Acorah Software Products - Accounts Production 16.1.300 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 12195730 Adam Wright Andrew McEwen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12195730 2023-09-30 12195730 2024-09-30 12195730 2023-10-01 2024-09-30 12195730 frs-core:CurrentFinancialInstruments 2024-09-30 12195730 frs-core:Non-currentFinancialInstruments 2024-09-30 12195730 frs-core:ShareCapital 2024-09-30 12195730 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12195730 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12195730 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 12195730 frs-bus:SmallEntities 2023-10-01 2024-09-30 12195730 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12195730 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12195730 frs-bus:Director1 2023-10-01 2024-09-30 12195730 frs-bus:Director2 2023-10-01 2024-09-30 12195730 frs-countries:EnglandWales 2023-10-01 2024-09-30 12195730 2022-09-30 12195730 2023-09-30 12195730 2022-10-01 2023-09-30 12195730 frs-core:CurrentFinancialInstruments 2023-09-30 12195730 frs-core:Non-currentFinancialInstruments 2023-09-30 12195730 frs-core:ShareCapital 2023-09-30 12195730 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 12195730
AWM Homes Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12195730
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 563,197 558,072
Debtors 5 - 826
Cash at bank and in hand 6,088 999
569,285 559,897
Creditors: Amounts Falling Due Within One Year 6 (424,504 ) (614,195 )
NET CURRENT ASSETS (LIABILITIES) 144,781 (54,298 )
TOTAL ASSETS LESS CURRENT LIABILITIES 144,781 (54,298 )
Creditors: Amounts Falling Due After More Than One Year 7 (214,749 ) -
NET LIABILITIES (69,968 ) (54,298 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (70,068 ) (54,398 )
SHAREHOLDERS' FUNDS (69,968) (54,298)
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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 Profit and Loss Account.
On behalf of the board
Adam Wright
Director
4 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
AWM Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12195730 . The registered office is 809 Salisbury House 29 Finsbury Circus, London, EC2M 7AQ.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors believe that the company would have sufficient resources to continue to trade for foreseeable future.
2.3. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Income from investment properties
Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.
Service charge income is recognised as revenue in the period to which it relates.
2.4. 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
4. Stocks
2024 2023
£ £
Stock - Properties under development 563,197 558,072
5. Debtors
2024 2023
£ £
Due within one year
VAT - 826
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 324 410
VAT 106 -
Other creditors - 100,000
Accruals and deferred income 1,057 11,098
Directors' loan accounts 423,017 352,687
Amounts owed to related parties - 150,000
424,504 614,195
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 214,749 -
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 214,749 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included in creditors due within one year is an amount of £423,017 (2023: £352,687 ) owed to its directors. The amount is interest free and repayable on demand.
Included in creditors due within one year is an amount of Nil (2023: £150,000) owed to a company in which one of the director has beneficial interest. The amount is repayable on demand and an interest of £478 has been charged on this balance during the year.
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