Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2022 false 1 January 2024 31 December 2024 31 December 2024 13806897 Mr Xun Wang Mrs Shan Zhu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13806897 2023-12-31 13806897 2024-12-31 13806897 2024-01-01 2024-12-31 13806897 frs-core:CurrentFinancialInstruments 2024-12-31 13806897 frs-core:Non-currentFinancialInstruments 2024-12-31 13806897 frs-core:ComputerEquipment 2024-12-31 13806897 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13806897 frs-core:ComputerEquipment 2023-12-31 13806897 frs-core:FurnitureFittings 2024-01-01 2024-12-31 13806897 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 13806897 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13806897 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 13806897 frs-core:ShareCapital 2024-12-31 13806897 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13806897 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13806897 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13806897 frs-bus:SmallEntities 2024-01-01 2024-12-31 13806897 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13806897 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13806897 frs-bus:Director1 2024-01-01 2024-12-31 13806897 frs-bus:Director2 2024-01-01 2024-12-31 13806897 frs-countries:EnglandWales 2024-01-01 2024-12-31 13806897 2021-12-31 13806897 2023-12-31 13806897 2022-01-01 2023-12-31 13806897 frs-core:CurrentFinancialInstruments 2023-12-31 13806897 frs-core:Non-currentFinancialInstruments 2023-12-31 13806897 frs-core:ShareCapital 2023-12-31 13806897 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13806897
Wiiz Properties Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
TaxAssist Accountants Durham
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13806897
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 665,193 329,812
665,193 329,812
CURRENT ASSETS
Debtors 5 17,480 46,750
Cash at bank and in hand 57,464 130,583
74,944 177,333
Creditors: Amounts Falling Due Within One Year 6 (309,764 ) (264,204 )
NET CURRENT ASSETS (LIABILITIES) (234,820 ) (86,871 )
TOTAL ASSETS LESS CURRENT LIABILITIES 430,373 242,941
Creditors: Amounts Falling Due After More Than One Year 7 (419,694 ) (224,561 )
NET ASSETS 10,679 18,380
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 10,677 18,378
SHAREHOLDERS' FUNDS 10,679 18,380
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 Xun Wang
Director
16 July 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
Wiiz Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13806897 . The registered office is 21 Tilery Close, Bowburn, Durham, DH6 5FH.
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 RB 0%
Fixtures & Fittings SL15%
Computer Equipment SL33%
2.4. 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: 2 (2023: 2)
2 2
Page 2
Page 3
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 340,595 349 340,944
Additions 335,500 - 335,500
As at 31 December 2024 676,095 349 676,444
Depreciation
As at 1 January 2024 10,902 230 11,132
Provided during the period - 119 119
As at 31 December 2024 10,902 349 11,251
Net Book Value
As at 31 December 2024 665,193 - 665,193
As at 1 January 2024 329,693 119 329,812
5. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Other debtors - 35,950
Due after more than one year
Other debtors 17,480 10,800
17,480 46,750
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 1 1
Bank loans and overdrafts 24,151 9,919
Other creditors 285,612 246,999
Taxation and social security - 7,285
309,764 264,204
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Bank loans 419,694 224,561
Page 3
Page 4
8. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4