Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 00116476 Mr Norman Hawkey Mr Shaun Hawkey Mr Roger Biddick Mr David Old Mr. Gerald Blewett Mr James Eustice Mrs Helen Eustice Mr Andrew Geach iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00116476 2023-12-31 00116476 2024-12-31 00116476 2024-01-01 2024-12-31 00116476 frs-core:CurrentFinancialInstruments 2024-12-31 00116476 frs-core:InvestmentPropertyIncludedWithinPPE 2024-12-31 00116476 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 00116476 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 00116476 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00116476 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 00116476 frs-core:CapitalRedemptionReserve 2024-12-31 00116476 frs-core:RevaluationReserve 2023-12-31 00116476 frs-core:RevaluationReserve 2024-12-31 00116476 frs-core:SharePremium 2024-12-31 00116476 frs-core:ShareCapital 2024-12-31 00116476 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 00116476 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00116476 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 00116476 frs-bus:SmallEntities 2024-01-01 2024-12-31 00116476 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00116476 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 00116476 frs-bus:Director1 2024-01-01 2024-12-31 00116476 frs-bus:Director2 2024-01-01 2024-12-31 00116476 frs-bus:Director3 2024-01-01 2024-12-31 00116476 frs-bus:Director4 2024-01-01 2024-12-31 00116476 frs-bus:Director5 2024-01-01 2024-12-31 00116476 frs-bus:Director6 2024-01-01 2024-12-31 00116476 frs-bus:Director7 2024-01-01 2024-12-31 00116476 frs-bus:Director8 2024-01-01 2024-12-31 00116476 frs-countries:EnglandWales 2024-01-01 2024-12-31 00116476 2022-12-31 00116476 2023-12-31 00116476 2023-01-01 2023-12-31 00116476 frs-core:CurrentFinancialInstruments 2023-12-31 00116476 frs-core:CapitalRedemptionReserve 2023-12-31 00116476 frs-core:RevaluationReserve 2023-12-31 00116476 frs-core:SharePremium 2023-12-31 00116476 frs-core:ShareCapital 2023-12-31 00116476 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 00116476
Wadebridge Cattle Market Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Reken Limited
Integrated Accountants
Global House
Callywith Gate Ind Est
Bodmin
Cornwall
PL31 2RQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00116476
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 419,000 419,000
419,000 419,000
CURRENT ASSETS
Debtors 5 4,512 3,078
Cash at bank and in hand 157,292 133,009
161,804 136,087
Creditors: Amounts Falling Due Within One Year 6 (13,612 ) (10,399 )
NET CURRENT ASSETS (LIABILITIES) 148,192 125,688
TOTAL ASSETS LESS CURRENT LIABILITIES 567,192 544,688
PROVISIONS FOR LIABILITIES
Deferred Taxation (75,269 ) (75,269 )
NET ASSETS 491,923 469,419
CAPITAL AND RESERVES
Called up share capital 7 15,158 15,158
Share premium account 13,905 13,905
Revaluation reserve 8 316,886 316,886
Capital redemption reserve 157 157
Profit and Loss Account 145,817 123,313
SHAREHOLDERS' FUNDS 491,923 469,419
Page 1
Page 2
For the year ending 31 December 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 Norman Hawkey
Director
26 June 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
Wadebridge Cattle Market Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00116476 . The registered office is Global House, Callywith Gate Ind Est, Bodmin, Cornwall, PL31 2RQ.
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 is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. 
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 Not Depreciated
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.
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: 8 (2023: 8)
8 8
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Investment Properties Total
£ £ £
Cost
As at 1 January 2024 404,000 15,000 419,000
As at 31 December 2024 404,000 15,000 419,000
Net Book Value
As at 31 December 2024 404,000 15,000 419,000
As at 1 January 2024 404,000 15,000 419,000
Cost or valuation as at 31 December 2024 represented by:
Land & Property
Freehold Investment Properties Total
£ £ £
At cost 404,000 15,000 419,000
404,000 15,000 419,000
The car park at Wadebridge Cattle Market, Polmorla Road, Wadebridge, were valued on the 24th February 2022.
The offices at Wadebridge Cattle Market, Polmorla Road, Wadebridge, were valued on the 10th March 2025.
Both were valued by T.S Ryland MRICS  
The historical cost is £22,845.00
Accumulated Depreciation £NIL
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,756 -
Prepayments and accrued income 1,756 3,078
4,512 3,078
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,037 1,437
Corporation tax 5,274 6,512
Accruals and deferred income 7,301 2,450
13,612 10,399
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Page 5
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 15,158 15,158
8. Reserves
Revaluation Reserve
£
As at 1 January 2024 316,886
As at 31 December 2024 316,886
Page 5