REGISTERED NUMBER: 04616454 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Waterson's Independent Estate

Agents (HALE) Ltd

Trading as

Waterson's Independent Estate

Agents (HALE) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Waterson

Mrs D Molloy

D Cash

SECRETARY:

D Fox

REGISTERED OFFICE:

212 Ashley Road

Hale

Altrincham

WA15 9SN

REGISTERED NUMBER:

04616454 (England and Wales)

FIXED ASSETS

Tangible assets

4

43,929

51,495

Investments

5

1

1

43,930

51,496

CURRENT ASSETS

Debtors

6

217,600

186,737

Cash at bank and in hand

78,385

93,578

295,985

280,315

CREDITORS

Amounts falling due within one year

7

305,041

322,887

NET CURRENT LIABILITIES

(9,056

)

(42,572

)

TOTAL ASSETS LESS CURRENT LIABILITIES

34,874

8,924

CREDITORS

Amounts falling due after more than one year

8

11,034

11,115

NET ASSETS/(LIABILITIES)

23,840

(2,191

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

23,839

(2,192

)

SHAREHOLDERS' FUNDS

23,840

(2,191

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 24 July 2025 and were signed on its behalf by:

P Waterson - Director

1.	STATUTORY INFORMATION

Waterson's Independent Estate Agents (HALE) Ltd 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.

Turnover

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

5% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 22 ).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

76,138

82,539

60,016

17,037

235,730

DEPRECIATION

At 1 April 2024

49,603

70,107

47,731

16,794

184,235

Charge for year

1,326

3,108

3,071

61

7,566

At 31 March 2025

50,929

73,215

50,802

16,855

191,801

NET BOOK VALUE

At 31 March 2025

25,209

9,324

9,214

182

43,929

At 31 March 2024

26,535

12,432

12,285

243

51,495

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Watersons Independent Estate Agents (Sale) Ltd

Registered office: 212 Ashley Road, Hale, Altrincham. WA15 9SN

Nature of business: Estate Agent

%

Class of shares:

holding

Ordinary

100.00

31.3.25

31.3.24

£

£

Aggregate capital and reserves

-

(162,692

)

Loss for the year

-

(96,668

)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

72,623

57,185

Amounts owed by group undertakings

131,949

90,949

Other debtors

13,028

38,603

217,600

186,737

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

51,000

65,702

Hire purchase contracts

81

81

Trade creditors

49,420

35,553

Taxation and social security

194,222

206,354

Other creditors

10,318

15,197

305,041

322,887

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

11,034

11,115

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank overdrafts

26,000

22,829

Bank loans

25,000

42,873

Hire purchase contracts

11,115

11,196

62,115

76,898

The bank loan and overdraft are secured by a fixed and floating charge over the company assets.

The director has given a personal guarantee limited to £100,000.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

P Waterson

Balance outstanding at start of year

38,603

-

Amounts advanced

-

38,603

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

38,603

Interest is charged on the director's loan at market rates.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is P Waterson.