| Waters Edge Residents Co. Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Waters Edge Residents Co. Limited for the year 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 accounts of Waters Edge Residents Co. Limited for the year ended 31 March 2025 which comprise of the Profit and Loss Account, 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 Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| Cochrane & Co Accountants Limited |
| Chartered Accountants |
| 38 Kings Road |
| Lee-on-the-Solent |
| Hampshire |
| PO13 9NU |
|
| 15 August 2025 |
|
| Waters Edge Residents Co. Limited |
| Registered number: |
00961559 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
3,000 |
|
|
3,000 |
|
| Creditors: amounts falling due within one year |
4 |
|
(2,500) |
|
|
(2,500) |
|
| Net current liabilities |
|
|
|
(2,500) |
|
|
(2,500) |
|
| Net assets |
|
|
|
500 |
|
|
500 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
500 |
|
|
500 |
|
| Shareholders' funds |
|
|
|
500 |
|
|
500 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. |
|
|
|
|
| Ms M H Bramley |
| Director |
| Approved by the board on 31 July 2025 |
|
| Waters Edge Residents Co. Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Due to the life of the building being in excess of fifty years, no depreciation has been provided. Impairement reviews are carried out periodically. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 April 2024 |
3,000 |
|
At 31 March 2025 |
3,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
3,000 |
|
At 31 March 2024 |
3,000 |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
2,500 |
|
2,500 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Service charge accounts |
|
|
The directors acting as trustees under the Landlord & Tenants Act 1987 are responsible for the administration of the service charge monies received. The summary of the movement is shown in the attached service charge accounts.
More detailed information relating to the management company income and expenditure, can be obtained from the registered office. |
|
|
| 6 |
Controlling party |
|
|
The ultimate controlling party are the residents by virtue of their shareholdings. |
|
|
| 7 |
Other information |
|
|
Waters Edge Residents Co. Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
120 High Street |
|
Lee-on-the-Solent |
|
Hampshire |
|
PO13 9BD |