Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 12585811 Qagdorm6 Ltd Mr Mark Tooth Qubic Trustees Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12585811 2023-09-30 12585811 2024-09-30 12585811 2023-10-01 2024-09-30 12585811 frs-core:CurrentFinancialInstruments 2024-09-30 12585811 frs-core:Non-currentFinancialInstruments 2024-09-30 12585811 frs-core:OtherReservesSubtotal 2024-09-30 12585811 frs-core:ShareCapital 2024-09-30 12585811 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12585811 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12585811 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 12585811 frs-bus:SmallEntities 2023-10-01 2024-09-30 12585811 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12585811 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12585811 1 2023-10-01 2024-09-30 12585811 frs-bus:Director1 2023-10-01 2024-09-30 12585811 frs-bus:Director1 2023-09-30 12585811 frs-bus:Director1 2024-09-30 12585811 frs-bus:Director2 2023-10-01 2024-09-30 12585811 frs-core:Non-currentFinancialInstruments 1 2024-09-30 12585811 frs-core:CurrentFinancialInstruments 2 2024-09-30 12585811 frs-countries:EnglandWales 2023-10-01 2024-09-30 12585811 2022-09-30 12585811 2023-09-30 12585811 2022-10-01 2023-09-30 12585811 frs-core:CurrentFinancialInstruments 2023-09-30 12585811 frs-core:Non-currentFinancialInstruments 2023-09-30 12585811 frs-core:OtherReservesSubtotal 2023-09-30 12585811 frs-core:ShareCapital 2023-09-30 12585811 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 12585811 frs-core:Non-currentFinancialInstruments 1 2023-09-30 12585811 frs-core:CurrentFinancialInstruments 2 2023-09-30
Registered number: 12585811
Wyepak (Holdings) Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12585811
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 5,509,238 5,392,746
Investments 5 100 100
5,509,338 5,392,846
Creditors: Amounts Falling Due Within One Year 6 (129,233 ) (128,772 )
NET CURRENT ASSETS (LIABILITIES) 5,380,105 5,264,074
TOTAL ASSETS LESS CURRENT LIABILITIES 5,380,105 5,264,074
Creditors: Amounts Falling Due After More Than One Year 7 (2,414,000 ) (2,212,000 )
NET ASSETS 2,966,105 3,052,074
CAPITAL AND RESERVES
Called up share capital 8 100 100
Other reserves 2,329,000 2,409,000
Profit and Loss Account 637,005 642,974
SHAREHOLDERS' FUNDS 2,966,105 3,052,074
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
Mr Mark Tooth
Director
16/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Wyepak (Holdings) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12585811 . The registered office is 2 St James Gate, Newcastle Upon Tyne, NE1 4AD.
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. Pensions
For a defined benefit scheme,  the liability recorded in the balance sheet is the present value of the defined obligation at that date. The defined benefit obligation is calculated on an annual basis by independent actuaries.
Actuarial gains and losses are recognised in full in the period in which they occur and are shown in Other Comprehensive Income.
Current and past service costs, along with settlements or curtailments, are charged to the Income Statement. Interest on pension plan liabilities are recognised within finance expense.
Employer Pension Obligations
The Company has agreed to fund a defined benefit pension scheme in respect of key employees. The most recent actuarial valuation on the obligations of £2,414,000 (2023 - £2,212,000) was on 30/09/2024.  During the year the expense incurred was £122,000 (2023 - £16,000)
The principal assumptions used are:
  • Discount rate - 5.1%
  • Inflation RPI - 3.3%
  • Inflation CPI - 2.4%
  • Pre and Post Retirement mortality - S4PMA tables with improvements in the CMI 2023 model and a long term rate of improvement of 1%
2024 / 2023
Present value of defined benefit obligation £2,414,000 / £2,212,000
Fair value of scheme assets £0 / £0
Liability recognised in the balance sheet £2,414,000 / £2,212,000
Movements in the present value of the defined benefit obligations were as follows:
2024
At the beginning of the year £2,212,000
Interest cost £122,000
Actuarial gains £80,000
At the end of the year £2,414,000
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,261,209 2,216,189
Investment loan 514,707 503,381
Directors' loan accounts 2,733,322 2,673,176
5,509,238 5,392,746
5. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 100 100
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,889 -
Intercompany account - creditor 126,384 126,384
Accruals and deferred income 960 2,388
129,233 128,772
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Long-term pension liabilities 2,414,000 2,212,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Mark Tooth 2,673,176 60,146 - - 2,733,322
The above loan is unsecured, repayable on demand and interest is charged at HMRC's Official Rate of Interest.
10. Related Party Transactions
Mr James CooperFormer employee and Director of Wyepak Limited (registered company number 08685543) - wholly owned subsidiary of the CompanyDuring the year-ended 30th September 2023, the Company paid an amount of £500,000 to Mr James Cooper, by way of loan. Nothing has been repaid during the year, outstanding at the balance sheet date is £514,707 (2023: £503,381)

Mr James Cooper

Former employee and Director of Wyepak Limited (registered company number 08685543) - wholly owned subsidiary of the Company

During the year-ended 30th September 2023, the Company paid an amount of £500,000 to Mr James Cooper, by way of loan. Nothing has been repaid during the year, outstanding at the balance sheet date is £514,707 (2023: £503,381)

Wyepak LimitedWholly owned subsidiaryIncluded in Other Creditors is a balance of £126,384 (2023: £126,384) owed to related party, Wyepak Limited. No interest has been charged on this balance.

Wyepak Limited

Wholly owned subsidiary

Included in Other Creditors is a balance of £126,384 (2023: £126,384) owed to related party, Wyepak Limited. No interest has been charged on this balance.

11. Ultimate Controlling Party
The company's ultimate controlling party is Qubic Trustees Ltd (a company registered in England and wales) by virtue of their ownership of 100% of the issued share capital in the company.  The registered office of Qubic Trustees Ltd is 2 St James Gate, Newcastle Upon Tyne, NE1 4AD
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