WATERSIDE ESCAPES LIMITED

Company Registration Number:
09607476 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 October 2023

End date: 31 December 2023

WATERSIDE ESCAPES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

WATERSIDE ESCAPES LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The Company manages the freehold property at Hook House, Hook Hill Lane, WADHURST, East Sussex, TN5 6HW.

Additional information

The Company was incorporated on 26 May 2015 and has traded since July 2015. The Directors have chosen to file Accounts on a quarterly basis for regulatory reasons.



Directors

The director shown below has held office during the whole of the period from
1 October 2023 to 31 December 2023

Helen Hume-Kendall


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 January 2024

And signed on behalf of the board by:
Name: Helen Hume-Kendall
Status: Director

WATERSIDE ESCAPES LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

31 December 2023 30 September 2023


£

£
Turnover: 65,746 56,797
Cost of sales: ( 28,983 ) ( 34,284 )
Gross profit(or loss): 36,763 22,513
Administrative expenses: ( 19,019 ) ( 21,454 )
Operating profit(or loss): 17,744 1,059
Profit(or loss) before tax: 17,744 1,059
Tax: ( 2,942 ) ( 139 )
Profit(or loss) for the financial year: 14,802 920

WATERSIDE ESCAPES LIMITED

Balance sheet

As at 31 December 2023

Notes 31 December 2023 30 September 2023


£

£
Fixed assets
Tangible assets: 3 1,490,205 1,490,205
Total fixed assets: 1,490,205 1,490,205
Current assets
Cash at bank and in hand: 262,570 279,995
Total current assets: 262,570 279,995
Creditors: amounts falling due within one year: 4 ( 24,937 ) ( 55,430 )
Net current assets (liabilities): 237,633 224,565
Total assets less current liabilities: 1,727,838 1,714,770
Creditors: amounts falling due after more than one year: 5 ( 1,470,229 ) ( 1,471,963 )
Total net assets (liabilities): 257,609 242,807
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 257,409 242,607
Total Shareholders' funds: 257,609 242,807

The notes form part of these financial statements

WATERSIDE ESCAPES LIMITED

Balance sheet statements

For the year ending 31 December 2023 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 31 January 2024
and signed on behalf of the board by:

Name: Helen Hume-Kendall
Status: Director

The notes form part of these financial statements

WATERSIDE ESCAPES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 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

    Turnover policy

    Letting sales are treated as revenue in the accounting period they relate to rather than when received.

    Tangible fixed assets depreciation policy

    Fixed Assets are currently not depreciated.

WATERSIDE ESCAPES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    31 December 2023 30 September 2023
    Average number of employees during the period 1 1

    The only employee is the Director of the Company.

WATERSIDE ESCAPES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 1,319,875 170,330 1,490,205
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 1,319,875 170,330 1,490,205
Depreciation
At 1 October 2023
Charge for year
On disposals
Other adjustments
At 31 December 2023
Net book value
At 31 December 2023 1,319,875 170,330 1,490,205
At 30 September 2023 1,319,875 170,330 1,490,205

The freehold property is secured by a legal charge dated 28 January 2016.

WATERSIDE ESCAPES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

31 December 2023 30 September 2023
£ £
Trade creditors 16,780 50,851
Taxation and social security 3,472 579
Accruals and deferred income 4,685 4,000
Total 24,937 55,430

Trade creditors include letting receipts in advance of £13,199 at 31 December 2023, £44,454 at 30 September 2023, £43,021 at 30 June 2023, £37,977 at 31 March 2023 and £16,075 at 31 December 2022.

WATERSIDE ESCAPES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due after more than one year note

31 December 2023 30 September 2023
£ £
Bank loans and overdrafts 27,300 28,558
Other creditors 1,442,929 1,443,405
Total 1,470,229 1,471,963

Directors’ loan accounts, which amount to £1,442,929 at 31 December 2023, £1,443,405 at 30 September 2023, £1,443,511 at 30 June 2023, £1,447,974 at 31 March 2023, £1,450,167 at 28 February 2023, £1,458,461 at 31 January 2023 and £1,460,845 at 31 December 2022, have no set repayment date and have been shown as long term finance which was originally provided to acquire the freehold property and are secured by a legal charge over this dated 28 January 2016. A bounce-back loan of £49,000 was granted with repayments starting in June 2021; the balance still due is stated above plus accrued interest included in accruals.

WATERSIDE ESCAPES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Off balance sheet arrangements

Related party transactions – Helen Hume-Kendall.The Directors’ loan accounts are secured by a legal charge over the freehold property dated 28 January 2016. Helen Hume-Kendall is paid £1,050 per week for property management services and monitoring fees with loan interest payable.