Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 04676174 Mr P I Wilson Ms M G Wilson Ms K A Jude Mr S M Wilson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04676174 2023-05-31 04676174 2024-05-31 04676174 2023-06-01 2024-05-31 04676174 frs-core:Non-currentFinancialInstruments 2024-05-31 04676174 frs-core:FurnitureFittings 2024-05-31 04676174 frs-core:FurnitureFittings 2023-06-01 2024-05-31 04676174 frs-core:FurnitureFittings 2023-05-31 04676174 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04676174 frs-core:RevaluationReserve 2023-06-01 2024-05-31 04676174 frs-core:RevaluationReserve 2023-05-31 04676174 frs-core:RevaluationReserve 2024-05-31 04676174 frs-core:ShareCapital 2024-05-31 04676174 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 04676174 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04676174 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 04676174 frs-bus:SmallEntities 2023-06-01 2024-05-31 04676174 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 04676174 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 04676174 1 2023-06-01 2024-05-31 04676174 frs-core:CostValuation 2023-05-31 04676174 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-05-31 04676174 frs-core:CostValuation 2024-05-31 04676174 frs-core:ProvisionsForImpairmentInvestments 2023-05-31 04676174 frs-core:ProvisionsForImpairmentInvestments 2024-05-31 04676174 frs-bus:Director1 2023-06-01 2024-05-31 04676174 frs-bus:Director2 2023-06-01 2024-05-31 04676174 frs-bus:Director3 2023-06-01 2024-05-31 04676174 frs-bus:Director4 2023-06-01 2024-05-31 04676174 frs-countries:EnglandWales 2023-06-01 2024-05-31 04676174 2022-05-31 04676174 2023-05-31 04676174 2022-06-01 2023-05-31 04676174 frs-core:Non-currentFinancialInstruments 2023-05-31 04676174 frs-core:RevaluationReserve 2023-05-31 04676174 frs-core:ShareCapital 2023-05-31 04676174 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 04676174
Wilson-Mottaz Property Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Devonports LAS Accountants Ltd
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04676174
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment property 5 927,000 922,000
927,000 922,000
CURRENT ASSETS
Debtors 6 2,009 948
Cash at bank and in hand 40,071 44,553
42,080 45,501
Creditors: Amounts Falling Due Within One Year 7 (2,345 ) (5,183 )
NET CURRENT ASSETS (LIABILITIES) 39,735 40,318
TOTAL ASSETS LESS CURRENT LIABILITIES 966,735 962,318
Creditors: Amounts Falling Due After More Than One Year 8 (786,523 ) (786,523 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (67,356 ) (66,106 )
NET ASSETS 112,856 109,689
CAPITAL AND RESERVES
Called up share capital 10 70,001 70,001
Revaluation reserve 11 361,457 357,707
Profit and Loss Account (318,602 ) (318,019 )
SHAREHOLDERS' FUNDS 112,856 109,689
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For the year ending 31 May 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 P I Wilson
Director
22/11/2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Wilson-Mottaz Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04676174 . The registered office is Cambridge Electronic Industries Limited, Unit 4 Pembroke Avenue, Waterbeach, Cambridge, CB25 9QR.
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.
The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principle accounting policies adopted are set out below.
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. 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:
Freehold held at fair value
Plant and machinery etc 20% reducing balance
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.
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2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are not offset.
Basic financial liabilities
The loan from the company's parent undertaking is held at face value and does not attract interest. This is repayable when the company's investment properties are sold, however since the directors have not plans to sell any properties in the next 12 months, this is classified as a creditor due over 1 year. The loan is discounted as it is not known when it will be repayable.
2.6. 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.
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 assets reflect 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: 4 (2023: 4)
4 4
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4. Tangible Assets
Plant and machinery etc
£
Cost
As at 1 June 2023 1,665
As at 31 May 2024 1,665
Depreciation
As at 1 June 2023 1,665
As at 31 May 2024 1,665
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
5. Investment property
Other
£
Cost
As at 1 June 2023 922,000
Revaluations 5,000
As at 31 May 2024 927,000
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 927,000
As at 1 June 2023 922,000
The 2024 and 2023 valuations were made by the board of directors, on an open market value for existing use basis.
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,009 948
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 2,345 5,183
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 786,523 786,523
9. Deferred Taxation
2024
2023
£
£
Origination and reversal of timing differences
1,250
image
3,000
image
The company has trading losses to carry forward of £19,677 (2023: £19,677).
2024 2023
£ £
Other timing differences 67,356 66,106
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 70,001 70,001
11. Reserves
Revaluation Reserve
£
As at 1 June 2023 357,707
Surplus on revaluation 3,750
As at 31 May 2024 361,457
12. Related Party Transactions
The company has a loan from its parent undertaking of £786,523 (2023: £786,523). This differs from normal commercial terms in that it is interest free and has no fixed repayment date.
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13. Ultimate Controlling Party
The company's parent undertaking is Wilson-Mottaz Limited, whose registered office is 290 Milton Road, Cambridge, CB4 1LH. 
The company's ultimate controlling party is Mrs A S Wilson by virtue of her holding a majority of the voting shares in Wilson-Mottaz Limited.
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