WATERFORD FINANCE & INVESTMENT (UK) LIMITED

Company Registration Number:
03100777 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

WATERFORD FINANCE & INVESTMENT (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

WATERFORD FINANCE & INVESTMENT (UK) LIMITED

Company Information

for the Period Ended 31 December 2023




Director: A.Kruzhkov
Secretary: A.Rakhimova
Registered office: Kings House
10 Haymarket
London
SW1Y 4BP
Company Registration Number: 03100777 (England and Wales)

WATERFORD FINANCE & INVESTMENT (UK) LIMITED

Directors' Report Period Ended 31 December 2023

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

Principal Activities

Provision of consultancy services.

Directors

The directors shown below have held office during the whole of the period from 01 January 2023 to 31 December 2023
A.Kruzhkov

Secretary
A.Rakhimova

This report was approved by the board of directors on 1 October 2024
And Signed On Behalf Of The Board By:

Name: A.Kruzhkov
Status: Director

WATERFORD FINANCE & INVESTMENT (UK) LIMITED

Profit and Loss Account

for the Period Ended 31 December 2023


Notes

2023
£

2022
£
Turnover 376,779 388,550
Gross Profit or (Loss) 376,779 388,550
Administrative Expenses ( 369,711 ) ( 381,925 )
Operating Profit or (Loss) 7,068 6,625
Profit or (Loss) Before Tax 7,068 6,625
Tax on Profit ( 1,462 ) ( 1,940 )
Profit or (Loss) for Period 5,606 4,685

The notes form part of these financial statements

WATERFORD FINANCE & INVESTMENT (UK) LIMITED

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 5,014 2,953
Total fixed assets: 5,014 2,953
Current assets
Debtors: 5 172,480 117,898
Cash at bank and in hand: 6,425 21,097
Total current assets: 178,905 138,995
Creditors: amounts falling due within one year: 6 ( 62,196 ) ( 19,795 )
Net current assets (liabilities): 116,709 119,200
Total assets less current liabilities: 121,723 122,153
Creditors: amounts falling due after more than one year: 7 ( 7,810 ) ( 13,846 )
Total net assets (liabilities): 113,913 108,307

The notes form part of these financial statements

WATERFORD FINANCE & INVESTMENT (UK) LIMITED

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 113,911 108,305
Shareholders funds: 113,913 108,307

For the year ending 31 December 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 1 October 2024
And Signed On Behalf Of The Board By:

Name: A.Kruzhkov
Status: Director

The notes form part of these financial statements

WATERFORD FINANCE & INVESTMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 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 represents consultancy fees net of VAT.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation.
    Tangible fixed assets are depreciated over their estimated useful lives, at the following rates:

    Office furniture and equipment - 20% per annum

    Other accounting policies

    Going concern The directors are of the opinion that it is appropriate to prepare these financial statements on a going concern basis.

WATERFORD FINANCE & INVESTMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 5 4

WATERFORD FINANCE & INVESTMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

WATERFORD FINANCE & INVESTMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Office equipment Total
Cost £ £
At 01 January 2023 31,195 31,195
Additions 3,688 3,688
Disposals - -
Revaluations - -
Transfers - -
At 31 December 2023 34,883 34,883
Depreciation
At 01 January 2023 28,242 28,242
Charge for year 1,627 1,627
On disposals - -
Other adjustments - -
At 31 December 2023 29,869 29,869
Net book value
At 31 December 2023 5,014 5,014
At 31 December 2022 2,953 2,953

WATERFORD FINANCE & INVESTMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors


2023
£

2022
£
Trade debtors 114,513 0
Prepayments and accrued income 50,060 110,370
Other debtors 7,907 7,528
Total 172,480 117,898

WATERFORD FINANCE & INVESTMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 59,741 11,863
Taxation and social security 1,565 7,042
Other creditors 890 890
Total 62,196 19,795

WATERFORD FINANCE & INVESTMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

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


2023
£

2022
£
Other creditors 7,810 13,846
Total 7,810 13,846

Waterford Finance and Investment Limited provided the company with a loan of £7,810 (2022: £13,846).This loan is not interest bearing and no interest was charged for the year.

WATERFORD FINANCE & INVESTMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

8.1.Related party disclosures

Name of related party:
Description of relationship:
Parent company Waterford Finance & Investment Limited
Description of the transaction:
During the year the company charged £ 376,779 (2022: £388,550) to Waterford Finance & Investment Limited for consultancy services. Waterford Finance & Investment Limited £ 7,810 (2022: £13,846) a group undertaking interest in the company. This loan is not interest bearing and no interest was charged for the year.
Balance at 01 January 2023 13,846
Balance at 31 December 2023 7,810

Name of related party:
Description of relationship:
Affiliated company Waterford Finance and Investment UK Limited
Description of the transaction:
During the year the company was charged £ 171,131 (2022: £171,577) by Waterford Finance and Investment UK Limited for rental expenses.
Balance at 01 January 2023 11,578
Balance at 31 December 2023 59,742