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REGISTERED NUMBER: 02479182 (England and Wales)















WATER TRANSFER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






WATER TRANSFER LIMITED (REGISTERED NUMBER: 02479182)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


WATER TRANSFER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: T J Casey
M J Casey
I W A Grant
R Hall-Jones
R Hardy
A Harrison
S M Wrisdale





SECRETARY: Ms S K Parker





REGISTERED OFFICE: 26 Sleaford Road
Tattershall
Lincolnshire
LN4 4JG





REGISTERED NUMBER: 02479182 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

WATER TRANSFER LIMITED (REGISTERED NUMBER: 02479182)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,729 15,649

CURRENT ASSETS
Debtors 5 18,850 16,286
Cash at bank 9,492 10,647
28,342 26,933
CREDITORS
Amounts falling due within one year 6 11,380 13,437
NET CURRENT ASSETS 16,962 13,496
TOTAL ASSETS LESS CURRENT LIABILITIES 31,691 29,145

CREDITORS
Amounts falling due after more than one year 7 697 907
NET ASSETS 30,994 28,238

RESERVES
Share premium 1,755 1,755
Income and expenditure account 29,239 26,483
30,994 28,238

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by:





T J Casey - Director


WATER TRANSFER LIMITED (REGISTERED NUMBER: 02479182)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Water Transfer Limited is a private company, limited by guarantee , 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 represents the amounts derived from the provision of goods and services which fall within the company's ordinary activities stated net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Formation costs10 years
Pipework50 years
Measuring equipment 10 years

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
The company trades as a mutual enterprise and as such is subject to taxation upon surpluses generated from non-member trading and interest on temporary deposits.

3. EMPLOYEES AND DIRECTORS

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

WATER TRANSFER LIMITED (REGISTERED NUMBER: 02479182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Formation Pipework Measuring
costs etc equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 10,000 45,985 5,000 60,985
DEPRECIATION
At 1 January 2024 10,000 30,336 5,000 45,336
Charge for year - 920 - 920
At 31 December 2024 10,000 31,256 5,000 46,256
NET BOOK VALUE
At 31 December 2024 - 14,729 - 14,729
At 31 December 2023 - 15,649 - 15,649

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,850 16,286

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,914 3,680
Taxation and social security 2,462 2,809
Other creditors 5,004 6,948
11,380 13,437

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 697 907

8. PROFIT AND LOSS ACCOUNT



Total

Members
Interest
received
£ £ £

Prior to 31 December 2019 11,311 - 11,311
31 December 2020 3,409 3,409 -
31 December 2021 3,869 3,869 -
31 December 2022 3,626 3,626 -
31 December 2023 4,268 4,268 -
31 December 2024 6,165 6,165 -
32,648 21,337 11,311

Less retentions to be repaid (3,409) (3,409) -
29,239 17,928 11,311