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Registered number: NI617477
The Rockcastle Partnership Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
RBCA Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: NI617477
2025 2024
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 387,216 454,558
Cash at bank and in hand 119,479 94,043
506,695 548,601
Creditors: Amounts Falling Due Within One Year 6 (412,655 ) (446,709 )
NET CURRENT ASSETS (LIABILITIES) 94,040 101,892
TOTAL ASSETS LESS CURRENT LIABILITIES 94,040 101,892
Creditors: Amounts Falling Due After More Than One Year 7 (4,407 ) (11,900 )
NET ASSETS 89,633 89,992
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 89,623 89,982
SHAREHOLDERS' FUNDS 89,633 89,992
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 William Waring
Director
24/12/2025
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
The Rockcastle Partnership Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI617477 . The registered office is The Cedars, 11 Avonvale, Belfast, County Antrim, BT4 2WA.
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 comprises the fair value of the consideration received or receivable for the sale of goods
and provision of services in the ordinary course of the company’s activities. Turnover is shown net of
sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
2.3. 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.
2.4. Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
2.5. Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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Page 3
2.6. Investments
Interests in subsidiaries, associates or jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has power to participate in the financial and operating decisions of the associate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2024 25
As at 31 March 2025 25
Provision
As at 1 April 2024 25
As at 31 March 2025 25
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 360,180 406,930
Prepayments and accrued income 20,035 43,627
Directors' loan accounts 7,001 4,001
387,216 454,558
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other loans 7,136 7,408
Corporation tax 5,054 6,452
Other creditors 88,636 88,482
Accruals and deferred income 4,701 2,239
Directors' loan accounts 307,128 342,128
412,655 446,709
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 4,407 11,900
Page 3
Page 4
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Simon Waring 4,001 (2,000 ) 5,000 - (7,001 )
Mr William Waring (320,129 ) (12,000 ) 47,000 - 285,129
Mr Janis Waring (21,999 ) (2,000 ) 2,000 - 21,999
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
WMLK Limited, which the company has a shareholding in, is owed by the company £59,037 (2024: £58,885)
Page 4