Acorah Software Products - Accounts Production 16.6.950 false true false 1 December 2023 30 November 2024 30 November 2024 07731179 Mr William Spencer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07731179 2023-11-30 07731179 2024-11-30 07731179 2023-12-01 2024-11-30 07731179 frs-core:CurrentFinancialInstruments 2024-11-30 07731179 frs-core:ShareCapital 2024-11-30 07731179 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 07731179 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 07731179 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 07731179 frs-bus:SmallEntities 2023-12-01 2024-11-30 07731179 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 07731179 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 07731179 frs-core:ListedExchangeTraded 2024-11-30 07731179 frs-core:ListedExchangeTraded 2023-11-30 07731179 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-11-30 07731179 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-11-30 07731179 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-11-30 07731179 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-11-30 07731179 frs-bus:Director1 2023-12-01 2024-11-30 07731179 frs-countries:EnglandWales 2023-12-01 2024-11-30
Registered number: 07731179
Waterfront Projects (Greenock) Ltd.
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07731179
2024
Notes £ £
FIXED ASSETS
Investments 4 2,050,001
2,050,001
CURRENT ASSETS
Debtors 5 1
1
Creditors: Amounts Falling Due Within One Year 6 (238,681 )
NET CURRENT ASSETS (LIABILITIES) (238,680 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,811,321
PROVISIONS FOR LIABILITIES
Deferred Taxation (512,500 )
NET ASSETS 1,298,821
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account 1,298,820
SHAREHOLDERS' FUNDS 1,298,821
For the year ending 30 November 2024 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 William Spencer
Director
28/11/2025
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
Waterfront Projects (Greenock) Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 07731179 . The registered office is Fourth Floor Parklands 5b, Middlebrook, Bolton, BL6 4SD.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
4. Investments
Listed
£
Cost or Valuation
As at 1 December 2023 2,050,001
As at 30 November 2024 2,050,001
Provision
As at 1 December 2023 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 2,050,001
As at 1 December 2023 2,050,001
5. Debtors
2024
£
Due within one year
Other debtors 1
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 114,316
Other creditors 124,365
238,681
7. Share Capital
2024
£
Allotted, Called up and fully paid 1
8. Contingent Liabilities
On 1st December 2022, the company entered into a settlement agreement.
Under the terms of the agreement, the company has paid (or is required to pay) £100,000 in respect of the discharge of the security.
Accordingly, no liability has been recognised in respect of the £550K uplift. The uplift will be recognised as an expense or as part of development expenditure in the relevant SPV when the associated contract is executed.
Page 3