Company No:
Contents
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 4 |
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Investment property | 5 |
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2,187,508 | 1,678,591 | |||
Current assets | ||||
Debtors | 6 |
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Cash at bank and in hand |
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167,216 | 289,508 | |||
Creditors: amounts falling due within one year | 7 | (
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Net current liabilities | (750,882) | (274,575) | ||
Total assets less current liabilities | 1,436,626 | 1,404,016 | ||
Creditors: amounts falling due after more than one year | 8 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Fair value reserve |
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Capital redemption reserve |
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Profit and loss account |
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Total shareholder's funds |
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Watersplash Leisure Ltd (registered number:
R A Davies
Director |
P Cooke
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Watersplash Leisure Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Goodwill |
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Plant and machinery |
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Vehicles |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 01 November 2023 |
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At 31 October 2024 |
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Accumulated amortisation | |||
At 01 November 2023 |
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At 31 October 2024 |
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Net book value | |||
At 31 October 2024 |
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At 31 October 2023 |
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Plant and machinery | Vehicles | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 November 2023 |
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At 31 October 2024 |
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Accumulated depreciation | |||||
At 01 November 2023 |
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Charge for the financial year |
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At 31 October 2024 |
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Net book value | |||||
At 31 October 2024 |
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At 31 October 2023 |
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Investment property | |
£ | |
Valuation | |
As at 01 November 2023 |
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Additions | 510,163 |
As at 31 October 2024 |
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Valuation
The director has reviewed the values of the investment properties in the accounts and is confident the value in the accounts represents fair value. The director felt a necessary fair value adjustment was not needed for the year under review.
There has been no valuation of investment property by an independent valuer.
2024 | 2023 | ||
£ | £ | ||
Amounts owed by Parent undertakings |
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Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Bank loans |
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Amounts owed to associates |
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Taxation and social security |
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Other creditors |
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2024 | 2023 | ||
£ | £ | ||
Bank loans (secured) |
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Other creditors |
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