105 Water Gardens Limited
Registered number: 10773136
Statement of Financial Position
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 1,416,830 1,406,469
Current assets
Debtors 5 15,245 32,027
Cash at bank and in hand 625 252
15,870 32,279
Creditors: amounts falling due within one year 6 (1,713,351) (1,714,314)
Net current liabilities (1,697,481) (1,682,035)
Total assets less current liabilities (280,651) (275,566)
Creditors: amounts falling due after more than one year 7 (38,889) (41,710)
Net liabilities (319,540) (317,276)
Capital and reserves
Called up share capital 100 100
Fair value reserve 8 (272,900) (272,900)
Profit and loss account (46,740) (44,476)
Shareholder's funds (319,540) (317,276)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr F Ahmed
Director
Approved by the board on 13 March 2024
105 Water Gardens Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from property rental. Turnover from the rental is recognised by reference to the stage of completion of the tenancy.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Exceptional items 2023 2022
£ £
Loan write off 36,556 -
36,556 -
3 Employees and directors 2023 2022
Number Number
Average number of directors and persons employed by the company 1 1
4 Tangible fixed assets
Land and buildings
£
Cost
At 1 June 2022 1,406,469
Additions 47,773
Disposals (37,412)
At 31 May 2023 1,416,830
Depreciation
At 31 May 2023 -
Net book value
At 31 May 2023 1,416,830
At 31 May 2022 1,406,469
Freehold land and buildings: 2023 2022
£ £
Historical cost 1,689,730 1,679,369
1,689,730 1,679,369
5 Debtors 2023 2022
£ £
Prepayments 2,545 1,381
Other debtors 12,700 30,646
15,245 32,027
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,556 5,556
Trade creditors 4,934 3,010
Accruals 1,350 38,696
Other creditors 1,701,511 1,667,052
1,713,351 1,714,314
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 38,889 41,710
8 Fair value reserve 2023 2022
£ £
At 1 June 2022 (272,900) (272,900)
At 31 May 2023 (272,900) (272,900)
9 Related party transactions 2023 2022
£ £
Mr F Ahmed
Mr F Ahmed has a loan in his own name, secured against the investment property owned by 105 Water Gardens Ltd and other properties within the business portfolio.
Balance of the loan at the year end 2,616,250 2,616,250
Open Sky Construction Ltd
Company in which Mr Ahmed is a director and 100% shareholder
Amount due from (to) the related party - 17,946
Ventures Advisory Ltd
Company in which Mr Ahmed is a director and 100% shareholder
Amount due from (to) the related party 3,200 3,200
ScopeCourt Inc
Company in which Mr Ahmed is a director and 100% shareholder
Amount due from (to) the related party 9,500 9,500
Whitestile 1 Ltd
Company in which Mr Ahmed is a director and 100% shareholder
Amount due from (to) the related party (7,410) (5,000)
62 Paddington Exchange Ltd
Company in which Mr Ahmed is a director and 100% shareholder
Amount due from (to) the related party (3,000) (3,000)
225 Quadrangle Towers Ltd
Company in which Mr Ahmed is a director and 100% shareholder
Amount due from (to) the related party (6,000) (6,000)
Herford Ltd
Company in which Mr Ahmed is a director and 100% shareholder
Amount due from (to) the related party (2,900) -
10 Other information
105 Water Gardens Limited is a private company limited by shares and incorporated in England. Its registered office is:
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY
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