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Registered number: 2103027
Roup Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Beach Accountants Limited
Chartered Certified Accountants
10 Blue Sky Way
Monkton Business Park South
Hebburn
South Tyneside
NE31 2EQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 2103027
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 456,743 457,739
456,743 457,739
CURRENT ASSETS
Debtors 5 3,659 2,391
Cash at bank and in hand 660 957
4,319 3,348
Creditors: Amounts Falling Due Within One Year 6 (139,983 ) (147,996 )
NET CURRENT ASSETS (LIABILITIES) (135,664 ) (144,648 )
TOTAL ASSETS LESS CURRENT LIABILITIES 321,079 313,091
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (757 ) (947 )
NET ASSETS 320,322 312,144
CAPITAL AND RESERVES
Called up share capital 8 100 98
Profit and Loss Account 320,222 312,046
SHAREHOLDERS' FUNDS 320,322 312,144
Page 1
Page 2
For the year ending 31 March 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 Mohamed Shabilla
Director
02/10/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Roup Limited is a private company, limited by shares, incorporated in England & Wales, registered number 2103027 . The registered office is 154-156 Laygate, South Shields, Tyne and Wear, NE33 4JD.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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:
Freehold n/a
Fixtures & Fittings 20% Reducing Balance
The fair value of the Freehold Property has been evaluated by the director who is not a professionally qualified valuer. The valuation, was arrived at by reference to market evidence of transaction prices for similar properties in its location. After which it was concluded that no change was necessary to the value in the accounts.
2.4. 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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 2 2
2 2
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 452,757 42,063 494,820
As at 31 March 2025 452,757 42,063 494,820
Depreciation
As at 1 April 2024 - 37,081 37,081
Provided during the period - 996 996
As at 31 March 2025 - 38,077 38,077
Net Book Value
As at 31 March 2025 452,757 3,986 456,743
As at 1 April 2024 452,757 4,982 457,739
It should be noted that there are charges by financial institutions and individuals over the property of this company.
The fair value of the freehold property at the year end has been evaluated and carried out by the director who is not a
professionally qualified valuer. The valuation, was arrived at by reference to market evidence of transaction prices for
similar properties in its location, after which it was concluded that there was no necessary change to the value in the accounts.
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 3,560 2,292
Other debtors 99 99
3,659 2,391
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 11,059 13,869
Directors' loan accounts 128,924 134,127
139,983 147,996
The director's loan is interest free and repayable on demand.
Page 4
Page 5
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 757 947
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 98
Page 5