WATER STREET PROPCO INVESTMENT LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Company Registration No. 14133345 (England and Wales)
WATER STREET PROPCO INVESTMENT LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
WATER STREET PROPCO INVESTMENT LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
4
1
-
0
Current assets
Stocks
-
554,926
Debtors
5
1,904,727
1
Cash at bank and in hand
92,070
19,614
1,996,797
574,541
Creditors: amounts falling due within one year
6
(12,611)
(1,100)
Net current assets
1,984,186
573,441
Net assets
1,984,187
573,441
Capital and reserves
Called up share capital
7
2,704,157
577,158
Profit and loss reserves
(719,970)
(3,717)
Total equity
1,984,187
573,441

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 June 2025 and are signed on its behalf by:
Mr T S Barlow
Director
Company registration number 14133345 (England and Wales)
WATER STREET PROPCO INVESTMENT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Water Street Propco Investment Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 6 Duke Street, St James's, London, SW1Y 6BN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration receivable following the sale of property that has been duly developed by the company.

1.4
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

WATER STREET PROPCO INVESTMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

WATER STREET PROPCO INVESTMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1
-
0
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 April 2024
-
Additions
1
At 31 March 2025
1
Carrying amount
At 31 March 2025
1
At 31 March 2024
-
WATER STREET PROPCO INVESTMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,902,866
-
0
Other debtors
1,861
1
1,904,727
1
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
11,411
-
0
Other creditors
1,200
1,100
12,611
1,100
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary A shares of £1 each
1,552,427
309,996
1,552,427
309,996
Ordinary B shares of £1 each
1,151,729
267,161
1,151,729
267,161
Ordinary C shares of £1 each
1
1
1
1
2,704,157
577,158
2,704,157
577,158

During the year ended 31 March 2025 the company allotted 1,242,431 Ordinary A shares of £1 each and £884,568 Ordinary B shares of £1 each. The allotted Ordinary A shares of £1 each and the allotted Ordinary B shares of £1 each are fully paid. The allotted Ordinary C shares of £1 each are not fully paid.

2025-03-31 2024-04-01 false false false 30 June 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr T S Barlow Mr M T Keeley Mr R G Sloss Ms G Geaves 14133345 2024-04-01 2025-03-31 14133345 2025-03-31 14133345 2024-03-31 14133345 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 14133345 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14133345 core:WithinOneYear 2025-03-31 14133345 core:WithinOneYear 2024-03-31 14133345 core:CurrentFinancialInstruments 2025-03-31 14133345 core:CurrentFinancialInstruments 2024-03-31 14133345 core:ShareCapital 2025-03-31 14133345 core:ShareCapital 2024-03-31 14133345 core:RetainedEarningsAccumulatedLosses 2025-03-31 14133345 core:RetainedEarningsAccumulatedLosses 2024-03-31 14133345 core:ShareCapitalOrdinaryShareClass1 2025-03-31 14133345 core:ShareCapitalOrdinaryShareClass1 2024-03-31 14133345 core:ShareCapitalOrdinaryShareClass2 2025-03-31 14133345 core:ShareCapitalOrdinaryShareClass2 2024-03-31 14133345 core:ShareCapitalOrdinaryShareClass3 2025-03-31 14133345 core:ShareCapitalOrdinaryShareClass3 2024-03-31 14133345 core:ShareCapitalOrdinaryShares 2025-03-31 14133345 core:ShareCapitalOrdinaryShares 2024-03-31 14133345 bus:Director1 2024-04-01 2025-03-31 14133345 2023-04-01 2024-03-31 14133345 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 14133345 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 14133345 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 14133345 bus:OrdinaryShareClass1 2025-03-31 14133345 bus:OrdinaryShareClass1 2024-03-31 14133345 bus:OrdinaryShareClass2 2025-03-31 14133345 bus:OrdinaryShareClass2 2024-03-31 14133345 bus:OrdinaryShareClass3 2025-03-31 14133345 bus:OrdinaryShareClass3 2024-03-31 14133345 bus:AllOrdinaryShares 2025-03-31 14133345 bus:AllOrdinaryShares 2024-03-31 14133345 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14133345 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 14133345 bus:FRS102 2024-04-01 2025-03-31 14133345 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 14133345 bus:Director2 2024-04-01 2025-03-31 14133345 bus:Director3 2024-04-01 2025-03-31 14133345 bus:CompanySecretary1 2024-04-01 2025-03-31 14133345 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP