Registered number
01632475
Waters Edge Investments Limited
Filleted Accounts
31 March 2024
Waters Edge Investments Limited
Registered number: 01632475
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 14,425 14,433
Current assets
Debtors 4 11,831 9,551
Cash at bank and in hand 78,626 70,883
90,457 80,434
Creditors: amounts falling due within one year 5 (7,128) (5,652)
Net current assets 83,329 74,782
Net assets 97,754 89,215
Capital and reserves
Called up share capital 15,000 15,000
Share premium 6,500 6,500
Shareholders fund 5,926 6,580
Sinking fund reserve 50,220 33,480
Service charge reserves 20,108 27,655
Shareholders' funds 97,754 89,215
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr E Lee
Director
Approved by the board on 24 November 2024
Waters Edge Investments Limited
Notes to the Accounts
for the year ended 31 March 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Freehold land and buildings are depreciated to write down the cost less estimated residual value not less than their cost of valuation, no depreciation is charged as it is not material.
Plant and machinery 20% reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 14,393 10,352 24,745
At 31 March 2024 14,393 10,352 24,745
Depreciation
At 1 April 2023 - 10,312 10,312
Charge for the year - 8 8
At 31 March 2024 - 10,320 10,320
Net book value
At 31 March 2024 14,393 32 14,425
At 31 March 2023 14,393 40 14,433
4 Debtors 2024 2023
£ £
Service charges due 4,231 4,238
Prepayments and sundry debtors 7,600 5,313
11,831 9,551
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 524 1,213
Taxation and social security costs - 1,520
Other creditors and accruals 6,604 2,919
7,128 5,652
6 Other information
Waters Edge Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cumberland House
24-28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Waters Edge Investments Limited 01632475 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2022 Mr E Lee No description of principal activity 01632475 2022-04-01 2023-03-31 01632475 core:WithinOneYear 2023-03-31 01632475 core:ShareCapital 2023-03-31 01632475 core:SharePremium 2023-03-31 01632475 core:RetainedEarningsAccumulatedLosses 2023-03-31 01632475 2023-04-01 2024-03-31 01632475 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01632475 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01632475 bus:Director40 2023-04-01 2024-03-31 01632475 core:LandBuildings 2023-04-01 2024-03-31 01632475 core:PlantMachinery 2023-04-01 2024-03-31 01632475 countries:England 2023-04-01 2024-03-31 01632475 bus:FRS102 2023-04-01 2024-03-31 01632475 bus:FullAccounts 2023-04-01 2024-03-31 01632475 2024-03-31 01632475 core:WithinOneYear 2024-03-31 01632475 core:ShareCapital 2024-03-31 01632475 core:SharePremium 2024-03-31 01632475 core:RetainedEarningsAccumulatedLosses 2024-03-31 01632475 core:LandBuildings 2024-03-31 01632475 core:PlantMachinery 2024-03-31 01632475 2023-03-31 01632475 core:LandBuildings 2023-03-31 01632475 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure