Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11735337 Damien Finnegan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11735337 2022-12-31 11735337 2023-12-31 11735337 2023-01-01 2023-12-31 11735337 frs-core:CurrentFinancialInstruments 2023-12-31 11735337 frs-core:Non-currentFinancialInstruments 2023-12-31 11735337 frs-core:ShareCapital 2023-12-31 11735337 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11735337 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11735337 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11735337 frs-bus:SmallEntities 2023-01-01 2023-12-31 11735337 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11735337 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11735337 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 11735337 frs-bus:OrdinaryShareClass1 2023-12-31 11735337 frs-core:DeferredTaxation 2023-01-01 2023-12-31 11735337 frs-core:DeferredTaxation 2022-12-31 11735337 frs-core:DeferredTaxation 2023-12-31 11735337 frs-bus:Director1 2023-01-01 2023-12-31 11735337 frs-countries:EnglandWales 2023-01-01 2023-12-31 11735337 2021-12-31 11735337 2022-12-31 11735337 2022-01-01 2022-12-31 11735337 frs-core:CurrentFinancialInstruments 2022-12-31 11735337 frs-core:Non-currentFinancialInstruments 2022-12-31 11735337 frs-core:ShareCapital 2022-12-31 11735337 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 11735337 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31
Registered number: 11735337
Wilmot Place W7 Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Unaudited Financial Statements
Contents
Page
Company Information 1
Accountants' Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—8
Page 1
Company Information
Director Damien Finnegan
Company Number 11735337
Registered Office Boundary House Business Centre
Suite 201
London
W7 2QE
Accountants Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Page 1
Page 2
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Wilmot Place W7 Limited For The Year Ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wilmot Place W7 Limited For The Year Ended 31 December 2023 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Wilmot Place W7 Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Wilmot Place W7 Limited and state those matters that we have agreed to state to the director of Wilmot Place W7 Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wilmot Place W7 Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Wilmot Place W7 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Wilmot Place W7 Limited . You consider that Wilmot Place W7 Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Wilmot Place W7 Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
12/08/2024
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Page 2
Page 3
Statement of Financial Position
Registered number: 11735337
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 20,916 17,078
Debtors 5 25,292 35,665
Cash at bank and in hand 8,053 41
54,261 52,784
Creditors: Amounts Falling Due Within One Year 6 (40,209 ) (28,264 )
NET CURRENT ASSETS (LIABILITIES) 14,052 24,520
TOTAL ASSETS LESS CURRENT LIABILITIES 14,052 24,520
Creditors: Amounts Falling Due After More Than One Year 7 (16,518 ) (26,615 )
NET LIABILITIES (2,466 ) (2,095 )
CAPITAL AND RESERVES
Called up share capital 9 10 10
Income Statement (2,476 ) (2,105 )
SHAREHOLDERS' FUNDS (2,466) (2,095)
Page 3
Page 4
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 Income Statement.
On behalf of the board
Damien Finnegan
Director
12/08/2024
The notes on pages 5 to 8 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Wilmot Place W7 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11735337 . The registered office is Boundary House Business Centre, Suite 201, London, W7 2QE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
The company has full support from its Directors and therefore is deemed a going concern.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
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.
...CONTINUED
Page 5
Page 6
2.4. Financial Instruments - continued
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or 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 previously been recognised.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Stocks
2023 2022
£ £
Work in progress 20,916 17,078
Page 6
Page 7
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 24,710 35,510
Deferred tax current asset 582 155
25,292 35,665
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 10,094 9,849
Other creditors 30,115 18,415
40,209 28,264
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 16,518 26,615
16,518 26,615
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2023 (155 ) (155)
Deferred taxation (427 ) (427 )
Balance at 31 December 2023 (582 ) (582)
9. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 0.10 each 10 10
Page 7
Page 8
10. Related Party Transactions
At the year end £30,115 (2022: £18,415) was owed to Square Inch Holdings Ltd, a company in which Damien Finnegan and Natalie Finnegan are directors. The balanace is included within other creditors.
At the year end £24,700 (2022: £35,500) was owed by Square Inch Group Limited, a company in which Damien Finnegan and Natalie Finnegan are directors. The balanace is included within other debtors.
Page 8