Acorah Software Products - Accounts Production 16.7.461 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 03074208 Mr Colin Serlin Mrs Lesley Serlin Mr Bhavin Thakrar Mrs Lesley Serlin true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03074208 2024-03-31 03074208 2025-03-31 03074208 2024-04-01 2025-03-31 03074208 frs-core:CurrentFinancialInstruments 2025-03-31 03074208 frs-core:FurnitureFittings 2025-03-31 03074208 frs-core:FurnitureFittings 2024-04-01 2025-03-31 03074208 frs-core:FurnitureFittings 2024-03-31 03074208 frs-core:ShareCapital 2025-03-31 03074208 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 03074208 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03074208 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 03074208 frs-bus:SmallEntities 2024-04-01 2025-03-31 03074208 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03074208 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03074208 1 2024-04-01 2025-03-31 03074208 frs-core:DeferredTaxation 2024-03-31 03074208 frs-core:DeferredTaxation 2025-03-31 03074208 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 03074208 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 03074208 frs-bus:Director1 2024-04-01 2025-03-31 03074208 frs-bus:Director2 2024-04-01 2025-03-31 03074208 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 03074208 frs-bus:CompanySecretary2 2024-04-01 2025-03-31 03074208 frs-countries:EnglandWales 2024-04-01 2025-03-31 03074208 2023-03-31 03074208 2024-03-31 03074208 2023-04-01 2024-03-31 03074208 frs-core:CurrentFinancialInstruments 2024-03-31 03074208 frs-core:ShareCapital 2024-03-31 03074208 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03074208 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31
Registered number: 03074208
Wolfe Investments Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03074208
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 54,518 -
Investment Properties 5 8,698,746 8,698,746
8,753,264 8,698,746
CURRENT ASSETS
Debtors 6 124,881 274,289
Cash at bank and in hand 260,891 85,891
385,772 360,180
Creditors: Amounts Falling Due Within One Year 7 (543,094 ) (522,434 )
NET CURRENT ASSETS (LIABILITIES) (157,322 ) (162,254 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,595,942 8,536,492
PROVISIONS FOR LIABILITIES
Deferred Taxation (473,204 ) (473,204 )
NET ASSETS 8,122,738 8,063,288
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 11 1,542,060 1,542,060
Profit and Loss Account 6,579,678 6,520,228
SHAREHOLDERS' FUNDS 8,122,738 8,063,288
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 Colin Serlin
Director
14/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wolfe Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03074208 . The registered office is 16 Portland Close, Broughton, Aylesbury, HP22 7DG.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover represents rental income from investment properties and amounts received for the sale of lease extensions and properties developed for sale upon completion. Turnover on rental income is recognised in proportion to the lease agreement with full provision made for all foreseable costs. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales
taxes.
2.4. 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 5 years straight line
2.5. 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.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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 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 assets reflect 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.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2024 -
Additions 68,148
As at 31 March 2025 68,148
Depreciation
As at 1 April 2024 -
Provided during the period 13,630
As at 31 March 2025 13,630
Net Book Value
As at 31 March 2025 54,518
As at 1 April 2024 -
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 8,698,746
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 6,683,481 6,683,481
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 49,046 139,114
Prepayments and accrued income 75,835 69,214
Other debtors - 65,961
124,881 274,289
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 295,855 290,154
Corporation tax 78,336 59,883
VAT 15,400 19,040
Other creditors 24,255 23,097
Accruals and deferred income 129,248 130,260
543,094 522,434
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 473,204 473,204
Balance at 31 March 2025 473,204 473,204
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mrs Lesley Serlin 57,500 40,000
11. Reserves
Fair Value Reserve
£
As at 1 April 2024 1,542,060
As at 31 March 2025 1,542,060
12. Related Party Transactions
London Buildings (Highgate) Limited
London Buildings (Highgate) Limited, a company in which C.M.Serlin and L.Serlin (a shareholder in Wolfe Investments Limited) are both directors. Both C.M.Serlin and L.Serlin are shareholders in London Buildings (Highgate) Limited's parent company London Buildings Holdings Limited.
During the year the company had the following loan account transactions with London Buildings (Highgate) Limited:
                                                                                                            31.3.25                                31.3.24
                                                                                                                   £                                           £
Balance brought forward                                                                       47,500                                   47,500
Balance carried forward                                                                         47,500                                   47,500
Include in trade creditors at the year end was £12,040 (2024: £12,040) owed to London Buildings (Highgate) Limited
London Buildings Project Managment Limited
...CONTINUED
Page 5
Page 6
12. Related Party Transactions - continued
During the year the company paid management charges amounting to £37,000 (2024: £37,000) to London Buildings Project Management Limited, a company in which C.M. Serlin is also a director.
13. Ultimate Controlling Party
The company was under the control of L. Serlin, R. Wolfe, J. Salkin and V. Wolfe throughout the year, by virtue of their 100% shareholding in the company.
Page 6