New Waterton Park Limited - Filleted accounts

Registered number

04635705

New Waterton Park Limited

Filleted Accounts

30 June 2025

New Waterton Park Limited
Registered number:		04635705
Balance Sheet
as at 30 June 2025

Notes			2025		2024

Fixed assets
Intangible assets	3		1		1
Tangible assets	4		1,885,554		1,885,279
			1,885,555		1,885,280

Current assets
Debtors	5	77,117		40,012
Cash at bank and in hand		26,127		82,756
		103,244		122,768

Creditors: amounts falling due within one year	6	(3,139)		(1,880)

Net current assets			100,105		120,888

Total assets less current liabilities			1,985,660		2,006,168

Creditors: amounts falling due after more than one year	7		(187,971)		(222,971)



Net assets			1,797,689		1,783,197

Capital and reserves
Called up share capital			1,045,067		1,045,067
Share premium			100		100
Capital redemption reserve			142,517		142,517
Profit and loss account			610,005		595,513

Shareholders' funds			1,797,689		1,783,197

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. The profit and loss account has not been delivered to the Registrar of Companies.


R M Walker
Director
Approved by the board on 29 September 2025

New Waterton Park Limited
Notes to the Accounts
for the year ended 30 June 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).

	Turnover
	Turnover represents rent, service charges and expenses receivable from tenants in respect of the lease of the company's investment property.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Investment properties are carried in the balance sheet at open market value, the value to be determined by the directors and supported by independent professional valuation as considred necessary. Depreciation on other tangible fixed assets has been provided at the following rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	4 to 20 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		0		0


3	Intangible fixed assets
	Goodwill:

	Cost
	At 1 July 2024				1
	At 30 June 2025				1

	Amortisation
	At 30 June 2025				-

	Net book value
	At 30 June 2025				1
	At 30 June 2024				1

	Goodwill has been written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Land and buildings	Plant and machinery etc		Total

	Cost
	At 1 July 2024	1,885,273	259,162		2,144,435
	Additions	-	367		367
	At 30 June 2025	1,885,273	259,529		2,144,802

	Depreciation
	At 1 July 2024	-	259,156		259,156
	Charge for the year	-	92		92
	At 30 June 2025	-	259,248		259,248

	Net book value
	At 30 June 2025	1,885,273	281		1,885,554
	At 30 June 2024	1,885,273	6		1,885,279


	Land and buildings		2025		2024

	Historical cost		1,885,273		1,885,273
	Cumulative depreciation based on historical cost		-		-
			1,885,273		1,885,273
	Land and buildings comprise investment property and the directors are of the opinion that the open market value is not significantly different from cost.


5	Debtors		2025		2024


	Deferred tax asset		14,765		18,873
	Other debtors		62,352		21,139
			77,117		40,012

	Amounts due after more than one year included above		14,765		18,873



6	Creditors: amounts falling due within one year		2025		2024


	Taxation and social security costs		784		-
	Other creditors		2,355		1,880
			3,139		1,880


7	Creditors: amounts falling due after one year		2025		2024


	Mortgage loans		187,971		222,971


8	Loans		2025		2024

	Creditors include:

	Secured mortgage loans		187,971		222,971

	The mortgage loan is secured by a first legal charge on the company property and associated assets, and a debenture on the assets and undertakings. The loan is interest only and repayable in full on 17 August 2026.

9	Controlling party

	The company has no controlling party.


10	Other information

	New Waterton Park Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Britannic House
	Regent Street
	Barnsley
	South Yorkshire
	S70 2EQ