WATERSIDE PROPERTY SERVICES LTD

Company Registration Number:
03672869 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

WATERSIDE PROPERTY SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

WATERSIDE PROPERTY SERVICES LTD

Company Information

for the Period Ended 31 December 2023




Director: Steven Peck
Secretary: Angela Peck
Registered office: 18 Haddonsacre Business Centre
Station Road
Offenham
Worcestershire
England
WR11 8JJ
Company Registration Number: 03672869 (England and Wales)

WATERSIDE PROPERTY SERVICES LTD

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

The principal activity of the company continued to be that of property investment and management

Directors

The directors shown below have held office during the whole of the period from 01 January 2023 to 31 December 2023
Steven Peck

Secretary
Angela Peck

This report was approved by the board of directors on 11 April 2024
And Signed On Behalf Of The Board By:

Name: Steven Peck
Status: Director

WATERSIDE PROPERTY SERVICES LTD

Profit and Loss Account

for the Period Ended 31 December 2023


Notes

2023
£

2022
£
Turnover 478,765 154,969
Cost of sales ( 270,000 ) -
Gross Profit or (Loss) 208,765 154,969
Administrative Expenses ( 33,657 ) ( 21,759 )
Operating Profit or (Loss) 175,108 133,210
Interest Receivable and Similar Income 189 58
Interest Payable and Similar Charges ( 103,733 ) ( 46,488 )
Profit or (Loss) Before Tax 71,564 86,780
Tax on Profit ( 35 ) -
Profit or (Loss) for Period 71,529 86,780

The notes form part of these financial statements

WATERSIDE PROPERTY SERVICES LTD

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 1,667,692 2,069,067
Total fixed assets: 1,667,692 2,069,067
Current assets
Debtors: 5 100,000 60,000
Cash at bank and in hand: 62,459 99,731
Total current assets: 162,459 159,731
Creditors: amounts falling due within one year: 6 ( 142,692 ) ( 168,535 )
Net current assets (liabilities): 19,767 ( 8,804 )
Total assets less current liabilities: 1,687,459 2,060,263
Creditors: amounts falling due after more than one year: 7 ( 1,340,367 ) ( 1,604,650 )
Total net assets (liabilities): 347,092 455,613

The notes form part of these financial statements

WATERSIDE PROPERTY SERVICES LTD

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1,800,000 1,850,000
Revaluation reserve: 8 253,975 383,975
Profit and loss account: ( 1,706,883 ) ( 1,778,362 )
Shareholders funds: 347,092 455,613

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 11 April 2024
And Signed On Behalf Of The Board By:

Name: Steven Peck
Status: Director

The notes form part of these financial statements

WATERSIDE PROPERTY SERVICES LTD

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

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Fixtures & fittings Total
Cost £ £ £
At 01 January 2023 2,040,000 105,161 2,145,161
Additions - 7,855 7,855
Disposals ( 270,000 ) - ( 270,000 )
Revaluations ( 130,000 ) - ( 130,000 )
Transfers - - -
At 31 December 2023 1,640,000 113,016 1,753,016
Depreciation
At 01 January 2023 - 76,094 76,094
Charge for year - 9,230 9,230
On disposals - - -
Other adjustments - - -
At 31 December 2023 - 85,324 85,324
Net book value
At 31 December 2023 1,640,000 27,692 1,667,692
At 31 December 2022 2,040,000 29,067 2,069,067

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors


2023
£

2022
£
Other debtors 100,000 60,000
Total 100,000 60,000

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 138,192 162,535
Other creditors 4,500 6,000
Total 142,692 168,535

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 1,333,967 1,598,250
Other creditors 6,400 6,400
Total 1,340,367 1,604,650

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Revaluation reserve


2023
£
Balance at 01 January 2023 383,975
Surplus or deficit after revaluation ( 130,000 )
Balance at 31 December 2023 253,975