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REGISTERED NUMBER: 09933904 (England and Wales)















Waterside Homes Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2024






Waterside Homes Ltd (Registered number: 09933904)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Waterside Homes Ltd

Company Information
for the year ended 31 January 2024







DIRECTORS: Miss L A Davis
M Kothari
M C Philpot





REGISTERED OFFICE: 13 The Courtyard
Timothy's Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP





REGISTERED NUMBER: 09933904 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP

Waterside Homes Ltd (Registered number: 09933904)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,811 7,432

CURRENT ASSETS
Debtors 5 36,242 3,142
Cash at bank 53,573 77,376
89,815 80,518
CREDITORS
Amounts falling due within one year 6 56,276 58,356
NET CURRENT ASSETS 33,539 22,162
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,350

29,594

CREDITORS
Amounts falling due after more than one
year

7

(14,670

)

(23,469

)

PROVISIONS FOR LIABILITIES (1,104 ) (1,412 )
NET ASSETS 23,576 4,713

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 23,276 4,413
SHAREHOLDERS' FUNDS 23,576 4,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Waterside Homes Ltd (Registered number: 09933904)

Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





Miss L A Davis - Director


Waterside Homes Ltd (Registered number: 09933904)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Waterside Homes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Waterside Homes Ltd (Registered number: 09933904)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 22,859 9,766 32,625
Additions 394 - 394
At 31 January 2024 23,253 9,766 33,019
DEPRECIATION
At 1 February 2023 16,986 8,207 25,193
Charge for year 1,501 514 2,015
At 31 January 2024 18,487 8,721 27,208
NET BOOK VALUE
At 31 January 2024 4,766 1,045 5,811
At 31 January 2023 5,873 1,559 7,432

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,242 3,142

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,800 8,800
Trade creditors 9,050 5,487
Taxation and social security 17,044 19,326
Other creditors 21,382 24,743
56,276 58,356

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,670 23,469

Waterside Homes Ltd (Registered number: 09933904)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 1,210