Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 6 March 2023 false 1 April 2024 31 March 2025 31 March 2025 14707079 Mr Joshua Rewcastle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14707079 2024-03-31 14707079 2025-03-31 14707079 2024-04-01 2025-03-31 14707079 frs-core:CurrentFinancialInstruments 2025-03-31 14707079 frs-core:Non-currentFinancialInstruments 2025-03-31 14707079 frs-core:ShareCapital 2025-03-31 14707079 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 14707079 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14707079 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 14707079 frs-bus:SmallEntities 2024-04-01 2025-03-31 14707079 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 14707079 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 14707079 frs-bus:Director1 2024-04-01 2025-03-31 14707079 frs-countries:EnglandWales 2024-04-01 2025-03-31 14707079 2023-03-05 14707079 2024-03-31 14707079 2023-03-06 2024-03-31 14707079 frs-core:CurrentFinancialInstruments 2024-03-31 14707079 frs-core:Non-currentFinancialInstruments 2024-03-31 14707079 frs-core:ShareCapital 2024-03-31 14707079 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 14707079
Rewcastle Homes Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Athena Accountants & Business Advisors Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14707079
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 436,705 202,892
436,705 202,892
CURRENT ASSETS
Cash at bank and in hand 2,012 849
2,012 849
Creditors: Amounts Falling Due Within One Year 5 (156,011 ) (74,645 )
NET CURRENT ASSETS (LIABILITIES) (153,999 ) (73,796 )
TOTAL ASSETS LESS CURRENT LIABILITIES 282,706 129,096
Creditors: Amounts Falling Due After More Than One Year 6 (280,860 ) (130,209 )
NET ASSETS/(LIABILITIES) 1,846 (1,113 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 1,845 (1,114 )
SHAREHOLDERS' FUNDS 1,846 (1,113)
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 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 Joshua Rewcastle
Director
08/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rewcastle Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14707079 . The registered office is 34 Aldworth Avenue, Wantage, OX12 7EJ.
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.
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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Investment Property
31 March 2025
£
Fair Value
As at 1 April 2024 202,892
Additions 233,813
As at 31 March 2025 436,705
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5. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Bank loans and overdrafts 22,975 11,312
Corporation tax 433 -
Accruals and deferred income - 264
Director's loan account 63,603 62,069
Intercompany Loan - JT Finance Ltd 69,000 1,000
156,011 74,645
6. Creditors: Amounts Falling Due After More Than One Year
31 March 2025 31 March 2024
£ £
Bank loans 280,860 130,209
The loan relates to a 23 year fixed rate loan, repayable at 7.4% APRC with The Mortgage Works, which is secured against the property at 2 Shears Court.
The loan relates to a 30 year fixed rate loan, repayable at 7.4% ARPC with Nottingham Building Society, which is secured against the property at 10 Eastbury Court.
7. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 1 1
8. Related Party Transactions
The Intercompany Loan of £69,000 (2024: £1,000) owing to Joshua Thomas Finance Ltd is non-interest bearing and repayable when cashflow permits.
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