Acorah Software Products - Accounts Production 15.0.400 false true 31 December 2022 1 January 2022 true 1 January 2023 31 December 2023 31 December 2023 01139794 Mr David Hughes Mr Martin James Mr Jason Beard Mrs Pauline Thorpe Mr Nigel Perkins Mr David Hughes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01139794 2022-12-31 01139794 2023-12-31 01139794 2023-01-01 2023-12-31 01139794 frs-core:CurrentFinancialInstruments 2023-12-31 01139794 frs-core:ShareCapital 2023-12-31 01139794 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01139794 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01139794 frs-bus:FullAccounts 2023-01-01 2023-12-31 01139794 frs-bus:SmallEntities 2023-01-01 2023-12-31 01139794 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01139794 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01139794 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-01-01 2023-12-31 01139794 frs-bus:Director1 2023-01-01 2023-12-31 01139794 frs-bus:Director2 2023-01-01 2023-12-31 01139794 frs-bus:Director3 2023-01-01 2023-12-31 01139794 frs-bus:Director4 2023-01-01 2023-12-31 01139794 frs-bus:Director5 2023-01-01 2023-12-31 01139794 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 01139794 frs-countries:EnglandWales 2023-01-01 2023-12-31 01139794 2021-12-31 01139794 2022-12-31 01139794 2022-01-01 2022-12-31 01139794 frs-core:CurrentFinancialInstruments 2022-12-31 01139794 frs-core:ShareCapital 2022-12-31 01139794 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 01139794
WATERTHORPE LIMITED
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5
Notes to the Financial Statements 6
Page 1
Company Information
Directors Mr David Hughes
Mr Martin James
Mr Jason Beard
Mrs Pauline Thorpe
Mr Nigel Perkins
Secretary Mr David Hughes
Company Number 01139794
Registered Office 14 Jessops Riverside
800 Brightside Lane
Sheffield
S9 2RX
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2023.
Principal Activity
The Company was formed in 1973 to maintain and control amenity land at Waterthorpe farm Estate, Sheffield.
Directors
The following Directors have served in office during the year and held the following shares:
N Perkins - Treasurer - 1 share held
PV Thorpe - Chairperson - 1 share held
D A Hughes - Secretary - 1 share held
E Hughes - 1 share held
M A James - 1 share held
J P Beard - 1 share held
All present Directors will be resigning and the election or re-election of Directros will be held at the Annual General Meeting.
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr David Hughes
Director
08/07/2024
Page 2
Page 3
Accountant's Report
In accordance with the engagement letter dated 25 March 2024, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 December 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
08/07/2024
Page 3
Page 4
Profit and Loss Account
2023 2022
Notes £ £
Administrative expenses (9,642 ) (10,128 )
Other operating income 9,920 9,525
OPERATING PROFIT/(LOSS) AND PROFIT/(LOSS) FOR THE FINANCIAL YEAR 278 (603 )
The notes on page 6 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 6 4,345 3,547
Cash at bank and in hand 2,138 2,657
6,483 6,204
Creditors: Amounts Falling Due Within One Year 7 (2,401 ) (2,400 )
NET CURRENT ASSETS (LIABILITIES) 4,082 3,804
TOTAL ASSETS LESS CURRENT LIABILITIES 4,082 3,804
NET ASSETS 4,082 3,804
CAPITAL AND RESERVES
Called up share capital 8 123 123
Profit and Loss Account 3,959 3,681
SHAREHOLDERS' FUNDS 4,082 3,804
For the year ending 31 December 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 in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr David Hughes
Director
08/07/2024
The notes on page 6 form part of these financial statements.
Page 5
Page 6
Notes to the Financial Statements
1. General Information
WATERTHORPE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 01139794 . The registered office is 14 Jessops Riverside, 800 Brightside Lane, Sheffield, S9 2RX.
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. TAXATION
The company does not carry on a trade and is therefore not subject to Corporation Tax on its profits.
2.3. Fixed Assets
In 2018 the Directors opted to fully write down the value of the land held by the company. If the land, or any part of it, is eventually sold the proceeds will be brought back into profit and loss.
2.4.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Directors' remuneration
2023 2022
£ £
The directors do not receive a salary although their service charge is waived in order to cover expenses they incur in their duties.
5. BAD DEBTS PROVISION
All debts are eventually collectable as the leaseholders cannot sell their house with monies outstanding, therefore, the board have decided that the bad debt provision is no longer required.
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 4,345 3,547
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,401 2,400
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 123 123
The authorised and issued share capital is 123 ordinary shares of £1 each. The shares are owned by the residents of the estate, that is, one share for each household.
Page 6