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Registered number: 10046711
WS4 Investments Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10046711
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 652,000 652,000
652,000 652,000
CURRENT ASSETS
Debtors 5 648 260
Investments 6 81,756 62,342
Cash at bank and in hand 2,589 4,022
84,993 66,624
Creditors: Amounts Falling Due Within One Year 7 (434,014 ) (418,264 )
NET CURRENT ASSETS (LIABILITIES) (349,021 ) (351,640 )
TOTAL ASSETS LESS CURRENT LIABILITIES 302,979 300,360
Creditors: Amounts Falling Due After More Than One Year 8 (229,821 ) (240,048 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,140 ) (16,140 )
NET ASSETS 57,018 44,172
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 68,807 68,807
Profit and Loss Account (11,889 ) (24,735 )
SHAREHOLDERS' FUNDS 57,018 44,172
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
Dr Y Kaderbhai
Director
22 November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
WS4 Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10046711 . The registered office is 67, Dental Surgery Lichfield Street, Walsall, WS4 2BY.
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 directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Turnover
Turnover comprises rental income receivable in the year.
Rental income is recognised from the point the properties are available for letting, net of any void periods.
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.
2.5. Financial Instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequent at amortized cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently amortized
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2.6. Taxation
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 652,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 567,052 567,052
The fair value of the properties at 31 March 2024 have been arrived at on the basis of valuations carried out at that date by the director, who is not a professionally qualified valuer. The valuations were arrived at by reference to market evidence of transaction prices for similar properties in their locations and take into account the state of the rental market in the area where the properties are situated
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 648 260
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6. Current Asset Investments
2024 2023
£ £
Other investments, held for sale 81,756 62,342
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,178 10,178
Other creditors 423,836 408,086
434,014 418,264
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 229,821 240,048
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 189,109 199,336
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 239,999 250,226
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Revaluation Reserve
£
As at 1 April 2023 68,807
As at 31 March 2024 68,807
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12. Related Party Transactions
Included in Other Creditors is an interest-free loan, repayable on demand, amounting to £420,550 (2023 - £404,800) to a company in which the director's have a common interest.
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