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 07184675 Mr George Laws iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07184675 2022-12-31 07184675 2023-12-31 07184675 2023-01-01 2023-12-31 07184675 frs-core:CurrentFinancialInstruments 2023-12-31 07184675 frs-core:Non-currentFinancialInstruments 2023-12-31 07184675 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 07184675 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-31 07184675 frs-core:ShareCapital 2023-12-31 07184675 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07184675 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07184675 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07184675 frs-bus:SmallEntities 2023-01-01 2023-12-31 07184675 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07184675 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07184675 frs-bus:Director1 2023-01-01 2023-12-31 07184675 frs-countries:EnglandWales 2023-01-01 2023-12-31 07184675 2021-12-31 07184675 2022-12-31 07184675 2022-01-01 2022-12-31 07184675 frs-core:CurrentFinancialInstruments 2022-12-31 07184675 frs-core:Non-currentFinancialInstruments 2022-12-31 07184675 frs-core:ShareCapital 2022-12-31 07184675 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07184675
North Walsham Road Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Richard Day Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07184675
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 960,000 960,000
960,000 960,000
CURRENT ASSETS
Debtors 5 200 673
Cash at bank and in hand 7,785 4,153
7,985 4,826
Creditors: Amounts Falling Due Within One Year 6 (133,954 ) (150,532 )
NET CURRENT ASSETS (LIABILITIES) (125,969 ) (145,706 )
TOTAL ASSETS LESS CURRENT LIABILITIES 834,031 814,294
Creditors: Amounts Falling Due After More Than One Year 7 (802,500 ) (802,500 )
NET ASSETS 31,531 11,794
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 31,331 11,594
SHAREHOLDERS' FUNDS 31,531 11,794
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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 George Laws
Director
13/09/2024
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
North Walsham Road Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07184675 . The registered office is 24 Cromer Road, Norwich, NR6 6ND.
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 consists of rent  received or receivable.
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.
2.5. Taxation
Corporation 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)
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4. Tangible Assets
Investment Properties
£
Cost
As at 1 January 2023 960,000
As at 31 December 2023 960,000
Net Book Value
As at 31 December 2023 960,000
As at 1 January 2023 960,000
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 200 200
VAT - 473
200 673
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,219 6,033
Corporation tax 3,539 4,843
Other creditors 125,000 125,000
Accruals and deferred income 2,196 14,656
133,954 150,532
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 802,500 802,500
8. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Bank loans and overdrafts 802,500 802,500
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
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