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REGISTERED NUMBER: 13900318 (England and Wales)















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: A C Sufrin





REGISTERED OFFICE: 74 Brent Street
London
NW4 2ES





REGISTERED NUMBER: 13900318 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
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 1,466,220

CURRENT ASSETS
Debtors 5 30,000
Cash at bank and in hand 526
30,526
CREDITORS
Amounts falling due within one year 6 (466,318 )
NET CURRENT LIABILITIES (435,792 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,030,428

CREDITORS
Amounts falling due after more than one
year

7

(1,167,169

)
NET LIABILITIES (136,741 )

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings 10 (136,841 )
SHAREHOLDERS' FUNDS (136,741 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2023 and were signed by:



A C Sufrin - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

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 1,466,220
At 28 February 2023 1,466,220
NET BOOK VALUE
At 28 February 2023 1,466,220

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 30,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 14,816
Other creditors 450,902
Accrued expenses 600
466,318

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other loans - 2-5 years 1,167,169

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 1,167,169

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: £   
100 Ordinary £1 100

10. RESERVES
Retained
earnings
£   

Deficit for the period (136,841 )
At 28 February 2023 (136,841 )

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 A C Sufrin.