Company Registration No. 04833311 (England and Wales)
Waterfield Lettings Limited
Unaudited accounts
for the year ended 31 March 2023
Waterfield Lettings Limited
Unaudited accounts
Contents
Waterfield Lettings Limited
Company Information
for the year ended 31 March 2023
Company Number
04833311 (England and Wales)
Registered Office
Unit 3
Trafalgar Street
Plymouth
PL4 9AE
United Kingdom
Accountants
Sean Clarke Accountancy
7 Southbrook Road
Bovey Tracey
Devon
TQ13 9YZ
Waterfield Lettings Limited
Statement of financial position
as at 31 March 2023
Investment property
4,580,668
3,874,000
Cash at bank and in hand
44,093
191,203
Creditors: amounts falling due within one year
(1,457,464)
(1,682,370)
Net current liabilities
(1,413,371)
(1,491,167)
Total assets less current liabilities
3,167,297
2,382,833
Creditors: amounts falling due after more than one year
(1,710,210)
(1,055,210)
Provisions for liabilities
Deferred tax
(284,098)
(284,098)
Net assets
1,172,989
1,043,525
Called up share capital
100
100
Profit and loss account
1,172,889
1,043,425
Shareholders' funds
1,172,989
1,043,525
For the year ending 31 March 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2024 and were signed on its behalf by
Mr M Conyers
Director
Company Registration No. 04833311
Waterfield Lettings Limited
Notes to the Accounts
for the year ended 31 March 2023
Waterfield Lettings Limited is a private company, limited by shares, registered in England and Wales, registration number 04833311. The registered office is Unit 3, Trafalgar Street, Plymouth, PL4 9AE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 April 2022
3,874,000
At 31 March 2023
4,580,668
5
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
1,428,025
1,680,140
Taxes and social security
13,928
-
Other creditors
3,101
2,159
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,710,210
1,055,210
Waterfield Lettings Limited
Notes to the Accounts
for the year ended 31 March 2023
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).