Acorah Software Products - Accounts Production 16.1.300 false true true false 22 March 2023 31 March 2024 31 March 2024 14748016 Mr Asim Hussain Mr Khan Hassan Mr Asim Hussain iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14748016 2023-03-21 14748016 2024-03-31 14748016 2023-03-22 2024-03-31 14748016 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-22 2024-03-31 14748016 frs-core:ShareCapital 2024-03-31 14748016 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14748016 frs-bus:PrivateLimitedCompanyLtd 2023-03-22 2024-03-31 14748016 frs-bus:AbridgedAccounts 2023-03-22 2024-03-31 14748016 frs-bus:SmallEntities 2023-03-22 2024-03-31 14748016 frs-bus:AuditExempt-NoAccountantsReport 2023-03-22 2024-03-31 14748016 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-22 2024-03-31 14748016 frs-bus:Director1 2023-03-22 2024-03-31 14748016 frs-bus:Director2 2023-03-22 2024-03-31 14748016 frs-bus:CompanySecretary1 2023-03-22 2024-03-31 14748016 frs-countries:EnglandWales 2023-03-22 2024-03-31
Registered number: 14748016
Wats Developers Ltd
Unaudited ABRIDGED Financial Statements
For the Period 22 March 2023 to 31 March 2024
Partner Accountancy Limited
Contents
Page
Abridged Balance Sheet 1
Notes to the Abridged Financial Statements 2
Page 1
Abridged Balance Sheet
Registered number: 14748016
31 March 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 452,418
452,418
Creditors: Amounts Falling Due Within One Year (503,725 )
NET CURRENT ASSETS (LIABILITIES) (503,725 )
TOTAL ASSETS LESS CURRENT LIABILITIES (51,307 )
NET LIABILITIES (51,307 )
CAPITAL AND RESERVES
Called up share capital 5 2
Profit and Loss Account (51,309 )
SHAREHOLDERS' FUNDS (51,307)
For the period ending 31 March 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Asim Hussain
Director
26 February 2025
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Abridged Financial Statements
1. General Information
Wats Developers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14748016 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
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. Going Concern Disclosure
The accounts have been prepared on a going concern basis, despite the fact that gross liabilities of the company exceed its assets at the balance sheet date.  In arriving at this conclusion the company is reliant upon the continued support of the company's bankers and directors.
While the company remains subject to the same economic uncertainties confronting all businesses, the directors continually take steps to identify, manage and mitigate business risk.  The results for the current financial year are showing substantial improvement and as such the basis of preparation is considered to be satisfactory.
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 NIL
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Total
£
Cost
As at 22 March 2023 -
Additions 452,418
As at 31 March 2024 452,418
Net Book Value
As at 31 March 2024 452,418
As at 22 March 2023 -
5. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 2
Page 2