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REGISTERED NUMBER: 04466011 (England and Wales)



















WATER MOUNTAIN LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021






WATER MOUNTAIN LIMITED (REGISTERED NUMBER: 04466011)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


WATER MOUNTAIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Mr Y Fogel
Ms S Fogel





SECRETARY: Ms S Fogel





REGISTERED OFFICE: 84 Princes Park Avenue
London
NW11 0JX





REGISTERED NUMBER: 04466011 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

WATER MOUNTAIN LIMITED (REGISTERED NUMBER: 04466011)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

2021 2020
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 27,371 6,307

CURRENT ASSETS
Stocks 6 200 200
Debtors 7 214,218 144,774
Cash at bank 40,876 99,898
255,294 244,872
CREDITORS
Amounts falling due within one year 8 26,276 20,475
NET CURRENT ASSETS 229,018 224,397
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,389

230,704

PROVISIONS FOR LIABILITIES 9 5,200 1,198
NET ASSETS 251,189 229,506

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 251,186 229,503
SHAREHOLDERS' FUNDS 251,189 229,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WATER MOUNTAIN LIMITED (REGISTERED NUMBER: 04466011)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2022 and were signed on its behalf by:





Mr Y Fogel - Director


WATER MOUNTAIN LIMITED (REGISTERED NUMBER: 04466011)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Water Mountain Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

WATER MOUNTAIN LIMITED (REGISTERED NUMBER: 04466011)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2021 12,634 1,736 13,950 - 28,320
Additions - - 21,630 1,666 23,296
At 31 December 2021 12,634 1,736 35,580 1,666 51,616
DEPRECIATION
At 1 January 2021 12,634 1,736 7,643 - 22,013
Charge for year - - 1,982 250 2,232
At 31 December 2021 12,634 1,736 9,625 250 24,245
NET BOOK VALUE
At 31 December 2021 - - 25,955 1,416 27,371
At 31 December 2020 - - 6,307 - 6,307

6. STOCKS
2021 2020
as restated
£    £   
Stocks 200 200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
as restated
£    £   
Trade debtors 102,392 33,283
Other debtors 111,826 111,491
214,218 144,774

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
as restated
£    £   
Trade creditors 9,280 7,825
Taxation and social security 1,788 10,511
Other creditors 15,208 2,139
26,276 20,475

WATER MOUNTAIN LIMITED (REGISTERED NUMBER: 04466011)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

9. PROVISIONS FOR LIABILITIES
2021 2020
as restated
£    £   
Deferred tax 5,200 1,198

Deferred
tax
£   
Balance at 1 January 2021
Prior year adjustment 1,198
As restated 1,198
Provided during year 4,002
Balance at 31 December 2021 5,200

10. RELATED PARTY DISCLOSURES

Other debtors include amounts aggregating £111,491 (2020: £111,491) due from a related company under common control.