Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 01338588 Mr S Weller Mr A Modi true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01338588 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-09-30 01338588 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-09-30 01338588 2023-09-30 01338588 2024-09-30 01338588 2023-10-01 2024-09-30 01338588 frs-core:CurrentFinancialInstruments 2024-09-30 01338588 frs-core:Non-currentFinancialInstruments 2024-09-30 01338588 frs-core:ShareCapital 2024-09-30 01338588 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 01338588 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01338588 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 01338588 frs-bus:SmallEntities 2023-10-01 2024-09-30 01338588 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 01338588 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01338588 1 2023-10-01 2024-09-30 01338588 frs-bus:Director1 2023-10-01 2024-09-30 01338588 frs-bus:Director2 2023-10-01 2024-09-30 01338588 frs-core:CurrentFinancialInstruments 1 2024-09-30 01338588 frs-countries:EnglandWales 2023-10-01 2024-09-30 01338588 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2023-09-30 01338588 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2023-09-30 01338588 2022-09-30 01338588 2023-09-30 01338588 2022-10-01 2023-09-30 01338588 frs-core:CurrentFinancialInstruments 2023-09-30 01338588 frs-core:Non-currentFinancialInstruments 2023-09-30 01338588 frs-core:ShareCapital 2023-09-30 01338588 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 01338588 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: 01338588
D.S. Weller (Investment) Limited
Financial Statements
For The Year Ended 30 September 2024
ANDREW MURRAY & CO
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 01338588
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 4,021,659 4,021,659
4,021,659 4,021,659
CURRENT ASSETS
Debtors 5 1,669 1,787
Cash at bank and in hand 60,714 81,792
62,383 83,579
Creditors: Amounts Falling Due Within One Year 6 (142,073 ) (99,717 )
NET CURRENT ASSETS (LIABILITIES) (79,690 ) (16,138 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,941,969 4,005,521
Creditors: Amounts Falling Due After More Than One Year 7 (2,116,250 ) (2,146,250 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (324,135 ) (324,135 )
NET ASSETS 1,501,584 1,535,136
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 1,501,484 1,535,036
SHAREHOLDERS' FUNDS 1,501,584 1,535,136
Page 1
Page 2
For the year ending 30 September 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 Income Statement.
On behalf of the board
Mr S Weller
Director
14th February 2025
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
D.S. Weller (Investment) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01338588 . The registered office is 144 - 146 King's Cross Road, London, WC1X 9DU.
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. 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 income statement.
2.3. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 October 2023 and 30 September 2024 4,021,659
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,669 1,787
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 30,000 7,500
Corporation tax 5,031 5,807
Other creditors 15,285 8,200
Rental Deposits 38,092 37,140
Accruals and deferred income 40,465 40,085
Directors' loan accounts 6,600 985
Other Creditor 6,600 -
142,073 99,717
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,116,250 2,146,250
8. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 30,000 7,500
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans 2,116,250 2,146,250
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Contingent Liabilities
The property 140 A Upper Street, London, N1 1QY, needs extensive repairs to the front facade. The quote for
this work is £142,500.
11. Controlling Parties
The two directors are Mr S. B. Weller and Mr Ashish Modi. Management Charges of £15,000 were paid to
Ashray Constructions Limited in which Mr Ashish Modi is a director and shareholder. The directors were paid
dividends of £55,000 during the year.
The company is under the control of Mr S.B. Weller who is a director and majority shareholder.
Page 4