Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activity11falsetruefalse 12458563 2023-04-01 2024-03-31 12458563 2022-04-01 2023-03-31 12458563 2024-03-31 12458563 2023-03-31 12458563 2022-04-01 12458563 c:Director1 2023-04-01 2024-03-31 12458563 d:FreeholdInvestmentProperty 2024-03-31 12458563 d:FreeholdInvestmentProperty 2023-03-31 12458563 d:CurrentFinancialInstruments 2024-03-31 12458563 d:CurrentFinancialInstruments 2023-03-31 12458563 d:Non-currentFinancialInstruments 2024-03-31 12458563 d:Non-currentFinancialInstruments 2023-03-31 12458563 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12458563 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12458563 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12458563 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12458563 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 12458563 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 12458563 d:ShareCapital 2024-03-31 12458563 d:ShareCapital 2023-03-31 12458563 d:OtherMiscellaneousReserve 2024-03-31 12458563 d:OtherMiscellaneousReserve 2023-03-31 12458563 d:RetainedEarningsAccumulatedLosses 2024-03-31 12458563 d:RetainedEarningsAccumulatedLosses 2023-03-31 12458563 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 12458563 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 12458563 c:OrdinaryShareClass1 2023-04-01 2024-03-31 12458563 c:OrdinaryShareClass1 2024-03-31 12458563 c:FRS102 2023-04-01 2024-03-31 12458563 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12458563 c:FullAccounts 2023-04-01 2024-03-31 12458563 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12458563 2 2023-04-01 2024-03-31 12458563 e:PoundSterling 2023-04-01 2024-03-31 12458563 d:EntityControlledByKeyManagementPersonnel1 2023-04-01 2024-03-31 12458563 d:EntityControlledByKeyManagementPersonnel1 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12458563









E J WATERHOUSE INVESTMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
E J WATERHOUSE INVESTMENTS LTD
REGISTERED NUMBER: 12458563

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024


2024

2023
£
£
£
£

Fixed assets
  

Investment property
 4 
7,821,005
7,821,005

Current assets
  

Cash at bank and in hand
 5 
189,245
60,718

Creditors: amounts falling due within one year
 6 
(4,888,825)
(4,944,478)

Net current liabilities
  
 
 
(4,699,580)
 
 
(4,883,760)

Total assets less current liabilities
  
3,121,425
2,937,245

Creditors: amounts falling due after more than one year
 7 
(2,207,049)
(2,207,049)

Provisions for liabilities
  

Deferred tax
 9 
(112,500)
(112,500)

Net assets
  
801,876
617,696


Capital and reserves
  

Called up share capital 
 10 
100
100

Revaluation reserves
  
337,500
337,500

Profit and loss account
  
464,276
280,096

  
801,876
617,696

Page 1

 
E J WATERHOUSE INVESTMENTS LTD
REGISTERED NUMBER: 12458563
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers 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 director acknowledges his 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 comprehensive income 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 on 2 October 2024.




R J Waterhouse
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
E J WATERHOUSE INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

E J Waterhouse Investments Ltd is a company limited by shares, incorporated in England and Wales. The address of the registered office is 2 The Pines, North Road, Berkhamsted, HP4 3DX.
The company specialises in the letting and operating of own or leased real estate.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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:

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

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

Page 3

 
E J WATERHOUSE INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.8

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.

 
2.9

Creditors

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
E J WATERHOUSE INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Freehold Investment property

£



Valuation


At 1 April 2023
7,821,005



At 31 March 2024
7,821,005

The 2024 valuations were made by director, on an open market value for existing use basis.







5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
189,245
60,718

189,245
60,718



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
1,305,760
1,404,796

Corporation tax
60,940
16,225

Other creditors
3,520,000
3,521,417

Accruals and deferred income
2,125
2,040

4,888,825
4,944,478


Page 5

 
E J WATERHOUSE INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,207,049
2,207,049

2,207,049
2,207,049


The bank loans are secured by a fixed and floating charge over the assets of the group.


8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
2,207,049
2,207,049

2,207,049
2,207,049



9.


Deferred taxation




2024
2023


£

£






At beginning of year
112,500
112,500



At end of year
112,500
112,500

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Revaluation of property
112,500
112,500

112,500
112,500

Page 6

 
E J WATERHOUSE INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



11.


Related party transactions

The company has taken advantage of the exemption conferred by FRS 102 and has not disclosed transactions between wholly owned group members.
 
Included within other creditors is an amount due to CLCH 1 Limited, a company with a common director, of £3,520,000 (2023 - £3,520,000).


12.


Ultimate parent undertaking and controlling party

The immediate and ultimate parent undertaking is Waterhouse Property Holdings Limited, a company incorporated in England and Wales.
The ultimate controlling party is the director, by virtue of his majority shareholding in the parent undertaking.

 
Page 7