Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31Management of real estatetrue2023-01-0133truetrue 11945291 2023-01-01 2023-12-31 11945291 2022-01-01 2022-12-31 11945291 2023-12-31 11945291 2022-12-31 11945291 c:Director1 2023-01-01 2023-12-31 11945291 d:FurnitureFittings 2023-01-01 2023-12-31 11945291 d:FurnitureFittings 2023-12-31 11945291 d:FurnitureFittings 2022-12-31 11945291 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11945291 d:CurrentFinancialInstruments 2023-12-31 11945291 d:CurrentFinancialInstruments 2022-12-31 11945291 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11945291 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11945291 d:ShareCapital 2023-12-31 11945291 d:ShareCapital 2022-12-31 11945291 d:RetainedEarningsAccumulatedLosses 2023-12-31 11945291 d:RetainedEarningsAccumulatedLosses 2022-12-31 11945291 c:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 11945291 c:FRS102 2023-01-01 2023-12-31 11945291 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11945291 c:FullAccounts 2023-01-01 2023-12-31 11945291 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 11945291






WATERMEADOW PROPERTIES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










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WATERMEADOW PROPERTIES LIMITED
REGISTERED NUMBER:11945291

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
115
301

  
115
301

Current assets
  

Debtors: amounts falling due within one year
 4 
1,875,135
1,384,926

Cash at bank and in hand
 5 
76,252
38,882

  
1,951,387
1,423,808

Creditors: amounts falling due within one year
 6 
(1,958,099)
(1,428,864)

Net current liabilities
  
 
 
(6,712)
 
 
(5,056)

Total assets less current liabilities
  
(6,597)
(4,755)

  

Net liabilities
  
(6,597)
(4,755)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(6,598)
(4,756)

  
(6,597)
(4,755)


Page 1

 
WATERMEADOW PROPERTIES LIMITED
REGISTERED NUMBER:11945291
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

For the year ended 31 December 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 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 by: 




R S Anderson
Director

Date: 19 September 2024

Page 2

 
WATERMEADOW PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Watermeadow Properties Limited is a private company limited by shares incorporated in England and Wales. Its registered office is Millhouse, 32 - 38 East Street, Rochford, Essex, SS4 1 DB.
The principal activity continued to be that of property letting and management.

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.

 
2.2

Going concern

Despite the Company having net liabilities the directors are of the opinion that the Company is a going concern due to the continued support of the group.

 
2.3

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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Straight line

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.

 
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.

Page 3

 
WATERMEADOW PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 4

 
WATERMEADOW PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2023
746



At 31 December 2023

746



Depreciation


At 1 January 2023
445


Charge for the year on owned assets
186



At 31 December 2023

631



Net book value



At 31 December 2023
115



At 31 December 2022
300

Page 5

 
WATERMEADOW PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Debtors

2023
2022
£
£


Trade debtors
-
16,671

Amounts owed by group undertakings
1,875,135
1,368,255

1,875,135
1,384,926



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
76,252
38,882

76,252
38,882



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
1,956,299
1,427,364

Accruals and deferred income
1,800
1,500

1,958,099
1,428,864


 
Page 6