Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31truefalse2024-04-01falseNo description of principal activity55The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10711661 2024-04-01 2025-03-31 10711661 2023-04-01 2024-03-31 10711661 2025-03-31 10711661 2024-03-31 10711661 c:Director1 2024-04-01 2025-03-31 10711661 c:Director2 2024-04-01 2025-03-31 10711661 d:OfficeEquipment 2024-04-01 2025-03-31 10711661 d:OfficeEquipment 2025-03-31 10711661 d:OfficeEquipment 2024-03-31 10711661 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10711661 d:ComputerEquipment 2024-04-01 2025-03-31 10711661 d:CurrentFinancialInstruments 2025-03-31 10711661 d:CurrentFinancialInstruments 2024-03-31 10711661 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 10711661 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10711661 d:ShareCapital 2025-03-31 10711661 d:ShareCapital 2024-03-31 10711661 d:SharePremium 2025-03-31 10711661 d:SharePremium 2024-03-31 10711661 d:RetainedEarningsAccumulatedLosses 2025-03-31 10711661 d:RetainedEarningsAccumulatedLosses 2024-03-31 10711661 c:FRS102 2024-04-01 2025-03-31 10711661 c:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10711661 c:FullAccounts 2024-04-01 2025-03-31 10711661 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10711661 2 2024-04-01 2025-03-31 10711661 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 10711661










WATERSHEDD LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2025

 
WATERSHEDD LTD
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WATERSHEDD LTD
FOR THE PERIOD ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of WATERSHEDD LTD for the Period ended 31 March 2025 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of directors of WATERSHEDD LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of WATERSHEDD LTD and state those matters that we have agreed to state to the Board of directors of WATERSHEDD LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WATERSHEDD LTD and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that WATERSHEDD LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of WATERSHEDD LTD. You consider that WATERSHEDD LTD is exempt from the statutory audit requirement for the Period.

We have not been instructed to carry out an audit or review of the financial statements of WATERSHEDD LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Alder Demain & Akers Ltd
 
Accountants
  
2 Michaels Court
Hanney Road
Southmoor
Oxford
OX13 5HR
28 July 2025
Page 1

 
WATERSHEDD LTD
REGISTERED NUMBER: 10711661

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
34,636
12,867

  
34,636
12,867

Current assets
  

Debtors: amounts falling due within one year
 5 
121,817
68,215

Cash at bank and in hand
 6 
255,354
171,430

  
377,171
239,645

Creditors: amounts falling due within one year
 7 
(192,407)
(70,098)

Net current assets
  
 
 
184,764
 
 
169,547

Total assets less current liabilities
  
219,400
182,414

Provisions for liabilities
  

Deferred tax
  
-
(381)

  
 
 
-
 
 
(381)

Net assets
  
219,400
182,033


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
105,126
105,215

Profit and loss account
  
114,174
76,718

  
219,400
182,033


Page 2

 
WATERSHEDD LTD
REGISTERED NUMBER: 10711661
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 July 2025.




................................................
Marzouk Al-bader
................................................
Adam Peter Casey
Director
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
WATERSHEDD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

1.


General information

Watershed Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 10711661.
The registered office is:
14 Turnham Green Terrace Mews, London, W4 1QU, United Kingdom.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
WATERSHEDD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the Period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
WATERSHEDD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
20%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
WATERSHEDD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

3.


Employees

The average monthly number of employees, including directors, during the Period was 5 (2024 - 5).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2024
27,668


Additions
30,428



At 31 March 2025

58,096



Depreciation


At 1 April 2024
14,801


Charge for the Period on owned assets
8,659



At 31 March 2025

23,460



Net book value



At 31 March 2025
34,636



At 31 March 2024
12,867

Page 7

 
WATERSHEDD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

5.


Debtors

2025
2024
£
£


Trade debtors
101,803
57,631

Other debtors
16,236
10,584

Prepayments and accrued income
3,778
-

121,817
68,215



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
255,354
171,430

255,354
171,430



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Payments received on account
70,000
-

Trade creditors
5,702
5,038

Other taxation and social security
107,238
55,673

Other creditors
9,467
9,387

192,407
70,098


 
Page 8