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REGISTERED NUMBER: 10010534 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 March 2024

for

Watermead Care Ltd

Watermead Care Ltd (Registered number: 10010534)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Watermead Care Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Zoe Marshall
Anne-Marie O'Reilly





REGISTERED OFFICE: Suite 135
1 Hanley Street
Nottingham
NG1 5BL





REGISTERED NUMBER: 10010534 (England and Wales)





ACCOUNTANTS: Virtual Finance Limited
Chartered Accountants, Tax and Business Advisors
Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS

Watermead Care Ltd (Registered number: 10010534)

Abridged Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 640,805 48,157

CURRENT ASSETS
Debtors 240,661 238,575
Cash at bank and in hand 149,588 111,522
390,249 350,097
CREDITORS
Amounts falling due within one year 323,973 93,665
NET CURRENT ASSETS 66,276 256,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

707,081

304,589

CREDITORS
Amounts falling due after more than one
year

311,261

-
NET ASSETS 395,820 304,589

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 395,720 304,489
SHAREHOLDERS' FUNDS 395,820 304,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Watermead Care Ltd (Registered number: 10010534)

Abridged Statement of Financial Position - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 March 2025 and were signed on its behalf by:





Zoe Marshall - Director


Watermead Care Ltd (Registered number: 10010534)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Watermead Care 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.

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.
Improvements to property - in accordance with the property
Plant and machinery - 20% on cost
Fixtures and fittings - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 25 (2023 - 24 ) .

Watermead Care Ltd (Registered number: 10010534)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 65,833
Additions 629,165
Disposals (35,298 )
At 31 March 2024 659,700
DEPRECIATION
At 1 April 2023 17,676
Charge for year 14,613
Eliminated on disposal (13,394 )
At 31 March 2024 18,895
NET BOOK VALUE
At 31 March 2024 640,805
At 31 March 2023 48,157

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Zoe Marshall
Balance outstanding at start of year 5,167 -
Amounts advanced - 5,167
Amounts repaid (5,167 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,167

7. RELATED PARTY DISCLOSURES

Zoe Marshall is a director and shareholder of Watermead Care Ltd.

The director for the year has charged rent of £35,614 on the property occupied by the company.

On 26 March 2024 the director sold the property to the company for £600,000.

The rent and sale price are at arm’s length, an outstanding balances of £100,000 to the director exists at the balance sheet date.

Watermead Care Ltd (Registered number: 10010534)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Zoe Marshall.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Watermead Care Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Watermead Care Ltd for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Watermead Care Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Watermead Care Ltd and state those matters that we have agreed to state to the Board of Directors of Watermead Care Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Watermead Care Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Watermead Care Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Watermead Care Ltd. You consider that Watermead Care Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Watermead Care Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Virtual Finance Limited
Chartered Accountants, Tax and Business Advisors
Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS


11 March 2025