Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 02858740 Mr Matthew Elwell Mrs Jennifer Whitcroft iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02858740 2024-03-31 02858740 2025-03-31 02858740 2024-04-01 2025-03-31 02858740 frs-core:CurrentFinancialInstruments 2025-03-31 02858740 frs-core:Non-currentFinancialInstruments 2025-03-31 02858740 frs-core:RevaluationReserve 2024-03-31 02858740 frs-core:RevaluationReserve 2025-03-31 02858740 frs-core:ShareCapital 2025-03-31 02858740 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 02858740 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02858740 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 02858740 frs-bus:SmallEntities 2024-04-01 2025-03-31 02858740 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02858740 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02858740 frs-bus:Director1 2024-04-01 2025-03-31 02858740 frs-bus:Director2 2024-04-01 2025-03-31 02858740 frs-core:CurrentFinancialInstruments 1 2025-03-31 02858740 frs-countries:EnglandWales 2024-04-01 2025-03-31 02858740 2023-03-31 02858740 2024-03-31 02858740 2023-04-01 2024-03-31 02858740 frs-core:CurrentFinancialInstruments 2024-03-31 02858740 frs-core:Non-currentFinancialInstruments 2024-03-31 02858740 frs-core:RevaluationReserve 2024-03-31 02858740 frs-core:ShareCapital 2024-03-31 02858740 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02858740 frs-core:CurrentFinancialInstruments 1 2024-03-31
Elw Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02858740
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 3,250,000 3,250,000
3,250,000 3,250,000
CURRENT ASSETS
Debtors 5 7,076 5,000
Cash at bank and in hand 55,847 90,870
62,923 95,870
Creditors: Amounts Falling Due Within One Year 6 (132,227 ) (127,736 )
NET CURRENT ASSETS (LIABILITIES) (69,304 ) (31,866 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,180,696 3,218,134
Creditors: Amounts Falling Due After More Than One Year 7 (1,255,821 ) (1,255,812 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (156,745 ) (156,745 )
NET ASSETS 1,768,130 1,805,577
CAPITAL AND RESERVES
Called up share capital 8 124 124
Revaluation reserve 9 560,317 560,317
Profit and Loss Account 1,207,689 1,245,136
SHAREHOLDERS' FUNDS 1,768,130 1,805,577
Page 1
Page 2
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 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 Matthew Elwell
Director
Mrs Jennifer Whitcroft
Director
3 October 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
Elw Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02858740 . The registered office is Orbik House Northgate Way, Aldridge, Walsall, West Midlands, WS9 8TX.
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 (2024: 2)
2 2
4. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 3,250,000
5. Debtors
2025 2024
as restated
£ £
Due within one year
Trade debtors 2,076 -
Prepayments and accrued income 5,000 5,000
7,076 5,000
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Trade creditors 1,088 -
Bank loans and overdrafts 94,369 94,369
VAT 3,565 -
Rent deposit 30,750 30,750
Accruals and deferred income 2,449 2,339
Directors' loan accounts 6 278
132,227 127,736
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
as restated
£ £
Bank loans > 1 Year 1,255,821 1,255,812
8. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 124 124
9. Reserves
Revaluation Reserve
£
As at 1 April 2024 560,317
As at 31 March 2025 560,317
Page 4