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REGISTERED NUMBER: 13501216 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

WATERMOOR POINT LTD

WATERMOOR POINT LTD (REGISTERED NUMBER: 13501216)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WATERMOOR POINT LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: I Woodward-Court
P R Joy





REGISTERED OFFICE: Watermoor Point
Watermoor Road
Cirencester
United Kingdom
GL7 1LF





REGISTERED NUMBER: 13501216 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

WATERMOOR POINT LTD (REGISTERED NUMBER: 13501216)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 252,499 372,267

CURRENT ASSETS
Debtors 5 502,049 261,508
Cash at bank 98,862 57,086
600,911 318,594
CREDITORS
Amounts falling due within one year 6 2,258,839 1,416,472
NET CURRENT LIABILITIES (1,657,928 ) (1,097,878 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,405,429

)

(725,611

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,405,430 ) (725,612 )
SHAREHOLDERS' FUNDS (1,405,429 ) (725,611 )

WATERMOOR POINT LTD (REGISTERED NUMBER: 13501216)

Balance Sheet - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





I Woodward-Court - Director


WATERMOOR POINT LTD (REGISTERED NUMBER: 13501216)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Watermoor Point 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.

The directors have considered the going concern of the company and have prepared the financial statements on a going concern basis based on the continuing support of the fellow group companies, which the directors have an interest in. The directors have confirmed that it will continue to provide this support for at least 12 months from the date of approval of these financial statements.

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 - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


WATERMOOR POINT LTD (REGISTERED NUMBER: 13501216)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 34,353 314,407 39,995 19,827 408,582
Additions 15,479 61,581 - 2,862 79,922
Disposals - (168,254 ) - - (168,254 )
At 30 April 2024 49,832 207,734 39,995 22,689 320,250
DEPRECIATION
At 1 May 2023 306 27,209 1,666 7,134 36,315
Charge for year 1,394 33,201 9,999 6,564 51,158
Eliminated on disposal - (19,722 ) - - (19,722 )
At 30 April 2024 1,700 40,688 11,665 13,698 67,751
NET BOOK VALUE
At 30 April 2024 48,132 167,046 28,330 8,991 252,499
At 30 April 2023 34,047 287,198 38,329 12,693 372,267

WATERMOOR POINT LTD (REGISTERED NUMBER: 13501216)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 169,089 40,862
Other debtors 332,960 220,646
502,049 261,508

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 260,908 337,308
Amounts owed to group undertakings 1,903,688 1,008,473
Taxation and social security 3,445 3,846
Other creditors 90,798 66,845
2,258,839 1,416,472