Acorah Software Products - Accounts Production 15.0.500 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 10993651 Mr Frederick Ortiz Mrs Sharon Ortiz iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10993651 2022-09-30 10993651 2023-09-30 10993651 2022-10-01 2023-09-30 10993651 frs-core:CurrentFinancialInstruments 2023-09-30 10993651 frs-core:Non-currentFinancialInstruments 2023-09-30 10993651 frs-core:InvestmentPropertyIncludedWithinPPE 2023-09-30 10993651 frs-core:InvestmentPropertyIncludedWithinPPE 2022-09-30 10993651 frs-core:ShareCapital 2023-09-30 10993651 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 10993651 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10993651 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 10993651 frs-bus:SmallEntities 2022-10-01 2023-09-30 10993651 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 10993651 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 10993651 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-09-30 10993651 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-30 10993651 frs-bus:Director1 2022-10-01 2023-09-30 10993651 frs-bus:Director2 2022-10-01 2023-09-30 10993651 frs-countries:EnglandWales 2022-10-01 2023-09-30 10993651 2021-09-30 10993651 2022-09-30 10993651 2021-10-01 2022-09-30 10993651 frs-core:CurrentFinancialInstruments 2022-09-30 10993651 frs-core:Non-currentFinancialInstruments 2022-09-30 10993651 frs-core:ShareCapital 2022-09-30 10993651 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30 10993651 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-09-30
Registered number: 10993651
Wingate Property Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Passman Leonard Associates Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10993651
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 250,000 250,000
250,000 250,000
Creditors: Amounts Falling Due Within One Year 5 (2,244 ) (2,142 )
NET CURRENT ASSETS (LIABILITIES) (2,244 ) (2,142 )
TOTAL ASSETS LESS CURRENT LIABILITIES 247,756 247,858
Creditors: Amounts Falling Due After More Than One Year 6 (217,606 ) (214,061 )
NET ASSETS 30,150 33,797
CAPITAL AND RESERVES
Called up share capital 7 20 20
Fair Value Reserve 8 39,331 39,331
Profit and Loss Account (9,201 ) (5,554 )
SHAREHOLDERS' FUNDS 30,150 33,797
For the year ending 30 September 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
Mr Frederick Ortiz
Director
31 July 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Wingate Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10993651 . The registered office is 103 Perry Vale, Lewisham, London, SE23 2NJ.
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:
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:
2023 2022
Office and administration 2 2
2 2
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 October 2022 250,000
As at 30 September 2023 250,000
Net Book Value
As at 30 September 2023 250,000
As at 1 October 2022 250,000
The investment property was revalued as at 30th September 2023, on an open market basis by the director of the company. The historical cost of the property included at a valuation of £250,000 (2022 - £250,000) was £210,669 (2022 - £210,669). 
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Page 3
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 1,122 1,020
Accruals and deferred income 1,122 1,122
2,244 2,142
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 155,101 153,000
Directors loan account 62,505 61,061
217,606 214,061
The bank loan is secured against the investment property. 
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 20 20
8. Reserves
Fair Value Reserve
£
As at 1 October 2022 39,331
As at 30 September 2023 39,331
Page 3