Caseware UK (AP4) 2023.0.135 2023.0.135 2025-05-16falsefalseNo description of principal activity2023-08-24false00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15094828 2023-08-23 15094828 2023-08-24 2024-08-31 15094828 2022-08-24 2023-08-23 15094828 2024-08-31 15094828 c:Director1 2023-08-24 2024-08-31 15094828 d:FurnitureFittings 2023-08-24 2024-08-31 15094828 d:FurnitureFittings 2024-08-31 15094828 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-24 2024-08-31 15094828 d:FreeholdInvestmentProperty 2023-08-24 2024-08-31 15094828 d:FreeholdInvestmentProperty 2024-08-31 15094828 d:CurrentFinancialInstruments 2024-08-31 15094828 d:Non-currentFinancialInstruments 2024-08-31 15094828 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 15094828 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 15094828 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-08-31 15094828 d:ShareCapital 2024-08-31 15094828 d:RetainedEarningsAccumulatedLosses 2024-08-31 15094828 c:FRS102 2023-08-24 2024-08-31 15094828 c:AuditExempt-NoAccountantsReport 2023-08-24 2024-08-31 15094828 c:FullAccounts 2023-08-24 2024-08-31 15094828 c:PrivateLimitedCompanyLtd 2023-08-24 2024-08-31 15094828 e:PoundSterling 2023-08-24 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 15094828










WATFORD INVESTMENTS LIMITED








Unaudited

Financial statements

Information for filing with the registrar

For the Period Ended 31 August 2024

 
WATFORD INVESTMENTS LIMITED
Registered number: 15094828

Balance sheet
As at 31 August 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
2,313

Investment property
 5 
944,442

  
946,755

Current assets
  

Debtors: amounts falling due within one year
 6 
249,442

Cash at bank and in hand
 7 
3

  
249,445

Creditors: amounts falling due within one year
 8 
(40,236)

Net current assets
  
 
 
209,209

Total assets less current liabilities
  
1,155,964

Creditors: amounts falling due after more than one year
 9 
(656,640)

  

Net assets
  
499,324


Capital and reserves
  

Called up share capital 
  
2

Profit and loss account
  
499,322

  
499,324


The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 comprehensive income 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 on 16 May 2025.

Page 1

 
WATFORD INVESTMENTS LIMITED
Registered number: 15094828
    
Balance sheet (continued)
As at 31 August 2024




D Herczl
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
WATFORD INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Period Ended 31 August 2024

1.


General information

Watford Investments Ltd is a private company limited by shares and registered in England and Wales.
The registered address is 61 Jessam Avenue, London, E5 9DU.

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

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
WATFORD INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Period Ended 31 August 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration.

The average monthly number of employees, including directors, during the period was 0.

Page 4

 
WATFORD INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Period Ended 31 August 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
3,084



At 31 August 2024

3,084



Depreciation


Charge for the period on owned assets
771



At 31 August 2024

771



Net book value



At 31 August 2024
2,313


5.


Investment property


Freehold investment property

£



Valuation


Additions at cost
964,442


Disposals
(20,000)



At 31 August 2024
944,442

The 2024 valuations were made by the director, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
£


Historic cost
944,442

944,442

Page 5

 
WATFORD INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Period Ended 31 August 2024

6.


Debtors

2024
£


Other debtors
249,442

249,442



7.


Cash and cash equivalents

2024
£

Cash at bank and in hand
3

3



8.


Creditors: Amounts falling due within one year

2024
£

Other creditors
39,396

Accruals and deferred income
840

40,236


Page 6

 
WATFORD INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Period Ended 31 August 2024

9.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
656,640

656,640


The following liabilities were secured:

2024
£



Bank loans
656,640

656,640

Details of security provided:

Bank loans are secured by way of fixed charge over the company's property.


10.


Loans


Analysis of the maturity of loans is given below:


2024
£




Amounts falling due after more than 5 years

Bank loans
656,640

656,640


 
Page 7