Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 17 September 2025 1 January 2024 31 December 2024 31 December 2024 13938717 Mr David Neville Mr Paul Beare true true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13938717 2023-12-31 13938717 2024-12-31 13938717 2024-01-01 2024-12-31 13938717 frs-core:CurrentFinancialInstruments 2024-12-31 13938717 frs-core:FurnitureFittings 2024-12-31 13938717 frs-core:FurnitureFittings 2024-01-01 2024-12-31 13938717 frs-core:FurnitureFittings 2023-12-31 13938717 frs-core:ShareCapital 2024-12-31 13938717 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13938717 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13938717 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13938717 frs-bus:SmallEntities 2024-01-01 2024-12-31 13938717 frs-bus:Audited 2024-01-01 2024-12-31 13938717 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13938717 1 2024-01-01 2024-12-31 13938717 frs-bus:Director1 2024-01-01 2024-12-31 13938717 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 13938717 frs-countries:EnglandWales 2024-01-01 2024-12-31 13938717 2022-12-31 13938717 2023-12-31 13938717 2023-01-01 2023-12-31 13938717 frs-core:CurrentFinancialInstruments 2023-12-31 13938717 frs-core:ShareCapital 2023-12-31 13938717 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13938717
Westman Atelier Ltd
Financial Statements
For The Year Ended 31 December 2024
Paul Beare Ltd
Westman Atelier Ltd
Contents
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—5
Page 1
Westman Atelier Ltd
Company Information
For The Year Ended 31 December 2024
Company Information
Director Mr David Neville
Secretary Mr Paul Beare
Company Number 13938717
Registered Office C/O Paul Beare Ltd
100 Bollo Lane
London
W4 5LX
Accountants Paul Beare Ltd
100 Bollo Lane
London
W4 5LX
Auditors RPG Crouch Chapman LLP
40 Gracechurch Street
London
EC3V 0BT
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Page 2
Westman Atelier Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 13938717
2024 2023
Notes $ $ $ $
FIXED ASSETS
Tangible Assets 4 565,171 131,082
565,171 131,082
CURRENT ASSETS
Debtors 5 4,256,170 2,069,599
Cash at bank and in hand 47,469 -
4,303,639 2,069,599
Creditors: Amounts Falling Due Within One Year 6 (4,727,863 ) (2,121,718 )
NET CURRENT ASSETS (LIABILITIES) (424,224 ) (52,119 )
TOTAL ASSETS LESS CURRENT LIABILITIES 140,947 78,963
PROVISIONS FOR LIABILITIES
Deferred Taxation (165,894 ) (28,686 )
NET (LIABILITIES)/ASSETS (24,947 ) 50,277
CAPITAL AND RESERVES
Called up share capital 7 13 13
Profit and Loss Account (24,960 ) 50,264
SHAREHOLDERS' FUNDS (24,947) 50,277
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 David Neville
Director
17/09/2025
The notes on pages 3 to 5 form part of these financial statements.
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Westman Atelier Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Westman Atelier Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13938717 . The registered office is C/O Paul Beare Ltd, 100 Bollo Lane, London, W4 5LX.
Westman Atelier Ltd is 100% owned by Westman Atelier Holdings Inc.
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.
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:
Fixtures & Fittings 33.3%
2.4. Financial Instruments
The Company engages solely in basic financial instrument transactions, leading to the recognition of financial assets and liabilities such as trade and other receivables, payables, bank loans, loans to related parties and investments in ordinary shares.
Financial assets and liabilities are offset, with only the net amounts shown in the financial statements, when there is a legally enforceable right to offset the recognised amounts and an intention to settle on a net basis or to simultaneously realise the asset and settle the liability.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
The tax charge comprises current and deferred tax for the year. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date. 
Deferred tax is only recognised to the extent that the associated timing differences are likely to reverse in the foreseeable future.
2.7. Pensions
The Company operates a defined pension contributions scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. Amounts not paid are shown as a creditor in the balance sheet. 
The assets of the plan are held separately from the Company in independently administered funds. 
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Westman Atelier Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.8. Debtors
The Company monitors trade and other receivable balances and contract assets and estimates the
allowance for lifetime expected credit losses. Estimates of expected credit losses are based on historical
collection experience and other factors, including current market conditions and forecast economic
performance.
2.9. Creditors
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 10)
17 10
4. Tangible Assets
Fixtures & Fittings
$
Cost
As at 1 January 2024 180,826
Additions 570,084
As at 31 December 2024 750,910
Depreciation
As at 1 January 2024 49,744
Provided during the period 135,995
As at 31 December 2024 185,739
Net Book Value
As at 31 December 2024 565,171
As at 1 January 2024 131,082
5. Debtors
2024 2023
$ $
Due within one year
Prepayments and accrued income 1,908 -
VAT 134,511 52,424
Amounts owed by group undertakings 4,119,751 2,017,175
4,256,170 2,069,599
6. Creditors: Amounts Falling Due Within One Year
2024 2023
$ $
Other creditors 1,569 1,569
Accruals and deferred income 103,005 13,212
Amounts owed to group undertakings 4,623,289 2,106,937
4,727,863 2,121,718
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Westman Atelier Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
7. Share Capital
2024 2023
$ $
Allotted, Called up and fully paid 13 13
8. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
The pension cost charge represents contributions payable by the company to the fund and amounted to $34,741 (2023: $21,645). Contributions totalling $5,917 (2023: $nil) were payable to the fund at the balance sheet date and are included in creditors.
9. Related Party Disclosures
The Company has taken advantage of the exemption in paragraph 33.1A of FRS102 from the requirement to disclose transactions with group companies on the grounds that consolidated financial statements are prepared by the ultimate parent company.
10. Controlling Parties
The company’s immediate and ultimate parent is Westman Atelier Holdings Inc incorporated in Delaware, US. Westman Atelier Holdings Inc is the parent undertaking of the smallest and largest group of undertakings to consolidate in these financial statements as at 31 December 2024.
Gucci Westman Neville is considered to be the ultimate controlling party.
11. Audit Information
The auditor's report on the accounts of Westman Atelier Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Mohammad Sakib ACA (Senior Statutory Auditor) for and on behalf of RPG Crouch Chapman LLP , Statutory Auditor.
RPG Crouch Chapman LLP
40 Gracechurch Street
London
EC3V 0BT
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