IRIS Accounts Production v25.1.0.734 08545137 director 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085451372023-12-31085451372024-12-31085451372024-01-012024-12-31085451372022-12-31085451372023-01-012023-12-31085451372023-12-3108545137ns15:EnglandWales2024-01-012024-12-3108545137ns14:PoundSterling2024-01-012024-12-3108545137ns10:Director12024-01-012024-12-3108545137ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3108545137ns10:SmallEntities2024-01-012024-12-3108545137ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3108545137ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3108545137ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3108545137ns10:FullAccounts2024-01-012024-12-3108545137ns10:RegisteredOffice2024-01-012024-12-3108545137ns5:CurrentFinancialInstruments2024-12-3108545137ns5:CurrentFinancialInstruments2023-12-3108545137ns5:Non-currentFinancialInstruments2024-12-3108545137ns5:Non-currentFinancialInstruments2023-12-3108545137ns5:ShareCapital2024-12-3108545137ns5:ShareCapital2023-12-3108545137ns5:RetainedEarningsAccumulatedLosses2024-12-3108545137ns5:RetainedEarningsAccumulatedLosses2023-12-3108545137ns5:PlantMachinery2024-01-012024-12-3108545137ns5:LandBuildings2023-12-3108545137ns5:PlantMachinery2023-12-3108545137ns5:LandBuildings2024-01-012024-12-3108545137ns5:LandBuildings2024-12-3108545137ns5:PlantMachinery2024-12-3108545137ns5:LandBuildings2023-12-3108545137ns5:PlantMachinery2023-12-3108545137ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3108545137ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-01-012024-12-3108545137ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-12-3108545137ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3108545137ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3108545137ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31085451371ns10:Director12023-12-31085451371ns10:Director12022-12-31085451371ns10:Director12024-01-012024-12-31085451371ns10:Director12023-01-012023-12-31085451371ns10:Director12024-12-31085451371ns10:Director12023-12-31
REGISTERED NUMBER: 08545137 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Southdowns Water Co Ltd

Southdowns Water Co Ltd (Registered number: 08545137)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Southdowns Water Co Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: W T G Windsor





REGISTERED OFFICE: Windsor House
Clovelly Road, Southbourne
Emsworth
Hampshire
PO10 8PF





REGISTERED NUMBER: 08545137 (England and Wales)





ACCOUNTANTS: Roches
Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

Southdowns Water Co Ltd (Registered number: 08545137)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 579,639 291,932

CURRENT ASSETS
Stocks 118,833 136,302
Debtors 5 682,779 439,764
Cash at bank and in hand 12,564 1,413
814,176 577,479
CREDITORS
Amounts falling due within one year 6 677,109 501,583
NET CURRENT ASSETS 137,067 75,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

716,706

367,828

CREDITORS
Amounts falling due after more than one
year

7

(263,171

)

(158,159

)

PROVISIONS FOR LIABILITIES (114,183 ) (49,630 )
NET ASSETS 339,352 160,039

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 339,351 160,038
SHAREHOLDERS' FUNDS 339,352 160,039

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

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

The director acknowledges his 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.

Southdowns Water Co Ltd (Registered number: 08545137)

Balance Sheet - continued
31 December 2024


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 15 May 2025 and were signed by:





W T G Windsor - Director


Southdowns Water Co Ltd (Registered number: 08545137)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Southdowns Water Co Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance, 20% on cost, 10% on cost, 10% on reducing balance and Straight line over 4 years

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

Taxation
Taxation for the year 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 year 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.

Southdowns Water Co Ltd (Registered number: 08545137)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 1,533 461,981 463,514
Additions - 390,300 390,300
Disposals - (35,542 ) (35,542 )
At 31 December 2024 1,533 816,739 818,272
DEPRECIATION
At 1 January 2024 767 170,815 171,582
Charge for year 766 83,783 84,549
Eliminated on disposal - (17,498 ) (17,498 )
At 31 December 2024 1,533 237,100 238,633
NET BOOK VALUE
At 31 December 2024 - 579,639 579,639
At 31 December 2023 766 291,166 291,932

Southdowns Water Co Ltd (Registered number: 08545137)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024 254,739
Additions 266,500
Transfer to ownership (17,900 )
At 31 December 2024 503,339
DEPRECIATION
At 1 January 2024 68,024
Charge for year 54,168
Transfer to ownership (10,647 )
At 31 December 2024 111,545
NET BOOK VALUE
At 31 December 2024 391,794
At 31 December 2023 186,715

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 537,880 330,797
Other debtors 144,899 108,967
682,779 439,764

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 20,000 62,812
Hire purchase contracts 102,846 41,492
Trade creditors 410,952 231,529
Taxation and social security 37,635 53,410
Other creditors 105,676 112,340
677,109 501,583

Southdowns Water Co Ltd (Registered number: 08545137)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 8,333 28,333
Hire purchase contracts 254,838 98,882
Other creditors - 30,944
263,171 158,159

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 357,684 140,374

All hire purchase & finance lease debt is secured against the assets concerned.

9. OTHER FINANCIAL COMMITMENTS

As at the year end, the company had obligations totalling £8,360 (2023 : £104,070) under non-cancellable operating leases.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
W T G Windsor
Balance outstanding at start of year - -
Amounts advanced 7,074 -
Amounts repaid (7,074 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -