Waterdale Limited |
Notes to the Accounts |
for the year ended 31 March 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover represents rental income receivable. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided at the following rates to write off the cost over its expected useful life: |
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Leasehold property |
over the lease term |
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Plant and machinery |
25% straight line |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
- |
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- |
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3 |
Intangible fixed assets |
£ |
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Goodwill: |
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Cost |
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At 1 April 2023 |
86,232 |
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At 31 March 2024 |
86,232 |
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Amortisation |
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At 1 April 2023 |
86,231 |
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At 31 March 2024 |
86,231 |
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Net book value |
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At 31 March 2024 |
1 |
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At 31 March 2023 |
1 |
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Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years. |
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4 |
Tangible fixed assets |
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Leasehold property |
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Plant and machinery etc |
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Total |
£ |
£ |
£ |
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Cost |
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At 1 April 2023 |
5,109 |
|
22,225 |
|
27,334 |
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At 31 March 2024 |
5,109 |
|
22,225 |
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27,334 |
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Depreciation |
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At 1 April 2023 |
5,108 |
|
22,224 |
|
27,332 |
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At 31 March 2024 |
5,108 |
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22,224 |
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27,332 |
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Net book value |
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At 31 March 2024 |
1 |
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1 |
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2 |
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At 31 March 2023 |
1 |
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1 |
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2 |
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5 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Trade debtors |
900 |
|
900 |
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Other debtors |
3,025 |
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3,010 |
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3,925 |
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3,910 |
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6 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Corporation tax |
1,556 |
|
1,584 |
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Other creditors |
5,245 |
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2,557 |
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6,801 |
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4,141 |
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7 |
Other information |
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Waterdale Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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454 Ewell Road |
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Surbiton |
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Surrey |
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KT6 7EL |