Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 10854137 William Porterfield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10854137 2022-07-31 10854137 2023-07-31 10854137 2022-08-01 2023-07-31 10854137 frs-core:CurrentFinancialInstruments 2023-07-31 10854137 frs-core:Non-currentFinancialInstruments 2023-07-31 10854137 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 10854137 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 10854137 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-31 10854137 frs-core:RevaluationReserve 2022-08-01 2023-07-31 10854137 frs-core:RevaluationReserve 2022-07-31 10854137 frs-core:RevaluationReserve 2023-07-31 10854137 frs-core:ShareCapital 2023-07-31 10854137 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10854137 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10854137 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 10854137 frs-bus:SmallEntities 2022-08-01 2023-07-31 10854137 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10854137 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10854137 frs-bus:Director1 2022-08-01 2023-07-31 10854137 frs-core:CurrentFinancialInstruments 2 2023-07-31 10854137 frs-core:Non-currentFinancialInstruments 2 2023-07-31 10854137 frs-core:Non-currentFinancialInstruments 3 2023-07-31 10854137 frs-countries:EnglandWales 2022-08-01 2023-07-31 10854137 2021-07-31 10854137 2022-07-31 10854137 2021-08-01 2022-07-31 10854137 frs-core:CurrentFinancialInstruments 2022-07-31 10854137 frs-core:Non-currentFinancialInstruments 2022-07-31 10854137 frs-core:RevaluationReserve 2022-07-31 10854137 frs-core:ShareCapital 2022-07-31 10854137 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 10854137 frs-core:CurrentFinancialInstruments 1 2022-07-31 10854137 frs-core:CurrentFinancialInstruments 2 2022-07-31 10854137 frs-core:Non-currentFinancialInstruments 2 2022-07-31 10854137 frs-core:Non-currentFinancialInstruments 3 2022-07-31
Registered number: 10854137
Wp Property Investments Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Swift Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10854137
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 965,000 499,085
965,000 499,085
CURRENT ASSETS
Debtors 5 6,717 7,319
Cash at bank and in hand 57,587 68,446
64,304 75,765
Creditors: Amounts Falling Due Within One Year 6 (169,795 ) (123,991 )
NET CURRENT ASSETS (LIABILITIES) (105,491 ) (48,226 )
TOTAL ASSETS LESS CURRENT LIABILITIES 859,509 450,859
Creditors: Amounts Falling Due After More Than One Year 7 (726,788 ) (440,250 )
NET ASSETS 132,721 10,609
CAPITAL AND RESERVES
Called up share capital 8 1 1
Revaluation reserve 9 258,915 58,000
Profit and Loss Account (126,195 ) (47,392 )
SHAREHOLDERS' FUNDS 132,721 10,609
Page 1
Page 2
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 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
William Porterfield
Director
15/04/2024
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
Wp Property Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10854137 . The registered office is Swift Accountants, 3 Chowley Court, Chowley Oak Business Park, Boleworth Estates, Chester, Cheshire, CH3 9GA.
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:
Freehold nil
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
Land & Property
Freehold
£
Cost or Valuation
As at 1 August 2022 499,085
Additions 265,000
Revaluation 200,915
As at 31 July 2023 965,000
Net Book Value
As at 31 July 2023 965,000
As at 1 August 2022 499,085
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 449
Deposit for Property - 6,300
Front Foot Loan 6,717 -
Other taxes and social security - 570
6,717 7,319
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1 1
Director's loan account 169,794 123,990
169,795 123,991
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 346,347 440,250
Landbay Loan 280,991 -
Lendinvest BTI ltd 99,450 -
726,788 440,250
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Page 5
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Reserves
Revaluation Reserve
£
As at 1 August 2022 58,000
Net investment property revaluation reserve 200,915
As at 31 July 2023 258,915
Page 5