Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09754680 Mr Russell Clayton Mr Mark Fleming Mr Russell Clayton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09754680 2023-12-31 09754680 2024-12-31 09754680 2024-01-01 2024-12-31 09754680 frs-core:CurrentFinancialInstruments 2024-12-31 09754680 frs-core:Non-currentFinancialInstruments 2024-12-31 09754680 frs-core:FurnitureFittings 2024-12-31 09754680 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09754680 frs-core:FurnitureFittings 2023-12-31 09754680 frs-core:CapitalRedemptionReserve 2024-12-31 09754680 frs-core:ShareCapital 2024-12-31 09754680 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09754680 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09754680 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09754680 frs-bus:SmallEntities 2024-01-01 2024-12-31 09754680 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09754680 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09754680 frs-core:CostValuation 2023-12-31 09754680 frs-core:CostValuation 2024-12-31 09754680 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 09754680 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 09754680 frs-bus:Director1 2024-01-01 2024-12-31 09754680 frs-bus:Director2 2024-01-01 2024-12-31 09754680 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 09754680 frs-countries:EnglandWales 2024-01-01 2024-12-31 09754680 2022-12-31 09754680 2023-12-31 09754680 2023-01-01 2023-12-31 09754680 frs-core:CurrentFinancialInstruments 2023-12-31 09754680 frs-core:Non-currentFinancialInstruments 2023-12-31 09754680 frs-core:CapitalRedemptionReserve 2023-12-31 09754680 frs-core:ShareCapital 2023-12-31 09754680 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09754680
Rosie Lee Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
The Wow Company UK Ltd
3rd Floor, 86-90 Paul Street
London
EC2A 4NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 09754680
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,655 2,202
Investment Properties 5 1,201,651 1,201,651
Investments 6 165 165
1,203,471 1,204,018
CURRENT ASSETS
Debtors 7 28,779 11,956
Cash at bank and in hand 17,555 8,983
46,334 20,939
Creditors: Amounts Falling Due Within One Year 8 (574,680 ) (475,455 )
NET CURRENT ASSETS (LIABILITIES) (528,346 ) (454,516 )
TOTAL ASSETS LESS CURRENT LIABILITIES 675,125 749,502
Creditors: Amounts Falling Due After More Than One Year 9 (511,001 ) (531,726 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (89,173 ) (89,173 )
NET ASSETS 74,951 128,603
CAPITAL AND RESERVES
Called up share capital 40 40
Capital redemption reserve (12,298 ) (12,298 )
Profit and Loss Account 87,209 140,861
SHAREHOLDERS' FUNDS 74,951 128,603
Page 1
Page 2
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 Russell Clayton
Director
30 September 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rosie Lee Holdings Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 09754680 . The registered office is 5 Brayford Square, London, England, E1 0SG.
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, net of discounts and value added taxes. Turnover is recognised at the point of invoice. 
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 Over 5 years
2.4. Investment Properties
Investment property for which fair value can be measured reliably without undue cost or effort is
measured at fair value at reporting date with changes in fair value recognised in the Statement of
Comprehensive Income.
The methods and significant assumptions used to ascertain the fair value of £1,201,651 are as
follows:
- Consideration of similar commercial properties valuations
- Consideration of similar commercial properties available for sale during the period
- Consideration of similar commercial properties let during the period
2.5. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.6. Foreign Currencies
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.
Page 3
Page 4
2.7. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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 
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 asset reflects 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.
Deferred tax is only adjusted if the change in the timing difference is material.
2.8. Investments
Interests in subsidiaries, associates and jointly controlled entities are initially measure at cost and
subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and
operating policies of the entity so as to obtain benefits from its activities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 4
Page 5
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 14,451
As at 31 December 2024 14,451
Depreciation
As at 1 January 2024 12,249
Provided during the period 547
As at 31 December 2024 12,796
Net Book Value
As at 31 December 2024 1,655
As at 1 January 2024 2,202
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 1,201,651
The 2024 valuations were made by management, on an open market value for existing use basis.
Page 5
Page 6
6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 January 2024 165
As at 31 December 2024 165
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 165
As at 1 January 2024 165
Rosie Lee Limited
The company holds 100% of the share capital in Rosie Lee Limited.
Profit for the year: £266,520
Capital and reserves: £187,610
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 26,464 9,374
Other debtors 2,315 2,582
28,779 11,956
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,961 -
Bank loans and overdrafts 38,566 38,566
Amounts owed to group undertakings 400,490 409,264
Other creditors 132,663 27,625
574,680 475,455
The bank loan is in respect to a repayment Mortgage held over 161-165 Kingsland Road, London, England, E2 9AL. A fixed and floating charge is registered over the property by Barclays Bank PLC.
Page 6
Page 7
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 511,001 531,726
The bank loan is in respect to a repayment Mortgage held over 161-165 Kingsland Road, London, England, E2 9AL. A fixed and floating charge is registered over the property by Barclays Bank PLC.
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 549,567 570,292
11. Related Party Transactions
The Company has taken advantage of the exemption available under FRS 102 section 33.1A on the basis that all companies are 100% owned within the group.
Page 7