Company registration number 08850787 (England and Wales)
Drinkwater Investments Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 July 2024
PAGES FOR FILING WITH REGISTRAR
Drinkwater Investments Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Drinkwater Investments Ltd
Statement of financial position
as at 31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
4
1,184,913
1,184,913
Current assets
Debtors
5,120
5,120
Cash at bank and in hand
18,570
26,039
23,690
31,159
Creditors: amounts falling due within one year
(37,686)
(62,139)
Net current liabilities
(13,996)
(30,980)
Total assets less current liabilities
1,170,917
1,153,933
Creditors: amounts falling due after more than one year
(504,025)
(504,025)
Net assets
666,892
649,908
Capital and reserves
Called up share capital
500
500
Profit and loss reserves
666,392
649,408
Total equity
666,892
649,908
Drinkwater Investments Ltd
Statement of financial position (continued)
as at 31 July 2024
- 2 -

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 2 October 2024
B J Drinkwater
Director
Company registration number 08850787 (England and Wales)
Drinkwater Investments Ltd
Notes to the financial statements
for the year ended 31 July 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration receivable for services provided in the normal course of business.

 

All income and fees are recognised on a receivable basis.

Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
4,413
34,876
Adjustments in respect of prior periods
(26)
-
0
Total current tax
4,387
34,876
Drinkwater Investments Ltd
Notes to the financial statements (continued)
for the year ended 31 July 2024
- 4 -
4
Investment property
2024
£
Fair value
At 1 August 2023 and 31 July 2024
1,184,913
5
Company information

Drinkwater Investments Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Beech House, Main Street, Little Ouseburn, York, North Yorkshire, YO26 9TD.

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