Acorah Software Products - Accounts Production 16.2.850 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 10530606 Mr Nicholas Morris Mr Henry Witcomb iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10530606 2024-03-31 10530606 2025-03-31 10530606 2024-04-01 2025-03-31 10530606 frs-core:CurrentFinancialInstruments 2025-03-31 10530606 frs-core:Non-currentFinancialInstruments 2025-03-31 10530606 frs-core:FurnitureFittings 2025-03-31 10530606 frs-core:FurnitureFittings 2024-04-01 2025-03-31 10530606 frs-core:FurnitureFittings 2024-03-31 10530606 frs-core:RevaluationReserve 2024-03-31 10530606 frs-core:RevaluationReserve 2025-03-31 10530606 frs-core:ShareCapital 2025-03-31 10530606 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10530606 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10530606 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10530606 frs-bus:SmallEntities 2024-04-01 2025-03-31 10530606 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10530606 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10530606 frs-bus:Director1 2024-04-01 2025-03-31 10530606 frs-bus:Director1 2024-03-31 10530606 frs-bus:Director1 2025-03-31 10530606 frs-bus:Director2 2024-04-01 2025-03-31 10530606 frs-bus:Director2 2024-03-31 10530606 frs-bus:Director2 2025-03-31 10530606 frs-countries:EnglandWales 2024-04-01 2025-03-31 10530606 2023-03-31 10530606 2024-03-31 10530606 2023-04-01 2024-03-31 10530606 frs-core:CurrentFinancialInstruments 2024-03-31 10530606 frs-core:Non-currentFinancialInstruments 2024-03-31 10530606 frs-core:RevaluationReserve 2024-03-31 10530606 frs-core:ShareCapital 2024-03-31 10530606 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10530606
Westcotes Development Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
The Countryside Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10530606
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 789 1,313
Investment Properties 5 3,560,002 3,560,002
3,560,791 3,561,315
CURRENT ASSETS
Debtors 6 2,962 3,510
Cash at bank and in hand 35,844 167,013
38,806 170,523
Creditors: Amounts Falling Due Within One Year 7 (52,786 ) (58,413 )
NET CURRENT ASSETS (LIABILITIES) (13,980 ) 112,110
TOTAL ASSETS LESS CURRENT LIABILITIES 3,546,811 3,673,425
Creditors: Amounts Falling Due After More Than One Year 8 (2,181,131 ) (2,374,250 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (274,710 ) (274,710 )
NET ASSETS 1,090,970 1,024,465
CAPITAL AND RESERVES
Called up share capital 10 90 90
Revaluation reserve 12 824,130 824,130
Profit and Loss Account 266,750 200,245
SHAREHOLDERS' FUNDS 1,090,970 1,024,465
Page 1
Page 2
For the year ending 31 March 2025 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 Nicholas Morris
Director
29th April 2025
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
Westcotes Development Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10530606 . The registered office is 63 Regent Road, Leicester, LE1 6YF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the fair value 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 financial statements have been prepared on the going concern basis as a result of the positive cashflow and continued financial support from the directors. 
2.3. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, namely property rental income, and is shown net of VAT and other sales related taxes.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets, including investment property, are initially measured at cost and subsequently measured at cost or valuation net of depreciation and any impariment losses. 
Fixtures & Fittings 40% reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 April 2024 22,099
As at 31 March 2025 22,099
Depreciation
As at 1 April 2024 20,786
Provided during the period 524
As at 31 March 2025 21,310
Net Book Value
As at 31 March 2025 789
As at 1 April 2024 1,313
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 3,560,002
The fair value of investment properties has been arrived at on the basis of a valuation carried out by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The directors do not consider the fair value at 31/03/2025 to be significantly different to that of the most recent valuation.
The historical cost of investment properties would have been included at an original cost of £2,461,162 (2024: £2,461,162) with cumulative depreciation of £Nil.
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 2,962 3,510
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 4,754 5,400
Other creditors 24,087 25,782
Taxation and social security 23,945 27,231
52,786 58,413
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,716,539 2,079,658
Other creditors 464,592 294,592
2,181,131 2,374,250
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 274,710 274,710
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 90 90
11. Directors Advances, Credits and Guarantees
Included within the Balance Sheet are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Nicholas Morris 31,314 - - - 31,314
Mr Henry Witcomb 263,278 - 170,000 - 433,278
12. Reserves
Revaluation Reserve
£
As at 1 April 2024 824,130
As at 31 March 2025 824,130
Page 5