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REGISTERED NUMBER: 05170908 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

WATERVIEW CARE LIMITED

WATERVIEW CARE LIMITED (REGISTERED NUMBER: 05170908)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WATERVIEW CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr M C Stratford





REGISTERED OFFICE: Neyland House
Neyland
Milford Haven
PEMBROKESHIRE
SA73 1PP





REGISTERED NUMBER: 05170908 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

WATERVIEW CARE LIMITED (REGISTERED NUMBER: 05170908)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 722,831 666,786
722,831 666,786

CURRENT ASSETS
Debtors 6 36,146 35,949
Cash at bank 271,203 258,601
307,349 294,550
CREDITORS
Amounts falling due within one year 7 138,201 130,015
NET CURRENT ASSETS 169,148 164,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

891,979

831,321

PROVISIONS FOR LIABILITIES 24,967 11,952
NET ASSETS 867,012 819,369

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 866,912 819,269
SHAREHOLDERS' FUNDS 867,012 819,369

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

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

WATERVIEW CARE LIMITED (REGISTERED NUMBER: 05170908)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 director and authorised for issue on 10 April 2024 and were signed by:





Mr M C Stratford - Director


WATERVIEW CARE LIMITED (REGISTERED NUMBER: 05170908)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Waterview Care 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.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents the amounts excluding value added tax receivable during the year for the provision of care. Where the amount received relates to a period which covers the balance sheet date that amount is apportioned over the period to which it relates.

Goodwill
Acquired goodwill is written off in equal instalments over its estimated useful economic life which is considered to be 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Freehold Property- 1% on cost
Fixtures and Fittings- 25% on written down value
Motor Vehicles- 25% on written down value
Plant and Machinery- 25% on written down value

Land is not depreciated.

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 statement of financial position date.


WATERVIEW CARE LIMITED (REGISTERED NUMBER: 05170908)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 130,000
AMORTISATION
At 1 August 2022
and 31 July 2023 130,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

WATERVIEW CARE LIMITED (REGISTERED NUMBER: 05170908)

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 679,770 342,069 1,021,839
Additions - 90,866 90,866
Disposals - (12,750 ) (12,750 )
At 31 July 2023 679,770 420,185 1,099,955
DEPRECIATION
At 1 August 2022 74,955 280,098 355,053
Charge for year 6,797 22,645 29,442
Eliminated on disposal - (7,371 ) (7,371 )
At 31 July 2023 81,752 295,372 377,124
NET BOOK VALUE
At 31 July 2023 598,018 124,813 722,831
At 31 July 2022 604,815 61,971 666,786

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade debtors 31,650 30,986
Other debtors 4,496 4,963
36,146 35,949

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade creditors 1,939 1,705
Taxation and social security 54,984 53,491
Other creditors 81,278 74,819
138,201 130,015

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/7/23 31/7/22
£    £   
Within one year - 1,745

9. SECURED DEBTS

The Royal Bank of Scotland PLC hold a debenture over the fixed and floating assets of the business.

WATERVIEW CARE LIMITED (REGISTERED NUMBER: 05170908)

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

10. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 31/7/23 31/7/22
value: £    £   
50 Ordinary A shares of £1 each 1 50 50
50 Ordinary B shares of £1 each 1 50 50
100 100