IRIS Accounts Production v24.3.2.46 08032515 Board of Directors 1.5.23 30.4.24 30.4.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080325152023-04-30080325152024-04-30080325152023-05-012024-04-30080325152022-04-30080325152022-05-012023-04-30080325152023-04-3008032515ns15:EnglandWales2023-05-012024-04-3008032515ns14:PoundSterling2023-05-012024-04-3008032515ns10:Director12023-05-012024-04-3008032515ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008032515ns10:SmallEntities2023-05-012024-04-3008032515ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3008032515ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008032515ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008032515ns10:FullAccounts2023-05-012024-04-3008032515ns10:Director22023-05-012024-04-3008032515ns10:Director32023-05-012024-04-3008032515ns10:Director42023-05-012024-04-3008032515ns10:RegisteredOffice2023-05-012024-04-3008032515ns5:CurrentFinancialInstruments2024-04-3008032515ns5:CurrentFinancialInstruments2023-04-3008032515ns5:Non-currentFinancialInstruments2024-04-3008032515ns5:Non-currentFinancialInstruments2023-04-3008032515ns5:ShareCapital2024-04-3008032515ns5:ShareCapital2023-04-3008032515ns5:RetainedEarningsAccumulatedLosses2024-04-3008032515ns5:RetainedEarningsAccumulatedLosses2023-04-3008032515ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3008032515ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3008032515ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-04-3008032515ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-04-3008032515ns5:Secured2024-04-3008032515ns5:Secured2023-04-30
REGISTERED NUMBER: 08032515 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

WATERSIDE 21 LIMITED

WATERSIDE 21 LIMITED (REGISTERED NUMBER: 08032515)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WATERSIDE 21 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mr JB Barrett
Mr MD Swan
Mr DP De Laszlo
Mr HS Mighell





REGISTERED OFFICE: Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH





REGISTERED NUMBER: 08032515 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

WATERSIDE 21 LIMITED (REGISTERED NUMBER: 08032515)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 8,193,761 28,471
Debtors 4 10,141,252 12,589,496
Cash at bank 96,449 10
18,431,462 12,617,977
CREDITORS
Amounts falling due within one year 5 1,774,033 79,329
NET CURRENT ASSETS 16,657,429 12,538,648
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,657,429

12,538,648

CREDITORS
Amounts falling due after more than one
year

6

16,649,093

12,517,824
NET ASSETS 8,336 20,824

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8,334 20,822
SHAREHOLDERS' FUNDS 8,336 20,824

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

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

WATERSIDE 21 LIMITED (REGISTERED NUMBER: 08032515)

BALANCE SHEET - continued
30TH APRIL 2024



The financial statements were approved by the Board of Directors and authorised for issue on 29th January 2025 and were signed on its behalf by:





Mr JB Barrett - Director


WATERSIDE 21 LIMITED (REGISTERED NUMBER: 08032515)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Waterside 21 Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historic cost basis.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors, and bank loans. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

3. EMPLOYEES AND DIRECTORS

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

WATERSIDE 21 LIMITED (REGISTERED NUMBER: 08032515)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 19,126 19,126
Other debtors 10,119,410 12,569,324
VAT 2,716 409
Prepayments and accrued income - 637
10,141,252 12,589,496

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 759,366 21,229
Other creditors 1,013,167 56,600
Accruals and deferred income 1,500 1,500
1,774,033 79,329

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans more 5yrs non-inst 16,649,093 12,517,824

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 16,649,093 12,517,824

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 16,649,093 12,517,824

Other loans are secured against the assets of the company.

8. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.