Acorah Software Products - Accounts Production 19.2.450 false true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 NI676571 Mr Steven Stewart Mrs Nicola Stewart iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI676571 2024-08-31 NI676571 2025-08-31 NI676571 2024-09-01 2025-08-31 NI676571 frs-core:CurrentFinancialInstruments 2025-08-31 NI676571 frs-core:PlantMachinery 2025-08-31 NI676571 frs-core:PlantMachinery 2024-09-01 2025-08-31 NI676571 frs-core:PlantMachinery 2024-08-31 NI676571 frs-core:WithinOneYear 2025-08-31 NI676571 frs-core:ShareCapital 2025-08-31 NI676571 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 NI676571 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 NI676571 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 NI676571 frs-bus:SmallEntities 2024-09-01 2025-08-31 NI676571 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 NI676571 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 NI676571 frs-bus:Director1 2024-09-01 2025-08-31 NI676571 frs-bus:Director2 2024-09-01 2025-08-31 NI676571 frs-countries:NorthernIreland 2024-09-01 2025-08-31 NI676571 2023-08-31 NI676571 2024-08-31 NI676571 2023-09-01 2024-08-31 NI676571 frs-core:CurrentFinancialInstruments 2024-08-31 NI676571 frs-core:WithinOneYear 2024-08-31 NI676571 frs-core:ShareCapital 2024-08-31 NI676571 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: NI676571
Valleyside Developments Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
RWCA LTD
19 Magheralave Park North
Lisburn
Co Antrim
BT28 3NL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI676571
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 109,830 145,742
Investment Properties 5 195,022 67,989
304,852 213,731
CURRENT ASSETS
Debtors 6 95,562 190,505
Cash at bank and in hand 231,220 385,705
326,782 576,210
Creditors: Amounts Falling Due Within One Year 7 (332,457 ) (412,364 )
NET CURRENT ASSETS (LIABILITIES) (5,675 ) 163,846
TOTAL ASSETS LESS CURRENT LIABILITIES 299,177 377,577
NET ASSETS 299,177 377,577
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 299,167 377,567
SHAREHOLDERS' FUNDS 299,177 377,577
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For the year ending 31 August 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 Steven Stewart
Director
20/05/2026
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
Valleyside Developments Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI676571 . The registered office is 158 Upper Newtownards Road, Belfast, BT4 3EQ.
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:
Plant & Machinery 20% straight line
2.4. 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.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
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 tax for the year is recognised in profit or loss.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2024 179,563
As at 31 August 2025 179,563
Depreciation
As at 1 September 2024 33,821
Provided during the period 35,912
As at 31 August 2025 69,733
Net Book Value
As at 31 August 2025 109,830
As at 1 September 2024 145,742
5. Investment Property
2025
£
Fair Value
As at 1 September 2024 67,989
Additions 127,033
As at 31 August 2025 195,022
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 95,562 190,505
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 15,874 28,167
Trade creditors 540 192
Amounts owed to participating interests 313,539 323,539
Other creditors 2,504 2,170
Taxation and social security - 58,296
332,457 412,364
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8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,874 28,167
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
10. Related Party Transactions
'Amounts owed to participating interests' relates to monies owed to Valleyside Construction Ltd, a company of which Steven Stewart is a director and 50% shareholder.
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