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Registration number: 06591931

Waterloo Road Property Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 28 February 2025

Waterloo Road Property Limited

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Balance Sheet | 5 to 6
Statement of Changes in Equity | 7
Notes to the Unaudited Financial Statements | 8 to 12

Waterloo Road Property Limited

Company Information

Directors | Dr Isak Jacobus Olivier Mr Isak Jacobus Olivier Mr Johannes Olivier

Registered office | 2 Bisham House Woodside Gardens Marlow Buckinghamshire SL7 1FQ

Accountants | Andrew J Fraser Chartered Acccountant 2 Bisham House Woodside Gardens Marlow Buckinghamshire SL7 1FQ

Waterloo Road Property Limited

Directors' Report for the Year Ended 28 February 2025

The directors present their report and the financial statements for the year ended 28 February 2025.

Directors of the company

The directors who held office during the year were as follows:

Dr Isak Jacobus Olivier

Mr Isak Jacobus Olivier

Mr Johannes Olivier

Principal activity

The principal activity of the company is property letting services

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 12 August 2025 and signed on its behalf by:

......................................... Dr Isak Jacobus Olivier Director | ......................................... Mr Isak Jacobus Olivier Director | ......................................... Mr Johannes Olivier Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Waterloo Road Property Limited
for the Year Ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Waterloo Road Property Limited for the year ended 28 February 2025 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Waterloo Road Property Limited, as a body, in accordance with the terms of our engagement letter dated 26 November 2024. Our work has been undertaken solely to prepare for your approval the accounts of Waterloo Road Property Limited and state those matters that we have agreed to state to the Board of Directors of Waterloo Road Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waterloo Road Property Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Waterloo Road Property Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Waterloo Road Property Limited. You consider that Waterloo Road Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Waterloo Road Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Andrew J Fraser
Chartered Acccountant
2 Bisham House
Woodside Gardens
Marlow
Buckinghamshire
SL7 1FQ

12 August 2025

Waterloo Road Property Limited

Profit and Loss Account for the Year Ended 28 February 2025

| Note | 2025 £ | 2024 £
Turnover |  | 43,151 | 44,751
Gross profit |  | 43,151 | 44,751
Administrative expenses |  | (31,177) | (18,257)
Other operating income |  | 12,641 | 6
Operating profit |  | 24,615 | 26,500
Other interest receivable and similar income |  | - | 18,659
Amounts written off investments |  | - | (7,660)
|  | - | 10,999
Profit before tax |  | 24,615 | 37,499
Tax on profit |  | (4,677) | (7,560)
Profit for the financial year |  | 19,938 | 29,939

The above results were derived from continuing operations.

Waterloo Road Property Limited

(Registration number: 06591931)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 966,614 | 966,614
Other financial assets | 5 | 570 | -
|  | 967,184 | 966,614
Current assets |  |  |
Debtors | 6 | 111,025 | -
Cash at bank and in hand |  | 28,536 | 182,914
|  | 139,561 | 182,914
Creditors: Amounts falling due within one year | 7 | (9,216) | (20,542)
Net current assets |  | 130,345 | 162,372
Total assets less current liabilities |  | 1,097,529 | 1,128,986
Creditors: Amounts falling due after more than one year | 7 | (777,046) | (828,441)
Provisions for liabilities |  | (19,220) | (19,220)
Net assets |  | 301,263 | 281,325
Capital and reserves |  |  |
Called up share capital | 8 | 2 | 2
Revaluation reserve |  | 66,821 | 66,821
Retained earnings |  | 234,440 | 214,502
Shareholders' funds |  | 301,263 | 281,325

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 12 August 2025 and signed on its behalf by:

Waterloo Road Property Limited

(Registration number: 06591931)
Balance Sheet as at 28 February 2025

......................................... Dr Isak Jacobus Olivier Director | ......................................... Mr Isak Jacobus Olivier Director | ......................................... Mr Johannes Olivier Director

Waterloo Road Property Limited

Statement of Changes in Equity for the Year Ended 28 February 2025

| Share capital £ | Revaluation reserve £ | Retained earnings £ | Total £
At 1 March 2024 | 2 | 66,821 | 214,502 | 281,325
Profit for the year | - | - | 19,938 | 19,938
At 28 February 2025 | 2 | 66,821 | 234,440 | 301,263

| Share capital £ | Revaluation reserve £ | Retained earnings £ | Total £
At 1 March 2023 | 2 | 66,821 | 184,563 | 251,386
Profit for the year | - | - | 29,939 | 29,939
At 29 February 2024 | 2 | 66,821 | 214,502 | 281,325

Waterloo Road Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Bisham House
Woodside Gardens
Marlow
Buckinghamshire
SL7 1FQ
England

These financial statements were authorised for issue by the Board on 12 August 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Waterloo Road Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Waterloo Road Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4 | Tangible assets

| Land and buildings £ | Total £
Cost or valuation
At 1 March 2024 | 966,614 | 966,614
At 28 February 2025 | 966,614 | 966,614
Depreciation
Carrying amount
At 28 February 2025 | 966,614 | 966,614
At 29 February 2024 | 966,614 | 966,614

Included within the net book value of land and buildings above is £966,614 (2024 - £966,614) in respect of freehold land and buildings.

Waterloo Road Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5 | Other financial assets (current and non-current)

| Financial assets at cost less impairment £ | Total £
Non-current financial assets
Cost or valuation
Additions | 570 | 570
At 28 February 2025 | 570 | 570
Impairment
Carrying amount
At 28 February 2025 | 570 | 570

6 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 111,025 | -
| 111,025 | -

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 4,597 | 3,897
Accruals and deferred income | 1,750 | 1,250
Other creditors | 2,869 | 15,395
| 9,216 | 20,542

Waterloo Road Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 322,823 | 374,223
Other non-current financial liabilities |  | 454,223 | 454,218
|  | 777,046 | 828,441

The"Other non-current financial liabilities" comprise a loan from a related party, Mrs. P C Olivier.
It is unsecured, interest free and has no fixed repayment terms.

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 2 | 2 | 2 | 2

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 322,823 | 374,223

Other borrowings, consists of a loan from a shareholder, Mr I J Olivier.
This loan is unsecured, interest free and has no fixed repayment terms