Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09268541 Mr Alexander Wolters Mr Alex Wolters true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09268541 2022-12-31 09268541 2023-12-31 09268541 2023-01-01 2023-12-31 09268541 frs-core:CurrentFinancialInstruments 2023-12-31 09268541 frs-core:ShareCapital 2023-12-31 09268541 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09268541 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09268541 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09268541 frs-bus:SmallEntities 2023-01-01 2023-12-31 09268541 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09268541 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09268541 1 2023-01-01 2023-12-31 09268541 frs-core:UnlistedNon-exchangeTraded 2023-12-31 09268541 frs-core:UnlistedNon-exchangeTraded 2022-12-31 09268541 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 09268541 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09268541 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 09268541 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 09268541 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09268541 frs-bus:Director1 2023-01-01 2023-12-31 09268541 frs-countries:EnglandWales 2023-01-01 2023-12-31 09268541 2021-12-31 09268541 2022-12-31 09268541 2022-01-01 2022-12-31 09268541 frs-core:CurrentFinancialInstruments 2022-12-31 09268541 frs-core:ShareCapital 2022-12-31 09268541 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09268541
Watego UK Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09268541
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 101 201
101 201
CURRENT ASSETS
Debtors 5 5,943 26,495
Cash at bank and in hand 573 3,195
6,516 29,690
Creditors: Amounts Falling Due Within One Year 6 (4,148 ) (4,205 )
NET CURRENT ASSETS (LIABILITIES) 2,368 25,485
TOTAL ASSETS LESS CURRENT LIABILITIES 2,469 25,686
NET ASSETS 2,469 25,686
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account 2,269 25,486
SHAREHOLDERS' FUNDS 2,469 25,686
Page 1
Page 2
For the year ending 31 December 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
Mr Alexander Wolters
Director
30th April 2024
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
Watego UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09268541 . The registered office is Castle House, Castle Street, Guildford, Surrey, GU1 3UW.
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investments
Unlisted
£
Cost
As at 1 January 2023 201
Disposals (100 )
As at 31 December 2023 101
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 101
As at 1 January 2023 201
The company's investments at the Balance Sheet date in the share capital of companies include the following: 
Watego Solutions Ltd
Nature of business: Holding Company
Class of shares: Ordinary
Holding: 100%
Investments in subsidiary undertakings are recognised at cost less accumulated impairment losses.
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5. Debtors
2023 2022
£ £
Due within one year
Amounts owed by group undertakings 5,943 26,495
5,943 26,495
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Amounts owed to group undertakings 3,000 3,057
Other creditors 1,148 1,148
4,148 4,205
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
8. Related Party Transactions
Agora Private Markets Ltd: A connected company
Included in Creditors is £3,000 (2022: £3,000) owed to Agora Private Markets Ltd. This loan is unsecured, repayable on demand and non-interest bearing.
Dealingzone Ltd: A wholly owned subsidiary
During the period Dealingzone Ltd was dissolved. The share capital investment (£100) and a loan balance owed from Dealingzone Ltd of £26,802 have been written off through the profit and loss. 
Watego Solutions Ltd: A wholly owned subsidiary
During the period the company received dividends of £170,646 (2022: £56,181) from Watego Solutions Ltd.
Included in Debtors is £5,943 (2022: (£57)) owed by Watego Solutions Ltd. This loan is unsecured, repayable on demand and non-interest bearing.
During the period dividends totalling £164,621 (2022: £52,196) were paid to the directors.
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Alex Wolters by virtue of his ownership of 100% of the issued share capital in the company.
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