Waterman Property Management Limited |
Registered Number:10429625 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2023
Waterman Property Management Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Waterman Property Management Limited
Statement of Financial Position
2022
2023
767,546
770,510
2
Trade and other receivables |
1,788
1,788
3
1,529
Cash and cash equivalents |
5,102
777,400
770,863
Trade and other payables: amounts falling due within one |
year |
(557,779)
(567,211)
4
213,084
210,189
Net current assets
Total assets less current liabilities |
210,189
213,084
Trade and other payables: amounts falling due after more |
than one year |
(41,241)
(41,667)
5
168,522
Net assets
171,843
100
100
168,422
171,743
168,522
171,843
Shareholders' funds
For the year ended 30 November 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 of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 23 August 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 November 2023
Waterman Property Management Limited
Notes to the Financial Statements
Statutory Information
Waterman Property Management Limited is a private limited company, limited by shares, domiciled in England and |
Wales, registration number 10429625. |
26 High Street
Stock
Ingatestone
Essex
CM4 9BA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readlily apparent from other sources. The estimates and associated assumptions are based on histotrical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable fromn rental properties and the sale of development property provided in the normal course of business. |
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Stocks and working in progess is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs, developmnent costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, an assessment is made for impairment. Any excess of the carrying amoint of stocks over its estimated sellling price less costs to complete and sell is regonised as an impairment loss in the Profit & Loss Account. Reversals of impairment losses are also recognised in the Profit & Loss Account. |
2022
2023
770,510
767,546
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For the year ended 30 November 2023
Waterman Property Management Limited
Notes to the Financial Statements Continued
3. Trade and other receivables |
2022
2023
1,788
1,788
4. Trade and other payables: amounts falling due within one year |
2022
2023
8,333
8,333
2,304
-
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
361,939
361,939
194,635
187,507
567,211
557,779
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
41,667
41,241
6. Related party transactions |
The comapany is jointly controlled by the Directors. |
As at 30 November 2023 the Directors were owed £192,615 (2022:£185,5203) by the company. The loan advance |
is intertest free with no fixed term for repayment. |
As at 30 November 2023 £361,939 (2022: was oweed to Waterman Developments Ltd, a company under common |
control. |
7. Average number of persons employed |
During the year the average number of employees was 0
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