Acorah Software Products - Accounts Production 14.5.601 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 11494207 Mr Alex Windsor Mrs Sophie Windsor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11494207 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-08-31 11494207 2022-08-31 11494207 2023-08-31 11494207 2022-09-01 2023-08-31 11494207 frs-core:CurrentFinancialInstruments 2023-08-31 11494207 frs-core:Non-currentFinancialInstruments 2023-08-31 11494207 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-31 11494207 frs-core:InvestmentPropertyIncludedWithinPPE 2022-08-31 11494207 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 11494207 frs-core:ShareCapital 2023-08-31 11494207 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 11494207 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 11494207 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 11494207 frs-bus:SmallEntities 2022-09-01 2023-08-31 11494207 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 11494207 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 11494207 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-08-31 11494207 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31 11494207 frs-bus:Director1 2022-09-01 2023-08-31 11494207 frs-bus:Director2 2022-09-01 2023-08-31 11494207 frs-countries:EnglandWales 2022-09-01 2023-08-31 11494207 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-08-31 11494207 2021-08-31 11494207 2022-08-31 11494207 2021-09-01 2022-08-31 11494207 frs-core:CurrentFinancialInstruments 2022-08-31 11494207 frs-core:Non-currentFinancialInstruments 2022-08-31 11494207 frs-core:ShareCapital 2022-08-31 11494207 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31 11494207 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-08-31
Registered number: 11494207
AW Property Development Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
Fox Accountancy Services (Manchester) Ltd
238 Block Lane Chadderton
Oldham
OL9 7QB
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 11494207
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 295,000 301,000
295,000 301,000
CURRENT ASSETS
Debtors 5 332 763
Cash at bank and in hand 10,335 14,974
10,667 15,737
Creditors: Amounts Falling Due Within One Year 6 (87,713 ) (108,389 )
NET CURRENT ASSETS (LIABILITIES) (77,046 ) (92,652 )
TOTAL ASSETS LESS CURRENT LIABILITIES 217,954 208,348
Creditors: Amounts Falling Due After More Than One Year 7 (138,886 ) (123,572 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,095 ) (13,235 )
NET ASSETS 66,973 71,541
CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair Value Reserve 9 51,562 56,422
Income Statement 15,409 15,117
SHAREHOLDERS' FUNDS 66,973 71,541
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For the year ending 31 August 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 Income Statement.
On behalf of the board
Mr Alex Windsor
Director
23/04/2024
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
AW Property Development Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11494207 . The registered office is Corner Croft Hassall Road, Alsager, Stoke-On-Trent, ST7 2SJ.
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 receivable for the letting of investment property, net of discounts and Value Added Tax. Revenue is recognised in the income statement on a time basis over the period of the lease term.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initally recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset, as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in the profit or loss. A decrease in the carrying amount of an asset, as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset, as follows;
Freehold 0% straight line basis
2.4. Investment Properties
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date. Changes in fair value are recognised in the income statement.
2.5. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not being previously been recognised.
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2.6. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 September 2022 301,000
Revaluation (6,000)
As at 31 August 2023 295,000
Net Book Value
As at 31 August 2023 295,000
As at 1 September 2022 301,000
Investment Property
The investments properties shown above are freehold. The directors revalued the investment properties on 31 August 2023 and the resulting fair value adjustment is included within the total comprehensive income for that period.
If these properties were accounted for on the historic cost basis, then the cost and the net book value at 31 August 2023 would have been £231,343 (2022: £231,343).
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 540
Prepayments and accrued income 332 223
332 763
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 962
Bank loans and overdrafts 10,681 7,731
Corporation tax 69 25
Other taxes and social security 1,000 -
Accruals and deferred income 9,783 14,157
Directors' loan accounts 66,180 85,514
87,713 108,389
Bank loans of £10,681 (2022: £7,731) are secured by legal charges over the company's investment properties. 
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 138,886 123,572
138,886 123,572
The bank loans are secured by legal charges on the company's investment properties. 
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2023 2022
£ £
Bank loans 97,663 94,149
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
9. Reserves
Fair Value Reserve
£
As at 1 September 2022 56,422
Movements in fair value reserve (4,860)
As at 31 August 2023 51,562
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