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REGISTERED NUMBER: 02025601 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Wattisham Limited

Wattisham Limited (Registered number: 02025601)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wattisham Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: A Banks
Mrs C Banks





REGISTERED OFFICE: Hempnalls Hall
Willow Farm Road
Cotton
Stowmarket
Suffolk
IP14 4QU





REGISTERED NUMBER: 02025601 (England and Wales)





ACCOUNTANTS: Sarah Place Accountants Ltd
Unit 4b
Boldero Road
Bury St Edmunds
Suffolk
IP32 7BS

Wattisham Limited (Registered number: 02025601)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,977,561 648,296

CURRENT ASSETS
Debtors 5 136,356 463,389
Cash at bank 1,208,353 2,242,776
1,344,709 2,706,165
CREDITORS
Amounts falling due within one year 6 32,478 11,738
NET CURRENT ASSETS 1,312,231 2,694,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,289,792

3,342,723

PROVISIONS FOR LIABILITIES 152 297
NET ASSETS 3,289,640 3,342,426

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 3,279,640 3,332,426
3,289,640 3,342,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Wattisham Limited (Registered number: 02025601)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:




A Banks - Director



Mrs C Banks - Director


Wattisham Limited (Registered number: 02025601)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Wattisham 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
Revenue 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.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Wattisham Limited (Registered number: 02025601)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 646,735 3,508 650,243
Additions 1,330,026 - 1,330,026
At 30 September 2024 1,976,761 3,508 1,980,269
DEPRECIATION
At 1 October 2023 - 1,947 1,947
Charge for year - 761 761
At 30 September 2024 - 2,708 2,708
NET BOOK VALUE
At 30 September 2024 1,976,761 800 1,977,561
At 30 September 2023 646,735 1,561 648,296

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 36
Other debtors 136,356 463,353
136,356 463,389

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 1,124 1,426
Taxation and social security 11,900 6,479
Other creditors 19,454 3,833
32,478 11,738

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
A Banks and Mrs C Banks
Balance outstanding at start of year 336,675 623,676
Amounts repaid (343,102 ) (287,001 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,427 ) 336,675