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Company Registration No. 06606183 (England and Wales)
Bywater Capital Limited Unaudited accounts for the year ended 31 December 2024
Bywater Capital Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Bywater Capital Limited Company Information for the year ended 31 December 2024
Directors
Tarsem Singh Dhaliwal Theodore William Henry Michell Patrick Desmond O'Gorman Malcolm Conrad Walker Richard Malcolm Walker
Company Number
06606183 (England and Wales)
Registered Office
A&L Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Bywater Capital Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
4
29 
29 
Current assets
Debtors
5
2,553,978 
2,477,632 
Cash at bank and in hand
59 
1,354 
2,554,037 
2,478,986 
Creditors: amounts falling due within one year
6
(552,233)
(482,552)
Net current assets
2,001,804 
1,996,434 
Total assets less current liabilities
2,001,833 
1,996,463 
Creditors: amounts falling due after more than one year
7
(1,510,829)
(1,510,829)
Net assets
491,004 
485,634 
Capital and reserves
Called up share capital
8
400,000 
400,000 
Profit and loss account
91,004 
85,634 
Shareholders' funds
491,004 
485,634 
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
Patrick Desmond O'Gorman Director Company Registration No. 06606183
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Bywater Capital Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Bywater Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 06606183. The registered office is A&L Suite 1-3 The Hop Exchange, 24 Southwark Street, London, SE1 1TY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Consolidation
The company is exempt from preparing group accounts on the grounds that the group is small. These unaudited financial statements present information about the company as an individual undertaking and not about its group.
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.
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Bywater Capital Limited Notes to the Accounts for the year ended 31 December 2024
Deferred taxation
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.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
4
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 January 2024
3 
26 
29 
Valuation at 31 December 2024
3 
26 
29 
The company held 20% or more of the share capital of the following companies: Bywater Capital (Chester OV) Limited - Ordinary Shares (100%) Bywater Capital (Winetavern) Limited - Ordinary Shares (40%)
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
1,895,237 
1,895,237 
Deferred tax asset
108,196 
101,930 
Accrued income and prepayments
550,545 
480,465 
2,553,978 
2,477,632 
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Bywater Capital Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
214 
2,086 
Other creditors
1,474 
- 
Accruals
550,545 
480,466 
552,233 
482,552 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
1,510,829 
1,510,829 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
400,000 Ordinary shares of £1 each
400,000 
400,000 
9
Transactions with related parties
Big Property Holdings Limited - M C Walker and T S Dhaliwal are also shareholders of Big Property Holdings Limited. Amount due to related party 2024: £676,400 (2023: £676,400).
10
Controlling party
The director's believe the company has no one controlling party.
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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