Acorah Software Products - Accounts Production 19.3.600 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 10059030 A Epaminondas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10059030 2024-03-31 10059030 2025-03-31 10059030 2024-04-01 2025-03-31 10059030 frs-core:CurrentFinancialInstruments 2025-03-31 10059030 frs-core:Non-currentFinancialInstruments 2025-03-31 10059030 frs-core:RevaluationReserve 2024-03-31 10059030 frs-core:RevaluationReserve 2025-03-31 10059030 frs-core:ShareCapital 2025-03-31 10059030 frs-core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 10059030 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-03-31 10059030 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10059030 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10059030 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10059030 frs-bus:SmallEntities 2024-04-01 2025-03-31 10059030 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10059030 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10059030 frs-bus:Director1 2024-04-01 2025-03-31 10059030 frs-countries:EnglandWales 2024-04-01 2025-03-31 10059030 2023-03-31 10059030 2024-03-31 10059030 2023-04-01 2024-03-31 10059030 frs-core:CurrentFinancialInstruments 2024-03-31 10059030 frs-core:Non-currentFinancialInstruments 2024-03-31 10059030 frs-core:RevaluationReserve 2024-03-31 10059030 frs-core:ShareCapital 2024-03-31 10059030 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10059030
Rafia Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10059030
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 4,863,300 4,703,300
4,863,300 4,703,300
CURRENT ASSETS
Debtors 5 45,000 9,999
Cash at bank and in hand 63,368 40,589
108,368 50,588
Creditors: Amounts Falling Due Within One Year 6 (1,671,642 ) (1,696,711 )
NET CURRENT ASSETS (LIABILITIES) (1,563,274 ) (1,646,123 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,300,026 3,057,177
Creditors: Amounts Falling Due After More Than One Year 7 (2,749,752 ) (2,518,109 )
NET ASSETS 550,274 539,068
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 790,583 790,583
Profit and Loss Account (240,409 ) (251,615 )
SHAREHOLDERS' FUNDS 550,274 539,068
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
A Epaminondas
Director
13/08/2026
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
Rafia Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10059030 . The registered office is Woodgate House, 2-8 Games Road, Cockfosters, Hertfordshire, EN49HN.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Investment Property
2025
£
Fair Value
As at 1 April 2024 4,703,300
Additions 160,000
As at 31 March 2025 4,863,300
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 45,000 9,999
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 144 -
Other creditors 15,566 11,846
Accruals and deferred income 2,500 2,500
Director's loan account 1,653,432 1,682,365
1,671,642 1,696,711
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,749,752 2,518,109
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 April 2024 790,583 (251,615 )
Profit for the year and total comprehensive income - 11,206
As at 31 March 2025 790,583 (240,409 )
Page 4