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 SC295346 Mr Charles Gulland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC295346 2022-12-31 SC295346 2023-12-31 SC295346 2023-01-01 2023-12-31 SC295346 frs-core:CurrentFinancialInstruments 2023-12-31 SC295346 frs-core:Non-currentFinancialInstruments 2023-12-31 SC295346 frs-core:BetweenOneFiveYears 2023-12-31 SC295346 frs-core:ComputerEquipment 2023-12-31 SC295346 frs-core:ComputerEquipment 2023-01-01 2023-12-31 SC295346 frs-core:ComputerEquipment 2022-12-31 SC295346 frs-core:FurnitureFittings 2023-12-31 SC295346 frs-core:FurnitureFittings 2023-01-01 2023-12-31 SC295346 frs-core:FurnitureFittings 2022-12-31 SC295346 frs-core:NetGoodwill 2023-12-31 SC295346 frs-core:NetGoodwill 2023-01-01 2023-12-31 SC295346 frs-core:NetGoodwill 2022-12-31 SC295346 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 SC295346 frs-core:InvestmentPropertyIncludedWithinPPE 2023-01-01 2023-12-31 SC295346 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-31 SC295346 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 SC295346 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC295346 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 SC295346 frs-core:MotorVehicles 2023-01-01 2023-12-31 SC295346 frs-core:PlantMachinery 2023-12-31 SC295346 frs-core:PlantMachinery 2023-01-01 2023-12-31 SC295346 frs-core:PlantMachinery 2022-12-31 SC295346 frs-core:WithinOneYear 2023-12-31 SC295346 frs-core:RevaluationReserve 2023-01-01 2023-12-31 SC295346 frs-core:RevaluationReserve 2022-12-31 SC295346 frs-core:RevaluationReserve 2023-12-31 SC295346 frs-core:ShareCapital 2023-12-31 SC295346 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC295346 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC295346 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC295346 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC295346 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC295346 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC295346 frs-bus:Director1 2023-01-01 2023-12-31 SC295346 frs-core:CurrentFinancialInstruments 1 2023-12-31 SC295346 frs-countries:Scotland 2023-01-01 2023-12-31 SC295346 2021-12-31 SC295346 2022-12-31 SC295346 2022-01-01 2022-12-31 SC295346 frs-core:CurrentFinancialInstruments 2022-12-31 SC295346 frs-core:Non-currentFinancialInstruments 2022-12-31 SC295346 frs-core:BetweenOneFiveYears 2022-12-31 SC295346 frs-core:WithinOneYear 2022-12-31 SC295346 frs-core:RevaluationReserve 2022-12-31 SC295346 frs-core:ShareCapital 2022-12-31 SC295346 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 SC295346 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: SC295346
Wigwam Holidays Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2023
Anlo Financial Solutions Edinburgh
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC295346
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 82,846 3,306
Tangible Assets 5 525,833 365,928
608,679 369,234
CURRENT ASSETS
Stocks 6 3,432 3,439
Debtors 7 208,583 244,726
Investments 8 1,797 1,521
Cash at bank and in hand - 1,793
213,812 251,479
Creditors: Amounts Falling Due Within One Year 9 (276,377 ) (283,605 )
NET CURRENT ASSETS (LIABILITIES) (62,565 ) (32,126 )
TOTAL ASSETS LESS CURRENT LIABILITIES 546,114 337,108
Creditors: Amounts Falling Due After More Than One Year 10 (420,124 ) (234,939 )
NET ASSETS 125,990 102,169
CAPITAL AND RESERVES
Called up share capital 12 100 100
Revaluation reserve 13 119,963 39,963
Profit and Loss Account 5,927 62,106
SHAREHOLDERS' FUNDS 125,990 102,169
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 Charles Gulland
Director
30/09/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Wigwam Holidays Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC295346 . The registered office is 4th Floor, Metropolitan House, 31-33 High Street, Inverness, IV1 1HT.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 7 years.
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:
Self-owned Cabins 10% Reducing Value
Plant & Machinery 25% Straight Line
Motor Vehicles 30% Straight Line
Fixtures & Fittings 10 % Straight line
Computer Equipment 10 % Straight line
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.
