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

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

Water Lane Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Copper Room, Deva City Office Park, Trinity Way, Manchester, M3 7BG.

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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

The director has prepared financial projections and cash flows forecasts and at the time of approving the financial statements the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.true

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.

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, 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.

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, including creditors, bank loans, loans from fellow group companies and preference shares 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 payments 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. Amounts 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.

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.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

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

On 1 October 2007 the company was advanced a commercial mortgage of £2,658,750 by West Bromwich Commercial Limited comprising of a first fixed charge over the legal and beneficial interests in the property known as Whitecroft House, 51 Water Lane, Wilmslow, Cheshire, SK9 5BQ and a floating charge over all the assets of Water Lane Investments Limited and any subsidiary thereof. The term of the loan is 20 years from 1 October 2007 with quarterly only interest repayments. Interest is charged at a fixed rate of 6.23% throughout the term of the loan.

Following the sale of this property on 1 August 2016 another property was substituted in its place. This property is known as Plantation Industrial Estate, Whitelands Road, Ashton-under-Lyne, OL6 6UZ and is owned by Plantation Investments Limited. Loan interest of £165,640 (2024: £165,640) has been recharged from Water Lane Investments Limited to Plantation Investments Limited via an inter-company loan account transfer.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 30 April 2025 and of its profit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

The following amounts were outstanding at the reporting end date:

Amounts due to related parties consists of £Nil (2024: £22) owed to Pinelarch Limited, management charge of £22 in the year and £600 (2024: £Nil) owed to Carrwood Estates Limited, monies received of £600 in the year.

The following amounts were outstanding at the reporting end date:

Amounts due from related parties consists of £Nil (2024: £129,400) owed by Carrwood Estates Limited, monies received of £129,400 in the year, £3,065,754 (2024: £2,898,109) owed by Plantation Investments Limited, monies paid out of £98,625, loan interest recharge of £165,640, management charge of £75,000 and monies received of £171,620 in the year, £160 (2024: £160) owed by St. George Estates Limited, £61,498 (2024: £Nil) owed by Water Lane Investments Limited, management charge of £61,498 and £975 (2024: £975) owed by St. George Estates (Management) Limited.

All balances are inter company transactions with members of the Carrwood Estates Limited group with no specific guarantees or security. There are no bad debts or provisions required.

Mr A. Gradel is a director of all of the above companies and is a shareholder in Carrwood Estates Limited, Pinelarch Limited and St. George Estates Limited.

The ultimate parent undertaking is Carrwood Estates Limited, a company registered in England and Wales.

In the opinion of the director there is no ultimate controlling party.