Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30truefalse2022-09-02property management00falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14333801 2022-09-01 14333801 2022-09-02 2023-09-30 14333801 2021-09-02 2022-09-01 14333801 2023-09-30 14333801 c:Director1 2022-09-02 2023-09-30 14333801 d:FreeholdInvestmentProperty 2022-09-02 2023-09-30 14333801 d:FreeholdInvestmentProperty 2023-09-30 14333801 d:CurrentFinancialInstruments 2023-09-30 14333801 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 14333801 d:ShareCapital 2022-09-02 2023-09-30 14333801 d:ShareCapital 2023-09-30 14333801 d:RetainedEarningsAccumulatedLosses 2022-09-02 2023-09-30 14333801 d:RetainedEarningsAccumulatedLosses 2023-09-30 14333801 c:OrdinaryShareClass1 2022-09-02 2023-09-30 14333801 c:OrdinaryShareClass1 2023-09-30 14333801 c:OrdinaryShareClass2 2022-09-02 2023-09-30 14333801 c:OrdinaryShareClass2 2023-09-30 14333801 c:FRS102 2022-09-02 2023-09-30 14333801 c:AuditExempt-NoAccountantsReport 2022-09-02 2023-09-30 14333801 c:FullAccounts 2022-09-02 2023-09-30 14333801 c:PrivateLimitedCompanyLtd 2022-09-02 2023-09-30 14333801 e:PoundSterling 2022-09-02 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14333801









WATERFALL PROPERTY COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2023

 
WATERFALL PROPERTY COMPANY LIMITED
REGISTERED NUMBER: 14333801

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
Note
£

FIXED ASSETS
  

Investment property
  
984,493

  
984,493

CURRENT ASSETS
  

Cash at bank and in hand
  
132,185

  
132,185

Creditors: amounts falling due within one year
 5 
(1,126,404)

NET CURRENT LIABILITIES
  
 
 
(994,219)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(9,726)

  

NET LIABILITIES
  
(9,726)


CAPITAL AND RESERVES
  

Called up share capital 
 6 
100

Profit and loss account
  
(9,826)

  
(9,726)


Page 1

 
WATERFALL PROPERTY COMPANY LIMITED
REGISTERED NUMBER: 14333801
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 profit and loss account 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 by: 




J C O'Donnell
Director

Date: 4 September 2024

The notes on pages 4 to 5 form part of these financial statements.

Page 2

 
WATERFALL PROPERTY COMPANY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 SEPTEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£



Loss for the period
-
(9,826)
(9,826)

Shares issued during the period
100
-
100


AT 30 SEPTEMBER 2023
100
(9,826)
(9,726)

The notes on pages 4 to 5 form part of these financial statements.

Page 3

 
WATERFALL PROPERTY COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

1.


GENERAL INFORMATION

Waterfall Property Company Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, United Kingdom, CB1 2LA.
The Company's functional and presentational currency is GBP.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The Company had net liabilities of £9,726 as at 30 September 2023. The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive financial support from its shareholders as they fall due.

 
2.3

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the director based on professional advice received and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

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.

 
2.6

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Page 4

 
WATERFALL PROPERTY COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

3.


EMPLOYEES

The Company has no employees other than the director, who did not receive any remuneration.


4.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


Additions at cost
984,493



AT 30 SEPTEMBER 2023
984,493







5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
£

Other creditors
1,124,004

Accruals
2,400

1,126,404



6.


SHARE CAPITAL

2023
£
ALLOTTED, CALLED UP AND FULLY PAID


67 Ordinary A Shares shares of £1.00 each
67
33 Ordinary B Shares shares of £1.00 each
33

100


On incorporation, the Company issued 67 Ordinary A shares of £1 and 33 Ordinary B shares of £1 each at par.

 
Page 5