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 09365872 Mr William Casement Mr William Casement iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09365872 2023-05-31 09365872 2024-05-31 09365872 2023-06-01 2024-05-31 09365872 frs-core:CurrentFinancialInstruments 2024-05-31 09365872 frs-core:Non-currentFinancialInstruments 2024-05-31 09365872 frs-core:ComputerEquipment 2024-05-31 09365872 frs-core:ComputerEquipment 2023-06-01 2024-05-31 09365872 frs-core:ComputerEquipment 2023-05-31 09365872 frs-core:ShareCapital 2024-05-31 09365872 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09365872 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09365872 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09365872 frs-bus:SmallEntities 2023-06-01 2024-05-31 09365872 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09365872 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09365872 frs-core:UnlistedNon-exchangeTraded 2024-05-31 09365872 frs-core:UnlistedNon-exchangeTraded 2023-05-31 09365872 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-05-31 09365872 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-05-31 09365872 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-05-31 09365872 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-05-31 09365872 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-05-31 09365872 frs-bus:Director1 2023-06-01 2024-05-31 09365872 frs-bus:Director2 2023-06-01 2024-05-31 09365872 frs-countries:EnglandWales 2023-06-01 2024-05-31 09365872 2022-05-31 09365872 2023-05-31 09365872 2022-06-01 2023-05-31 09365872 frs-core:CurrentFinancialInstruments 2023-05-31 09365872 frs-core:Non-currentFinancialInstruments 2023-05-31 09365872 frs-core:ShareCapital 2023-05-31 09365872 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 09365872
W Casement Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09365872
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 668 -
Investment Properties 5 2,726,428 2,705,878
Investments 6 - 221,977
2,727,096 2,927,855
CURRENT ASSETS
Stocks 7 208,464 208,464
Debtors 8 - 39,941
Cash at bank and in hand 144,615 59,814
353,079 308,219
Creditors: Amounts Falling Due Within One Year 9 (7,115 ) (5,083 )
NET CURRENT ASSETS (LIABILITIES) 345,964 303,136
TOTAL ASSETS LESS CURRENT LIABILITIES 3,073,060 3,230,991
Creditors: Amounts Falling Due After More Than One Year 10 (573,938 ) (581,354 )
NET ASSETS 2,499,122 2,649,637
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 2,499,022 2,649,537
SHAREHOLDERS' FUNDS 2,499,122 2,649,637
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
Mr William Casement
Director
11/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
W Casement Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09365872 . The registered office is Suite 9b, Turner Business Centre, Greengate, Middleton, Manchester, M24 1RU.
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. 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:
Computer Equipment 33% Straight Line
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.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 290
Additions 1,002
As at 31 May 2024 1,292
Depreciation
As at 1 June 2023 290
Provided during the period 334
As at 31 May 2024 624
Net Book Value
As at 31 May 2024 668
As at 1 June 2023 -
5. Investment Property
2024
£
Fair Value
As at 1 June 2023 2,705,878
Additions 20,550
As at 31 May 2024 2,726,428
6. Investments
Unlisted
£
Cost
As at 1 June 2023 221,977
Disposals (221,977 )
As at 31 May 2024 -
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 221,977
7. Stocks
2024 2023
£ £
Stock 208,464 208,464
Page 4
Page 5
8. Debtors
2024 2023
£ £
Due within one year
Other debtors - 39,941
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,468 4,706
Other creditors 240 72
Taxation and social security 407 305
7,115 5,083
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 573,938 581,354
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5