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REGISTERED NUMBER: 08449334 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Waters Property Ltd

Waters Property Ltd (Registered number: 08449334)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Waters Property Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs O A Waters
M D Waters





REGISTERED OFFICE: 182 Worcester Road
Bromsgrove
Worcestershire
B61 7AZ





REGISTERED NUMBER: 08449334 (England and Wales)





ACCOUNTANTS: Attwoods
Chartered Certified Accountants
182 Worcester Road
Bromsgrove
Worcestershire
B61 7AZ

Waters Property Ltd (Registered number: 08449334)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 820 1,093
Investment property 5 1,720,000 1,720,000
1,720,820 1,721,093

CURRENT ASSETS
Debtors 6 466 387
Cash at bank 2,349 5,993
2,815 6,380
CREDITORS
Amounts falling due within one year 7 36,042 36,907
NET CURRENT LIABILITIES (33,227 ) (30,527 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,687,593

1,690,566

CREDITORS
Amounts falling due after more than one year 8 (1,100,153 ) (1,092,417 )

PROVISIONS FOR LIABILITIES (144,058 ) (143,853 )
NET ASSETS 443,382 454,296

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 10 431,558 431,558
Retained earnings 11,822 22,736
SHAREHOLDERS' FUNDS 443,382 454,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Waters Property Ltd (Registered number: 08449334)

Balance Sheet - continued
31 March 2024


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 19 November 2024 and were signed on its behalf by:





Mrs O A Waters - Director


Waters Property Ltd (Registered number: 08449334)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Waters Property Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Waters Property Ltd (Registered number: 08449334)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 1,665
DEPRECIATION
At 1 April 2023 572
Charge for year 273
At 31 March 2024 845
NET BOOK VALUE
At 31 March 2024 820
At 31 March 2023 1,093

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,720,000
NET BOOK VALUE
At 31 March 2024 1,720,000
At 31 March 2023 1,720,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 347,753
Valuation in 2022 207,658
Valuation in 2023 20,000
Cost 1,144,589
1,720,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 466 387

Waters Property Ltd (Registered number: 08449334)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 31,226 27,257
Trade creditors 1,757 284
Taxation and social security - 6,276
Other creditors 3,059 3,090
36,042 36,907

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 266,839 312,923
Amounts owed to group undertakings 345,449 288,724
Other creditors 487,865 490,770
1,100,153 1,092,417

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,812 46,639

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 1,142 170
Between one and five years 190 -
1,332 170

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 431,558

11. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £345,449 (2023 - £288,724) owing to Smiles Childcare Ltd, a company of
which Mr & Mrs Waters are directors. This amount is unsecured, interest free and has no fixed date for repayment.