Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 03219169 Mr Fredrick Moross Ms Helen McCabe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03219169 2024-03-31 03219169 2025-03-31 03219169 2024-04-01 2025-03-31 03219169 frs-core:CurrentFinancialInstruments 2025-03-31 03219169 frs-core:Non-currentFinancialInstruments 2025-03-31 03219169 frs-core:ComputerEquipment 2025-03-31 03219169 frs-core:ComputerEquipment 2024-04-01 2025-03-31 03219169 frs-core:ComputerEquipment 2024-03-31 03219169 frs-core:FurnitureFittings 2025-03-31 03219169 frs-core:FurnitureFittings 2024-04-01 2025-03-31 03219169 frs-core:FurnitureFittings 2024-03-31 03219169 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 03219169 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 03219169 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 03219169 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 03219169 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03219169 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 03219169 frs-core:SharePremium 2025-03-31 03219169 frs-core:ShareCapital 2025-03-31 03219169 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 03219169 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03219169 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 03219169 frs-bus:SmallEntities 2024-04-01 2025-03-31 03219169 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03219169 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03219169 frs-core:UnlistedNon-exchangeTraded 2025-03-31 03219169 frs-core:UnlistedNon-exchangeTraded 2024-03-31 03219169 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 03219169 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 03219169 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 03219169 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 03219169 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 03219169 frs-bus:Director1 2024-04-01 2025-03-31 03219169 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 03219169 frs-countries:EnglandWales 2024-04-01 2025-03-31 03219169 2023-03-31 03219169 2024-03-31 03219169 2023-04-01 2024-03-31 03219169 frs-core:CurrentFinancialInstruments 2024-03-31 03219169 frs-core:Non-currentFinancialInstruments 2024-03-31 03219169 frs-core:SharePremium 2024-03-31 03219169 frs-core:ShareCapital 2024-03-31 03219169 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 03219169
Waterford Property Investments Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03219169
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 54,721 90,972
Investments 5 296,144 313,081
350,865 404,053
CURRENT ASSETS
Debtors 6 752,635 840,831
Cash at bank and in hand 21,463 40,514
774,098 881,345
Creditors: Amounts Falling Due Within One Year 7 (289,893 ) (365,571 )
NET CURRENT ASSETS (LIABILITIES) 484,205 515,774
TOTAL ASSETS LESS CURRENT LIABILITIES 835,070 919,827
Creditors: Amounts Falling Due After More Than One Year 8 (348,080 ) (192,843 )
NET ASSETS 486,990 726,984
CAPITAL AND RESERVES
Called up share capital 9 60,000 60,000
Share premium account 99,000 99,000
Profit and Loss Account 327,990 567,984
SHAREHOLDERS' FUNDS 486,990 726,984
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 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 Fredrick Moross
Director
13th November 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Waterford Property Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03219169 . The registered office is Unit 9, West Works White City Place, 195 Wood Lane, London, W12 7FQ.
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. 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:
Freehold 2% Straight Line Method
Fixtures & Fittings 33% Straight Line Method
Computer Equipment 33% Straight Line Method
2.4. Foreign Currencies
Monetary 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.
2.5. 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 year 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 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.
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Land & Property
Freehold Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 83,500 - 40,111 - 123,611
Additions - - - 782 782
Disposals - (23,500 ) - - (23,500 )
As at 31 March 2025 83,500 (23,500 ) 40,111 782 100,893
Depreciation
As at 1 April 2024 4,600 - 28,039 - 32,639
Provided during the period 1,200 - 12,072 261 13,533
As at 31 March 2025 5,800 - 40,111 261 46,172
Net Book Value
As at 31 March 2025 77,700 (23,500 ) - 521 54,721
As at 1 April 2024 78,900 - 12,072 - 90,972
5. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2024 313,081
Revaluations (16,937 )
As at 31 March 2025 296,144
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 296,144
As at 1 April 2024 313,081
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 139,135 401,358
Other debtors 613,500 439,473
752,635 840,831
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 172,000 223,208
Corporation tax 7,151 32,025
Other taxes and social security 1,793 2,107
VAT 8,957 7,937
Net wages 1,297 1,370
Other creditors 54,528 54,757
Accruals and deferred income 44,167 44,167
289,893 365,571
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 348,080 192,843
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 60,000 60,000
Page 5