Acorah Software Products - Accounts Production 15.0.600 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09987144 Zachary Lingan Z L Lingan true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09987144 2023-02-28 09987144 2024-02-29 09987144 2023-03-01 2024-02-29 09987144 frs-core:CurrentFinancialInstruments 2024-02-29 09987144 frs-core:PlantMachinery 2024-02-29 09987144 frs-core:PlantMachinery 2023-03-01 2024-02-29 09987144 frs-core:PlantMachinery 2023-02-28 09987144 frs-core:ShareCapital 2024-02-29 09987144 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09987144 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09987144 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09987144 frs-bus:SmallEntities 2023-03-01 2024-02-29 09987144 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09987144 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09987144 1 2023-03-01 2024-02-29 09987144 frs-bus:Director1 2023-03-01 2024-02-29 09987144 frs-countries:EnglandWales 2023-03-01 2024-02-29 09987144 2022-02-28 09987144 2023-02-28 09987144 2022-03-01 2023-02-28 09987144 frs-core:CurrentFinancialInstruments 2023-02-28 09987144 frs-core:ShareCapital 2023-02-28 09987144 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09987144
Whitefalls Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Adbell Advisory Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09987144
2024 2023
Notes
FIXED ASSETS
Tangible Assets 4 87,831 95,469
87,831 95,469
CURRENT ASSETS
Debtors 5 132 4,481
Cash at bank and in hand 13,579 1,307
13,711 5,788
Creditors: Amounts Falling Due Within One Year 6 (473,380 ) (408,334 )
NET CURRENT ASSETS (LIABILITIES) (459,669 ) (402,546 )
TOTAL ASSETS LESS CURRENT LIABILITIES (371,838 ) (307,077 )
NET LIABILITIES (371,838 ) (307,077 )
CAPITAL AND RESERVES
Called up share capital 7 132 132
Profit and Loss Account (371,970 ) (307,209 )
SHAREHOLDERS' FUNDS (371,838) (307,077)
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Zachary Lingan
Director
07/11/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Whitefalls Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09987144 . The registered office is Birchin Court, 20 Birchin Lane, London, EC3V 9DJ.
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 financial statements have been on a going concern basis. The company has obtained undertakings from its shareholders that they will continue to support the company for the foreseeable future and meet all third party liabilities as they fall due. Given this undertaking, the director consider it appropriate to adopt a going concern basis in preparing the financial statements.
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 fixed rates calculated of the book value on the following bases:
Yacht 8%
2.4. Foreign Currencies
Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of
transaction. Exchange differences are taken into account in arriving at the operating result.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the
extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
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4. Tangible Assets
Yacht
Cost
As at 1 March 2023 138,361
As at 29 February 2024 138,361
Depreciation
As at 1 March 2023 42,892
Provided during the period 7,638
As at 29 February 2024 50,530
Net Book Value
As at 29 February 2024 87,831
As at 1 March 2023 95,469
5. Debtors
2024 2023
Due within one year
Prepayments and accrued income - 4,349
Called up share capital not paid 132 132
132 4,481
6. Creditors: Amounts Falling Due Within One Year
2024 2023
Other creditors 471,417 406,417
Accruals and deferred income 1,963 1,917
473,380 408,334
7. Share Capital
2024 2023
Called Up Share Capital not Paid 132 132
Amount of Allotted, Called Up Share Capital 132 132
Allotted, issued and fully paid 100 ordinary shares in £1 nominal value each.
8. Ultimate Controlling Party
The company's ultimate controlling party is Z L Lingan by virtue of his ownership of 100% of the issued share capital in the company.
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