Acorah Software Products - Accounts Production 14.6.300 false true true false 29 March 2023 31 March 2024 31 March 2024 14766910 Mr Robert Stewart Ms Helen Lane true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14766910 2023-03-28 14766910 2024-03-31 14766910 2023-03-29 2024-03-31 14766910 frs-core:CurrentFinancialInstruments 2024-03-31 14766910 frs-core:FurnitureFittings 2024-03-31 14766910 frs-core:FurnitureFittings 2023-03-29 2024-03-31 14766910 frs-core:FurnitureFittings 2023-03-28 14766910 frs-core:ShareCapital 2024-03-31 14766910 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14766910 frs-bus:PrivateLimitedCompanyLtd 2023-03-29 2024-03-31 14766910 frs-bus:FilletedAccounts 2023-03-29 2024-03-31 14766910 frs-bus:SmallEntities 2023-03-29 2024-03-31 14766910 frs-bus:AuditExempt-NoAccountantsReport 2023-03-29 2024-03-31 14766910 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-29 2024-03-31 14766910 1 2023-03-29 2024-03-31 14766910 frs-bus:Director1 2023-03-29 2024-03-31 14766910 frs-bus:Director2 2023-03-29 2024-03-31 14766910 frs-countries:EnglandWales 2023-03-29 2024-03-31
Registered number: 14766910
White Island Property Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Optimise Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14766910
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 2,184
Investment Properties 5 353,418
355,602
CURRENT ASSETS
Debtors 6 9,423
Cash at bank and in hand 9,577
19,000
Creditors: Amounts Falling Due Within One Year 7 (395,759 )
NET CURRENT ASSETS (LIABILITIES) (376,759 )
TOTAL ASSETS LESS CURRENT LIABILITIES (21,157 )
NET LIABILITIES (21,157 )
CAPITAL AND RESERVES
Called up share capital 8 4
Profit and Loss Account (21,161 )
SHAREHOLDERS' FUNDS (21,157)
Page 1
Page 2
For the year ending 31 March 2024 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 Robert Stewart
Director
27/07/2024
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
White Island Property Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14766910 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Fixtures & Fittings 20% RBM
2.5. 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: 2
2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 29 March 2023 -
Additions 2,250
As at 31 March 2024 2,250
Depreciation
As at 29 March 2023 -
Provided during the period 66
As at 31 March 2024 66
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 2,184
As at 29 March 2023 -
5. Investment Property
2024
£
Fair Value
As at 29 March 2023 -
Additions 353,418
As at 31 March 2024 353,418
6. Debtors
2024
£
Due within one year
Other debtors 9,423
7. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 1,639
Other creditors 394,120
395,759
8. Share Capital
2024
£
Allotted, Called up and fully paid 4
9. Ultimate Controlling Party
There is no ultimate controlling party due to both shareholders owning equal proportions of the share capital.
Page 4