-31 08189455 frs-bus:Director1 2023-12-31 08189455 frs-bus:Director1 2024-12-31 08189455 frs-countries:EnglandWales 2024-01-01 2024-12-31 08189455 2022-12-31 08189455 2023-12-31 08189455 2023-01-01 2023-12-31 08189455 frs-core:CurrentFinancialInstruments 2023-12-31 08189455 frs-core:ShareCapital 2023-12-31 08189455 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08189455
Reality Check Systems Emea Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08189455
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 921 5,500
921 5,500
CURRENT ASSETS
Debtors 5 131,543 128,945
Cash at bank and in hand 231,774 395,266
363,317 524,211
Creditors: Amounts Falling Due Within One Year 6 (22,580 ) (11,404 )
NET CURRENT ASSETS (LIABILITIES) 340,737 512,807
TOTAL ASSETS LESS CURRENT LIABILITIES 341,658 518,307
NET ASSETS 341,658 518,307
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 341,648 518,297
SHAREHOLDERS' FUNDS 341,658 518,307
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 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 Michael Ward
Director
04/08/2025
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
Reality Check Systems Emea Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08189455 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
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. 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 33% Straight Line
Computer Equipment 33% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 2
Sales, marketing and distribution - 5
3 7
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 3,000 387,942 390,942
Disposals - (382,820 ) (382,820 )
As at 31 December 2024 3,000 5,122 8,122
Depreciation
As at 1 January 2024 3,000 382,442 385,442
Provided during the period - 2,784 2,784
Disposals - (381,025 ) (381,025 )
As at 31 December 2024 3,000 4,201 7,201
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 December 2024 - 921 921
As at 1 January 2024 - 5,500 5,500
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 41,422 39,393
Prepayments and accrued income 753 704
Other debtors 23,118 22,598
Corporation tax recoverable assets 16,250 16,250
Director's loan account 50,000 50,000
131,543 128,945
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 1,197 -
VAT 16,458 7,058
Other creditors 4,925 4,346
22,580 11,404
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Michael Ward 50,000 - - - 50,000
The above loan is unsecured, interest free and repayable on demand.
9. Related Party Transactions
Reality Check Solutions IncParent Company owns 100% of the share capitalCharge to Reality Check Systems EMEA Ltd of £1,082,184 (2023: £914,320)

Reality Check Solutions Inc

Parent Company owns 100% of the share capital

Charge to Reality Check Systems EMEA Ltd of £1,082,184 (2023: £914,320)

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