Acorah Software Products - Accounts Production 14.6.300 false true true 31 December 2022 1 September 2021 false 1 January 2023 31 December 2023 31 December 2023 07751624 Mr Nathan Winch Winch & Co Capital Ltd 46 Park Place, Leeds, England, LS1 2RY true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07751624 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-12-31 07751624 2022-12-31 07751624 2023-12-31 07751624 2023-01-01 2023-12-31 07751624 frs-core:CurrentFinancialInstruments 2023-12-31 07751624 frs-core:Non-currentFinancialInstruments 2023-12-31 07751624 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 07751624 frs-core:FurnitureFittings 2023-12-31 07751624 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07751624 frs-core:FurnitureFittings 2022-12-31 07751624 frs-core:SharePremium 2023-12-31 07751624 frs-core:ShareCapital 2023-12-31 07751624 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07751624 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07751624 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07751624 frs-bus:SmallEntities 2023-01-01 2023-12-31 07751624 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07751624 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07751624 1 2023-01-01 2023-12-31 07751624 frs-core:UnlistedNon-exchangeTraded 2023-12-31 07751624 frs-core:UnlistedNon-exchangeTraded 2022-12-31 07751624 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 07751624 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07751624 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07751624 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07751624 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 07751624 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 07751624 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07751624 frs-bus:Director1 2023-01-01 2023-12-31 07751624 frs-countries:EnglandWales 2023-01-01 2023-12-31 07751624 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-12-31 07751624 2021-08-31 07751624 2022-12-31 07751624 2021-09-01 2022-12-31 07751624 frs-core:CurrentFinancialInstruments 2022-12-31 07751624 frs-core:Non-currentFinancialInstruments 2022-12-31 07751624 frs-core:SharePremium 2022-12-31 07751624 frs-core:ShareCapital 2022-12-31 07751624 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07751624
Winch & Co Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Elementary Accountancy Services Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07751624
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 1,391
Tangible Assets 5 - 11,204
Investments 6 576,094 599,979
576,094 612,574
CURRENT ASSETS
Debtors 7 288,713 614,215
Cash at bank and in hand 26 277
288,739 614,492
Creditors: Amounts Falling Due Within One Year 8 (1,543,002 ) (1,061,023 )
NET CURRENT ASSETS (LIABILITIES) (1,254,263 ) (446,531 )
TOTAL ASSETS LESS CURRENT LIABILITIES (678,169 ) 166,043
Creditors: Amounts Falling Due After More Than One Year 9 (37,647 ) (140,874 )
NET (LIABILITIES)/ASSETS (715,816 ) 25,169
CAPITAL AND RESERVES
Called up share capital 12 10,000 10,000
Share premium account 46,472 46,472
Profit and Loss Account (772,288 ) (31,303 )
SHAREHOLDERS' FUNDS (715,816) 25,169
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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 Nathan Winch
Director
23/09/2024
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
Winch & Co Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07751624 . The registered office is 46 Park Place, Leeds, LS1 2RY.
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 director has not identified any material uncertainties relating to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The loss for the period and negative asset position are noted but it is noted that this is laregly due to group borrowings and the entity has the support of the directors and the group at this time.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue is recognised when the services have been provided. 
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to the trademarked name of the company. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. 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 3 years
2.6. 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.
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2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.8. Investments
Investments are held at cost unless fair value can be reasonably measured. An annual impairment review is carried out by the director. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 21,776
Disposals (21,776 )
Depreciation
As at 1 January 2023 10,572
Disposals (10,572 )
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 11,204
6. Investments
Unlisted
£
Cost
As at 1 January 2023 599,979
Additions 19,259
Disposals (40,744 )
Fair value adjustments (2,400 )
As at 31 December 2023 576,094
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 576,094
As at 1 January 2023 599,979
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Investments are held at cost unless fair value can be reasonably measured. As these are unlisted investments their fair value is difficult to ascertain. An annual impairment review is performed and where an investment is considered to be impaired this is recognised through the profit and loss account during the year.
7. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 37,500 -
Other debtors 29,832 41,000
Amounts owed by group undertakings 221,381 569,882
288,713 610,882
Due after more than one year
Other debtors - 3,333
- 3,333
288,713 614,215
8. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Bank loans and overdrafts 5,544 5,521
Other creditors 205,840 145,350
Accruals and deferred income 342 77
Amounts owed to group undertakings 1,331,276 910,075
1,543,002 1,061,023
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9. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Bank loans 37,647 40,874
Other creditors - 100,000
37,647 140,874
Of the creditors falling due after more than one year the following amounts are due after more than five years.
31 December 2023 31 December 2022
£ £
Bank loans 11,909 17,354
10. Secured Creditors
Of the creditors the following amounts are secured.
31 December 2023 31 December 2022
£ £
Other Creditors 162,660 200,000
11. Deferred Taxation
Tax losses of £125,281 (2022: £79,619) are available to carry forward to the following year but have not been provided for due to uncertainty of future profits. 
12. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 10,000 10,000
13. Related Party Transactions
The total amount owed from entities under the same control as this entity is £221,380 (2022: £529,368). This is repayable on demand and bears no interest. 
The total amount owed to companies under the same control as this entity is £1,331,275 (2022: £910,074). This is repayable on demand and bears no interest. 
A bad debt of £615,655 (2022: £10,800) was recognised during the year, which related to an entity under the same control as this entity. 
All revenue is dervied from services provided to companies under the same control as this entity. 
All fixed asset and intangible asset disposals were to entities under the same control as this entity. 
14. Ultimate Parent Undertaking and Controlling Party
The company's ultimate parent undertaking is Winch & Co Capital Ltd . Winch & Co Capital Ltd was incorporated in England. Copies of the group accounts may be obtained from the secretary, 46 Park Place, Leeds, England, LS1 2RY
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