Acorah Software Products - Accounts Production 16.5.460 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 04502486 Mr P S Edwards Mr S A Edwards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04502486 2024-05-31 04502486 2025-05-31 04502486 2024-06-01 2025-05-31 04502486 frs-core:CurrentFinancialInstruments 2025-05-31 04502486 frs-core:Non-currentFinancialInstruments 2025-05-31 04502486 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-05-31 04502486 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 04502486 frs-core:RevaluationReserve 2024-05-31 04502486 frs-core:RevaluationReserve 2025-05-31 04502486 frs-core:ShareCapital 2025-05-31 04502486 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 04502486 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 04502486 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 04502486 frs-bus:SmallEntities 2024-06-01 2025-05-31 04502486 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 04502486 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 04502486 frs-bus:OrdinaryShareClass1 2024-06-01 2025-05-31 04502486 frs-bus:OrdinaryShareClass1 2025-05-31 04502486 frs-bus:Director1 2024-06-01 2025-05-31 04502486 frs-bus:Director2 2024-06-01 2025-05-31 04502486 frs-countries:EnglandWales 2024-06-01 2025-05-31 04502486 2023-05-31 04502486 2024-05-31 04502486 2023-06-01 2024-05-31 04502486 frs-core:CurrentFinancialInstruments 2024-05-31 04502486 frs-core:Non-currentFinancialInstruments 2024-05-31 04502486 frs-core:RevaluationReserve 2024-05-31 04502486 frs-core:ShareCapital 2024-05-31 04502486 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 04502486 frs-bus:OrdinaryShareClass1 2023-06-01 2024-05-31
Registered number: 04502486
RPS Property Management Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04502486
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 675,000 675,000
675,000 675,000
CURRENT ASSETS
Debtors 6 2,638 1,596
Cash at bank and in hand 14,201 4,499
16,839 6,095
Creditors: Amounts Falling Due Within One Year 7 (70,423 ) (218,918 )
NET CURRENT ASSETS (LIABILITIES) (53,584 ) (212,823 )
TOTAL ASSETS LESS CURRENT LIABILITIES 621,416 462,177
Creditors: Amounts Falling Due After More Than One Year 8 (446,247 ) (308,188 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,581 ) (10,581 )
NET ASSETS 164,588 143,408
CAPITAL AND RESERVES
Called up share capital 10 4 4
Revaluation reserve 11 45,109 45,109
Profit and Loss Account 119,475 98,295
SHAREHOLDERS' FUNDS 164,588 143,408
Page 1
Page 2
For the year ending 31 May 2025 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 P S Edwards
Director
22 September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
RPS Property Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04502486 . The registered office is Unit 5a Tilcon Avenue, Stafford, ST18 0YJ.
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.
Rent receivable
Rental income from operating leases net of any incentives given to the lessees is recognised on a stright line basis over the term of the lease.
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:
2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.  
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements.  Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.5. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2.6. Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
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4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 June 2024 675,000
As at 31 May 2025 675,000
Net Book Value
As at 31 May 2025 675,000
As at 1 June 2024 675,000
5. Investment Property
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 619,310 619,310
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 712 -
Prepayments and accrued income 785 1,174
VAT 1,141 422
2,638 1,596
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 7,713 21,037
Bank loans and overdrafts 31,401 170,862
Corporation tax 5,477 4,220
Other creditors 1,000 1,000
Accruals and deferred income 24,832 21,799
70,423 218,918
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 196,247 88,188
Amounts owed to associates 250,000 220,000
446,247 308,188
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9. Secured Creditors
Bank loans totalling £227,648 (2024 £259,050) are secured by a debenture and a charge over the freehold property held by the company.
2025 2024
£ £
Bank loans and overdrafts 227,648 259,050
10. Share Capital
2025 2024
Allotted, called up and fully paid £ £
4 Ordinary Shares of £ 1.00 each 4 4
11. Reserves
Revaluation Reserve
£
As at 1 June 2024 45,109
As at 31 May 2025 45,109
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