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 NI626806 Mr Bernard Eastwood Mr Eunan Donnelly Mr Bernard Eastwood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI626806 2022-12-31 NI626806 2023-12-31 NI626806 2023-01-01 2023-12-31 NI626806 frs-core:CurrentFinancialInstruments 2023-12-31 NI626806 frs-core:FurnitureFittings 2023-12-31 NI626806 frs-core:FurnitureFittings 2023-01-01 2023-12-31 NI626806 frs-core:FurnitureFittings 2022-12-31 NI626806 frs-core:ShareCapital 2023-12-31 NI626806 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI626806 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI626806 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 NI626806 frs-bus:SmallEntities 2023-01-01 2023-12-31 NI626806 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI626806 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI626806 frs-bus:Director1 2023-01-01 2023-12-31 NI626806 frs-bus:Director2 2023-01-01 2023-12-31 NI626806 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 NI626806 frs-countries:NorthernIreland 2023-01-01 2023-12-31 NI626806 2021-12-31 NI626806 2022-12-31 NI626806 2022-01-01 2022-12-31 NI626806 frs-core:CurrentFinancialInstruments 2022-12-31 NI626806 frs-core:ShareCapital 2022-12-31 NI626806 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: NI626806
Wirefox Downshire Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI626806
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,448 36,100
Investment Properties 5 1,260,000 1,367,192
1,287,448 1,403,292
CURRENT ASSETS
Cash at bank and in hand 5,772 6,493
5,772 6,493
Creditors: Amounts Falling Due Within One Year 6 (909,474 ) (962,602 )
NET CURRENT ASSETS (LIABILITIES) (903,702 ) (956,109 )
TOTAL ASSETS LESS CURRENT LIABILITIES 383,746 447,183
NET ASSETS 383,746 447,183
CAPITAL AND RESERVES
Called up share capital 7 336,108 336,108
Profit and Loss Account 47,638 111,075
SHAREHOLDERS' FUNDS 383,746 447,183
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 Bernard Eastwood
Director
28/02/2024
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
Wirefox Downshire Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI626806 . The registered office is 2 Downshire Road, Holywood, BT18 9LU.
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.
Rental of investment property

Revenue from a contract to lease the property is recognised in the period in which the property is occupied. Any rent-free periods included within the lease agreement are spread across the useful life of the lease, when all the following conditions are met:

• the amount of revenue can be measured reliably; and
• it is probably that the Company will receive the consideration due under contract.

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:
Fixtures & Fittings 5 - 10 years
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 January 2023 115,376
As at 31 December 2023 115,376
Depreciation
As at 1 January 2023 79,276
Provided during the period 8,652
As at 31 December 2023 87,928
Net Book Value
As at 31 December 2023 27,448
As at 1 January 2023 36,100
Page 3
Page 4
5. Investment Property
2023
£
Fair Value
As at 1 January 2023 1,367,192
Fair value adjustments (107,192 )
As at 31 December 2023 1,260,000
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 1
Bank loans and overdrafts 469,345 523,102
VAT 4,798 5,000
Accruals and deferred income 10,832 -
Amounts owed to parent undertaking 424,499 434,499
909,474 962,602
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 336,108 336,108
Page 4