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REGISTERED NUMBER: 00742511 (England and Wales)

















Waters Investments Limited

Financial Statements

for the Period 1 March 2023 to 31 July 2024






Waters Investments Limited (Registered number: 00742511)

Contents of the Financial Statements
for the period 1 March 2023 to 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Waters Investments Limited

Company Information
for the period 1 March 2023 to 31 July 2024







DIRECTOR: Mrs S H Waters





REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX





REGISTERED NUMBER: 00742511 (England and Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

Waters Investments Limited (Registered number: 00742511)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 269,959 257,823
Investments 5 1 1
269,960 257,824

CURRENT ASSETS
Stocks 60,571 72,420
Debtors 6 3,942 1,806
Cash at bank - 2,209
64,513 76,435
CREDITORS
Amounts falling due within one year 7 450,651 385,682
NET CURRENT LIABILITIES (386,138 ) (309,247 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(116,178

)

(51,423

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (116,278 ) (51,523 )
(116,178 ) (51,423 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2025 and were signed by:





Mrs S H Waters - Director


Waters Investments Limited (Registered number: 00742511)

Notes to the Financial Statements
for the period 1 March 2023 to 31 July 2024


1. STATUTORY INFORMATION

Waters Investments Limited 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.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Tractors - 15% on reducing balance
Motor vehicles - 15% on reducing balance

The director considers that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation charge for the year is nil. The director performs annual impairment reviews to ensure that the recoverable amount is not lower than the carrying value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

Waters Investments Limited (Registered number: 00742511)

Notes to the Financial Statements - continued
for the period 1 March 2023 to 31 July 2024


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery Tractors vehicles Totals
£    £    £    £    £   
COST
At 1 March 2023 256,285 15,481 - 36,561 308,327
Additions - 1,750 11,000 - 12,750
At 31 July 2024 256,285 17,231 11,000 36,561 321,077
DEPRECIATION
At 1 March 2023 - 14,449 - 36,055 50,504
Charge for period - 263 275 76 614
At 31 July 2024 - 14,712 275 36,131 51,118
NET BOOK VALUE
At 31 July 2024 256,285 2,519 10,725 430 269,959
At 28 February 2023 256,285 1,032 - 506 257,823

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023
and 31 July 2024 1
NET BOOK VALUE
At 31 July 2024 1
At 28 February 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,382 -
Other debtors 489 -
Prepayments and accrued income 2,071 1,806
3,942 1,806

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 983 -
Trade creditors 17,749 3,911
Tax and social security costs - 1,212
Other creditors 332,944 315,444
Directors' current accounts 94,559 63,490
Accruals and deferred income 4,416 1,625
450,651 385,682

Waters Investments Limited (Registered number: 00742511)

Notes to the Financial Statements - continued
for the period 1 March 2023 to 31 July 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 983 -

Amounts owed to the company's bankers are secured by a legal mortgage over freehold property dated 30 September 1981.