Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 10025785 Mr Mario Jude Andrade Mr Rajesh Rameshchandra Shah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10025785 2023-02-28 10025785 2024-02-28 10025785 2023-03-01 2024-02-28 10025785 frs-core:CurrentFinancialInstruments 2024-02-28 10025785 frs-core:Non-currentFinancialInstruments 2024-02-28 10025785 frs-core:ShareCapital 2024-02-28 10025785 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10025785 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10025785 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 10025785 frs-bus:SmallEntities 2023-03-01 2024-02-28 10025785 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10025785 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10025785 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-28 10025785 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-28 10025785 frs-bus:Director1 2023-03-01 2024-02-28 10025785 frs-bus:Director2 2023-03-01 2024-02-28 10025785 frs-core:CurrentFinancialInstruments 1 2024-02-28 10025785 frs-countries:EnglandWales 2023-03-01 2024-02-28 10025785 2022-02-28 10025785 2023-02-28 10025785 2022-03-01 2023-02-28 10025785 frs-core:CurrentFinancialInstruments 2023-02-28 10025785 frs-core:Non-currentFinancialInstruments 2023-02-28 10025785 frs-core:ShareCapital 2023-02-28 10025785 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 10025785 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-28 10025785 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 10025785
Investwell Management Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Chartered Management Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10025785
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 925,000 925,000
925,000 925,000
CURRENT ASSETS
Debtors 5 1,711 575
Cash at bank and in hand 4,486 5,712
6,197 6,287
Creditors: Amounts Falling Due Within One Year 6 (133,956 ) (130,343 )
NET CURRENT ASSETS (LIABILITIES) (127,759 ) (124,056 )
TOTAL ASSETS LESS CURRENT LIABILITIES 797,241 800,944
Creditors: Amounts Falling Due After More Than One Year 7 (805,828 ) (805,828 )
NET LIABILITIES (8,587 ) (4,884 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 76,413 76,413
Profit and Loss Account (85,100 ) (81,397 )
SHAREHOLDERS' FUNDS (8,587) (4,884)
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.
On behalf of the board
Mr Mario Jude Andrade
Director
14/11/2024
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
Investwell Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10025785 . The registered office is 117 Kingshill Avenue, Harrow, HA3 8LA.
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 the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 28 February 2024 925,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 998 -
Prepayments and accrued income 713 575
1,711 575
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 1
Other creditors 60,142 56,643
Deferred tax timing difference 17,924 17,924
Accruals and deferred income 2,281 2,167
Directors' loan accounts 53,608 53,608
133,956 130,343
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 805,828 805,828
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Fair Value Reserve
£
As at 1 March 2023 76,413
As at 28 February 2024 76,413
Page 4