Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseNo description of principal activity44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12972962 2023-04-01 2024-03-31 12972962 2022-04-01 2023-03-31 12972962 2024-03-31 12972962 2023-03-31 12972962 c:Director3 2023-04-01 2024-03-31 12972962 d:CurrentFinancialInstruments 2024-03-31 12972962 d:CurrentFinancialInstruments 2023-03-31 12972962 d:Non-currentFinancialInstruments 2024-03-31 12972962 d:Non-currentFinancialInstruments 2023-03-31 12972962 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12972962 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12972962 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12972962 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12972962 d:ShareCapital 2024-03-31 12972962 d:ShareCapital 2023-03-31 12972962 d:RetainedEarningsAccumulatedLosses 2024-03-31 12972962 d:RetainedEarningsAccumulatedLosses 2023-03-31 12972962 c:FRS102 2023-04-01 2024-03-31 12972962 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12972962 c:FullAccounts 2023-04-01 2024-03-31 12972962 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12972962 2 2023-04-01 2024-03-31 12972962 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12972962









WATERBEACH LAND LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
WATERBEACH LAND LTD
REGISTERED NUMBER: 12972962

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
3,646,783
2,635,910

Debtors: amounts falling due after more than one year
 5 
-
19,900

Debtors: amounts falling due within one year
 5 
116,858
149,652

Cash at bank and in hand
  
8,427
53,109

  
3,772,068
2,858,571

Creditors: amounts falling due within one year
 6 
(662,617)
(10,660)

Net current assets
  
 
 
3,109,451
 
 
2,847,911

Total assets less current liabilities
  
3,109,451
2,847,911

Creditors: amounts falling due after more than one year
 7 
(3,598,769)
(3,046,632)

  

Net liabilities
  
(489,318)
(198,721)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(489,320)
(198,723)

  
(489,318)
(198,721)


Page 1

 
WATERBEACH LAND LTD
REGISTERED NUMBER: 12972962
    
STATEMENT OF FINANCIAL POSITION (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 year 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 statement of income and retained earnings 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 Mlinaric
Director

Date: 28 March 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
WATERBEACH LAND LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The principal activity of the Company, in the period under review, was that of property development.
The Company is a private company, limited by shares, incorporated in England and Wales.
The Company's registered office address is The Plaza, 535 Kings Road, London, England, SW10 0SZ.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis, which assumes that the Company will continue to trade for the foreseeable future, being a period of at least twelve months from the date of the approval of these financial statements, and will be able to meet its debts as they fall due.
As with any business, the Company relies upon the availability of working capital and generations of profits and cash in future to meet its liabilities as they fall due. The Company is reliant on the ongoing support of its shareholders, which the directors have confirmed, and therefore the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
WATERBEACH LAND LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt
instrument is measured at the present value of the future receipts discounted at a market rate of
interest.


3.


Employees



The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Stock

2024
2023
£
£

Land and buildings
554,150
554,150

Development costs
3,092,633
2,081,760

3,646,783
2,635,910


Page 4

 
WATERBEACH LAND LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Prepayments and accrued income
-
19,900

-
19,900


2024
2023
£
£

Due within one year

Trade debtors
72,107
-

Other debtors
15,419
123,119

Prepayments and accrued income
29,332
26,533

116,858
149,652



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
16,069
9,559

Other creditors
644,548
1

Accruals and deferred income
2,000
1,100

662,617
10,660



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
3,598,769
3,046,632

3,598,769
3,046,632


 
Page 5