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Company Registration No. 04833311 (England and Wales)
Waterfield Lettings Limited Unaudited accounts for the year ended 31 March 2025
Waterfield Lettings Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Waterfield Lettings Limited Company Information for the year ended 31 March 2025
Director
Mr M Conyers
Company Number
04833311 (England and Wales)
Registered Office
Unit 10 Lynher Building Queen Anne Battery Plymouth Devon PL4 0LP United Kingdom
Accountants
Sean Clarke Accountancy 7 Southbrook Road Bovey Tracey Devon TQ13 9YZ
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Waterfield Lettings Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Investment property
4
9,416,174 
7,195,405 
Current assets
Debtors
5
22,301 
82,668 
Cash at bank and in hand
38,308 
113,827 
60,609 
196,495 
Creditors: amounts falling due within one year
6
(2,675,913)
(2,261,631)
Net current liabilities
(2,615,304)
(2,065,136)
Total assets less current liabilities
6,800,870 
5,130,269 
Creditors: amounts falling due after more than one year
7
(2,847,167)
(2,678,866)
Provisions for liabilities
Deferred tax
(754,891)
(473,018)
Net assets
3,198,812 
1,978,385 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,198,712 
1,978,285 
Shareholders' funds
3,198,812 
1,978,385 
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 December 2025 and were signed on its behalf by
Mr M Conyers Director Company Registration No. 04833311
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Waterfield Lettings Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Waterfield Lettings Limited is a private company, limited by shares, registered in England and Wales, registration number 04833311. The registered office is Unit 10 Lynher Building, Queen Anne Battery, Plymouth, Devon, PL4 0LP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2025 
£ 
Fair value at 1 April 2024
7,195,405 
Additions
737,230 
Net gain from fair value adjustments
1,483,539 
At 31 March 2025
9,416,174 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,765 
82,668 
Accrued income and prepayments
16,536 
- 
22,301 
82,668 
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Waterfield Lettings Limited Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
27,475 
48,549 
Amounts owed to group undertakings and other participating interests
2,639,470 
2,197,500 
Taxes and social security
4,924 
14,862 
Other creditors
4,044 
720 
2,675,913 
2,261,631 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
2,847,167 
2,678,866 
8
Transactions with related parties
At the year-end the company owed £2,197,500 to Waterfield Homes Limited (2023: the company owed £1,428,025), a company in which Mr M F Conyers is the sole, director and shareholder.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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