Registered number
09761263
Whitewater Property Services Ltd
Filleted Accounts
28 February 2025
Whitewater Property Services Ltd
Registered number: 09761263
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 21,946 2,455
Current assets
Debtors 4 3,077 6,224
Cash at bank and in hand 13,680 9,309
16,757 15,533
Creditors: amounts falling due within one year 5 (18,605) (17,156)
Net current liabilities (1,848) (1,623)
Total assets less current liabilities 20,098 832
Creditors: amounts falling due after more than one year 6 (15,388) -
Provisions for liabilities (4,170) (475)
Net assets 540 357
Capital and reserves
Called up share capital 100 100
Profit and loss account 440 257
Shareholders' funds 540 357
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Dentry
Director
Approved by the board on 20 March 2025
Whitewater Property Services Ltd
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2024 3,695 - 3,695
Additions 2,000 24,807 26,807
At 28 February 2025 5,695 24,807 30,502
Depreciation
At 1 March 2024 1,240 - 1,240
Charge for the year 1,114 6,202 7,316
At 28 February 2025 2,354 6,202 8,556
Net book value
At 28 February 2025 3,341 18,605 21,946
At 29 February 2024 2,455 - 2,455
4 Debtors 2025 2024
£ £
Trade debtors 2,276 1,966
Other debtors 801 4,258
3,077 6,224
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 4,859 -
Trade creditors 3,446 4,029
Taxation and social security costs 6,939 9,831
Other creditors 3,361 3,296
18,605 17,156
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 15,388 -
7 Controlling party
The company is controlled by the directors.
8 Other information
Whitewater Property Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Loft, Unit 11
Hunthay Business Park
Axminster
Devon
EX13 5RJ
Whitewater Property Services Ltd 09761263 false 2024-03-01 2025-02-28 2025-02-28 VT Final Accounts April 2025 M Dentry No description of principal activity 09761263 2023-03-04 2024-02-29 09761263 core:WithinOneYear 2024-02-29 09761263 core:AfterOneYear 2024-02-29 09761263 core:ShareCapital 2024-02-29 09761263 core:RetainedEarningsAccumulatedLosses 2024-02-29 09761263 2024-03-01 2025-02-28 09761263 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 09761263 bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 09761263 bus:Director40 2024-03-01 2025-02-28 09761263 1 2024-03-01 2025-02-28 09761263 2 2024-03-01 2025-02-28 09761263 core:PlantMachinery 2024-03-01 2025-02-28 09761263 core:Vehicles 2024-03-01 2025-02-28 09761263 countries:England 2024-03-01 2025-02-28 09761263 bus:FRS102 2024-03-01 2025-02-28 09761263 bus:FilletedAccounts 2024-03-01 2025-02-28 09761263 2025-02-28 09761263 core:WithinOneYear 2025-02-28 09761263 core:AfterOneYear 2025-02-28 09761263 core:ShareCapital 2025-02-28 09761263 core:RetainedEarningsAccumulatedLosses 2025-02-28 09761263 core:PlantMachinery 2025-02-28 09761263 core:Vehicles 2025-02-28 09761263 2024-02-29 09761263 core:PlantMachinery 2024-02-29 09761263 core:Vehicles 2024-02-29 iso4217:GBP xbrli:pure