COMPANY REGISTRATION NUMBER:
06429951
|
Waitt Estates (The Borough) Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Waitt Estates (The Borough) Limited |
|
Period from 1 April 2024 to 30 September 2025
|
Statement of financial position |
1 |
|
|
|
Notes to the financial statements |
3 |
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|
Waitt Estates (The Borough) Limited |
|
|
Statement of Financial Position |
|
30 September 2025
|
30 Sep 25 |
31 Mar 24 |
|
Note |
£ |
£ |
£ |
|
|
|
|
Current assets
|
Stock |
– |
|
2,240,000 |
|
Debtors |
5 |
188,003 |
|
10,879 |
|
Cash at bank and in hand |
334 |
|
1,264 |
|
--------- |
|
------------ |
|
188,337 |
|
2,252,143 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
1,241,221 |
|
3,303,905 |
|
------------ |
|
------------ |
|
Net current liabilities |
|
1,052,884 |
1,051,762 |
|
|
------------ |
------------ |
|
Total assets less current liabilities |
|
(
1,052,884) |
(
1,051,762) |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
|
|
|
|
Bank loans and overdrafts |
|
– |
246,015 |
|
|
------------ |
------------ |
|
Net liabilities |
|
(
1,052,884) |
(
1,297,777) |
|
|
------------ |
------------ |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
2 |
2 |
|
Profit and loss account |
|
(
1,052,886) |
(
1,297,779) |
|
|
------------ |
------------ |
|
Shareholders deficit |
|
(
1,052,884) |
(
1,297,777) |
|
|
------------ |
------------ |
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|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Waitt Estates (The Borough) Limited |
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|
Statement of Financial Position (continued) |
|
30 September 2025
These financial statements were approved by the
board of directors
and authorised for issue on
10 June 2026
, and are signed on behalf of the board by:
Company registration number:
06429951
|
Waitt Estates (The Borough) Limited |
|
|
Notes to the Financial Statements |
|
Period from 1 April 2024 to 30 September 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Borrowing costs
Borrowing costs attributable to the acquisition, construction or production of property stock are capitalised in the year in which they are incurred.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable and or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effect interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
1
(2024:
1
).
5.
Debtors
|
30 Sep 25 |
31 Mar 24 |
|
£ |
£ |
|
Other debtors |
188,003 |
10,879 |
|
--------- |
-------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
30 Sep 25 |
31 Mar 24 |
|
£ |
£ |
|
Bank loans and overdrafts |
– |
1,636,532 |
|
Trade creditors |
13,883 |
131,679 |
|
Other creditors |
1,227,338 |
1,535,694 |
|
------------ |
------------ |
|
1,241,221 |
3,303,905 |
|
------------ |
------------ |
|
|
|
The bank loans were secured by a fixed and floating charge on property held in stock.
7.
Related party transactions
At the balance sheet date the company owed £256,000 (2024: £256,000) to a company under common control.
At the balance sheet date the company owed £965,765 (2024: £895,444) to a director.