Acorah Software Products - Accounts Production 16.1.300 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10712596 Mr Nicholas Clarke Mr Nicholas Davis Mr Nicholas Clarke Bank House, 81 St Judes Road, Englefield Green, TW20 0DF true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10712596 2023-04-30 10712596 2024-04-30 10712596 2023-05-01 2024-04-30 10712596 frs-core:CurrentFinancialInstruments 2024-04-30 10712596 frs-core:Non-currentFinancialInstruments 2024-04-30 10712596 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 10712596 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 10712596 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 10712596 frs-core:PlantMachinery 2024-04-30 10712596 frs-core:PlantMachinery 2023-05-01 2024-04-30 10712596 frs-core:PlantMachinery 2023-04-30 10712596 frs-core:SharePremium 2024-04-30 10712596 frs-core:ShareCapital 2024-04-30 10712596 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10712596 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10712596 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10712596 frs-bus:SmallEntities 2023-05-01 2024-04-30 10712596 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10712596 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10712596 1 2023-05-01 2024-04-30 10712596 frs-bus:Director1 2023-05-01 2024-04-30 10712596 frs-bus:Director2 2023-05-01 2024-04-30 10712596 frs-core:Non-currentFinancialInstruments 1 2024-04-30 10712596 frs-core:Non-currentFinancialInstruments 2 2024-04-30 10712596 frs-countries:EnglandWales 2023-05-01 2024-04-30 10712596 2022-04-30 10712596 2023-04-30 10712596 2022-05-01 2023-04-30 10712596 frs-core:CurrentFinancialInstruments 2023-04-30 10712596 frs-core:Non-currentFinancialInstruments 2023-04-30 10712596 frs-core:SharePremium 2023-04-30 10712596 frs-core:ShareCapital 2023-04-30 10712596 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 10712596 frs-core:Non-currentFinancialInstruments 1 2023-04-30 10712596 frs-core:Non-currentFinancialInstruments 2 2023-04-30
Registered number: 10712596
Weyborne Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr Nicholas Clarke
Mr Nicholas Davis
Company Number 10712596
Registered Office Marlborough House
298 Regents Park
London
N3 2SZ
Bankers NatWest Group plc
8 - 10 South Street
London
RM1 1RD
Solicitors Mishcon de Reya
Africa House
70 Kingsway
London
WC2B 6AH
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Balance Sheet
Registered number: 10712596
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 772,883 783,413
772,883 783,413
CURRENT ASSETS
Inventory 5 741,261 368,081
Debtors 6 17,188 39,903
Cash at bank and in hand 51,297 4,261
809,746 412,245
Creditors: Amounts Falling Due Within One Year 7 (928,254 ) (139,216 )
NET CURRENT ASSETS (LIABILITIES) (118,508 ) 273,029
TOTAL ASSETS LESS CURRENT LIABILITIES 654,375 1,056,442
Creditors: Amounts Falling Due After More Than One Year 8 (4,336,026 ) (4,086,331 )
NET LIABILITIES (3,681,651 ) (3,029,889 )
CAPITAL AND RESERVES
Called up share capital 4 4
Share premium account 285,521 285,521
Profit and Loss Account (3,967,176 ) (3,315,414 )
SHAREHOLDERS' FUNDS (3,681,651) (3,029,889)
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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 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 Nicholas Clarke
Director
27 January 2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Weyborne Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10712596 . The registered office is Marlborough House, 298 Regents Park, London, N3 2SZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared in GBP which is the functional currency of Weyborne Limited (the 'Company'). The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the requirements of the Companies Act 2006 as applied to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis, the validity of which is dependent on the continuing financial support of the ultimate parent company and shareholder. The directors and shareholder of the ultimate parent company have confirmed this support will continue and will enable the company to trade for the foreseeable future and meet its financial commitments as they fall due.
2.3. 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.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold Over the period of the lease
Plant & Machinery 4 to 15 years
2.5. Stocks and Work in Progress
Stock and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
2.8. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 3)
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 May 2023 663,773 595,618 1,259,391
Additions 80,852 - 80,852
Disposals - (31,748 ) (31,748 )
As at 30 April 2024 744,625 563,870 1,308,495
Depreciation
As at 1 May 2023 89,039 386,939 475,978
Provided during the period 50,117 9,517 59,634
As at 30 April 2024 139,156 396,456 535,612
Net Book Value
As at 30 April 2024 605,469 167,414 772,883
As at 1 May 2023 574,734 208,679 783,413
5. Inventory
2024 2023
£ £
Stock 741,261 368,081
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,880 4,929
Other debtors 13,308 34,974
17,188 39,903
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 49,992 84,994
Other taxes and social security 7,991 7,915
Other creditors 9,084 4,107
Directors' loan accounts 91,987 -
Amounts owed to related parties 769,200 42,200
928,254 139,216
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Razzmatazz Estates loan 3,112,667 3,112,667
Razzmatazz Estates interest 1,223,359 973,664
4,336,026 4,086,331
9. Related Party Transactions
All transactions with related parties are made at normal market prices. Except for the transactions listed below, there have been no transactions with related parties who are not members of the group during the year ended 30 April 2024.
The company had intercompany transactions of £727,000 (2023: £654,996) with Curzon Resources Limited, a company under common control of the director Mr Nicholas Clarke, owing £769,200 (2023: £42,000) at the year-end.
The company had intercompany transactions of £4,785 (2023: nil) with Curzon International Investments Limited, a company under common control of the director Mr Nicholas Clarke, owing nil (2023: nil) at the year-end.
The company had intercompany transactions of £14,100 (2023: £600) with Curzon Uranium Limited, a company under common control of the director Mr Nicholas Clarke, owing nil (2023: nil) at the year-end.
The company had transactions of £91,987 (2023: £1,026) with the director, Mr Nicholas Clarke, during the year, who was owed £91,987 (2023: nil) at the year-end.
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Salkeld Limited . Salkeld Limited was incorporated in England. The ultimate controlling party is Mr Nicholas Clarke .
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