Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 SC642318 Ms Catriona Campbell Mr Kenneth Kerr true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC642318 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-09-30 SC642318 2023-09-30 SC642318 2024-09-30 SC642318 2023-10-01 2024-09-30 SC642318 frs-core:CurrentFinancialInstruments 2024-09-30 SC642318 frs-core:Non-currentFinancialInstruments 2024-09-30 SC642318 frs-core:InvestmentPropertyIncludedWithinPPE 2024-09-30 SC642318 frs-core:InvestmentPropertyIncludedWithinPPE 2023-09-30 SC642318 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 SC642318 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC642318 frs-core:ShareCapital 2024-09-30 SC642318 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC642318 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC642318 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC642318 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC642318 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC642318 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC642318 1 2023-10-01 2024-09-30 SC642318 frs-bus:Director1 2023-10-01 2024-09-30 SC642318 frs-bus:Director2 2023-10-01 2024-09-30 SC642318 frs-core:CurrentFinancialInstruments 1 2024-09-30 SC642318 frs-core:Non-currentFinancialInstruments 1 2024-09-30 SC642318 frs-countries:Scotland 2023-10-01 2024-09-30 SC642318 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-09-30 SC642318 2022-09-30 SC642318 2023-09-30 SC642318 2022-10-01 2023-09-30 SC642318 frs-core:CurrentFinancialInstruments 2023-09-30 SC642318 frs-core:Non-currentFinancialInstruments 2023-09-30 SC642318 frs-core:ShareCapital 2023-09-30 SC642318 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 SC642318 frs-core:CurrentFinancialInstruments 1 2023-09-30 SC642318 frs-core:Non-currentFinancialInstruments 1 2023-09-30
Registered number: SC642318
WCK Properties Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Calculus Accountants (Scotland) Ltd
10 Avonhead Road
Condorrat
Glasgow
G67 4RA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: SC642318
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 294,053 294,053
294,053 294,053
CURRENT ASSETS
Debtors 5,415 1,204
Cash at bank and in hand 3,715 2,177
9,130 3,381
Creditors: Amounts Falling Due Within One Year 5 (194,095 ) (187,733 )
NET CURRENT ASSETS (LIABILITIES) (184,965 ) (184,352 )
TOTAL ASSETS LESS CURRENT LIABILITIES 109,088 109,701
Creditors: Amounts Falling Due After More Than One Year 6 (119,272 ) (121,731 )
NET LIABILITIES (10,184 ) (12,030 )
CAPITAL AND RESERVES
Called up share capital 8 66 66
Profit and Loss Account (10,250 ) (12,096 )
SHAREHOLDERS' FUNDS (10,184) (12,030)
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 Kenneth Kerr
Director
10/06/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
WCK Properties Limited is a private company, limited by shares, incorporated in Scotland, registered number SC642318 . The registered office is 10 Sandyford PLace, Glasgow, G3 7NB.
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. Turnover
Turnover relates to revenue rental income from the rental of residental investment properties.
2.3. 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 0%
Leasehold 0%
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
The properties acquired are stated at cost value and whilst the directors are of the opinion that their market value is considerably higher than as stated no revaluation has been considered necessary for the purposes of these statements.
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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 (2023: 2)
2 2
Page 2
Page 3
4. Tangible Assets
Investment Properties
£
Cost
As at 1 October 2023 294,053
As at 30 September 2024 294,053
Net Book Value
As at 30 September 2024 294,053
As at 1 October 2023 294,053
Of the 5 investment properties currently held, 3 are now security free and 2 are subject to individual standard securities in favour of The Mortgage Works. 
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (2 ) -
Bank loans and overdrafts 3,860 3,860
Rents received in advance 2,022 1,001
Bank loan - BBLS 600 600
Accrued charges 728 708
Directors' loan accounts 186,887 181,564
194,095 187,733
The directors loan accounts are unsecured, interest free and have no fixed terms of repayment.
The bank loan was obtained in terms of the BBLS following Covid-19 and is accordance with the terms thereof. One of the property loans was redeemed in full during the prior year from an unsecured family loan. All property bank loans are subject to a standard security over the relevant investment properties. 
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank mortgage loan 79,722 79,581
Other loans 38,000 40,000
Bank loans - BBLS 1,550 2,150
119,272 121,731
The bank loan was obtained in terms of the BBLS following Covid-19 and is accordance with the terms thereof. 
All property bank loans are subject to a standard security over the relevant investment properties. 
The other loan relates to a family loan obtained in the prior year to redeem in full one of the property bank loans, which family loan is unsecured and has no fixed terms of longterm repayment.
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 54,973 59,433
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Page 4
7. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 84,181 84,040
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 66 66
9. Ultimate Controlling Party
The company has no ultimate controlling party by virtue of the split in ownership of the issued share capital in the company.
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