Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11814730 Mr Anthony Williams Mrs Karly Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11814730 2023-02-28 11814730 2024-02-29 11814730 2023-03-01 2024-02-29 11814730 frs-core:CurrentFinancialInstruments 2024-02-29 11814730 frs-core:Non-currentFinancialInstruments 2024-02-29 11814730 frs-core:FurnitureFittings 2024-02-29 11814730 frs-core:FurnitureFittings 2023-03-01 2024-02-29 11814730 frs-core:FurnitureFittings 2023-02-28 11814730 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-29 11814730 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-01 2024-02-29 11814730 frs-core:InvestmentPropertyIncludedWithinPPE 2023-02-28 11814730 frs-core:ShareCapital 2024-02-29 11814730 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11814730 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11814730 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11814730 frs-bus:SmallEntities 2023-03-01 2024-02-29 11814730 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11814730 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11814730 frs-bus:Director1 2023-03-01 2024-02-29 11814730 frs-bus:Director2 2023-03-01 2024-02-29 11814730 frs-countries:EnglandWales 2023-03-01 2024-02-29 11814730 2022-02-28 11814730 2023-02-28 11814730 2022-03-01 2023-02-28 11814730 frs-core:CurrentFinancialInstruments 2023-02-28 11814730 frs-core:Non-currentFinancialInstruments 2023-02-28 11814730 frs-core:ShareCapital 2023-02-28 11814730 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11814730
AKW Properties Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11814730
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 590,469 575,704
590,469 575,704
CURRENT ASSETS
Debtors 5 100 100
Cash at bank and in hand 934 2,462
1,034 2,562
Creditors: Amounts Falling Due Within One Year 6 (226,451 ) (234,537 )
NET CURRENT ASSETS (LIABILITIES) (225,417 ) (231,975 )
TOTAL ASSETS LESS CURRENT LIABILITIES 365,052 343,729
Creditors: Amounts Falling Due After More Than One Year 7 (279,928 ) (279,928 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,769 ) (9,607 )
NET ASSETS 71,355 54,194
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 71,255 54,094
SHAREHOLDERS' FUNDS 71,355 54,194
Page 1
Page 2
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 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 Anthony Williams
Director
28/11/2024
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
AKW Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11814730 . The registered office is 38 Willian Way, Letchworth, SG6 2HG.
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 tax or other similar sales taxes.
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:
Fixtures & Fittings 25% Straight Line
2.4. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
Changes in fair value are recognised in the profit and loss account.
2.5. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
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
Investment Properties Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 March 2023 575,000 5,707 580,707
Revaluation 15,000 - 15,000
As at 29 February 2024 590,000 5,707 595,707
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 March 2023 - 5,003 5,003
Provided during the period - 235 235
As at 29 February 2024 - 5,238 5,238
Net Book Value
As at 29 February 2024 590,000 469 590,469
As at 1 March 2023 575,000 704 575,704
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 100 100
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,602 2,369
Other creditors 214 298
Accruals and deferred income 436 670
Directors' loan accounts 224,199 231,200
226,451 234,537
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 279,928 279,928
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 279,928 279,928
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4