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 12236508 Mr John Carter Mr James Tutty iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12236508 2023-10-31 12236508 2024-10-31 12236508 2023-11-01 2024-10-31 12236508 frs-core:CurrentFinancialInstruments 2024-10-31 12236508 frs-core:Non-currentFinancialInstruments 2024-10-31 12236508 frs-core:ShareCapital 2024-10-31 12236508 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12236508 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12236508 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12236508 frs-bus:SmallEntities 2023-11-01 2024-10-31 12236508 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12236508 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12236508 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 12236508 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 12236508 frs-bus:Director1 2023-11-01 2024-10-31 12236508 frs-bus:Director2 2023-11-01 2024-10-31 12236508 frs-countries:EnglandWales 2023-11-01 2024-10-31 12236508 2022-10-31 12236508 2023-10-31 12236508 2022-11-01 2023-10-31 12236508 frs-core:CurrentFinancialInstruments 2023-10-31 12236508 frs-core:Non-currentFinancialInstruments 2023-10-31 12236508 frs-core:ShareCapital 2023-10-31 12236508 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12236508 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31
Registered number: 12236508
Welcome 2 Home Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12236508
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 624,534 734,534
624,534 734,534
CURRENT ASSETS
Debtors 5 90 937
90 937
Creditors: Amounts Falling Due Within One Year 6 (139,247 ) (121,932 )
NET CURRENT ASSETS (LIABILITIES) (139,157 ) (120,995 )
TOTAL ASSETS LESS CURRENT LIABILITIES 485,377 613,539
Creditors: Amounts Falling Due After More Than One Year 7 (519,889 ) (631,894 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (29,216 ) (29,216 )
NET LIABILITIES (63,728 ) (47,571 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 129,823 129,823
Profit and Loss Account (193,651 ) (177,494 )
SHAREHOLDERS' FUNDS (63,728) (47,571)
Page 1
Page 2
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 John Carter
Director
Mr James Tutty
Director
28/07/2025
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
Welcome 2 Home Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12236508 . The registered office is 110, Station Road, Chingford, London, E4 6AB.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 November 2023 734,534
Disposals (110,000 )
As at 31 October 2024 624,534
5. Debtors
2024 2023
as restated
£ £
Due within one year
Other debtors 90 937
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 12,034 -
Bank loans and overdrafts 2,184 1,241
Other creditors 125,029 120,691
139,247 121,932
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 478,795 573,655
Other creditors 41,094 58,239
519,889 631,894
8. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Fair Value Reserve
£
As at 1 November 2023 129,823
As at 31 October 2024 129,823
Page 4