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Registered number: 07950997
Brightwater Management Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Johnston Wood Roach Ltd
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr Duncan Bartlett
Mrs Kathryn Bartlett
Company Number 07950997
Registered Office 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ
Accountants Johnston Wood Roach Ltd
24 Picton House Hussar Court, Westside View
Waterlooville
PO7 7SQ
Page 1
Page 2
Balance Sheet
Registered number: 07950997
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,079 7,642
Investments 5 1 1
13,080 7,643
CURRENT ASSETS
Debtors 6 355,439 398,577
Cash at bank and in hand 75,235 69,933
430,674 468,510
Creditors: Amounts Falling Due Within One Year 7 (33,273 ) (57,032 )
NET CURRENT ASSETS (LIABILITIES) 397,401 411,478
TOTAL ASSETS LESS CURRENT LIABILITIES 410,481 419,121
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,270 ) -
NET ASSETS 407,211 419,121
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 407,111 419,021
SHAREHOLDERS' FUNDS 407,211 419,121
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For the year ending 31 March 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Duncan Bartlett
Director
9 December 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Brightwater Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07950997 . The registered office is 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Acrual results may differ from those amounts.
Management do not consider there to be any significant judgements or estimates used in the preparation of these
financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 25,607 - 2,184 27,791
Additions - 8,000 - 8,000
As at 31 March 2025 25,607 8,000 2,184 35,791
Depreciation
As at 1 April 2024 19,024 - 1,125 20,149
Provided during the period 1,646 200 717 2,563
As at 31 March 2025 20,670 200 1,842 22,712
Net Book Value
As at 31 March 2025 4,937 7,800 342 13,079
As at 1 April 2024 6,583 - 1,059 7,642
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5. Investments
Unlisted
£
Cost
As at 1 April 2024 1
As at 31 March 2025 1
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 1
As at 1 April 2024 1
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 600 -
Other debtors 354,839 398,577
355,439 398,577
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 286 48,237
Bank loans and overdrafts 1 1
Other creditors 25,004 11,556
Taxation and social security 7,982 (2,762 )
33,273 57,032
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 55.00 each 55 55
1 Ordinary A shares of £ 45.00 each 45 45
100 100
9. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Duncan Bartlett 79,391 63,831 (156,597 ) - (13,375 )
The above loan is unsecured, interest free and repayable on demand.
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