| Waterman Property Management Limited |
| Registered Number:10429625 |
For the year ended 30 November 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2024
Waterman Property Management Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Waterman Property Management Limited
Statement of Financial Position
2023
2024
770,510
390,500
2
| Trade and other receivables |
1,788
1,788
3
5,102
| Cash and cash equivalents |
3,988
396,276
777,400
| Trade and other payables: amounts falling due within one |
| year |
(567,211)
(357,637)
4
210,189
38,639
Net current assets
| Total assets less current liabilities |
38,639
210,189
| Trade and other payables: amounts falling due after more |
| than one year |
(41,667)
(31,070)
5
7,569
Net assets
168,522
100
100
7,469
168,422
7,569
168,522
Shareholders' funds
| For the year ended 30 November 2024 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 of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 27 August 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 November 2024
Waterman Property Management Limited
Notes to the Financial Statements
Statutory Information
| Waterman Property Management Limited is a private limited company, limited by shares, domiciled in England and |
| Wales, registration number 10429625. |
7 Cherry Trees
Billericay
Ingatestone
Essex
CM12 9NY
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Significant judgements and estimates
| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readlily apparent from other sources. The estimates and associated assumptions are based on histotrical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable fromn rental properties and the sale of development property provided in the normal course of business. |
Inventories
| Stocks and working in progess is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs, developmnent costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, an assessment is made for impairment. Any excess of the carrying amoint of stocks over its estimated sellling price less costs to complete and sell is regonised as an impairment loss in the Profit & Loss Account. Reversals of impairment losses are also recognised in the Profit & Loss Account. |
2023
2024
390,500
770,510
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For the year ended 30 November 2024
Waterman Property Management Limited
Notes to the Financial Statements Continued
| 3. Trade and other receivables |
2023
2024
1,788
1,788
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
10,260
8,333
-
2,304
| Amounts owed to group undertaking and undertaking in which the |
| company has a participating interest |
251,939
361,939
| Accruals and deferred income |
89,814
2,020
5,624
192,615
357,637
567,211
| 5. Trade and other payables: amounts falling due after more than one year |
2023
2024
31,070
41,667
| 6. Related party transactions |
| The company is jointly controlled by the Directors |
| As at 30 November 2024 the Directors wrere owed £5,624 (2023: £192,615) by the company. The loan advance is |
| interest free with no fixed date for repayment. |
| As at 30 November 2024 the company owed Waterman Developments Ltd, a company under common control, the |
| sum of £251,939 (2023:£361,939). |
| 7. Average number of persons employed |
During the year the average number of employees was 0
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