Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312022-10-01false11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10204373 2022-10-01 2024-03-31 10204373 2021-10-01 2022-09-30 10204373 2024-03-31 10204373 2022-09-30 10204373 c:Director1 2022-10-01 2024-03-31 10204373 d:Buildings d:LongLeaseholdAssets 2022-10-01 2024-03-31 10204373 d:Buildings d:LongLeaseholdAssets 2024-03-31 10204373 d:Buildings d:LongLeaseholdAssets 2022-09-30 10204373 d:CurrentFinancialInstruments 2024-03-31 10204373 d:CurrentFinancialInstruments 2022-09-30 10204373 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10204373 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 10204373 d:ShareCapital 2024-03-31 10204373 d:ShareCapital 2022-09-30 10204373 d:RetainedEarningsAccumulatedLosses 2024-03-31 10204373 d:RetainedEarningsAccumulatedLosses 2022-09-30 10204373 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 10204373 d:AcceleratedTaxDepreciationDeferredTax 2022-09-30 10204373 c:OrdinaryShareClass1 2022-10-01 2024-03-31 10204373 c:OrdinaryShareClass1 2024-03-31 10204373 c:OrdinaryShareClass1 2022-09-30 10204373 c:FRS102 2022-10-01 2024-03-31 10204373 c:AuditExempt-NoAccountantsReport 2022-10-01 2024-03-31 10204373 c:FullAccounts 2022-10-01 2024-03-31 10204373 c:PrivateLimitedCompanyLtd 2022-10-01 2024-03-31 10204373 6 2022-10-01 2024-03-31 10204373 e:PoundSterling 2022-10-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10204373












THE WATERWAY RESTAURANT LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2024

 
THE WATERWAY RESTAURANT LIMITED
REGISTERED NUMBER:10204373

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
30 September
2024
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
97,563
-

Investments
 5 
1
-

  
97,564
-

Current assets
  

Debtors: amounts falling due within one year
 6 
106,107
100

Cash at bank
 7 
307
-

  
106,414
100

Creditors: amounts falling due within one year
 8 
(208,815)
-

Net current (liabilities)/assets
  
 
 
(102,401)
 
 
100

Total assets less current liabilities
  
(4,837)
100

  

Net (liabilities)/assets
  
(4,837)
100


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
(4,937)
-

  
(4,837)
100


Page 1

 
THE WATERWAY RESTAURANT LIMITED
REGISTERED NUMBER:10204373
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M H Tillman
Director

Date: 28 February 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THE WATERWAY RESTAURANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

The Waterway Restaurant Limited is a private company, limited by shares, registered in England and Wales, registration number 10204373. The registered office address is 18 Bristol Gardens, London, W9 2JQ.
The company has extended its accounting period from 30 September 2023 to 31 March 2024.
The company was commenced trading on 1 August 2023.
 
The principal activity of the company continued to be that of the running of restaurants.
 
2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small - sized group. The company has therefore taken advantage of the exemption provided by section 399 of the Companies Act 2006 not to prepare group accounts.

 
2.2

Going concern

The financial statements have been prepared on the going concern basis as the director has confirmed he will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. On this basis, the director is satisfied that the financial statements should be prepared on a going concern basis.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover from rental income is recognised at the rental due date.

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
THE WATERWAY RESTAURANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
over the term of the lease

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 4

 
THE WATERWAY RESTAURANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors.


3.


Employees

The average monthly number of employees, including a director, during the period was 1 (2022 - 1).


4.


Tangible fixed assets







Long-term leasehold property

£



Cost


Additions
100,236



At 31 March 2024

100,236



Depreciation


Charge for the period
2,673



At 31 March 2024

2,673



Net book value



At 31 March 2024
97,563



At 30 September 2022
-

Page 5

 
THE WATERWAY RESTAURANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Fixed asset investments








Investments in subsidiary companies

£



Cost


Additions
1



At 31 March 2024
1





6.


Debtors

31 March
30 September
2024
2022
£
£


Amounts owed by connected entities
100
100

Other debtors
75,000
-

Prepayments
30,339
-

Deferred taxation
668
-

106,107
100



7.


Cash

31 March
30 September
2024
2022
£
£

Cash at bank
307
-



8.


Creditors: amounts falling due within one year

31 March
30 September
2024
2022
£
£

Trade creditors
31,345
-

Amounts owed to connected entities
84,266
-

Other creditors
66,204
-

Accruals
27,000
-

208,815
-


Page 6

 
THE WATERWAY RESTAURANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

9.


Deferred taxation






2024


£






Charged to profit or loss
(668)



At end of year
(668)

The deferred tax asset is made up as follows:

31 March
30 September
2024
2022
£
£


Fixed asset timing differences
(668)
-


10.


Share capital

31 March
30 September
2024
2022
£
£
Allotted, called up and partly paid



100 (2022 - 100) ordinary shares of £1.0 each
100
100



11.


Commitments under operating leases

At 31 March 2024, the company had future minimum lease payments under non-cancellable operating leases of £3,750,411 (2022 - £NIL).



12.


Related party transactions

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35, as the company is itself a wholly owned subsidiary of FRG Holdings Ltd.


13.


Controlling party

The company is owned by FRG Holdings Ltd and is ultimately controlled by M H Tillman, a director and a majority shareholder of the parent company.

 
Page 7