Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC536912 Emma Wharton Tsen Wharton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC536912 2024-03-31 SC536912 2025-03-31 SC536912 2024-04-01 2025-03-31 SC536912 frs-core:CurrentFinancialInstruments 2025-03-31 SC536912 frs-core:Non-currentFinancialInstruments 2025-03-31 SC536912 frs-core:ComputerEquipment 2024-04-01 2025-03-31 SC536912 frs-core:RevaluationReserve 2024-03-31 SC536912 frs-core:RevaluationReserve 2025-03-31 SC536912 frs-core:ShareCapital 2025-03-31 SC536912 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC536912 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC536912 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC536912 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC536912 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC536912 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC536912 frs-bus:Director1 2024-04-01 2025-03-31 SC536912 frs-bus:Director2 2024-04-01 2025-03-31 SC536912 frs-countries:Scotland 2024-04-01 2025-03-31 SC536912 2023-03-31 SC536912 2024-03-31 SC536912 2023-04-01 2024-03-31 SC536912 frs-core:CurrentFinancialInstruments 2024-03-31 SC536912 frs-core:Non-currentFinancialInstruments 2024-03-31 SC536912 frs-core:RevaluationReserve 2024-03-31 SC536912 frs-core:ShareCapital 2024-03-31 SC536912 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC536912
Wharton Property Limited
Financial Statements
For The Year Ended 31 March 2025
Nijjer Accountants Ltd
Chartered Accountants
5-7 Station Road
Longfield
Kent
DA3 7QD
Wharton Property Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
Wharton Property Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: SC536912

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 497,239 |  | 662,239
|  |  | 497,239 |  | 662,239
CURRENT ASSETS
Debtors | 5 | 64,956 |  | 1,077 |
Cash at bank and in hand |  | 12,874 |  | 3,452 |
|  | 77,830 |  | 4,529 |
Creditors: Amounts Falling Due Within One Year | 6 | (235,599 ) |  | (267,928 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (157,769 ) |  | (263,399 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 339,470 |  | 398,840
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (229,900 ) |  | (346,011 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (6,473 ) |  | (6,473 )
NET ASSETS |  |  | 103,097 |  | 46,356
CAPITAL AND RESERVES
Called up share capital | 8 |  | 2 |  | 2
Revaluation reserve | 9 |  | 27,594 |  | 27,594
Profit and Loss Account |  |  | 75,501 |  | 18,760
SHAREHOLDERS' FUNDS |  |  | 103,097 |  | 46,356

Page 1
Page 2
Wharton Property Limited
Balance Sheet (continued)
As At 31 March 2025
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

Tsen Wharton Director
6 November 2025

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Wharton Property Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Wharton Property Limited is a private company, limited by shares, incorporated in Scotland, registered number SC536912 . The registered office is Bankhead House, East Linton, Scotland, EH40 3DX.
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 represents the fair value of income received or receivable from the provision of rental services, excluding value added tax and net of trade discounts, rebates, and allowances. Revenue is recognised when the rental service has been provided in accordance with the terms of the rental agreement. Turnover is reduced for estimated tenant cancellations, rental refunds, and other similar adjustments.
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:

Computer Equipment | 20% Straight Line Basis

2.4. 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: NIL (2024: NIL)
- -
4. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 April 2024 | 662,239
Disposals | (165,000 )
As at 31 March 2025 | 497,239

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | 463,174 |  | 628,174
Accumulated depreciation and impairment | 24,364 |  | 34,900
Carrying amount | 438,810 |  | 593,274

Page 3
Page 4
Wharton Property Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 11,201 |  | 1,077
Prepayments and accrued income | 631 |  | -
Other Debtor | 53,124 |  | -
| 64,956 |  | 1,077

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 120 |  | -
Bank loans and overdrafts | 1,523 |  | 1,486
Other Creditor | 35,173 |  | 34,591
Accruals and deferred income | - |  | 1,390
Directors' loan accounts | 198,783 |  | 230,461
| 235,599 |  | 267,928

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 229,900 |  | 346,011

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

9. Reserves

| Revaluation Reserve
--- | ---
| £
As at 1 April 2024 | 27,594
As at 31 March 2025 | 27,594

Page 4