WATERSIDE PROPERTY SERVICES LTD

Company Registration Number:
03672869 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

WATERSIDE PROPERTY SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

WATERSIDE PROPERTY SERVICES LTD

Company Information

for the Period Ended 31 December 2024




Director: Steven Peck
Secretary: Angela Peck
Registered office: 18 Haddonsacre Business Centre
Station Road
Offenham
Worcestershire
England
WR11 8JJ
Company Registration Number: 03672869 (England and Wales)

WATERSIDE PROPERTY SERVICES LTD

Directors' Report Period Ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal Activities

The Principal Activity of the company continued to be that of property investment and management

Directors

The directors shown below have held office during the whole of the period from 01 January 2024 to 31 December 2024
Steven Peck

Secretary
Angela Peck

This report was approved by the board of directors on 19 February 2025
And Signed On Behalf Of The Board By:

Name: Steven Peck
Status: Director

WATERSIDE PROPERTY SERVICES LTD

Profit and Loss Account

for the Period Ended 31 December 2024


Notes

2024
£

2023
£
Turnover 560,324 478,765
Cost of sales ( 275,000 ) ( 270,000 )
Gross Profit or (Loss) 285,324 208,765
Administrative Expenses ( 50,752 ) ( 33,657 )
Operating Profit or (Loss) 234,572 175,108
Interest Receivable and Similar Income 773 189
Interest Payable and Similar Charges ( 119,947 ) ( 103,733 )
Profit or (Loss) Before Tax 115,398 71,564
Tax on Profit ( 146 ) ( 35 )
Profit or (Loss) for Period 115,252 71,529

The notes form part of these financial statements

WATERSIDE PROPERTY SERVICES LTD

Balance sheet

As at 31 December 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 1,438,079 1,667,692
Total fixed assets: 1,438,079 1,667,692
Current assets
Debtors: 5 215,228 100,000
Cash at bank and in hand: 28,278 62,459
Total current assets: 243,506 162,459
Creditors: amounts falling due within one year: 6 ( 95,533 ) ( 142,692 )
Net current assets (liabilities): 147,973 19,767
Total assets less current liabilities: 1,586,052 1,687,459
Creditors: amounts falling due after more than one year: 7 ( 1,098,708 ) ( 1,340,367 )
Total net assets (liabilities): 487,344 347,092

The notes form part of these financial statements

WATERSIDE PROPERTY SERVICES LTD

Balance sheet continued

As at 31 December 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1,800,000 1,800,000
Revaluation reserve: 8 278,975 253,975
Profit and loss account: ( 1,591,631 ) ( 1,706,883 )
Shareholders funds: 487,344 347,092

For the year ending 31 December 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.

This report was approved by the board of directors on 19 February 2025
And Signed On Behalf Of The Board By:

Name: Steven Peck
Status: Director

The notes form part of these financial statements

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 3. Off balance sheet disclosure

    No

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible assets

Land & buildings Fixtures & fittings Total
Cost £ £ £
At 01 January 2024 1,640,000 113,016 1,753,016
Additions - 36,413 36,413
Disposals ( 275,000 ) - ( 275,000 )
Revaluations 25,000 - 25,000
Transfers - - -
At 31 December 2024 1,390,000 149,429 1,539,429
Depreciation
At 01 January 2024 - 85,324 85,324
Charge for year - 16,026 16,026
On disposals - - -
Other adjustments - - -
At 31 December 2024 - 101,350 101,350
Net book value
At 31 December 2024 1,390,000 48,079 1,438,079
At 31 December 2023 1,640,000 27,692 1,667,692

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors


2024
£

2023
£
Other debtors 215,228 100,000
Total 215,228 100,000

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 91,033 138,192
Other creditors 4,500 4,500
Total 95,533 142,692

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 1,092,308 1,333,967
Other creditors 6,400 6,400
Total 1,098,708 1,340,367

WATERSIDE PROPERTY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

8. Revaluation reserve


2024
£
Balance at 01 January 2024 253,975
Surplus or deficit after revaluation 25,000
Balance at 31 December 2024 278,975