Waterside Investments (Kendal) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09741892 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Waterside Investments (Kendal) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mr A C Peill

Mrs M A A Peill

Mr R A Peill

Mr A R Peill

REGISTERED OFFICE:

Martindale House

Murley Moss Business Park

Oxenholme Rd

Kendal

Cumbria

LA9 7RL

REGISTERED NUMBER:

09741892 (England and Wales)

ACCOUNTANTS:

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

FIXED ASSETS

Investment property

4

1,249,590

CURRENT ASSETS

Debtors

5

516,735

500,848

Cash at bank

2,050

177

518,785

501,025

CREDITORS

Amounts falling due within one year

6

(25,700

)

(34,997

)

NET CURRENT ASSETS

493,085

466,028

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,742,675

1,715,618

CREDITORS

Amounts falling due after more than one
year

7

(571,868

)

(582,993

)

PROVISIONS FOR LIABILITIES

10

(50,619

)

(40,393

)

NET ASSETS

1,120,188

1,092,232

CAPITAL AND RESERVES

Called up share capital

100

Share premium

863,902

Revaluation reserve

188,250

Retained earnings

67,936

39,980

1,120,188

1,092,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

Mr A C Peill - Director

1.	STATUTORY INFORMATION

Waterside Investments (Kendal) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Deferred tax

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 30 September 2025

1,249,590

NET BOOK VALUE

At 30 September 2025

1,249,590

At 30 September 2024

1,249,590

Investment property was valued on an open market basis on 30th September 2025 by the director, Mr A C Peill.

5.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

16,287

18,093

Other debtors

400

6,275

VAT

1,018

33,128

Prepayments

732

792

18,437

58,288

Amounts falling due after more than one year:

Related parties

498,298

442,560

Aggregate amounts

516,735

500,848

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

-

1,020

Deposits held

13,175

Deferred income

6,939

14,948

Accrued expenses

5,586

5,854

25,700

34,997

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans > 1 year

295,562

301,651

Directors' loan accounts

276,306

281,342

571,868

582,993

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

295,562

301,651

Bank loans are secured against the value of one of the properties, 23 Penny Street.

9.	FINANCIAL INSTRUMENTS

Bank loans are measured at cost.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

50,619

40,393

Deferred

tax

£

Balance at 1 October 2024

40,393

Deferred tax on revaluation

Deferred tax on losses

10,226

Balance at 30 September 2025

50,619

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

2025

2024

£

Mr A C Peill

Balance outstanding at start of year

(281,342

)

(148,422

)

Amounts advanced

9,736

149,895

Amounts repaid

(4,700

)

(282,815

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(276,306

)

(281,342

)

12.	RELATED PARTY DISCLOSURES

Peill Properties Ltd

A company in which Mr R Peill and Mr A Peill are directors.

During the financial year the company advanced £71,138 (2024: £38,000) to Peill Properties Ltd, and £15,400 (2024: £0) was repaid.

2025

2024

£

Amount due from related party at the balance sheet date

413,298

357,560

Boyd Peill Properties Ltd

A company in which Mr R A Peill is a shareholder.

During the financial year there was no movement.

2025

2024

£

Amount due from related party at the balance sheet date

85,000

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A and Mrs M Peill.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Waterside Investments (Kendal) Limited for the year ended 30 September 2025 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Waterside Investments (Kendal) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Waterside Investments (Kendal) Limited and state those matters that we have agreed to state to the Board of Directors of Waterside Investments (Kendal) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waterside Investments (Kendal) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Waterside Investments (Kendal) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Waterside Investments (Kendal) Limited. You consider that Waterside Investments (Kendal) 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 financial statements of Waterside Investments (Kendal) 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 financial statements.

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

Date: .............................................