REGISTERED NUMBER: 12977827 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

WATLINGTON PARK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D Dick

G V E Schwarzenbach

REGISTERED OFFICE:

Unit 10 Greenlands Farm

Dairy Lane

Hambleden

Henley-On-Thames

Oxfordshire

RG9 3AS

REGISTERED NUMBER:

12977827 (England and Wales)

ACCOUNTANTS:

Martin and Company

Two Brewers House

50 North Street

Thame

Oxfordshire

OX9 3BH

FIXED ASSETS

Tangible assets

4

622,265

624,090

CURRENT ASSETS

Debtors

5

186,973

107,741

Cash at bank and in hand

13,842

140,299

200,815

248,040

CREDITORS

Amounts falling due within one year

6

1,443,253

1,159,555

NET CURRENT LIABILITIES

(1,242,438

)

(911,515

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(620,173

)

(287,425

)

PROVISIONS FOR LIABILITIES

7

21,900

24,945

NET LIABILITIES

(642,073

)

(312,370

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(642,083

)

(312,380

)

(642,073

)

(312,370

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 12th September 2025 and were signed on its behalf by:

G V E Schwarzenbach - Director

1.	STATUTORY INFORMATION

Watlington Park 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

Turnover 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.

Plant and machinery etc

-

20% on cost

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

644,619

Additions

132,719

Disposals

(5,000

)

At 31st December 2024

772,338

DEPRECIATION

At 1st January 2024

20,529

Charge for year

130,377

Eliminated on disposal

(833

)

At 31st December 2024

150,073

NET BOOK VALUE

At 31st December 2024

622,265

At 31st December 2023

624,090

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

62,779

7,507

Other debtors

124,194

100,234

186,973

107,741

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

260,591

172,318

Other creditors

1,182,662

987,237

1,443,253

1,159,555

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

21,900

24,945

Deferred

tax

£

Balance at 1st January 2024

24,945

Credit to Income Statement during year

(3,045

)

Balance at 31st December 2024

21,900

8.	RELATED PARTY DISCLOSURES

During the period the company paid £55,000 (2023: £50,000) to a limited liability partnership in which the director is also a partner. The transactions were carried out on commercial terms.

During the period, loans were received from Culden Faw Ltd totalling £170,000 (2023: £0). Mr A D Dick is a director in both entities. The balance is currently interest free and repayable upon demand.

A balance of £2,849 (2023: £512) is due from Watlington Park Holdings Limited. Both companies share the same directors. The balance is currently interest free and repayable upon demand.