FAWLEY WATERSIDE LIMITED

Company Registration Number:
09348907 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

FAWLEY WATERSIDE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

FAWLEY WATERSIDE LIMITED

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

The principal activity of the company is ownership of a land site at Fawley near Southampton requiring planning permission for the purpose of future residential and commercial development

Political and charitable donations

The company made no political donations during the year



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

William Waldorf Astor
Matthew William Alexander Doran
Aldred Robert Alexander Drumond
Timothy Piers Bennett Phillips


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 September 2024

And signed on behalf of the board by:
Name: Matthew William Alexander Doran
Status: Director

FAWLEY WATERSIDE LIMITED

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 1,594,000 1,286,000
Cost of sales: ( 2,775,000 ) ( 3,150,000 )
Gross profit(or loss): (1,181,000) (1,864,000)
Administrative expenses: ( 1,311,000 ) ( 1,030,000 )
Other operating income: 455,000
Operating profit(or loss): (2,492,000) (2,439,000)
Interest payable and similar charges: ( 472,000 ) ( 399,000 )
Profit(or loss) before tax: (2,964,000) (2,838,000)
Tax: 407,000 13,000
Profit(or loss) for the financial year: (2,557,000) (2,825,000)

FAWLEY WATERSIDE LIMITED

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 0 37,000
Total fixed assets: 0 37,000
Current assets
Stocks: 4 26,630,000 26,630,000
Debtors: 5 558,000 1,362,000
Cash at bank and in hand: 544,000 455,000
Total current assets: 27,732,000 28,447,000
Creditors: amounts falling due within one year: 6 ( 11,487,000 ) ( 10,320,000 )
Net current assets (liabilities): 16,245,000 18,127,000
Total assets less current liabilities: 16,245,000 18,164,000
Creditors: amounts falling due after more than one year: 7 ( 638,000 )
Total net assets (liabilities): 15,607,000 18,164,000
Capital and reserves
Called up share capital: 36,840,000 36,840,000
Profit and loss account: (21,233,000 ) (18,676,000 )
Total Shareholders' funds: 15,607,000 18,164,000

The notes form part of these financial statements

FAWLEY WATERSIDE LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 September 2024
and signed on behalf of the board by:

Name: Matthew William Alexander Doran
Status: Director

The notes form part of these financial statements

FAWLEY WATERSIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover, which excludes value added tax, represents the income arising from the rental of land, associated services, and sale of assets acquired with Fawley Power Station. All turnover is derived from activities in the United Kingdom and recognised on an accruals basis

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. The company assesses at each reporting date whether tangible fixed assets are impaired. Depreciation is charged to the profit and loss account on a straight-line basis over the estimated useful lives of each part of an item of tangible fixed assets. The estimated useful lives are as follows Plant and equipment 5 years Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant change since the last annual reporting date in the pattern by which the company expects to consume an asset's future economic benefits

    Other accounting policies

    Measurement convention Going Concern Classification of financial instruments issued by the Company Basic financial instruments Impairment Work in progress Expenses Taxation

FAWLEY WATERSIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

FAWLEY WATERSIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 371,000 371,000
Additions
Disposals
Revaluations
Transfers
At 31 March 2023 371,000 371,000
Depreciation
At 1 April 2022 334,000 334,000
Charge for year 37,000 37,000
On disposals
Other adjustments
At 31 March 2023 371,000 371,000
Net book value
At 31 March 2023 0 0
At 31 March 2022 37,000 37,000

FAWLEY WATERSIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Stocks

2023 2022
£ £
Stocks 26,630,000 26,630,000
Total 26,630,000 26,630,000

FAWLEY WATERSIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors

2023 2022
£ £
Trade debtors 23,000 379,000
Prepayments and accrued income 83,000 701,000
Other debtors 452,000 282,000
Total 558,000 1,362,000

FAWLEY WATERSIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 7,639,000 7,904,000
Trade creditors 127,000 811,000
Accruals and deferred income 639,000 724,000
Other creditors 3,082,000 881,000
Total 11,487,000 10,320,000

FAWLEY WATERSIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Creditors: amounts falling due after more than one year note

2023
£
Other creditors 638,000
Total 638,000