Registration number: 08755784

Waterfront Business Centre Limited

(Registration number: 08755784)

Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	3	1,400,000	1,400,000
Current assets
Debtors	4	284,635	255,045
Cash at bank and in hand		5,806	2,416
		290,441	257,461
Creditors: Amounts falling due within one year	5	(93,420)	(62,183)
Net current assets		197,021	195,278
Total assets less current liabilities		1,597,021	1,595,278
Creditors: Amounts falling due after more than one year	5	(748,095)	(751,088)
Provisions for liabilities		(200,442)	(200,442)
Net assets		648,484	643,748
Capital and reserves
Called up share capital		2	2
Fair value reserve		495,212	495,212
Retained earnings		153,270	148,534
Shareholders' funds		648,484	643,748

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 9 June 2026 and signed on its behalf by:
 

.........................................

G Beech

Director

Waterfront Business Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	Accounting policies

Statutory information

Waterfront Business Centre Limited is a private company, limited by shares, domiciled in England and Wales, company number 08755784. The registered office is at Agility House, Rose Lane, Mansfield Woodhouse, Nottinghamshire, NG19 8BA.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the income arising from property lettings. Revenue is recognised on a straight line basis over the lease term.

Tax

The tax expense for the perod comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Waterfront Business Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

1	Accounting policies (continued)

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

3	Investment property

	Fair value £
Valuation
At 1 October 2024	1,400,000
At 30 September 2025	1,400,000

The investment property class of fixed assets were revalued by the directors on 30 September 2025. The basis of this valuation was existing use basis. This class of assets has a historical cost of £704,346 (2024: £704,346).

4

Debtors

	2025 £	2024 £
Trade debtors	8,701	1,244
Amounts due from related undertakings	275,934	253,801
	284,635	255,045

Waterfront Business Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

5

Creditors

	2025 £	2024 £
Due within one year
Bank loans	2,993	2,900
Trade creditors	3,190	3,010
Amounts owed to related undertakings	550	550
Directors' loan account	59,596	37,296
Taxation and social security	2,556	2,052
Accruals and deferred income	24,535	16,375
	93,420	62,183