Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09856758 Mr S J Demuth Mrs H R Demuth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09856758 2023-01-31 09856758 2024-01-31 09856758 2023-02-01 2024-01-31 09856758 frs-core:CurrentFinancialInstruments 2024-01-31 09856758 frs-core:Non-currentFinancialInstruments 2024-01-31 09856758 frs-core:ShareCapital 2024-01-31 09856758 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09856758 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09856758 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09856758 frs-bus:SmallEntities 2023-02-01 2024-01-31 09856758 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09856758 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09856758 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-01 2024-01-31 09856758 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 09856758 frs-bus:Director1 2023-02-01 2024-01-31 09856758 frs-bus:Director2 2023-02-01 2024-01-31 09856758 frs-countries:EnglandWales 2023-02-01 2024-01-31 09856758 2022-01-31 09856758 2023-01-31 09856758 2022-02-01 2023-01-31 09856758 frs-core:CurrentFinancialInstruments 2023-01-31 09856758 frs-core:Non-currentFinancialInstruments 2023-01-31 09856758 frs-core:ShareCapital 2023-01-31 09856758 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 09856758 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-31
Registered number: 09856758
Wembury Investments Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09856758
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 580,000 460,993
580,000 460,993
CURRENT ASSETS
Debtors 5 1,254 1,052
Cash at bank and in hand 455 3,076
1,709 4,128
Creditors: Amounts Falling Due Within One Year 6 (271,018 ) (263,190 )
NET CURRENT ASSETS (LIABILITIES) (269,309 ) (259,062 )
TOTAL ASSETS LESS CURRENT LIABILITIES 310,691 201,931
Creditors: Amounts Falling Due After More Than One Year 7 (157,225 ) (169,231 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (29,752 ) -
NET ASSETS 123,714 32,700
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 89,255 -
Profit and Loss Account 34,359 32,600
SHAREHOLDERS' FUNDS 123,714 32,700
Page 1
Page 2
For the year ending 31 January 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 S J Demuth
Director
29 October 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
Wembury Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09856758 . The registered office is 6 Houndiscombe Road, Plymouth, Devon, PL4 6HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared using the historic cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A- The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
2.3. Investment Properties
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
2.4. Taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
2.5. Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 February 2023 460,993
Fair value adjustments 119,007
As at 31 January 2024 580,000
The investment properties have been included at a value the directors consider to be fair value. An independent valution has not taken place.
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,254 1,052
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Bank loans and overdrafts 12,810 12,805
Other creditors 253,670 247,161
Taxation and social security 4,537 3,224
271,018 263,190
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 157,225 169,231
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Fair Value Reserve
£
Transfer to profit and loss 89,255
As at 31 January 2024 89,255
Page 4