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2022: 13)
13 13
4. Intangible Assets
Goodwill
£
Cost or Valuation
As at 1 January 2023 9,400
Revaluations 80,000
As at 31 December 2023 89,400
Amortisation
As at 1 January 2023 6,094
Impairment losses 460
As at 31 December 2023 6,554
Net Book Value
As at 31 December 2023 82,846
As at 1 January 2023 3,306
The company’s intangible assets comprise several key components:
- The patent and trademark, which are registered and maintained annually.
- The value of its email marketing lists.
- The value of its social media following.
- The franchise agreements, which are signed for a minimum of 5 years, granting the company access to over 300 accommodation units.
In the 2023 financial year, the company implemented a change in its accounting policy. The valuation of these intangible assets is now conducted every three months, with any necessary adjustments made accordingly.
The revaluation reserve has been accounted for based on the assessment performed at the year-end. Any further adjustments arising from quarterly valuations will continue to be reflected in future financial statements.
5. Tangible Assets
Land & Property
Self-owned Cabins Website Costs Plant & Machinery Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2023 - 405,807 - 46,991
Additions 98,678 68,445 3,375 -
Disposals - - - -
As at 31 December 2023 98,678 474,252 3,375 46,991
Depreciation
As at 1 January 2023 - 67,539 - 23,466
Provided during the period - - 703 5,755
As at 31 December 2023 - 67,539 703 29,221
Net Book Value
As at 31 December 2023 98,678 406,713 2,672 17,770
As at 1 January 2023 - 338,268 - 23,525
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Computer Equipment Total
£ £
Cost
As at 1 January 2023 5,626 458,424
Additions 2,399 172,897
Disposals (5,626 ) (5,626 )
As at 31 December 2023 2,399 625,695
Depreciation
As at 1 January 2023 1,491 92,496
Provided during the period 908 7,366
As at 31 December 2023 2,399 99,862
Net Book Value
As at 31 December 2023 - 525,833
As at 1 January 2023 4,135 365,928
The company has invested in the development and improvement of its Wigwam Holidays website, a critical asset designed to increase business sales and enhance overall business delivery. The website is a key part of the company’s operations and consists of two primary components:
- The actual Wigwam Holidays website, which serves as the company’s primary digital presence.
- The Wigwam Holidays portal, which facilitates the delivery of training and technology to the company’s site community.
No depreciation has been allocated for the website during the current financial year, as continuous improvements have been made throughout the year to maintain and enhance its functionality. The company recognizes the ongoing importance of this asset and its role in driving both operational and business success.
6. Stocks
2023 2022
£ £
Stock - Merchandise 3,432 3,439
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 54,324 45,252
Amounts owed by group undertakings 154,259 199,474
208,583 244,726
8. Current Asset Investments
2023 2022
£ £
Unlisted investments 1,797 1,521
1,797 1,521
The company holds an investment, recorded at cost, in a website called Cosy Outdoors. This investment is intended for use in future projects that align with the company’s strategic objectives.
Cosy Outdoors operates as a separate registered entity, and the company anticipates that this investment will contribute to future growth and development initiatives. The value of the investment will be reviewed periodically in line with the company’s investment policy.
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9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 19,119 16,455
Trade creditors 66,908 53,795
Bank loans and overdrafts 61,984 72,361
Other taxes and social security 8,534 20,905
VAT 21,472 28,339
Net wages 1,125 1,189
Other creditors (Current liabilities - creditors < 1 year) 85,022 88,582
Director's loan account 12,213 1,979
276,377 283,605
10. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 17,741 -
Bank loans 233,901 92,220
Other creditors 50,000 50,000
Directors loan account 118,482 92,719
420,124 234,939
11. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 19,119 16,455
Later than one year and not later than five years 17,741 -
36,860 16,455
36,860 16,455
12. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
13. Reserves
Revaluation Reserve
£
As at 1 January 2023 39,963
Surplus on revaluation 80,000
As at 31 December 2023 119,963
In the 2019 financial year the company revalued its fixtures and fittings. 
In the current financial year, the intaingble assets have been revalued. Please see intangible asset note.
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