Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31Construction of domestic buildings2023-01-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false33true 12505125 2023-01-01 2023-12-31 12505125 2022-01-01 2022-12-31 12505125 2023-12-31 12505125 2022-12-31 12505125 c:Director2 2023-01-01 2023-12-31 12505125 d:CurrentFinancialInstruments 2023-12-31 12505125 d:CurrentFinancialInstruments 2022-12-31 12505125 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12505125 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12505125 d:ShareCapital 2023-12-31 12505125 d:ShareCapital 2022-12-31 12505125 d:RetainedEarningsAccumulatedLosses 2023-12-31 12505125 d:RetainedEarningsAccumulatedLosses 2022-12-31 12505125 c:FRS102 2023-01-01 2023-12-31 12505125 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12505125 c:FullAccounts 2023-01-01 2023-12-31 12505125 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 12505125






WATERMEADOW HOMES (KETTERING) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










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WATERMEADOW HOMES (KETTERING) LIMITED
REGISTERED NUMBER:12505125

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
5,741,636
4,247,986

Cash at bank and in hand
 5 
579,805
4,877,004

  
6,321,441
9,124,990

Creditors: amounts falling due within one year
 6 
(118,315)
(2,921,792)

Net current assets
  
 
 
6,203,126
 
 
6,203,198

Total assets less current liabilities
  
6,203,126
6,203,198

  

Net assets
  
6,203,126
6,203,198


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
6,203,125
6,203,197

  
6,203,126
6,203,198


Page 1

 
WATERMEADOW HOMES (KETTERING) LIMITED
REGISTERED NUMBER:12505125
    
BALANCE SHEET (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 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 HOMES (KETTERING) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Watermeadow Homes (Kettering) 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 1DB.
The principal activity continued to be that of property development.

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

Revenue

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

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue 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 revenue 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

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
WATERMEADOW HOMES (KETTERING) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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

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
Page 4

 
WATERMEADOW HOMES (KETTERING) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

risks and rewards retained.

Derecognition of financial liabilities

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


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 -3).


4.


Debtors

2023
2022
£
£


Trade debtors
-
3,026

Amounts owed by group undertakings
5,741,636
4,244,960

5,741,636
4,247,986



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
579,805
4,877,004

579,805
4,877,004



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
12,675
13,016

Amounts owed to group undertakings
102,890
111,793

Other taxation and social security
-
2,794,233

Accruals and deferred income
2,750
2,750

118,315
2,921,792


 
Page 5