Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 12469764 Miss M Waterhouse Mr L Widdop iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12469764 2023-02-28 12469764 2024-02-28 12469764 2023-03-01 2024-02-28 12469764 frs-core:Non-currentFinancialInstruments 2024-02-28 12469764 frs-core:ComputerEquipment 2023-03-01 2024-02-28 12469764 frs-core:RevaluationReserve 2023-03-01 2024-02-28 12469764 frs-core:RevaluationReserve 2023-02-28 12469764 frs-core:RevaluationReserve 2024-02-28 12469764 frs-core:ShareCapital 2024-02-28 12469764 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 12469764 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 12469764 frs-bus:AbridgedAccounts 2023-03-01 2024-02-28 12469764 frs-bus:SmallEntities 2023-03-01 2024-02-28 12469764 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 12469764 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 12469764 frs-bus:Director1 2023-03-01 2024-02-28 12469764 frs-bus:Director2 2023-03-01 2024-02-28 12469764 frs-countries:EnglandWales 2023-03-01 2024-02-28 12469764 2022-02-28 12469764 2023-02-28 12469764 2022-03-01 2023-02-28 12469764 frs-core:Non-currentFinancialInstruments 2023-02-28 12469764 frs-core:RevaluationReserve 2023-02-28 12469764 frs-core:ShareCapital 2023-02-28 12469764 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 12469764
MW Property Investors Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12469764
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 313,798 301,829
313,798 301,829
CURRENT ASSETS
Cash at bank and in hand 446 1,674
446 1,674
Creditors: Amounts Falling Due Within One Year (15,114 ) (6,010 )
NET CURRENT ASSETS (LIABILITIES) (14,668 ) (4,336 )
TOTAL ASSETS LESS CURRENT LIABILITIES 299,130 297,493
Creditors: Amounts Falling Due After More Than One Year (255,527 ) (249,777 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,050 ) (8,594 )
NET ASSETS 39,553 39,122
CAPITAL AND RESERVES
Called up share capital 6 100 100
Revaluation reserve 7 65,831 54,831
Profit and Loss Account (26,378 ) (15,809 )
SHAREHOLDERS' FUNDS 39,553 39,122
Page 1
Page 2
For the year ending 28 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 28 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Miss M Waterhouse
Director
19/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
MW Property Investors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12469764 . The registered office is 148 Rose Bowl , Portland Crescent , Leeds, West Yorkshire, LS1 3HB.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from therental of property. Turnover is reduced for estimated rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised when rental income is due.
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:
Computer Equipment 20% Straight line
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: 2 (2023: 2)
2 2
4. Tangible Assets
Total
£
Cost or Valuation
As at 1 March 2023 301,860
Revaluation 12,000
As at 28 February 2024 313,860
Depreciation
As at 1 March 2023 31
Provided during the period 31
As at 28 February 2024 62
Net Book Value
As at 28 February 2024 313,798
As at 1 March 2023 301,829
Page 3
Page 4
5. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 220,550 187,470
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Reserves
Revaluation Reserve
£
As at 1 March 2023 54,831
Surplus on revaluation 11,000
As at 28 February 2024 65,831
8. Related Party Transactions
At the period end the company owed directors £9,194 (2023 - £27,330).
Page 4