REGISTERED NUMBER: 12207098 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WATERCROFT DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Menderes

Mr K Menderes

REGISTERED OFFICE:

The Cottage

Combe Bank Drive

Sundridge

Sevenoaks

Kent

TN14 6AD

REGISTERED NUMBER:

12207098 (England and Wales)

ACCOUNTANTS:

Bayar Hughes & Co

Chartered Certified Accountants

4 Green Lane Business Park

238 Green lane

New Eltham

London

SE9 3TL

FIXED ASSETS

Tangible assets

4

25,134

31,713

Investment Properties

5

2,093,817

1,495,000

2,118,951

1,526,713

CURRENT ASSETS

Cash at bank

275,313

13,007

CREDITORS

Amounts falling due within one year

6

15,653

7,302

NET CURRENT ASSETS

259,660

5,705

TOTAL ASSETS LESS CURRENT LIABILITIES

2,378,611

1,532,418

CREDITORS

Amounts falling due after more than one year

7

1,984,091

1,146,963

NET ASSETS

394,520

385,455

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

394,409

394,409

Retained earnings

11

(9,054

)

SHAREHOLDERS' FUNDS

394,520

385,455

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 26 September 2025 and were signed on its behalf by:

Mr M Menderes - Director

1.	STATUTORY INFORMATION

Watercroft Developments 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 as modified by the revaluation of certain assets.

Turnover

Turnover comprises rental income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furnishings

-

25% on reducing balance

Investment properties

Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Furnishings

£

COST

At 1 January 2024

43,856

Additions

1,800

At 31 December 2024

45,656

DEPRECIATION

At 1 January 2024

12,143

Charge for year

8,379

At 31 December 2024

20,522

NET BOOK VALUE

At 31 December 2024

25,134

At 31 December 2023

31,713

5.	INVESTMENT PROPERTIES

Total

£

FAIR VALUE

At 1 January 2024

1,495,000

Additions

598,817

At 31 December 2024

2,093,817

NET BOOK VALUE

At 31 December 2024

2,093,817

At 31 December 2023

1,495,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

265,273

Valuation in 2023

129,136

Valuation in 2025

1,699,408

2,093,817

Investment Properties were valued on an open market basis on 31 March 2025 by the Directors' .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

7,251

5,902

Taxation and social security

227

80

Other creditors

8,175

1,320

15,653

7,302

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

1,103,389

901,981

Other creditors

880,702

244,982

1,984,091

1,146,963

8.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

394,409