Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 10562069 Mr Andrew Wilkins Mrs Sarah Wilkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10562069 2023-01-31 10562069 2024-01-31 10562069 2023-02-01 2024-01-31 10562069 frs-core:CurrentFinancialInstruments 2024-01-31 10562069 frs-core:Non-currentFinancialInstruments 2024-01-31 10562069 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10562069 frs-core:ShareCapital 2024-01-31 10562069 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 10562069 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10562069 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 10562069 frs-bus:SmallEntities 2023-02-01 2024-01-31 10562069 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10562069 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10562069 frs-bus:Director1 2023-02-01 2024-01-31 10562069 frs-bus:Director2 2023-02-01 2024-01-31 10562069 frs-countries:EnglandWales 2023-02-01 2024-01-31 10562069 2022-01-31 10562069 2023-01-31 10562069 2022-02-01 2023-01-31 10562069 frs-core:CurrentFinancialInstruments 2023-01-31 10562069 frs-core:Non-currentFinancialInstruments 2023-01-31 10562069 frs-core:ShareCapital 2023-01-31 10562069 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 10562069
Waka Waka Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
DA Coffey and Associates LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10562069
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 174,000 174,000
174,000 174,000
CURRENT ASSETS
Cash at bank and in hand 5,229 7,136
5,229 7,136
Creditors: Amounts Falling Due Within One Year 5 (38,574 ) (38,956 )
NET CURRENT ASSETS (LIABILITIES) (33,345 ) (31,820 )
TOTAL ASSETS LESS CURRENT LIABILITIES 140,655 142,180
Creditors: Amounts Falling Due After More Than One Year (160,432 ) (160,432 )
NET LIABILITIES (19,777 ) (18,252 )
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account (19,778 ) (18,253 )
SHAREHOLDERS' FUNDS (19,777) (18,252)
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 Andrew Wilkins
Director
1 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
Waka Waka Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10562069 . The registered office is 4 Faraday Place, West Molesey, Surrey, KT8 2TT.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. 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 None
2.5. 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.
2.6. 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 year 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.
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 and 31 January 2024 174,000
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 25 24
Bank loans and overdrafts - 852
Other creditors 38,549 38,080
38,574 38,956
Page 4