Registered number: 04513745 | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
Prepared By: | ||||||||
ADI & CO ACCOUNTANTS LTD | ||||||||
CHARTERED CERTIFIED ACCOUNTANTS | ||||||||
THE ATRIUM | ||||||||
1 HAREFIELD ROAD | ||||||||
UXBRIDGE | ||||||||
UB8 1EX |
WATERFALL HOUSE LTD | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
London | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 04513745 | ||||||||
ACCOUNTANTS | ||||||||
ADI & CO ACCOUNTANTS LTD | ||||||||
CHARTERED CERTIFIED ACCOUNTANTS | ||||||||
THE ATRIUM | ||||||||
1 HAREFIELD ROAD | ||||||||
UXBRIDGE | ||||||||
UB8 1EX |
WATERFALL HOUSE LTD | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/03/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
WATERFALL HOUSE LTD | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
557,821 | 1,282,218 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 766,916 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | - | 104,883 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 3,097,461 | 3,397,685 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
WATERFALL HOUSE LTD | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Land And Buildings | reducing balance 2% | |||||||
Fixtures and Fittings | reducing balance 20% | |||||||
Equipment | reducing balance 20% | |||||||
Motor Cars | reducing balance 20% |
1c. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 31 | |||||
3. TANGIBLE FIXED ASSETS | ||||||||
Land And | Fixtures | |||||||
Buildings | and Fittings | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/04/2023 | 1,930,233 | 290,124 | 216,884 | 2,437,241 | ||||
Additions | - | 2,494 | - | 2,494 | ||||
At 31/03/2024 | 1,930,233 | 292,618 | 216,884 | 2,439,735 | ||||
Depreciation | ||||||||
At 01/04/2023 | - | 242,721 | 182,165 | 424,886 | ||||
For the year | 38,605 | 9,979 | 6,944 | 55,528 | ||||
At 31/03/2024 | 38,605 | 252,700 | 189,109 | 480,414 | ||||
Net Book Amounts | ||||||||
At 31/03/2024 | 1,959,321 | |||||||
At 31/03/2023 | 2,012,355 | |||||||
WATERFALL HOUSE LTD | ||||||||
4. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 01/04/2023 | 723,397 | 723,397 | ||
At 31/03/2024 | 723,397 | 723,397 | ||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Other Debtors | 2,469 | - | ||||||
2,469 | - | |||||||
Amounts falling due over more than one year | ||||||||
Amount due from related party | 264,127 | 264,127 | ||||||
264,127 | 264,127 | |||||||
Amount due from related party represents an interest free loan given to Waterfall RKD Ltd . The company is a related party due to common shareholding. | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 1,322 | 113,355 | ||||||
PAYE - Waterfall house | 3,028 | 5,878 | ||||||
PAYE - Amberley house | 5,224 | 11,091 | ||||||
Directors current account | - | 72,791 | ||||||
Bank loans and overdrafts | 29,672 | 18,747 | ||||||
Bank Loan Due < 1 Year | 92,119 | 281,923 | ||||||
Wages payable | 7,951 | 8,104 | ||||||
Credit card | 180 | - | ||||||
Pension schemes | 1,413 | 1,286 | ||||||
Accruals & deferred income | 2,069 | 2,127 | ||||||
142,978 | 515,302 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Amberley house loan | - | 59,895 | ||||||
Seaforth loan | - | 44,988 | ||||||
- | 104,883 | |||||||
WATERFALL HOUSE LTD | ||||||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||