Acorah Software Products - Accounts Production 19.2.450 false true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 SC662854 Mr Jozeph Abuaglain Mr Waseem Abuaglain iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC662854 2024-06-30 SC662854 2025-06-30 SC662854 2024-07-01 2025-06-30 SC662854 frs-core:CurrentFinancialInstruments 2025-06-30 SC662854 frs-core:ComputerEquipment 2025-06-30 SC662854 frs-core:ComputerEquipment 2024-07-01 2025-06-30 SC662854 frs-core:ComputerEquipment 2024-06-30 SC662854 frs-core:FurnitureFittings 2024-07-01 2025-06-30 SC662854 frs-core:InvestmentPropertyIncludedWithinPPE 2025-06-30 SC662854 frs-core:InvestmentPropertyIncludedWithinPPE 2024-07-01 2025-06-30 SC662854 frs-core:InvestmentPropertyIncludedWithinPPE 2024-06-30 SC662854 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 SC662854 frs-core:MotorVehicles 2025-06-30 SC662854 frs-core:MotorVehicles 2024-07-01 2025-06-30 SC662854 frs-core:MotorVehicles 2024-06-30 SC662854 frs-core:PlantMachinery 2025-06-30 SC662854 frs-core:PlantMachinery 2024-07-01 2025-06-30 SC662854 frs-core:PlantMachinery 2024-06-30 SC662854 frs-core:WithinOneYear 2025-06-30 SC662854 frs-core:RevaluationReserve 2024-07-01 2025-06-30 SC662854 frs-core:RevaluationReserve 2024-06-30 SC662854 frs-core:RevaluationReserve 2025-06-30 SC662854 frs-core:ShareCapital 2025-06-30 SC662854 frs-core:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 SC662854 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-06-30 SC662854 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 SC662854 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC662854 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 SC662854 frs-bus:SmallEntities 2024-07-01 2025-06-30 SC662854 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 SC662854 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 SC662854 frs-bus:Director1 2024-07-01 2025-06-30 SC662854 frs-bus:Director2 2024-07-01 2025-06-30 SC662854 frs-countries:Scotland 2024-07-01 2025-06-30 SC662854 2023-06-30 SC662854 2024-06-30 SC662854 2023-07-01 2024-06-30 SC662854 frs-core:CurrentFinancialInstruments 2024-06-30 SC662854 frs-core:WithinOneYear 2024-06-30 SC662854 frs-core:RevaluationReserve 2024-06-30 SC662854 frs-core:ShareCapital 2024-06-30 SC662854 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: SC662854
Wide Properties Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2025
Wide Properties Ltd
27/4 Calder Crescent
Edinburgh
EH11 4JE
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr Jozeph Abuaglain
Mr Waseem Abuaglain
Company Number SC662854
Registered Office 27/4 Calder Crescent
Edinburgh
EH11 4JE
Accountants Wide Properties Ltd
27/4 Calder Crescent
Edinburgh
EH11 4JE
Page 1
Page 2
Balance Sheet
Registered number: SC662854
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 160,183 155,635
160,183 155,635
CURRENT ASSETS
Debtors 5 10,048 -
Cash at bank and in hand (3,358 ) (3,358 )
6,690 (3,358 )
Creditors: Amounts Falling Due Within One Year 6 (189,404 ) (189,403 )
NET CURRENT ASSETS (LIABILITIES) (182,714 ) (192,761 )
TOTAL ASSETS LESS CURRENT LIABILITIES (22,531 ) (37,126 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,205 ) (6,873 )
NET LIABILITIES (31,736 ) (43,999 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 27,616 20,619
Profit and Loss Account (59,452 ) (64,718 )
SHAREHOLDERS' FUNDS (31,736) (43,999)
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For the year ending 30 June 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 Waseem Abuaglain
Director
31/03/2026
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Wide Properties Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC662854 . The registered office is 27/4 Calder Crescent, Edinburgh, EH11 4JE.
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 0%
Plant & Machinery 20%
Motor Vehicles 25%
Fixtures & Fittings 20%
Computer Equipment 33.3%
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. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
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4. Tangible Assets
Investment Properties Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 July 2024 93,170 53,810 23,910 289 171,179
Revaluation 9,330 - - - 9,330
As at 30 June 2025 102,500 53,810 23,910 289 180,509
Depreciation
As at 1 July 2024 - 10,762 4,782 - 15,544
Provided during the period - - 4,782 - 4,782
As at 30 June 2025 - 10,762 9,564 - 20,326
Net Book Value
As at 30 June 2025 102,500 43,048 14,346 289 160,183
As at 1 July 2024 93,170 43,048 19,128 289 155,635
Cost or valuation as at 30 June 2025 represented by: Director
Investment Properties Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
At cost 102,500 53,810 23,910 289 180,509
102,500 53,810 23,910 289 180,509
The freehold investment property was revalued on 30 of June 2025 by the Director.
The valuation was performed on an open market value basis, considering recent sales of comparable commercial properties in the local area and the current rental yield of the premises following extensive refurbishment.
The Director considers this to be a fair reflection of the property's market value at the balance sheet date. No independent professional valuation was sought on the grounds of cost-efficiency for a small entity, as per the exemptions allowed under FRS 102 Section 1A.
5. Debtors
2025 2024
£ £
Due within one year
Due after more than one year
Other debtors 10,048 -
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts (12,806 ) (12,806 )
Trade creditors 1 -
Bank loans and overdrafts 18,936 18,936
Other creditors 183,177 183,177
Taxation and social security 96 96
189,404 189,403
The company has obligations under hire purchase contracts for the acquisition of motor vehicles. The total future minimum lease payments under hire purchase contracts at the end of the reporting period are as follows:"
Within one year: £3,994.60
These obligations are secured against the specific assets to which they relate.
7. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year (11,984 ) (11,984 )
Less: Finance charges allocated to future periods 822 822
(12,806 ) (12,806 )
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 July 2024 20,619 (64,718 )
Profit for year - 5,266
Net investment property revaluation reserve 6,997 -
Other comprehensive income for the year 6,997 -
Total comprehensive income for the year 6,997 5,266
As at 30 June 2025 27,616 (59,452 )
Page 6