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Registered number: 04513745

WATERFALL HOUSE LTD

ACCOUNTS
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
MR H B DHUNNOO
MRS M B DHUNNOO
REGISTERED OFFICE
33 Brookdale
New Southgate
London
N11 1BP
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 Sheet3
Notes To The Accounts4
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 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets32,682,7182,735,752
CURRENT ASSETS
Debtors5266,596264,127
Cash at bank and in hand291,2251,018,091
557,8211,282,218
CREDITORS: Amounts falling due within one year6142,978515,302
NET CURRENT ASSETS414,843766,916
TOTAL ASSETS LESS CURRENT LIABILITIES3,097,5613,502,668
CREDITORS: Amounts falling due after more than one year7-104,883
NET ASSETS3,097,5613,397,785
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account3,097,4613,397,685
SHAREHOLDERS' FUNDS3,097,5613,397,785
For the year ending 31/03/2024 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27/12/2024 and signed on their behalf by
.............................
MR H B DHUNNOO
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsreducing balance 2%
Fixtures and Fittingsreducing balance 20%
Equipmentreducing balance 20%
Motor Carsreducing 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
20242023
No.No.
Average number of employees2731
3. TANGIBLE FIXED ASSETS
Land AndFixtures
Buildingsand FittingsEquipmentTotal
££££
Cost
At 01/04/20231,930,233290,124216,8842,437,241
Additions-2,494-2,494
At 31/03/20241,930,233292,618216,8842,439,735
Depreciation
At 01/04/2023-242,721182,165424,886
For the year38,6059,9796,94455,528
At 31/03/202438,605252,700189,109480,414
Net Book Amounts
At 31/03/20241,891,62839,91827,7751,959,321
At 31/03/20231,930,23347,40334,7192,012,355

WATERFALL HOUSE LTD

4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/04/2023723,397723,397
At 31/03/2024723,397723,397
5. DEBTORS 20242023
££
Amounts falling due within one year
Other Debtors2,469-
2,469-
Amounts falling due over more than one year
Amount due from related party264,127264,127
264,127264,127
266,596264,127
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
20242023
££
UK corporation tax1,322113,355
PAYE - Waterfall house3,0285,878
PAYE - Amberley house5,22411,091
Directors current account-72,791
Bank loans and overdrafts29,67218,747
Bank Loan Due < 1 Year92,119281,923
Wages payable7,9518,104
Credit card180-
Pension schemes1,4131,286
Accruals & deferred income2,0692,127
142,978515,302
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Amberley house loan-59,895
Seaforth loan -44,988
-104,883

WATERFALL HOUSE LTD

8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100