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 02365785 Mr Tiji Thomas Mr Martin Townsend Mr Jeethu Joseph Ms Elizabeth Diaferia Miss Luisa Ciavucco Mrs Christine Perrett Mr Gerald Perrett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02365785 2023-03-31 02365785 2024-03-31 02365785 2023-04-01 2024-03-31 02365785 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02365785 frs-core:ShareCapital 2024-03-31 02365785 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02365785 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02365785 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 02365785 frs-bus:SmallEntities 2023-04-01 2024-03-31 02365785 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02365785 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02365785 frs-bus:Director1 2023-04-01 2024-03-31 02365785 frs-bus:Director2 2023-04-01 2024-03-31 02365785 frs-bus:Director3 2023-04-01 2024-03-31 02365785 frs-bus:Director4 2023-04-01 2024-03-31 02365785 frs-bus:Director5 2023-04-01 2024-03-31 02365785 frs-bus:Director6 2023-04-01 2024-03-31 02365785 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 02365785 frs-countries:EnglandWales 2023-04-01 2024-03-31 02365785 2022-03-31 02365785 2023-03-31 02365785 2022-04-01 2023-03-31 02365785 frs-core:ShareCapital 2023-03-31 02365785 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 02365785
The Weald Place Residents Association Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02365785
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 905 905
905 905
CURRENT ASSETS
Debtors 5 6,034 5,274
Cash at bank and in hand 4,959 7,948
10,993 13,222
Creditors: Amounts Falling Due Within One Year 6 (474 ) (461 )
NET CURRENT ASSETS (LIABILITIES) 10,519 12,761
TOTAL ASSETS LESS CURRENT LIABILITIES 11,424 13,666
NET ASSETS 11,424 13,666
CAPITAL AND RESERVES
Called up share capital 7 6 6
Profit and Loss Account 11,418 13,660
SHAREHOLDERS' FUNDS 11,424 13,666
Page 1
Page 2
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 Profit and Loss Account.
On behalf of the board
Mrs Christine Perrett
Director
16 November 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
The Weald Place Residents Association Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02365785 . The registered office is Damer House, Meadow Way, Wickford, Essex, SS12 9HA.
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, excluding discounts, rebates, value added taxes, and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and 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 0%
No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors undertake an annual impairment review of these properties.
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
The average number of employees, including directors, during the year was as follows: 7 (2023: 7)
7 7
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 905
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 6,034 5,274
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 474 461
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 6
Page 4