Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04893208 Mr J Homewood Mrs L Homewood Mrs L Homewood true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04893208 2024-03-31 04893208 2025-03-31 04893208 2024-04-01 2025-03-31 04893208 frs-core:CurrentFinancialInstruments 2025-03-31 04893208 frs-core:BetweenOneFiveYears 2025-03-31 04893208 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 04893208 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04893208 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 04893208 frs-core:MoreThanFiveYears 2025-03-31 04893208 frs-core:PlantMachinery 2025-03-31 04893208 frs-core:PlantMachinery 2024-04-01 2025-03-31 04893208 frs-core:PlantMachinery 2024-03-31 04893208 frs-core:WithinOneYear 2025-03-31 04893208 frs-core:ShareCapital 2025-03-31 04893208 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04893208 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04893208 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04893208 frs-bus:SmallEntities 2024-04-01 2025-03-31 04893208 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04893208 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04893208 1 2024-04-01 2025-03-31 04893208 frs-bus:Director1 2024-04-01 2025-03-31 04893208 frs-bus:Director2 2024-04-01 2025-03-31 04893208 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04893208 frs-countries:EnglandWales 2024-04-01 2025-03-31 04893208 2023-03-31 04893208 2024-03-31 04893208 2023-04-01 2024-03-31 04893208 frs-core:CurrentFinancialInstruments 2024-03-31 04893208 frs-core:BetweenOneFiveYears 2024-03-31 04893208 frs-core:MoreThanFiveYears 2024-03-31 04893208 frs-core:WithinOneYear 2024-03-31 04893208 frs-core:ShareCapital 2024-03-31 04893208 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04893208
The Water Monopoly (2003) Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04893208
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 352,206 366,434
352,206 366,434
CURRENT ASSETS
Stocks 5 139,680 89,987
Debtors 6 180,077 174,243
Cash at bank and in hand 4,805,928 3,826,122
5,125,685 4,090,352
Creditors: Amounts Falling Due Within One Year 7 (1,581,633 ) (1,967,995 )
NET CURRENT ASSETS (LIABILITIES) 3,544,052 2,122,357
TOTAL ASSETS LESS CURRENT LIABILITIES 3,896,258 2,488,791
NET ASSETS 3,896,258 2,488,791
CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Profit and Loss Account 3,886,258 2,478,791
SHAREHOLDERS' FUNDS 3,896,258 2,488,791
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Homewood
Director
27 June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Water Monopoly (2003) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04893208 . The registered office is The Honey Factory, 69-71 Scrubs Lane, London, NW10 6QU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Over 15 years
Plant & Machinery over 4 years
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2024: 21)
19 21
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2024 371,462 146,054 517,516
Additions - 23,919 23,919
Disposals - (15,099 ) (15,099 )
As at 31 March 2025 371,462 154,874 526,336
Depreciation
As at 1 April 2024 34,642 116,440 151,082
Provided during the period 24,764 13,383 38,147
Disposals - (15,099 ) (15,099 )
As at 31 March 2025 59,406 114,724 174,130
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 March 2025 312,056 40,150 352,206
As at 1 April 2024 336,820 29,614 366,434
5. Stocks
2025 2024
£ £
Stock 139,680 89,987
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 69,535 121,532
Other debtors 110,542 52,711
180,077 174,243
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 418,920 872,246
Amounts owed to group undertakings 751,710 798,198
Other creditors 340,889 262,507
Taxation and social security 70,114 35,044
1,581,633 1,967,995
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10,000 10,000
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 156,249 106,250
Later than one year and not later than five years 694,167 675,417
Later than five years 452,083 627,083
1,302,499 1,408,750
Page 5
Page 6
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Spendthrift Ltd. Spendthrift Ltd was incorporated in England & Wales. The ultimate controlling party is Mr J Homewood by virtue of his shareholding in Spendthrift Ltd.
Page 6