Acorah Software Products - Accounts Production 14.5.501 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 12078219 Ms Abigail Hole Mr Luca Blasi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12078219 2022-07-31 12078219 2023-07-31 12078219 2022-08-01 2023-07-31 12078219 frs-core:CurrentFinancialInstruments 2023-07-31 12078219 frs-core:Non-currentFinancialInstruments 2023-07-31 12078219 frs-core:FurnitureFittings 2023-07-31 12078219 frs-core:FurnitureFittings 2022-08-01 2023-07-31 12078219 frs-core:FurnitureFittings 2022-07-31 12078219 frs-core:InvestmentPropertyIncludedWithinPPE 2023-07-31 12078219 frs-core:InvestmentPropertyIncludedWithinPPE 2022-07-31 12078219 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 12078219 frs-core:ShareCapital 2023-07-31 12078219 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12078219 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12078219 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 12078219 frs-bus:SmallEntities 2022-08-01 2023-07-31 12078219 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12078219 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12078219 frs-bus:Director1 2022-08-01 2023-07-31 12078219 frs-bus:Director2 2022-08-01 2023-07-31 12078219 frs-countries:EnglandWales 2022-08-01 2023-07-31 12078219 2021-07-31 12078219 2022-07-31 12078219 2021-08-01 2022-07-31 12078219 frs-core:CurrentFinancialInstruments 2022-07-31 12078219 frs-core:Non-currentFinancialInstruments 2022-07-31 12078219 frs-core:ShareCapital 2022-07-31 12078219 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 12078219
Writer Retreats Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12078219
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 404,781 404,801
404,781 404,801
CURRENT ASSETS
Debtors 5 850 -
Cash at bank and in hand 31,657 20,350
32,507 20,350
Creditors: Amounts Falling Due Within One Year 6 (5,032 ) (4,380 )
NET CURRENT ASSETS (LIABILITIES) 27,475 15,970
TOTAL ASSETS LESS CURRENT LIABILITIES 432,256 420,771
Creditors: Amounts Falling Due After More Than One Year 7 (469,080 ) (448,073 )
NET LIABILITIES (36,824 ) (27,302 )
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account (37,824 ) (28,302 )
SHAREHOLDERS' FUNDS (36,824) (27,302)
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For the year ending 31 July 2023 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
Ms Abigail Hole
Director
Mr Luca Blasi
Director
08/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Writer Retreats Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12078219 . The registered office is 85 Great Portland Street, First Floor, London, W1W 7LT.
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 company has net liabilities of £36,824 (2023: £27,302) at the year end. The directors and shareholders will support the company to run as going concern.
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:
Leasehold No depreciation
Fixtures & Fittings 25% reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2022 403,438 1,818 405,256
Additions - 428 428
As at 31 July 2023 403,438 2,246 405,684
Depreciation
As at 1 August 2022 - 455 455
Provided during the period - 448 448
As at 31 July 2023 - 903 903
Net Book Value
As at 31 July 2023 403,438 1,343 404,781
As at 1 August 2022 403,438 1,363 404,801
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 850 -
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 1,400 1,400
Other taxes and social security 689 -
Other creditors 2,706 2,980
Directors' loan accounts 237 -
5,032 4,380
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 290,071 262,165
Other creditors 179,009 185,908
469,080 448,073
The bank loans are secured by a legal charge over the investment properties owned by Writer Retreats Ltd of £286,454 (2022: £257,149). Interest is payable on the principal amount of loan.
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Related Party Transactions
Included in other creditors (Amounts Falling Due After More Than One Year) the amount of £179,009 (2022: £185,909) due to the related parties as at the year end.
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