Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-3122022-08-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11452195 2022-08-01 2023-07-31 11452195 2021-08-01 2022-07-31 11452195 2023-07-31 11452195 2022-07-31 11452195 2021-08-01 11452195 c:Director1 2022-08-01 2023-07-31 11452195 d:Buildings 2022-08-01 2023-07-31 11452195 d:Buildings 2023-07-31 11452195 d:Buildings 2022-07-31 11452195 d:CurrentFinancialInstruments 2023-07-31 11452195 d:CurrentFinancialInstruments 2022-07-31 11452195 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 11452195 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 11452195 d:ShareCapital 2023-07-31 11452195 d:ShareCapital 2022-07-31 11452195 d:RetainedEarningsAccumulatedLosses 2023-07-31 11452195 d:RetainedEarningsAccumulatedLosses 2022-07-31 11452195 c:OrdinaryShareClass1 2022-08-01 2023-07-31 11452195 c:OrdinaryShareClass1 2023-07-31 11452195 c:OrdinaryShareClass1 2022-07-31 11452195 c:FRS102 2022-08-01 2023-07-31 11452195 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 11452195 c:FullAccounts 2022-08-01 2023-07-31 11452195 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 11452195 d:TaxLossesCarry-forwardsDeferredTax 2023-07-31 11452195 d:TaxLossesCarry-forwardsDeferredTax 2022-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11452195










WASHWATER PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

 
WASHWATER PROPERTIES LIMITED
REGISTERED NUMBER: 11452195

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
45,000
45,000

  
45,000
45,000

Current assets
  

Debtors
  
1,941
1,643

Cash at bank and in hand
 5 
2,525
3,669

  
4,466
5,312

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(56,171)
(56,120)

Net current liabilities
  
 
 
(51,705)
 
 
(50,808)

Total assets less current liabilities
  
(6,705)
(5,808)

Net liabilities
  
(6,705)
(5,808)


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
(7,705)
(6,808)

  
(6,705)
(5,808)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
WASHWATER PROPERTIES LIMITED
REGISTERED NUMBER: 11452195

BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M J Marriage
Director

Date: 13 October 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WASHWATER PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Washwater Properties Limited is a private company, limited by share capital and incorporated in England and Wales.
The company's registered office and principal place of business is Doves Farm, Salisbury Road, Hungerford, Berkshire, RG17 0RF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company has net liabilities of £6,705 (2022: £5,808). The directors have indicated they are willing to continue to provide funding to support the company, therefore the accounts have been prepared on a going concern basis.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
WASHWATER PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Land
-
not depreciated

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 4

 
WASHWATER PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Land

£



Cost or valuation


At 1 August 2022
45,000



At 31 July 2023

45,000



Net book value



At 31 July 2023
45,000


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,525
3,669

2,525
3,669


Page 5

 
WASHWATER PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
55,100
55,100

Accruals and deferred income
1,071
1,020

56,171
56,120



7.


Deferred taxation




2023
2022


£

£



At beginning of year
1,643
1,029


Charged to profit or loss
298
614



At end of year
1,941
1,643

The deferred tax asset is made up as follows:

2023
2022
£
£


Tax losses carried forward
1,941
1,643

1,941
1,643


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1 each
1,000
1,000



9.


Related party transactions

At the year end £55,100 was owed to the directors (2022: £55,100), this is included within other creditors.


10.


Controlling party

The company is controlled by its directors.


Page 6