Acorah Software Products - Accounts Production 19.2.450 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 04447216 Mrs Claire Walford Mr Matthew Walford Mr Matthew Walford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04447216 2025-03-31 04447216 2026-03-31 04447216 2025-04-01 2026-03-31 04447216 frs-core:CurrentFinancialInstruments 2026-03-31 04447216 frs-core:Non-currentFinancialInstruments 2026-03-31 04447216 frs-core:MotorVehicles 2026-03-31 04447216 frs-core:MotorVehicles 2025-04-01 2026-03-31 04447216 frs-core:MotorVehicles 2025-03-31 04447216 frs-core:ShareCapital 2026-03-31 04447216 frs-core:RetainedEarningsAccumulatedLosses 2025-04-01 2026-03-31 04447216 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2025-03-31 04447216 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 04447216 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 04447216 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 04447216 frs-bus:SmallEntities 2025-04-01 2026-03-31 04447216 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 04447216 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 04447216 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 04447216 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2026-03-31 04447216 frs-bus:Director1 2025-04-01 2026-03-31 04447216 frs-bus:Director2 2025-04-01 2026-03-31 04447216 frs-bus:CompanySecretary1 2025-04-01 2026-03-31 04447216 frs-countries:EnglandWales 2025-04-01 2026-03-31 04447216 2024-03-31 04447216 2025-03-31 04447216 2024-04-01 2025-03-31 04447216 frs-core:CurrentFinancialInstruments 2025-03-31 04447216 frs-core:Non-currentFinancialInstruments 2025-03-31 04447216 frs-core:ShareCapital 2025-03-31 04447216 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04447216 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31
Registered number: 04447216
WALFORD PROPERTIES LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2026
Gardiner Fosh Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04447216
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,200 1,792
Investment Properties 5 1,535,000 1,535,000
1,536,200 1,536,792
CURRENT ASSETS
Debtors 6 - 110
Cash at bank and in hand 8,903 7,238
8,903 7,348
Creditors: Amounts Falling Due Within One Year 7 (11,062 ) (12,928 )
NET CURRENT ASSETS (LIABILITIES) (2,159 ) (5,580 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,534,041 1,531,212
Creditors: Amounts Falling Due After More Than One Year 8 (302,510 ) (302,510 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (160,248 ) (160,248 )
NET ASSETS 1,071,283 1,068,454
CAPITAL AND RESERVES
Called up share capital 9 356,538 356,538
Fair value reserve 10 683,161 683,161
Profit and Loss Account 31,584 28,755
SHAREHOLDERS' FUNDS 1,071,283 1,068,454
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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 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
Mrs Claire Walford
Director
23/06/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
WALFORD PROPERTIES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04447216 . The registered office is 31 St Johns, Worcester, Worcestershire, WR2 5AG.
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.
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:
Motor Vehicles 33% on reducing balance 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.
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.
...CONTINUED
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2.5. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
1 1
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 April 2025 2,000
As at 31 March 2026 2,000
Depreciation
As at 1 April 2025 208
Provided during the period 592
As at 31 March 2026 800
Net Book Value
As at 31 March 2026 1,200
As at 1 April 2025 1,792
5. Investment Property
2026
£
Fair Value
As at 1 April 2025 and 31 March 2026 1,535,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2026 2025
£ £
Cost 691,591 691,591
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6. Debtors
2026 2025
£ £
Due within one year
Other debtors - 110
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Other creditors 9,369 11,663
Taxation and social security 1,693 1,265
11,062 12,928
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 302,510 302,510
The bank loan is secured by a first fixed and floating charge over the comapny's properties and assets.
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 356,538 356,538
10. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 April 2025 683,161 28,755
Profit for the year and total comprehensive income - 3,491
Dividends paid - (662)
As at 31 March 2026 683,161 31,584
Share premium account
On 1 July a half share of the assets of Deanhurst Properties (Worcester) Limited was transferred to Walford Properties Limited as part of a company reconstruction under section 110 Insolvency Act 1986.  The excess of the market value of those assets over the issued share capital of Walford Properties Limited as creditd to the share premium account.
On 31st March 2024 the share premium account was used to issue ordinary shares at par.
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11. Related Party Transactions
Mrs CM Walford occupies, rent free, a residential property owned by the company.   Annual benefits in kind are declared to HM Revenue & Customs.
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