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REGISTERED NUMBER: 07032683 (England and Wales)














Financial Statements for the Year Ended 30 October 2023

for

Waterside Commercial Limited

Waterside Commercial Limited (Registered number: 07032683)






Contents of the Financial Statements
for the Year Ended 30 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Waterside Commercial Limited

Company Information
for the Year Ended 30 October 2023







DIRECTORS: Mr S Goldstone
Mr S Brody
Mr S Sheridan
Mrs K Brody
Mrs G Goldstone
Mrs K Sheridan





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 07032683 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Waterside Commercial Limited (Registered number: 07032683)

Statement of Financial Position
30 October 2023

30.10.23 30.10.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,043 -
Investment property 5 843,103 843,103
844,146 843,103

CURRENT ASSETS
Debtors 6 345,334 460,175
Cash at bank 26,103 15,272
371,437 475,447
CREDITORS
Amounts falling due within one year 7 411,663 528,349
NET CURRENT LIABILITIES (40,226 ) (52,902 )
TOTAL ASSETS LESS CURRENT LIABILITIES 803,920 790,201

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 803,800 790,081
SHAREHOLDERS' FUNDS 803,920 790,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Waterside Commercial Limited (Registered number: 07032683)

Statement of Financial Position - continued
30 October 2023


The 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, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





Mr S Goldstone - Director


Waterside Commercial Limited (Registered number: 07032683)

Notes to the Financial Statements
for the Year Ended 30 October 2023

1. STATUTORY INFORMATION

Waterside Commercial Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
Additions 1,391
At 30 October 2023 1,391
DEPRECIATION
Charge for year 348
At 30 October 2023 348
NET BOOK VALUE
At 30 October 2023 1,043

Waterside Commercial Limited (Registered number: 07032683)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 October 2022
and 30 October 2023 843,103
NET BOOK VALUE
At 30 October 2023 843,103
At 30 October 2022 843,103

Fair value at 30 October 2023 is represented by:
£   
Cost 843,103

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
Trade debtors 54,678 37,960
Amounts owed by associates 290,656 422,215
345,334 460,175

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
Trade creditors 9,056 10,686
Amounts owed to associates 355,078 475,908
Taxation and social security 21,770 18,304
Other creditors 25,759 23,451
411,663 528,349

8. RELATED PARTY DISCLOSURES

The Directors, Mr S Brody, Mr S Goldstone, Mr S Sheridan, Mrs K Brody, Mrs G Goldstone and Mrs K Sheridan, are considered to be the key management personnel.