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REGISTERED NUMBER: 04466011 (England and Wales)



















WATER MOUNTAIN LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






WATER MOUNTAIN LIMITED (REGISTERED NUMBER: 04466011)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


WATER MOUNTAIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr Y Fogel
Ms S Fogel





SECRETARY: Ms S Fogel





REGISTERED OFFICE: 84 Princes Park Avenue
London
NW11 0JX





REGISTERED NUMBER: 04466011 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

WATER MOUNTAIN LIMITED (REGISTERED NUMBER: 04466011)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 14,405 17,931

CURRENT ASSETS
Stocks 6 300 200
Debtors 7 229,089 231,452
Cash at bank 110,137 78,491
339,526 310,143
CREDITORS
Amounts falling due within one year 8 43,880 48,499
NET CURRENT ASSETS 295,646 261,644
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,051

279,575

PROVISIONS FOR LIABILITIES 9 2,737 3,407
NET ASSETS 307,314 276,168

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 307,311 276,165
SHAREHOLDERS' FUNDS 307,314 276,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WATER MOUNTAIN LIMITED (REGISTERED NUMBER: 04466011)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





Mr Y Fogel - Director


WATER MOUNTAIN LIMITED (REGISTERED NUMBER: 04466011)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Water Mountain 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

WATER MOUNTAIN LIMITED (REGISTERED NUMBER: 04466011)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 12,634 1,736 21,630 1,666 37,666
DEPRECIATION
At 1 January 2023 12,634 1,736 4,903 462 19,735
Charge for year - - 3,345 181 3,526
At 31 December 2023 12,634 1,736 8,248 643 23,261
NET BOOK VALUE
At 31 December 2023 - - 13,382 1,023 14,405
At 31 December 2022 - - 16,727 1,204 17,931

6. STOCKS
2023 2022
£    £   
Stocks 300 200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 117,598 119,961
Other debtors 111,491 111,491
229,089 231,452

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,394 10,692
Taxation and social security 15,149 13,776
Other creditors 21,337 24,031
43,880 48,499

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,737 3,407

WATER MOUNTAIN LIMITED (REGISTERED NUMBER: 04466011)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 3,407
Credit to Profit and Loss Account during year (670 )
Balance at 31 December 2023 2,737

The provision for deferred tax is in respect of accelerated capital allowances.

10. RELATED PARTY DISCLOSURES

Other debtors represent amounts due from a related company under common control.