Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity2023-05-01false67falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC730148 2023-05-01 2023-12-31 SC730148 2022-04-21 2023-04-30 SC730148 2023-12-31 SC730148 2023-04-30 SC730148 c:Director1 2023-05-01 2023-12-31 SC730148 c:Director2 2023-05-01 2023-12-31 SC730148 c:Director3 2023-05-01 2023-12-31 SC730148 c:Director4 2023-05-01 2023-12-31 SC730148 c:RegisteredOffice 2023-05-01 2023-12-31 SC730148 d:CurrentFinancialInstruments 2023-12-31 SC730148 d:CurrentFinancialInstruments 2023-04-30 SC730148 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC730148 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC730148 d:ShareCapital 2023-12-31 SC730148 d:ShareCapital 2023-04-30 SC730148 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC730148 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC730148 c:OrdinaryShareClass1 2023-05-01 2023-12-31 SC730148 c:OrdinaryShareClass1 2023-12-31 SC730148 c:OrdinaryShareClass1 2023-04-30 SC730148 c:FRS102 2023-05-01 2023-12-31 SC730148 c:AuditExempt-NoAccountantsReport 2023-05-01 2023-12-31 SC730148 c:FullAccounts 2023-05-01 2023-12-31 SC730148 c:PrivateLimitedCompanyLtd 2023-05-01 2023-12-31 SC730148 e:PoundSterling 2023-05-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC730148










WATERMANS PROPERTY SALES LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

 
WATERMANS PROPERTY SALES LIMITED
 

COMPANY INFORMATION


Directors
Mr A J Lee 
Mr D P Lee 
Mrs T R J Webster 
Mr S D D Whyte 




Registered number
SC730148



Registered office
5-10 Dock Place

Edinburgh

Scotland

EH6 6LU




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
WATERMANS PROPERTY SALES LIMITED
REGISTERED NUMBER: SC730148

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

31 December
30 April
2023
2023
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
68,019
47,245

Bank and cash balances
  
63,842
51,751

  
131,861
98,996

Creditors: amounts falling due within one year
 5 
(123,413)
(94,839)

Net current assets
  
 
 
8,448
 
 
4,157

Total assets less current liabilities
  
8,448
4,157

  

Net assets
  
8,448
4,157


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
8,248
3,957

  
8,448
4,157


Page 1

 
WATERMANS PROPERTY SALES LIMITED
REGISTERED NUMBER: SC730148

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 21 August 2024.




Mr S D D Whyte
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
WATERMANS PROPERTY SALES LIMITED
 

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

1.


General information

Watermans Property Sales Limited is a private company limited by shares, incorporated in Scotland, with registration number SC730148. The registered office address is 5-10 Dock Place, Edinburgh, EH6 6LU.      
During the period, the company shortened its year end from 30 April 2024 to 31 December 2023 and therefore the financial statements cover the 8 month period ended 31 December 2023.

The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

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:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
WATERMANS PROPERTY SALES LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the period 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 tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting 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 reporting 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 reporting date.
 
 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.6

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 6 (2023 - 7)

Page 4

 
WATERMANS PROPERTY SALES LIMITED
 

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

4.


Debtors

31 December
30 April
2023
2023
£
£


Trade debtors
39,793
19,660

Amounts owed by group undertakings
13,000
-

Other debtors
13,100
22,235

Prepayments and accrued income
1,951
5,213

Deferred taxation
175
137

68,019
47,245



5.


Creditors: Amounts falling due within one year

31 December
30 April
2023
2023
£
£

Trade creditors
20,788
24,696

Amounts owed to group undertakings
-
25,900

Other taxation and social security
100,176
41,949

Other creditors
699
556

Accruals and deferred income
1,750
1,738

123,413
94,839



6.


Share capital

31 December
30 April
2023
2023
£
£
Allotted, called up and fully paid



200 (2023 - 200) Ordinary shares of £1.00 each
200
200



Page 5