Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03741139 Mr Barry Doherty Mr Stephen Doherty Mr Barry Doherty Mr B Doherty and Mr S Doherty false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03741139 2023-03-31 03741139 2024-03-31 03741139 2023-04-01 2024-03-31 03741139 frs-core:Non-currentFinancialInstruments 2024-03-31 03741139 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03741139 frs-core:MotorVehicles 2023-04-01 2024-03-31 03741139 frs-core:OtherReservesSubtotal 2024-03-31 03741139 frs-core:ShareCapital 2024-03-31 03741139 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03741139 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03741139 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 03741139 frs-bus:SmallEntities 2023-04-01 2024-03-31 03741139 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03741139 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03741139 1 2023-04-01 2024-03-31 03741139 frs-bus:Director1 2023-04-01 2024-03-31 03741139 frs-bus:Director2 2023-04-01 2024-03-31 03741139 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03741139 frs-countries:EnglandWales 2023-04-01 2024-03-31 03741139 2022-03-31 03741139 2023-03-31 03741139 2022-04-01 2023-03-31 03741139 frs-core:Non-currentFinancialInstruments 2023-03-31 03741139 frs-core:OtherReservesSubtotal 2023-03-31 03741139 frs-core:ShareCapital 2023-03-31 03741139 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03741139
Wilka Investments Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Arete Capital Limited
Chartered Accountants
5 Merchant Square
1st Floor
London
W2 1AY
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Abridged Statement of Financial Position
Registered number: 03741139
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,792,049 2,774,000
2,792,049 2,774,000
CURRENT ASSETS
Stocks 240,231 240,231
Debtors 346,632 328,545
Cash at bank and in hand 5,272 13,376
592,135 582,152
Creditors: Amounts Falling Due Within One Year (117,727 ) (103,393 )
NET CURRENT ASSETS (LIABILITIES) 474,408 478,759
TOTAL ASSETS LESS CURRENT LIABILITIES 3,266,457 3,252,759
Creditors: Amounts Falling Due After More Than One Year (1,027,734 ) (1,027,413 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 6 (259,838 ) (259,838 )
NET ASSETS 1,978,885 1,965,508
CAPITAL AND RESERVES
Called up share capital 7 100 100
Other reserves 1,268,619 1,268,619
Income Statement 710,166 696,789
SHAREHOLDERS' FUNDS 1,978,885 1,965,508
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For the year ending 31 March 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 Income Statement.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Barry Doherty
Director
31 October 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Wilka Investments Limited Registered number 03741139 is a limited by shares company incorporated in England & Wales. The Registered Office is 60 Gordon Road, London, W5 2AR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention as modified by the revaluation of land and buildings measured at fair value in accordance with te accounting policies set out below.

These financial statements have been prepared in compliance with FRS 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 rental income and fees receivable for ancilliary services.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Motor Vehicles 20% per annum on cost
Fixtures & Fittings 25% per annum on cost
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 income statement.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

...CONTINUED
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2.6. Financial Instruments - continued
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.7. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the statement of financial position date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the statement of financial position date.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
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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
Total
£
Cost
As at 1 April 2023 2,774,000
Additions 18,049
As at 31 March 2024 2,792,049
Net Book Value
As at 31 March 2024 2,792,049
As at 1 April 2023 2,774,000
Investment properties have been valued by the Director Mr B Doherty at open market value on the balance sheet date.
Cost or valuation as at 31 March 2024 represented by:
Land & Property
Freehold
£
At cost 2,792,049
2,792,049
5. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts - 1,287,251
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6. Deferred Taxation
The provision for deferred taxation represents a provision for Corporation tax on the increase in property valuations.
2024 2023
£ £
Other timing differences 259,838 259,838
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Controlling Party
The company's ultimate controlling parties are Mr B Doherty and Mr S Doherty by virtue of his ownership of 100% of the issued share capital in the company.
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