WATERSIDE PROPERTY SERVICES LTD

Company Registration Number:
03672869 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

WATERSIDE PROPERTY SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

WATERSIDE PROPERTY SERVICES LTD

Company Information

for the Period Ended 31 December 2022




Director: Steven Peck
Registered office: 18 Haddonsacre Business Centre
Station Road
Offenham
Worcestershire
England
WR11 8JJ
Company Registration Number: 03672869 (England and Wales)

WATERSIDE PROPERTY SERVICES LTD

Directors' Report Period Ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal Activities

The Principal Activity of the company continued to be that of property investment and management

Directors

The directors shown below have held office during the whole of the period from 01 January 2022 to 31 December 2022
Steven Peck

This report was approved by the board of directors on 30 September 2023
And Signed On Behalf Of The Board By:

Name: Steven Peck
Status: Director

WATERSIDE PROPERTY SERVICES LTD

Profit and Loss Account

for the Period Ended 31 December 2022


Notes

2022
£

2021
£
Turnover 154,969 178,946
Gross Profit or (Loss) 154,969 178,946
Administrative Expenses ( 21,759 ) ( 22,401 )
Operating Profit or (Loss) 133,210 156,545
Interest Receivable and Similar Income 58 107
Interest Payable and Similar Charges ( 46,488 ) ( 35,699 )
Profit or (Loss) Before Tax 86,780 120,953
Profit or (Loss) for Period 86,780 120,953

The notes form part of these financial statements

WATERSIDE PROPERTY SERVICES LTD

Balance sheet

As at 31 December 2022


Notes

2022
£

2021
£
Fixed assets
Tangible assets: 4 2,069,067 2,145,327
Total fixed assets: 2,069,067 2,145,327
Current assets
Debtors: 5 60,000 60,000
Cash at bank and in hand: 99,731 64,885
Total current assets: 159,731 124,885
Creditors: amounts falling due within one year: 6 ( 168,535 ) ( 74,533 )
Net current assets (liabilities): ( 8,804 ) 50,352
Total assets less current liabilities: 2,060,263 2,195,679
Creditors: amounts falling due after more than one year: 7 ( 1,604,650 ) ( 1,606,846 )
Total net assets (liabilities): 455,613 588,833

The notes form part of these financial statements

WATERSIDE PROPERTY SERVICES LTD

Balance sheet continued

As at 31 December 2022


Notes

2022
£

2021
£
Capital and reserves
Called up share capital: 1,850,000 2,000,000
Revaluation reserve: 8 383,975 453,975
Profit and loss account: ( 1,778,362 ) ( 1,865,142 )
Shareholders funds: 455,613 588,833

For the year ending 31 December 2022 the company was entitled to exemption 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.

This report was approved by the board of directors on 30 September 2023
And Signed On Behalf Of The Board By:

Name: Steven Peck
Status: Director

The notes form part of these financial statements

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees


    2022

    2021
    Average number of employees during the period 1 1

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 3. Off balance sheet disclosure

    No

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Tangible assets

Land & buildings Fixtures & fittings Total
Cost £ £ £
At 01 January 2022 2,110,000 101,733 2,211,733
Additions - 3,428 3,428
Disposals - - -
Revaluations ( 70,000 ) - ( 70,000 )
Transfers - - -
At 31 December 2022 2,040,000 105,161 2,145,161
Depreciation
At 01 January 2022 - 66,406 66,406
Charge for year - 9,688 9,688
On disposals - - -
Other adjustments - - -
At 31 December 2022 - 76,094 76,094
Net book value
At 31 December 2022 2,040,000 29,067 2,069,067
At 31 December 2021 2,110,000 35,327 2,145,327

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Debtors


2022
£

2021
£
Other debtors 60,000 60,000
Total 60,000 60,000

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

6.Creditors: amounts falling due within one year note


2022
£

2021
£
Bank loans and overdrafts 162,535 66,763
Other creditors 6,000 7,770
Total 168,535 74,533

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

7.Creditors: amounts falling due after more than one year


2022
£

2021
£
Bank loans and overdrafts 1,598,250 1,598,250
Other creditors 6,400 8,596
Total 1,604,650 1,606,846

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

8. Revaluation reserve


2022
£
Balance at 01 January 2022 453,975
Surplus or deficit after revaluation ( 70,000 )
Balance at 31 December 2022 383,975