WATERWISE LIMITED

Company Registration Number:
03222039 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

WATERWISE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

WATERWISE LIMITED

Balance sheet

As at 31 March 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 4,174,000 4,174,000
Total fixed assets: 4,174,000 4,174,000
Current assets
Debtors:   135,887 64,517
Cash at bank and in hand: 15,553 72,375
Total current assets: 151,440 136,892
Creditors: amounts falling due within one year:   (176,874) (280,250)
Net current assets (liabilities): (25,434) (143,358)
Total assets less current liabilities: 4,148,566 4,030,642
Creditors: amounts falling due after more than one year:   0 (87,148)
Provision for liabilities: (152,000) (152,000)
Total net assets (liabilities): 3,996,566 3,791,494
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:42,382,1022,382,102
Profit and loss account: 1,614,364 1,409,292
Shareholders funds: 3,996,566 3,791,494

The notes form part of these financial statements

WATERWISE LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 December 2025
and signed on behalf of the board by:

Name: Mr G Killoughery
Status: Director

The notes form part of these financial statements

WATERWISE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided in order to write off each asset over its estimated useful life, or, if held under a finance lease, over the lease term, whichever is shorter. Freehold property is valued at cost or valuation.

Other accounting policies

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 recofnised in other comprehensive income or directly in equity. Current or deferrd taxation assets are not discounted. Current tax is recognised as the tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date. Timing difference arise from the inclusion of income and expense in tax assessments in period 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 deferred tax liabilities or other future taxable profits.

WATERWISE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 0 0

WATERWISE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible Assets

Total
Cost £
At 01 April 2024 4,174,000
At 31 March 2025 4,174,000
Net book value
At 31 March 2025 4,174,000
At 31 March 2024 4,174,000

WATERWISE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Revaluation reserve

2025
£
Balance at 01 April 2024 2,382,102
Surplus or deficit after revaluation 0
Balance at 31 March 2025 2,382,102

WATERWISE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Related party transactions

Name of the related party: George Killoughery Limited
Relationship:
Connected company
Description of the Transaction: Included in turnover is a value of sales for £480,000 from George Killoughery Limited (2924 £480,000)
£
Balance at 01 April 2024 0
Balance at 31 March 2025 0
Name of the related party: George Killoughery Limited
Relationship:
Connected company
Description of the Transaction: Included in purchases are transactions to the value of £55,725 (2024 £29,445)
£
Balance at 01 April 2024 0
Balance at 31 March 2025 0
Name of the related party: G. J. Killoughery Limited
Relationship:
Connected company
Description of the Transaction: Included in expenses are transactions to the value of £3,000 (2024 £3,600).
£
Balance at 01 April 2024 0
Balance at 31 March 2025 0
Name of the related party: Tearman Limited
Relationship:
Parent Company
Description of the Transaction: Waterwise borrows and lends money to Tearman Limited, and will pay or receive interest depending on that balance. At the 31 March 2025 this balance was included in the debtor balance, whereas at the 2024 year end this was included in Long Term Creditors.
£
Balance at 01 April 2024 87,148
Balance at 31 March 2025 36,648