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REGISTERED NUMBER: 04437415















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

J L WATERHOUSE LIMITED

J L WATERHOUSE LIMITED (REGISTERED NUMBER: 04437415)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J L WATERHOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr J L Waterhouse
Mrs P R Waterhouse





REGISTERED OFFICE: 6 Cotswold Business Village
London Road
MORETON-IN-MARSH
Gloucestershire
GL56 0JQ





REGISTERED NUMBER: 04437415





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

J L WATERHOUSE LIMITED (REGISTERED NUMBER: 04437415)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,046 2,728
Investments 5 11,406 11,406
Investment property 6 640,000 640,000
653,452 654,134

CURRENT ASSETS
Debtors 7 269,011 226,210
Cash at bank and in hand 24,667 850
293,678 227,060
CREDITORS
Amounts falling due within one year 8 68,120 60,454
NET CURRENT ASSETS 225,558 166,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

879,010

820,740

CREDITORS
Amounts falling due after more than one
year

9

(400,316

)

(350,456

)

PROVISIONS FOR LIABILITIES 12 (5,292 ) (5,358 )
NET ASSETS 473,402 464,926

CAPITAL AND RESERVES
Called up share capital 13 110 110
Fair value reserve 14 20,634 20,634
Retained earnings 14 452,658 444,182
SHAREHOLDERS' FUNDS 473,402 464,926

J L WATERHOUSE LIMITED (REGISTERED NUMBER: 04437415)

BALANCE SHEET - continued
31 DECEMBER 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





Mr J L Waterhouse - Director


J L WATERHOUSE LIMITED (REGISTERED NUMBER: 04437415)

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

1. STATUTORY INFORMATION

J L Waterhouse Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is included at 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.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

J L WATERHOUSE LIMITED (REGISTERED NUMBER: 04437415)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 11,893
DEPRECIATION
At 1 January 2023 9,165
Charge for year 682
At 31 December 2023 9,847
NET BOOK VALUE
At 31 December 2023 2,046
At 31 December 2022 2,728

5. FIXED ASSET INVESTMENTS
Interest
in Unlisted
associate investments Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 2,593 8,813 11,406
NET BOOK VALUE
At 31 December 2023 2,593 8,813 11,406
At 31 December 2022 2,593 8,813 11,406

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 640,000
NET BOOK VALUE
At 31 December 2023 640,000
At 31 December 2022 640,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 25,474
Cost 614,526
640,000

J L WATERHOUSE LIMITED (REGISTERED NUMBER: 04437415)

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

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 614,526 614,526

Investment property was valued on an open market basis on 30 September 2022 by various professional agents .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 187,849 176,134
Other debtors 81,000 49,457
Prepayments 162 619
269,011 226,210

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 10) - 5,841
Trade creditors 51,161 43,497
Tax 13,250 8,229
Directors' current accounts 127 127
Accrued expenses 3,582 2,760
68,120 60,454

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 10) 400,316 350,456

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 400,316 327,093

10. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans - 5,841

J L WATERHOUSE LIMITED (REGISTERED NUMBER: 04437415)

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

10. LOANS - continued
31.12.23 31.12.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years - 23,363

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 400,316 327,093

11. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 400,316 356,297

The mortgages are secured by way of charges over the investment properties in favour of Keystone Property Finance Ltd, and Arbuthnot Latham & Co Limited.

12. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 452 518
Other timing differences 4,840 4,840
5,292 5,358

Deferred
tax
£   
Balance at 1 January 2023 5,358
Provided during year (66 )
Tax on property revaluations
Balance at 31 December 2023 5,292

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
10 Ordinary C £1 10 10
110 110

J L WATERHOUSE LIMITED (REGISTERED NUMBER: 04437415)

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

14. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 444,182 20,634 464,816
Profit for the year 47,476 47,476
Dividends (39,000 ) (39,000 )
At 31 December 2023 452,658 20,634 473,292

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr & Mrs J L Waterhouse.