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Registered number: 14139623
Brightwater Property Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Company Information
Directors Mr Duncan Bartlett
Mrs Kathryn Bartlett
Company Number 14139623
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: 14139623
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 351,259 319,257
351,259 319,257
CURRENT ASSETS
Debtors 5 412 237
Cash at bank and in hand 2,475 -
2,887 237
Creditors: Amounts Falling Due Within One Year 6 (355,651 ) (321,109 )
NET CURRENT ASSETS (LIABILITIES) (352,764 ) (320,872 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,505 ) (1,615 )
NET LIABILITIES (1,505 ) (1,615 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (1,605 ) (1,715 )
SHAREHOLDERS' FUNDS (1,505) (1,615)
For the year ending 31 May 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
21 November 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Brightwater Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14139623 . 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 account 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. Going Concern Disclosure
At the year end the company had net liabilities of £1,505, which has arisen because of the trade losses in the year. The directors confirm that they will continue to support the company for a period of not less than twelve months from the date the accounts are approved, and on this basis the directors consider that it is appropriate to use the going concern basis.
2.3. 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. Actual 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.
2.4. Investment Properties
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.
2.5. 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)
- -
Page 3
Page 4
4. Investment Property
2025
£
Fair Value
As at 1 June 2024 319,257
Additions 32,002
As at 31 May 2025 351,259
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 319,257 319,257
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 412 237
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 284 10,659
Other creditors 355,367 310,450
355,651 321,109
7. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1 Ordinary A shares of £ 55.00 each 55 55
1 Ordinary B shares of £ 45.00 each 45 45
100 100
Page 4