Acorah Software Products - Accounts Production 14.5.601 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10149925 Mr Webby Adrian Jamel true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10149925 2023-04-30 10149925 2024-04-30 10149925 2023-05-01 2024-04-30 10149925 frs-core:CurrentFinancialInstruments 2024-04-30 10149925 frs-core:Non-currentFinancialInstruments 2024-04-30 10149925 frs-core:MotorVehicles 2023-05-01 2024-04-30 10149925 frs-core:RevaluationReserve 2023-05-01 2024-04-30 10149925 frs-core:RevaluationReserve 2023-04-30 10149925 frs-core:RevaluationReserve 2024-04-30 10149925 frs-core:ShareCapital 2024-04-30 10149925 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10149925 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10149925 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10149925 frs-bus:SmallEntities 2023-05-01 2024-04-30 10149925 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10149925 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10149925 1 2023-05-01 2024-04-30 10149925 frs-bus:Director1 2023-05-01 2024-04-30 10149925 frs-countries:EnglandWales 2023-05-01 2024-04-30 10149925 2022-04-30 10149925 2023-04-30 10149925 2022-05-01 2023-04-30 10149925 frs-core:CurrentFinancialInstruments 2023-04-30 10149925 frs-core:Non-currentFinancialInstruments 2023-04-30 10149925 frs-core:RevaluationReserve 2023-04-30 10149925 frs-core:ShareCapital 2023-04-30 10149925 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10149925
Webb Homes ltd
Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10149925
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 11,550 -
Investment Properties 4 1,420,000 1,303,383
1,431,550 1,303,383
CURRENT ASSETS
Debtors 5 - 599
Cash at bank and in hand 5,106 2,857
5,106 3,456
Creditors: Amounts Falling Due Within One Year 6 (493,483 ) (390,954 )
NET CURRENT ASSETS (LIABILITIES) (488,377 ) (387,498 )
TOTAL ASSETS LESS CURRENT LIABILITIES 943,173 915,885
Creditors: Amounts Falling Due After More Than One Year 7 (589,397 ) (589,397 )
NET ASSETS 353,776 326,488
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 389,368 374,246
Profit and Loss Account (35,692 ) (47,858 )
SHAREHOLDERS' FUNDS 353,776 326,488
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Webby Adrian Jamel
Director
06/12/2024
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
Webb Homes ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10149925 . The registered office is 89 Croydon Road, London, England, CR0 4QF.
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.
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. 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:
Motor Vehicles 25% 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Investment Property
2024
£
Fair Value
As at 1 May 2023 1,303,383
Additions 101,495
Revaluations 15,122
As at 30 April 2024 1,420,000
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Rent Deposit (Debtors < 1 year) - 599
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Rent Deposit (Creditors < 1 year) 484 -
Director's loan account 492,999 390,954
493,483 390,954
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 589,397 589,397
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 1 May 2023 374,246
Surplus on revaluation 15,122
As at 30 April 2024 389,368
10. Related Party Transactions
As at balance sheet date company owed to the director £492,999.
11. Ultimate Controlling Party
The company's ultimate controlling party is Webby Jamel by virtue of his ownership of the issued share capital in the company.
Page 4