Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10913278 Dr A Walker Ms A L Walker Mrs R A Walker Ms E S Walker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10913278 2023-08-31 10913278 2024-08-31 10913278 2023-09-01 2024-08-31 10913278 frs-core:CurrentFinancialInstruments 2024-08-31 10913278 frs-core:RevaluationReserve 2023-09-01 2024-08-31 10913278 frs-core:RevaluationReserve 2023-08-31 10913278 frs-core:RevaluationReserve 2024-08-31 10913278 frs-core:ShareCapital 2024-08-31 10913278 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10913278 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10913278 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10913278 frs-bus:SmallEntities 2023-09-01 2024-08-31 10913278 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10913278 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10913278 frs-bus:OrdinaryShareClass1 2023-09-01 2024-08-31 10913278 frs-bus:OrdinaryShareClass1 2024-08-31 10913278 frs-bus:Director1 2023-09-01 2024-08-31 10913278 frs-bus:Director2 2023-09-01 2024-08-31 10913278 frs-bus:Director3 2023-09-01 2024-08-31 10913278 frs-bus:Director4 2023-09-01 2024-08-31 10913278 frs-countries:EnglandWales 2023-09-01 2024-08-31 10913278 2022-08-31 10913278 2023-08-31 10913278 2022-09-01 2023-08-31 10913278 frs-core:CurrentFinancialInstruments 2023-08-31 10913278 frs-core:RevaluationReserve 2023-08-31 10913278 frs-core:ShareCapital 2023-08-31 10913278 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 10913278 frs-bus:OrdinaryShareClass1 2022-09-01 2023-08-31
Registered number: 10913278
Walker & Daughters Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10913278
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 588,422 350,000
588,422 350,000
CURRENT ASSETS
Debtors 5 170 591
Cash at bank and in hand 10,888 5,679
11,058 6,270
Creditors: Amounts Falling Due Within One Year 6 (285,231 ) (46,354 )
NET CURRENT ASSETS (LIABILITIES) (274,173 ) (40,084 )
TOTAL ASSETS LESS CURRENT LIABILITIES 314,249 309,916
PROVISIONS FOR LIABILITIES
Deferred Taxation (105,687 ) (63,587 )
NET ASSETS 208,562 246,329
CAPITAL AND RESERVES
Called up share capital 7 4 4
Revaluation reserve 8 228,981 271,081
Profit and Loss Account (20,423 ) (24,756 )
SHAREHOLDERS' FUNDS 208,562 246,329
Page 1
Page 2
For the year ending 31 August 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 R A Walker
Director
5 March 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
Walker & Daughters Ltd is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rental income
Rental income from operating leases (net of any incentives given to the lessees) is recognised on a straightline basis over the lease term.
2.3. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss
The fair value of £588,422 is base upon a valuation by director Ruth Walker. In the opinion of the directors the investment property is included at an amount that accords to its fair value at the balance sheet date.
2.4. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.  
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements.  Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.5. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.6. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
Page 3
Page 4
4. Investment Property
2024
£
Fair Value
As at 1 September 2023 350,000
Additions 238,422
As at 31 August 2024 588,422
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 23,754 15,332
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 170 183
Other debtors - 408
170 591
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 238 9
Accruals and deferred income 1,240 1,152
Directors' loan accounts 283,753 45,193
285,231 46,354
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
4 Ordinary Shares of £ 1.00 each 4 4
8. Reserves
Revaluation Reserve
£
As at 1 September 2023 271,081
Transfer to profit and loss - deferred tax movement (42,100 )
As at 31 August 2024 228,981
Page 4