Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 09262617 Mr T A Hammond Mr A T Hammond iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09262617 2023-10-31 09262617 2024-10-31 09262617 2023-11-01 2024-10-31 09262617 frs-core:CurrentFinancialInstruments 2024-10-31 09262617 frs-core:Non-currentFinancialInstruments 2024-10-31 09262617 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09262617 frs-core:PlantMachinery 2024-10-31 09262617 frs-core:PlantMachinery 2023-11-01 2024-10-31 09262617 frs-core:PlantMachinery 2023-10-31 09262617 frs-core:SharePremium 2024-10-31 09262617 frs-core:ShareCapital 2024-10-31 09262617 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09262617 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09262617 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09262617 frs-bus:SmallEntities 2023-11-01 2024-10-31 09262617 frs-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 09262617 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09262617 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 09262617 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 09262617 frs-bus:Director1 2023-11-01 2024-10-31 09262617 frs-bus:Director2 2023-11-01 2024-10-31 09262617 frs-countries:EnglandWales 2023-11-01 2024-10-31 09262617 2022-10-31 09262617 2023-10-31 09262617 2022-11-01 2023-10-31 09262617 frs-core:CurrentFinancialInstruments 2023-10-31 09262617 frs-core:Non-currentFinancialInstruments 2023-10-31 09262617 frs-core:SharePremium 2023-10-31 09262617 frs-core:ShareCapital 2023-10-31 09262617 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09262617 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31
Registered number: 09262617
Wainford Properties Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report of the Accountant to the directors of Wainford Properties Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 October 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
14/07/2025
Van Dijk Accountants
Georgian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP
Page 1
Page 2
Balance Sheet
Registered number: 09262617
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,680 3,843
Investment Properties 5 1,125,000 1,125,000
1,128,680 1,128,843
CURRENT ASSETS
Debtors 6 552 4,335
Investments 7 50 -
Cash at bank and in hand 18,557 11,350
19,159 15,685
Creditors: Amounts Falling Due Within One Year 8 (365,373 ) (390,791 )
NET CURRENT ASSETS (LIABILITIES) (346,214 ) (375,106 )
TOTAL ASSETS LESS CURRENT LIABILITIES 782,466 753,737
Creditors: Amounts Falling Due After More Than One Year 9 (78,881 ) (82,881 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (42,773 ) (41,505 )
NET ASSETS 660,812 629,351
CAPITAL AND RESERVES
Called up share capital 10 934 934
Share premium account 559,000 559,000
Fair value reserve 11 200,000 200,000
Profit and Loss Account (99,122 ) (130,583 )
SHAREHOLDERS' FUNDS 660,812 629,351
Page 2
Page 3
For the year ending 31 October 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 T A Hammond
Director
Mr A T Hammond
Director
14/07/2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Wainford Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09262617 . The registered office is Wainford Mill House, Pirnhow Street, Bungay, Suffolk, NR35 2RU.
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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 10% on cost
Plant & Machinery 25% on reducing balance
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.
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Page 5
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: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2023 4,272
Additions 1,044
As at 31 October 2024 5,316
Depreciation
As at 1 November 2023 429
Provided during the period 1,207
As at 31 October 2024 1,636
...CONTINUED
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Page 6
Net Book Value
As at 31 October 2024 3,680
As at 1 November 2023 3,843
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 and 31 October 2024 1,125,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 552 2,335
Other debtors - 2,000
552 4,335
7. Current Asset Investments
2024 2023
£ £
Unlisted investments 50 -
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 4,000 4,000
Corporation tax 6,684 -
Accruals and deferred income 1,488 1,440
Directors' loan accounts 353,201 385,351
365,373 390,791
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,696 6,696
Other creditors 76,185 76,185
78,881 82,881
Page 6
Page 7
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 934 934
11. Reserves
Fair Value Reserve
£
As at 1 November 2023 200,000
As at 31 October 2024 200,000
Page 7