COUNTY WATER LIMITED

Company Registration Number:
09873279 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

COUNTY WATER LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

COUNTY WATER 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

Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Paul Anthony Silver
Gavin Angell
William Lilly


The director shown below has held office during the period of
1 January 2023 to 31 March 2023

Suzanne Allcock


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
18 July 2024

And signed on behalf of the board by:
Name: Paul Anthony Silver
Status: Director

COUNTY WATER LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 413,481 180,774
Cost of sales: ( 308,199 ) ( 185,845 )
Gross profit(or loss): 105,282 (5,071)
Administrative expenses: ( 217,059 ) ( 11,452 )
Other operating income: 111,911 16,550
Operating profit(or loss): 134 27
Profit(or loss) before tax: 134 27
Profit(or loss) for the financial year: 134 27

COUNTY WATER LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Total fixed assets: 0 0
Current assets
Debtors: 3 328,296 290,354
Cash at bank and in hand: 20,439 39,285
Total current assets: 348,735 329,639
Creditors: amounts falling due within one year: 4 ( 442,562 ) ( 423,600 )
Net current assets (liabilities): (93,827) (93,961)
Total assets less current liabilities: (93,827) ( 93,961)
Total net assets (liabilities): (93,827) (93,961)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (93,828 ) (93,962 )
Total Shareholders' funds: ( 93,827 ) (93,961)

The notes form part of these financial statements

COUNTY WATER LIMITED

Balance sheet statements

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 18 July 2024
and signed on behalf of the board by:

Name: Paul Anthony Silver
Status: Director

The notes form part of these financial statements

COUNTY WATER 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

    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.

    Other accounting policies

    2.2 Going concern The directors have a reasonable expectation that the company has adequate resources to continue in operational business for the foreseeable future. Accordingly, they have adopted the going concern basis in preparing the annual report and accounts. The balances due to Dorchester Living Limited and Heyford Park Estates Limited will not be called until at least one year from the date of these accounts. 2.4 Debtors Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. 2.5 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 2.6 Financial instruments The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. 2.7 Creditors Short term 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. 2.8 Dividend Policy As soon as reasonably practicable after the end of each Financial Year, the Board shall determine the available distributable profits of the Company for that period. The Board shall, in making that determination, take into account the reasonable financial requirements of the Company for the following twelve months. 2.8 Directors’ Remuneration and standards of performance Directors received remuneration of £17,937 (2022: £14,294) during the year. There is no performance-related pay as the board does not consider this to be appropriate for the Company’s size at this time. Non-executive director remuneration is based on a service agreement.

COUNTY WATER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

COUNTY WATER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

2023 2022
£ £
Trade debtors 227,047 43,329
Prepayments and accrued income 80,606 240,312
Other debtors 20,643 6,713
Total 328,296 290,354

COUNTY WATER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 8,122 5,199
Accruals and deferred income 247,973 32,486
Other creditors 186,467 385,915
Total 442,562 423,600