Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 SC346788 Mr WILLIAM KELLY Mr WILLIAM KELLY Mr E McGhee Mr Edward McGhee Mrs Lynne McGhee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC346788 2023-08-31 SC346788 2024-08-31 SC346788 2023-09-01 2024-08-31 SC346788 frs-core:CurrentFinancialInstruments 2024-08-31 SC346788 frs-core:Non-currentFinancialInstruments 2024-08-31 SC346788 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 SC346788 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 SC346788 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 SC346788 frs-core:RevaluationReserve 2023-08-31 SC346788 frs-core:RevaluationReserve 2024-08-31 SC346788 frs-core:ShareCapital 2024-08-31 SC346788 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC346788 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC346788 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC346788 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC346788 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC346788 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC346788 frs-bus:Director1 2023-09-01 2024-08-31 SC346788 frs-bus:Director2 2023-09-01 2024-08-31 SC346788 frs-bus:Director3 2023-09-01 2024-08-31 SC346788 frs-bus:Director4 2023-09-01 2024-08-31 SC346788 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 SC346788 frs-countries:Scotland 2023-09-01 2024-08-31 SC346788 2022-08-31 SC346788 2023-08-31 SC346788 2022-09-01 2023-08-31 SC346788 frs-core:CurrentFinancialInstruments 2023-08-31 SC346788 frs-core:Non-currentFinancialInstruments 2023-08-31 SC346788 frs-core:RevaluationReserve 2023-08-31 SC346788 frs-core:ShareCapital 2023-08-31 SC346788 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: SC346788
WE Properties (Worldwide) Limited
Financial Statements
For The Year Ended 31 August 2024
Donoghue & Co. Ltd
19a Wellside Place
Falkirk
FK1 5RL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC346788
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 244,160 244,160
244,160 244,160
CURRENT ASSETS
Cash at bank and in hand 2,405 2,405
2,405 2,405
Creditors: Amounts Falling Due Within One Year 5 (126,779 ) (126,179 )
NET CURRENT ASSETS (LIABILITIES) (124,374 ) (123,774 )
TOTAL ASSETS LESS CURRENT LIABILITIES 119,786 120,386
Creditors: Amounts Falling Due After More Than One Year 6 (58,586 ) (58,586 )
NET ASSETS 61,200 61,800
CAPITAL AND RESERVES
Called up share capital 7 2 2
Revaluation reserve 8 80,000 80,000
Profit and Loss Account (18,802 ) (18,202 )
SHAREHOLDERS' FUNDS 61,200 61,800
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
Mr Edward McGhee
Director
20th 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
WE Properties (Worldwide) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC346788 . The registered office is 433 Castlehill Road, Wishaw, Lanarkshire, ML2 0RL.
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. 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 Not depreciated
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 September 2023 244,160
As at 31 August 2024 244,160
Net Book Value
As at 31 August 2024 244,160
As at 1 September 2023 244,160
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 19 19
Accruals and deferred income 1,000 1,000
Directors' loan accounts 125,760 125,160
126,779 126,179
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 58,586 58,586
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 3
Page 4
8. Reserves
Revaluation Reserve
£
As at 1 September 2023 80,000
As at 31 August 2024 80,000
Page 4