Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04951156 2022-12-01 2023-11-30 04951156 2021-12-01 2022-11-30 04951156 2023-11-30 04951156 2022-11-30 04951156 c:Director1 2022-12-01 2023-11-30 04951156 d:PlantMachinery 2022-12-01 2023-11-30 04951156 d:PlantMachinery 2023-11-30 04951156 d:PlantMachinery 2022-11-30 04951156 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04951156 d:FurnitureFittings 2022-12-01 2023-11-30 04951156 d:FurnitureFittings 2023-11-30 04951156 d:FurnitureFittings 2022-11-30 04951156 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04951156 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04951156 d:CurrentFinancialInstruments 2023-11-30 04951156 d:CurrentFinancialInstruments 2022-11-30 04951156 d:Non-currentFinancialInstruments 2023-11-30 04951156 d:Non-currentFinancialInstruments 2022-11-30 04951156 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 04951156 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 04951156 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 04951156 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 04951156 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 04951156 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 04951156 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-11-30 04951156 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-11-30 04951156 d:ShareCapital 2023-11-30 04951156 d:ShareCapital 2022-11-30 04951156 d:RetainedEarningsAccumulatedLosses 2023-11-30 04951156 d:RetainedEarningsAccumulatedLosses 2022-11-30 04951156 c:FRS102 2022-12-01 2023-11-30 04951156 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04951156 c:FullAccounts 2022-12-01 2023-11-30 04951156 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04951156 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 04951156 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 04951156 2 2022-12-01 2023-11-30 04951156 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 04951156










WATERFRONT HOMES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
WATERFRONT HOMES LIMITED
REGISTERED NUMBER: 04951156

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,828
15,103

  
12,828
15,103

Current assets
  

Stocks
 5 
6,142
6,142

Debtors: amounts falling due within one year
 6 
22,287
16,111

  
28,429
22,253

Creditors: amounts falling due within one year
 7 
(21,246)
(17,016)

Net current assets
  
 
 
7,183
 
 
5,237

Total assets less current liabilities
  
20,011
20,340

Creditors: amounts falling due after more than one year
 8 
(19,743)
(20,065)

Provisions for liabilities
  

Deferred tax
 10 
(31)
(38)

  
 
 
(31)
 
 
(38)

Net assets
  
237
237


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
137
137

  
237
237


Page 1

 
WATERFRONT HOMES LIMITED
REGISTERED NUMBER: 04951156

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 August 2024.




H R D Cave
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
WATERFRONT HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
WATERFRONT HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.Accounting policies (continued)

 
1.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
1.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20% reducing balance
Fixtures and fittings
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
WATERFRONT HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.Accounting policies (continued)

 
1.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
1.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


General information

Waterfront Homes Limited is a private limited company incorporated in England and Wales.
The registered office is Kingsridge House, 601 London Road, Westcliff-on-Sea, Essex, SS0 9PE.


3.


Employees

2023
2022
£
£

Wages and salaries
9,000
9,000

9,000
9,000


The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
WATERFRONT HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 December 2022
6,409
17,725
24,134



At 30 November 2023

6,409
17,725
24,134



Depreciation


At 1 December 2022
6,207
2,824
9,031


Charge for the year on owned assets
40
2,235
2,275



At 30 November 2023

6,247
5,059
11,306



Net book value



At 30 November 2023
162
12,666
12,828



At 30 November 2022
202
14,901
15,103


5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
6,142
6,142



6.


Debtors

2023
2022
£
£


Trade debtors
2,786
3,914

Other debtors
19,501
12,197

22,287
16,111


Page 6

 
WATERFRONT HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
1,895
2,004

Bank loans
3,245
2,770

Trade creditors
-
248

Corporation tax
8,595
7,155

Other creditors
901
543

Accruals and deferred income
6,610
4,296

21,246
17,016



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
19,743
20,065



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
3,245
2,770


Amounts falling due 2-5 years

Bank loans
13,822
11,798

Amounts falling due after more than 5 years

Bank loans
5,921
8,268

22,988
22,836



10.


Deferred taxation

Page 7

 
WATERFRONT HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
 
10.Deferred taxation (continued)




2023


£






At beginning of year
(38)


Charged to profit or loss
7



At end of year
(31)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(31)
(38)

(31)
(38)


11.


Related party transactions

At 30th November 2023 the company was owed £3,546 (2022 £3,788) from companies under common control.


Page 8