Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truetrue2023-04-28false2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14833428 2023-04-27 14833428 2023-04-28 2024-03-31 14833428 2022-04-01 2023-04-27 14833428 2024-03-31 14833428 c:Director1 2023-04-28 2024-03-31 14833428 d:CurrentFinancialInstruments 2024-03-31 14833428 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14833428 d:ShareCapital 2024-03-31 14833428 d:RetainedEarningsAccumulatedLosses 2024-03-31 14833428 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 14833428 c:FRS102 2023-04-28 2024-03-31 14833428 c:AuditExempt-NoAccountantsReport 2023-04-28 2024-03-31 14833428 c:FullAccounts 2023-04-28 2024-03-31 14833428 c:PrivateLimitedCompanyLtd 2023-04-28 2024-03-31 14833428 e:PoundSterling 2023-04-28 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 14833428














THE WATERWAY (OC) LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2024

 
THE WATERWAY (OC) LIMITED
REGISTERED NUMBER:14833428

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
556

Cash at bank
 5 
3,530

  
4,086

Creditors: amounts falling due within one year
 6 
(7,646)

Net current liabilities
  
 
 
(3,560)

Total assets less current liabilities
  
(3,560)

  

Net liabilities
  
(3,560)


Capital and reserves
  

Called up share capital 
 7
1

Profit and loss account
  
(3,561)

  
(3,560)


Page 1

 
THE WATERWAY (OC) LIMITED
REGISTERED NUMBER:14833428
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider 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 directors acknowledge their 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 6 form part of these financial statements.

Page 2

 
THE WATERWAY (OC) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

The Waterway (OC) Limited is a private company, limited by shares, registered in England and Wales, registration number 14833428. The registered office address is 18 Bristol Gardens, London, W9 2JQ.
 
The principal activity of the company is that of owning and running of a restaurant.
 
The company was incorporated on 28 April 2023 and commenced trading on 1 May 2024.
The company's name is changed from Oak & Poppy (Two) Limited to The Waterway (OC) Limited.
The accounting reference date of the company is shortened from 30 April 2024 to 31 March 2024.

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 Companies Act 2006.

  
2.2

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

 
2.3

Going concern

The financial statements have been prepared on the going concern basis as the directors have confirmed that the parent company has committed to 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 directors are satisfied that the financial statements should be prepared on a going concern basis

 
2.4

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.


Page 3

 
THE WATERWAY (OC) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Debtors

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

 
2.6

Cash

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

 
2.7

 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.

 
2.8

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 and loans with related parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Debtors

2024
£


Other debtors
56

Deferred taxation
500

556



5.


Cash

2024
£

Cash at bank
3,530


Page 4

 
THE WATERWAY (OC) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Creditors: amounts falling due within one year

2024
£

Trade creditors
3,179

Amounts owed to connected entity
2,467

Accruals
2,000

7,646



7.


Share capital

2024
£

Allotted, called up and fully paid


1 ordinary share of £1.00
1

On incorporation, the company issued 1 ordinary share at a nominal value of £1.


8.


Deferred taxation



2024


£






Charged to profit or loss
(500)



At end of year
(500)

The deferred tax asset is made up as follows:

2024
£


Short term timing differences
(500)


9.


Transactions with directors

As at the year end, a director owed £1 to the company. The loan is interest free, unsecured and repayable on demand.


10.


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 The Waterway Restaurant Limited.

Page 5

 
THE WATERWAY (OC) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

11.


Controlling party

The company is owned by The Waterway Restaurant Limited and is ultimately controlled by M H Tillman, a director and a majority shareholder of the parent company

 
Page 6