Acorah Software Products - Accounts Production 18.1.200 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 13365118 Mr S J Salamon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13365118 2025-03-31 13365118 2026-03-31 13365118 2025-04-01 2026-03-31 13365118 frs-core:Non-currentFinancialInstruments 2026-03-31 13365118 frs-core:FurnitureFittings 2025-04-01 2026-03-31 13365118 frs-core:ShareCapital 2026-03-31 13365118 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 13365118 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 13365118 frs-bus:AbridgedAccounts 2025-04-01 2026-03-31 13365118 frs-bus:SmallEntities 2025-04-01 2026-03-31 13365118 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 13365118 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 13365118 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2026-03-31 13365118 frs-bus:Director1 2025-04-01 2026-03-31 13365118 frs-countries:EnglandWales 2025-04-01 2026-03-31 13365118 2024-03-31 13365118 2025-03-31 13365118 2024-04-01 2025-03-31 13365118 frs-core:Non-currentFinancialInstruments 2025-03-31 13365118 frs-core:ShareCapital 2025-03-31 13365118 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13365118 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31
Registered number: 13365118
Wally’s Properties Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2026
HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Wally’s Properties Limited
Contents
Contents

| Page
--- | ---
Company Information | 1
Abridged Balance Sheet | 2—3
Notes to the Abridged Financial Statements | 4—5

Page 1
Wally’s Properties Limited
Company Information
For The Year Ended 31 March 2026
Company Information

Director | Mr S J Salamon
Company Number | 13365118
Registered Office | 71 Cae Newydd
| St. Nicholas
| Cardiff
| CF5 6FJ
Accountants | HSJ Accountants Ltd
| Severn House
| Hazell Drive
| Newport
| NP10 8FY

Page 1
Page 2
Wally’s Properties Limited
Abridged Balance Sheet
As At 31 March 2026
Abridged Balance Sheet
Registered number: 13365118

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 241 |  | 403
Investment Properties | 5 |  | 650,000 |  | 650,000
|  |  | 650,241 |  | 650,403
CURRENT ASSETS
Debtors |  | 1,250 |  | 1,250 |
Cash at bank and in hand |  | 39,393 |  | 29,196 |
|  | 40,643 |  | 30,446 |
Creditors: Amounts Falling Due Within One Year |  | (3,432 ) |  | (3,084 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 37,211 |  | 27,362
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 687,452 |  | 677,765
Creditors: Amounts Falling Due After More Than One Year |  |  | (598,942 ) |  | (598,942 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (11,544 ) |  | (11,544 )
NET ASSETS |  |  | 76,966 |  | 67,279
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100 |  | 100
Fair value reserve |  |  | 49,212 |  | 49,212
Profit and Loss Account |  |  | 27,654 |  | 17,967
SHAREHOLDERS' FUNDS |  |  | 76,966 |  | 67,279

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Wally’s Properties Limited
Abridged Balance Sheet (continued)
As At 31 March 2026
For the year ending 31 March 2026 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2026 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

Mr S J Salamon Director
14 April 2026

The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Wally’s Properties Limited
Notes to the Abridged Financial Statements
For The Year Ended 31 March 2026
Notes to the Abridged Financial Statements
1. General Information
Wally’s Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13365118 . The registered office is 71 Cae Newydd, St. Nicholas, Cardiff, CF5 6FJ.
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.
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:

Fixtures & Fittings | 25% straight line

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.
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 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.
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Wally’s Properties Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 March 2026
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
1 1
4. Tangible Assets

| Total
--- | ---
| £
Cost or Valuation
As at 1 April 2025 | 649
As at 31 March 2026 | 649
Depreciation
As at 1 April 2025 | 246
Provided during the period | 162
As at 31 March 2026 | 408
Net Book Value
As at 31 March 2026 | 241
As at 1 April 2025 | 403

5. Investment Property

| 2026
--- | ---
| £
Fair Value
As at 1 April 2025 and 31 March 2026 | 650,000

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

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Cost | 589,244 |  | 589,244

6. Secured Creditors
Of the creditors the following amounts are secured.

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 409,900 |  | 409,900

7. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

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