2023-12-01 10429625 2024-11-30 10429625 2023-12-01 2024-11-30 10429625 2023-11-30 10429625 2022-12-01 2023-11-30 10429625 uk-core:WithinOneYear 2023-11-30 10429625 uk-core:WithinOneYear 2024-11-30 10429625 uk-core:AfterOneYear 2023-11-30 10429625 uk-core:AfterOneYear 2024-11-30 10429625 uk-core:ShareCapital 2024-11-30 10429625 uk-core:ShareCapital 2023-11-30 10429625 uk-core:RetainedEarningsAccumulatedLosses 2024-11-30 10429625 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 10429625 uk-bus:Director1 2023-12-01 2024-11-30 10429625 uk-bus:Director2 2023-12-01 2024-11-30 10429625 uk-core:WithinOneYear 2024-11-30 10429625 uk-core:WithinOneYear 2023-11-30 10429625 uk-core:AfterOneYear uk-core:Secured 2024-11-30 10429625 uk-core:AfterOneYear uk-core:Secured 2023-11-30 iso4217:GBP xbrli:pure 10429625 uk-bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 10429625 uk-bus:FRS102 2023-12-01 2024-11-30 10429625 uk-bus:FilletedAccounts 2023-12-01 2024-11-30 10429625 uk-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30
Waterman Property Management Limited
Registered Number:10429625
For the year ended 30 November 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
10429625
As at 30 November 2024
Waterman Property Management Limited
Statement of Financial Position
£
£
2023
2024
Notes
Current assets
Inventories
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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.
A McGurren Director
Mrs C.McGurren Director
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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4
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.
Registered address:
7 Cherry Trees
Billericay
Ingatestone
Essex
CM12 9NY
The presentation currency is £ sterling.
1. Accounting policies
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.
2. Inventories
2023
2024
£
£
Stocks
390,500
770,510
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5
For the year ended 30 November 2024
Waterman Property Management Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Other debtors
1,788
1,788
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,260
8,333
Trade creditors
-
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
Directors' loan accounts
5,624
192,615
357,637
567,211
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
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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