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Registered number: 12302960
MWA Mortgages Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12302960
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 8
- 8
CURRENT ASSETS
Debtors 5 - 5,451
Cash at bank and in hand 187 1,860
187 7,311
Creditors: Amounts Falling Due Within One Year 6 - (36,683 )
NET CURRENT ASSETS (LIABILITIES) 187 (29,372 )
TOTAL ASSETS LESS CURRENT LIABILITIES 187 (29,364 )
NET ASSETS/(LIABILITIES) 187 (29,364 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 186 (29,365 )
SHAREHOLDERS' FUNDS 187 (29,364)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 D Banks
Director
22nd July 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
MWA Mortgages Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12302960 . The registered office is 1st Floor, Bramble House Furzehall Farm, Wickham Road, Fareham, PO16 7JH.
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. Going Concern Disclosure
The directors believe that the going concern basis is not appropriate as the company has no realistic alternative but to cease trading. Therefore these statements have been prepaired under a basis other than going concern. 
2.3. 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.
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.
2.4. 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:
Computer Equipment 33% on cost
2.5. Financial Instruments
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term creditors are measured at the transaction price. Other financial liabilities,  including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements or a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
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4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2024 870
As at 31 March 2025 870
Depreciation
As at 1 April 2024 862
Provided during the period 8
As at 31 March 2025 870
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 8
Assets fully disposed of as at 30th Novemeber 2024.
5. Debtors
2025 2024
£ £
Due within one year
Amounts owed by group undertakings - 5,451
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 73
Amounts owed to group undertakings - 33,955
Other creditors - 2,647
Taxation and social security - 8
- 36,683
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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