Waterhouses Quality Food Market Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 04565653

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		39,602		55,112

			39,602		55,112
CURRENT ASSETS
Stocks	5	11,250		10,750
Debtors	6	1,367		5,858
Cash at bank and in hand		507		507

		13,124		17,115
Creditors: Amounts Falling Due Within One Year	7	(105,209 )		(87,313 )

NET CURRENT ASSETS (LIABILITIES)			(92,085 )		(70,198 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(52,483 )		(15,086 )

Creditors: Amounts Falling Due After More Than One Year	8		-		(3,728 )

NET LIABILITIES			(52,483 )		(18,814 )

CAPITAL AND RESERVES
Called up share capital	11		11		11
Profit and Loss Account			(52,494 )		(18,825 )

SHAREHOLDERS' FUNDS			(52,483)		(18,814)

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Waterhouses Quality Food Market Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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

P Waterhouse Director	J Vickers Director
16 July 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Waterhouses Quality Food Market Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04565653 . The registered office is 4/6 Mellor Road, Cheadle Hulme, Stockport, Manchester, SK8 5AU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentational currency is £ Sterling and all amounts are rounded to the nearest £.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. As the directors will continue to make funds available to the company in future, they believe that the going concern basis is appropriate for 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 provision of food retail services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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:

Freehold	10% on cost
Plant & Machinery	25% on cost
Motor Vehicles	25% on net book value
Fixtures & Fittings	10% on cost

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.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Waterhouses Quality Food Market Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable.

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 year 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.

Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including the director, during the year was as follows: 9 (2024: 7)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 November 2024	32,941	63,542	17,500	33,787	147,770
Additions	-	120	-	-	120
Disposals	-	-	(17,500 )	-	(17,500 )

As at 31 October 2025	32,941	63,662	-	33,787	130,390

Depreciation
As at 1 November 2024	13,007	55,639	10,644	13,368	92,658
Provided during the period	3,295	2,101	-	3,378	8,774
Disposals	-	-	(10,644 )	-	(10,644 )

As at 31 October 2025	16,302	57,740	-	16,746	90,788

Net Book Value
As at 31 October 2025	16,639	5,922	-	17,041	39,602

As at 1 November 2024	19,934	7,903	6,856	20,419	55,112

5. Stocks

	2025	2024
	£	£
Stock	11,250	10,750

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,367	5,858

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Waterhouses Quality Food Market Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	5,237
Trade creditors	13,752	7,323
Bank loans and overdrafts	23,836	15,631
Other creditors	64,786	59,122
Taxation and social security	2,835	-

	105,209	87,313

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	3,728

9. Secured Creditors

Of the creditors the following amounts are secured. The director has personally guaranteed the bank overdraft and the hire purchase is secured over the asset in which it relates to.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	8,965
Bank loans and overdrafts	23,836	15,631

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	5,237
Later than one year and not later than five years	-	3,728

	-	8,965

	-	8,965

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	11	11

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	5,833	-
Later than one year and not later than five years	6,805	-

	12,638	-

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Waterhouses Quality Food Market Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

13. Related Party Transactions

The director made an interest free loan available to the company throughout the period which is repayable on demand. The amount owed by the company at the year end was £61,511 (2024 - £54,528).

The director has given a personal guarantee in respect of the bank overdraft held by the company.

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