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 01464977 Mr P I Wilson Mrs A S Wilson Ms M G Wilson Ms K A Jude Mr S M Wilson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01464977 2023-05-31 01464977 2024-05-31 01464977 2023-06-01 2024-05-31 01464977 frs-core:CurrentFinancialInstruments 2024-05-31 01464977 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 01464977 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01464977 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 01464977 frs-core:RevaluationReserve 2023-06-01 2024-05-31 01464977 frs-core:RevaluationReserve 2023-05-31 01464977 frs-core:RevaluationReserve 2024-05-31 01464977 frs-core:ShareCapital 2024-05-31 01464977 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 01464977 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 01464977 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 01464977 frs-bus:SmallEntities 2023-06-01 2024-05-31 01464977 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 01464977 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 01464977 frs-core:CostValuation 2023-05-31 01464977 frs-core:CostValuation 2024-05-31 01464977 frs-core:ProvisionsForImpairmentInvestments 2023-05-31 01464977 frs-core:ProvisionsForImpairmentInvestments 2024-05-31 01464977 frs-bus:Director1 2023-06-01 2024-05-31 01464977 frs-bus:Director2 2023-06-01 2024-05-31 01464977 frs-bus:Director3 2023-06-01 2024-05-31 01464977 frs-bus:Director4 2023-06-01 2024-05-31 01464977 frs-bus:Director5 2023-06-01 2024-05-31 01464977 frs-countries:EnglandWales 2023-06-01 2024-05-31 01464977 2022-05-31 01464977 2023-05-31 01464977 2022-06-01 2023-05-31 01464977 frs-core:CurrentFinancialInstruments 2023-05-31 01464977 frs-core:RevaluationReserve 2023-05-31 01464977 frs-core:ShareCapital 2023-05-31 01464977 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 01464977
Wilson-Mottaz 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—6
Page 1
Balance Sheet
Registered number: 01464977
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment property 4 850,000 775,000
Fixed asset investments 5 100,753 100,753
950,753 875,753
CURRENT ASSETS
Debtors 6 786,621 786,523
Cash at bank and in hand 33,764 73,522
820,385 860,045
Creditors: Amounts Falling Due Within One Year 7 (5,974 ) (6,248 )
NET CURRENT ASSETS (LIABILITIES) 814,411 853,797
TOTAL ASSETS LESS CURRENT LIABILITIES 1,765,164 1,729,550
PROVISIONS FOR LIABILITIES
Deferred Taxation (85,908 ) (67,158 )
NET ASSETS 1,679,256 1,662,392
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Revaluation reserve 10 268,138 211,888
Profit and Loss Account 1,410,118 1,449,504
SHAREHOLDERS' FUNDS 1,679,256 1,662,392
Page 1
Page 2
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
Mrs A S Wilson
Director
22/11/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wilson-Mottaz Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01464977 . The registered office is 290 Milton Road, Cambridge, CB4 1LH.
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
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.
The company opts to account for investment property occupies by another group company as investment property and has not taken the option now available in FRS 102 to treat such property as a tangible fixed asset.
Page 3
Page 4
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.
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.
2.7. Fixed asset investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit or loss account.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
Page 4
Page 5
4. Investment property
Land & Property
Freehold
£
Cost or Valuation
As at 1 June 2023 775,000
Revaluation 75,000
As at 31 May 2024 850,000
Net Book Value
As at 31 May 2024 850,000
As at 1 June 2023 775,000
The 2024 and 2023 valuations were made by the board of directors, on an open market value for existing use basis. 
5. Fixed asset investments
Subsidiaries
£
Cost
As at 1 June 2023 100,753
As at 31 May 2024 100,753
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 100,753
As at 1 June 2023 100,753
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 786,523 786,523
Other debtors 98 -
786,621 786,523
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 250 1,163
Taxation and social security 5,724 5,085
5,974 6,248
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 140,000 600,000
2024
2023
£
£
Dividends received from shares in group undertakings
80,000
image
600,000
image
10. Reserves
Revaluation Reserve
£
As at 1 June 2023 211,888
Surplus on revaluation 56,250
As at 31 May 2024 268,138
11. Related Party Transactions
The company has a long term loan of £786,523 (2023: £786,523) to one of its subsidiary undertakings. This arrangement differs from that which would be expected in an arm's length transaction in that the loan has no fixed repayment date and does not bear any interest.
Page 6