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REGISTERED NUMBER: 02902183 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

THE LONGWOOD WATER COMPANY LIMITED

THE LONGWOOD WATER COMPANY LIMITED (REGISTERED NUMBER: 02902183)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE LONGWOOD WATER COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: M Weinfeld
T Jones
T Byford
C B R Howman
S Bohill-Smith



REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



REGISTERED NUMBER: 02902183 (England and Wales)



ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



BANKERS: Barclays Bank PLC
50 Jewry Street
Winchester
Hampshire
SO23 8WW

THE LONGWOOD WATER COMPANY LIMITED (REGISTERED NUMBER: 02902183)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,209 414

CURRENT ASSETS
Debtors 5 9,168 26,460
Cash at bank 30,831 12,319
39,999 38,779
CREDITORS
Amounts falling due within one year 6 4,234 6,294
NET CURRENT ASSETS 35,765 32,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,974

32,899

CAPITAL AND RESERVES
Called up share capital 7 25 25
Retained earnings 8 37,949 32,874
SHAREHOLDERS' FUNDS 37,974 32,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

THE LONGWOOD WATER COMPANY LIMITED (REGISTERED NUMBER: 02902183)

BALANCE SHEET - continued
31ST MARCH 2023


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 Board of Directors and authorised for issue on 16th November 2023 and were signed on its behalf by:





M Weinfeld - Director


THE LONGWOOD WATER COMPANY LIMITED (REGISTERED NUMBER: 02902183)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

The Longwood Water Company 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. 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.

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 each asset over its estimated useful life.
Plant and machinery - 10% on cost and 5% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

THE LONGWOOD WATER COMPANY LIMITED (REGISTERED NUMBER: 02902183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st April 2022 3,020
Additions 2,454
Disposals (3,020 )
At 31st March 2023 2,454
DEPRECIATION
At 1st April 2022 2,606
Charge for year 245
Eliminated on disposal (2,606 )
At 31st March 2023 245
NET BOOK VALUE
At 31st March 2023 2,209
At 31st March 2022 414

During the year, expenditure of £23,966 was incurred in respect of the new borehole and related pipework and associated costs. This was partly funded by a major contribution made under the Settlement Agreement dated 21st December 2021 between the company and the Trustees of the L M Harvey Settlement (owners of the Longwood Estate). In part, it was funded out of the £9,998 received from customers as their contribution towards the new borehole and related costs. Final expenditure will be incurred in 2023-2024 which will be funded from the same sources as well as the company reserves.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,312 21,231
VAT 51 4,141
Prepayments 805 1,088
9,168 26,460

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,975 2,522
Other creditors 1,259 3,772
4,234 6,294

THE LONGWOOD WATER COMPANY LIMITED (REGISTERED NUMBER: 02902183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
22 'A' ordinary shares £1 22 22
3 'B' ordinary shares £1 3 3
25 25

8. RESERVES
Retained
earnings
£   

At 1st April 2022 32,874
Profit for the year 5,075
At 31st March 2023 37,949