Registered number
13928134
Waterloo Assets Ltd
Filleted Accounts
29 February 2024
Waterloo Assets Ltd
Registered number: 13928134
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 600,286 600,286
Current assets
Debtors 4 63,841 42,000
Cash at bank and in hand 7,216 8,319
71,057 50,319
Creditors: amounts falling due within one year 5 (267,717) (247,182)
Net current liabilities (196,660) (196,863)
Total assets less current liabilities 403,626 403,423
Creditors: amounts falling due after more than one year 6 (430,843) (430,843)
Net liabilities (27,217) (27,420)
Capital and reserves
Called up share capital 100 100
Profit and loss account (27,317) (27,520)
Shareholder's funds (27,217) (27,420)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Park
Director
Approved by the board on 3 October 2024
Waterloo Assets Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2023 600,286
At 29 February 2024 600,286
Depreciation
At 29 February 2024 -
Net book value
At 29 February 2024 600,286
At 28 February 2023 600,286
4 Debtors 2024 2023
£ £
Other debtors 63,841 42,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 267,717 247,182
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 430,843 430,843
7 Other information
Waterloo Assets Ltd is a private company limited by shares and incorporated in England. Its registered office is:
144 West Barnes Lane
New Malden
Surrey
KT3 6LR
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