Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09901499 Mrs Elizabeth Macdonald Mr William Macdonald iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09901499 2022-12-31 09901499 2023-12-31 09901499 2023-01-01 2023-12-31 09901499 frs-core:CurrentFinancialInstruments 2023-12-31 09901499 frs-core:Non-currentFinancialInstruments 2023-12-31 09901499 frs-core:ComputerEquipment 2023-12-31 09901499 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09901499 frs-core:ComputerEquipment 2022-12-31 09901499 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 09901499 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09901499 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 09901499 frs-core:MotorVehicles 2023-12-31 09901499 frs-core:MotorVehicles 2023-01-01 2023-12-31 09901499 frs-core:MotorVehicles 2022-12-31 09901499 frs-core:ShareCapital 2023-12-31 09901499 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09901499 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09901499 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09901499 frs-bus:SmallEntities 2023-01-01 2023-12-31 09901499 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09901499 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09901499 frs-core:UnlistedNon-exchangeTraded 2023-12-31 09901499 frs-core:UnlistedNon-exchangeTraded 2022-12-31 09901499 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 09901499 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 09901499 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 09901499 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09901499 frs-bus:Director1 2023-01-01 2023-12-31 09901499 frs-bus:Director2 2023-01-01 2023-12-31 09901499 frs-countries:EnglandWales 2023-01-01 2023-12-31 09901499 2021-12-31 09901499 2022-12-31 09901499 2022-01-01 2022-12-31 09901499 frs-core:CurrentFinancialInstruments 2022-12-31 09901499 frs-core:Non-currentFinancialInstruments 2022-12-31 09901499 frs-core:ShareCapital 2022-12-31 09901499 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09901499
WCL Estates Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09901499
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 558,941 567,465
Investments 5 200 200
559,141 567,665
CURRENT ASSETS
Debtors 6 14,532 -
Cash at bank and in hand 179,919 219,865
194,451 219,865
Creditors: Amounts Falling Due Within One Year 7 (11,642 ) (17,175 )
NET CURRENT ASSETS (LIABILITIES) 182,809 202,690
TOTAL ASSETS LESS CURRENT LIABILITIES 741,950 770,355
Creditors: Amounts Falling Due After More Than One Year 8 (553,000 ) (553,000 )
NET ASSETS 188,950 217,355
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 188,750 217,155
SHAREHOLDERS' FUNDS 188,950 217,355
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 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 William Macdonald
Director
4th September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
WCL Estates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09901499 . The registered office is Highfield House High Street, North Moreton, Didcot, Oxfordshire, OX11 9AT.
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:
Freehold Not depreciated
Motor Vehicles 25% Reducing balance
Computer Equipment 25% Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
Page 3
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4. Tangible Assets
Land & Property
Freehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 548,924 32,056 5,140 586,120
As at 31 December 2023 548,924 32,056 5,140 586,120
Depreciation
As at 1 January 2023 - 14,025 4,630 18,655
Provided during the period - 8,014 510 8,524
As at 31 December 2023 - 22,039 5,140 27,179
Net Book Value
As at 31 December 2023 548,924 10,017 - 558,941
As at 1 January 2023 548,924 18,031 510 567,465
5. Investments
Unlisted
£
Cost
As at 1 January 2023 200
As at 31 December 2023 200
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 200
As at 1 January 2023 200
Investments are a 100% holding in WCL Bars Ltd, a company incorporated in England.
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 14,532 -
Page 4
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1,264 ) (102 )
Other creditors 8,122 10,655
Taxation and social security 4,784 6,622
11,642 17,175
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 553,000 553,000
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
Page 5