REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 8 FEBRUARY 2022 TO 28 FEBRUARY 2023 |
FOR |
WAT320 LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 8 FEBRUARY 2022 TO 28 FEBRUARY 2023 |
FOR |
WAT320 LTD |
WAT320 LTD (REGISTERED NUMBER: 13900318) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 8 FEBRUARY 2022 TO 28 FEBRUARY 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
WAT320 LTD |
COMPANY INFORMATION |
FOR THE PERIOD 8 FEBRUARY 2022 TO 28 FEBRUARY 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
115 Craven Park Road |
South Tottenham |
London |
N15 6BL |
WAT320 LTD (REGISTERED NUMBER: 13900318) |
STATEMENT OF FINANCIAL POSITION |
28 FEBRUARY 2023 |
Notes | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
WAT320 LTD (REGISTERED NUMBER: 13900318) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 8 FEBRUARY 2022 TO 28 FEBRUARY 2023 |
1. | STATUTORY INFORMATION |
Wat320 Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 28 February 2023 |
NET BOOK VALUE |
At 28 February 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other loans - 2-5 years |
WAT320 LTD (REGISTERED NUMBER: 13900318) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 8 FEBRUARY 2022 TO 28 FEBRUARY 2023 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Other loans |
Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 100 |
10. | RESERVES |
Retained |
earnings |
£ |
Deficit for the period | ( |
) |
At 28 February 2023 | ( |
) |
11. | RELATED PARTY DISCLOSURES |
1. Other Debtors (Note 6) relates to amounts due from companies (53 Finchley Lane Ltd - £30,000) connected to the director and his family members. The loans are interest free and repayable on demand. |
2. Other Creditors (Note 7) relates to amounts due to companies (MHG Trading Ltd - £320,902 and VA72 Ltd - £80,000) connected to the director and his family members. The loans are interest free and payable on demand. |
12. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |