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REGISTERED NUMBER: 03854007 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

WATERSIDE BUILDERS LIMITED

WATERSIDE BUILDERS LIMITED (REGISTERED NUMBER: 03854007)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WATERSIDE BUILDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: P G Stevenson





SECRETARY: P G Stevenson





REGISTERED OFFICE: No 5 Keeley Farm Court
Bedford Road
Wooton
Bedfordshire
MK43 9LF





REGISTERED NUMBER: 03854007 (England and Wales)





ACCOUNTANTS: Cox & Co. (Accountancy) Limited
Chartered Accountants
The Granary
High Street
Turvey
Bedford
Bedfordshire
MK43 8DB

WATERSIDE BUILDERS LIMITED (REGISTERED NUMBER: 03854007)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 120,400 120,400
Debtors 5 - 134
Cash at bank 7,748 7,532
128,148 128,066
CREDITORS
Amounts falling due within one year 6 68,209 39,192
NET CURRENT ASSETS 59,939 88,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,939

88,874

CREDITORS
Amounts falling due after more than one
year

7

295,710

295,710
NET LIABILITIES (235,771 ) (206,836 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (235,781 ) (206,846 )
SHAREHOLDERS' FUNDS (235,771 ) (206,836 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

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 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:




P G Stevenson - Director


WATERSIDE BUILDERS LIMITED (REGISTERED NUMBER: 03854007)

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

1. STATUTORY INFORMATION

Waterside Builders Limited 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.

The Directors believe the going concern method of preparing the accounts remains appropriate due to the net realisable value of the properties held in stock. When these are sold the directors estimate that their realisable value would be in excess of £800,000. Until the sale the Directors will continue to support the company financially.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 12,362
DEPRECIATION
At 1 December 2022
and 30 November 2023 12,362
NET BOOK VALUE
At 30 November 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 134

WATERSIDE BUILDERS LIMITED (REGISTERED NUMBER: 03854007)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 419 419
Other creditors 67,790 38,773
68,209 39,192

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 295,710 295,710

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 295,710 295,710

Bank loans are secured in favour of the lenders by way of a fixed charge and negative pledge over 27 Shaftsbury Avenue, Bedford, Beds, MK40 3RZ, and by way of a legal charge over Tranquility, Highfield Road Kempston, Beds and over land and garages to the east side of Highfield Road, Kempston, Beds.