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Registered number: 11732354
Watermans Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
DEB Chartered Accountants
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11732354
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,857,152 1,255,993
Investments 5 1 1
1,857,153 1,255,994
CURRENT ASSETS
Debtors 6 80 81
Cash at bank and in hand 1,227,303 490,401
1,227,383 490,482
Creditors: Amounts Falling Due Within One Year 7 (1,302,059 ) (1,321,420 )
NET CURRENT ASSETS (LIABILITIES) (74,676 ) (830,938 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,782,477 425,056
NET ASSETS 1,782,477 425,056
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 1,782,475 425,054
SHAREHOLDERS' FUNDS 1,782,477 425,056
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Gail Waterman
Director
18/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Watermans Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11732354 . The registered office is DEB House, 19 Middlewoods Way, Wharncliffe Business Park, Carlton, Barnsley.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% Straight Line over 50 years
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 1)
2 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 August 2022 1,325,122
Additions 640,471
As at 31 July 2023 1,965,593
Depreciation
As at 1 August 2022 69,129
Provided during the period 39,312
As at 31 July 2023 108,441
Net Book Value
As at 31 July 2023 1,857,152
As at 1 August 2022 1,255,993
5. Investments
Unlisted
£
Cost
As at 1 August 2022 1
As at 31 July 2023 1
Provision
As at 1 August 2022 -
As at 31 July 2023 -
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 July 2023 1
As at 1 August 2022 1
The company's investment at the Balance Sheet date comprises a 100% holding of the ordinary share capital in Waterman Corporate Enterprises Limited, a company incorporated in England & Wales, whose principal activity is the manufacture of cosmetics.
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 80 81
80 81
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Directors' loan accounts 2 9,001
Amounts owed to subsidiaries 1,302,057 1,312,419
1,302,059 1,321,420
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
The company is controlled by Mr M Waterman & Mrs G Waterman, directors and shareholders of the company.
During the year the company received dividends of £1,600,000 (2022- - £nil)  from Waterman Corporate Enterprises Limited, a wholly owned subsidiary company.
The balance on the director's loan account at 31st July 2023 was £2 (2022 £9,001) due from the company.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr M L Waterman and Mrs G M Waterman by virtue of their ownership of 100% of the issued share capital in the company.
Page 4