Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 07519432 Mr Paolo Burocchi Mrs Angela Burocchi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07519432 2023-02-28 07519432 2024-02-29 07519432 2023-03-01 2024-02-29 07519432 frs-core:CurrentFinancialInstruments 2024-02-29 07519432 frs-core:ComputerEquipment 2024-02-29 07519432 frs-core:ComputerEquipment 2023-03-01 2024-02-29 07519432 frs-core:ComputerEquipment 2023-02-28 07519432 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07519432 frs-core:ShareCapital 2024-02-29 07519432 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 07519432 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07519432 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 07519432 frs-bus:SmallEntities 2023-03-01 2024-02-29 07519432 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07519432 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07519432 frs-bus:Director1 2023-03-01 2024-02-29 07519432 frs-bus:Director2 2023-03-01 2024-02-29 07519432 frs-countries:EnglandWales 2023-03-01 2024-02-29 07519432 2022-02-28 07519432 2023-02-28 07519432 2022-03-01 2023-02-28 07519432 frs-core:CurrentFinancialInstruments 2023-02-28 07519432 frs-core:ShareCapital 2023-02-28 07519432 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07519432
Colwell Limited
Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07519432
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 74 98
Investment Properties 5 634,024 634,024
634,098 634,122
CURRENT ASSETS
Debtors 6 1,104 1,064
Cash at bank and in hand 17,000 19,188
18,104 20,252
Creditors: Amounts Falling Due Within One Year 7 (78,810 ) (86,537 )
NET CURRENT ASSETS (LIABILITIES) (60,706 ) (66,285 )
TOTAL ASSETS LESS CURRENT LIABILITIES 573,392 567,837
NET ASSETS 573,392 567,837
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 572,392 566,837
SHAREHOLDERS' FUNDS 573,392 567,837
Page 1
Page 2
For the year ending 29 February 2024 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 Paolo Burocchi
Director
5 September 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
Colwell Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07519432 . The registered office is 15 The Broadway, Woodford Green, Essex, IG8 0HL.
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 comprises the rental income receivable by the company.
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 The directors have not provided for depreciation of the freehold building and the market value is expected to be in excess of the cost.
Computer Equipment 25% Reducing Balance Method
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:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 1,088
As at 29 February 2024 1,088
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 March 2023 990
Provided during the period 24
As at 29 February 2024 1,014
Net Book Value
As at 29 February 2024 74
As at 1 March 2023 98
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 29 February 2024 634,024
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 432 392
Other debtors 672 672
1,104 1,064
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,600 3,027
Accruals and deferred income 2,150 3,475
Directors' loan accounts 75,060 80,035
78,810 86,537
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4