Drywater Developments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03874054

Drywater Developments Limited

Filleted Unaudited Financial Statements

8 May 2025

Drywater Developments Limited

Statement of Financial Position

8 May 2025

	2025		2024
			(restated)
Note	£	£	£

Current assets

Stocks		1,788,651	2,174,318
Debtors	4	1,019,368	1,024,259
Cash at bank and in hand		9,424	846
		------------	------------
		2,817,443	3,199,423

Creditors: amounts falling due within one year	5	1,723,315		1,486,025
		------------		------------
Net current assets			1,094,128	1,713,398
			------------	------------
Total assets less current liabilities			1,094,128	1,713,398

Creditors: amounts falling due after more than one year	6	1,470,905	1,902,167
		------------	------------
Net liabilities		( 376,777)	( 188,769)
		------------	------------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	( 377,777)	( 189,769)
	---------	---------
Shareholders deficit	( 376,777)	( 188,769)
	---------	---------

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 year ending 8 May 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Drywater Developments Limited

Statement of Financial Position (continued)

8 May 2025

These financial statements were approved by the board of directors and authorised for issue on 27 April 2026 , and are signed on behalf of the board by:

H D Smith Esq

Director

Company registration number: 03874054

Drywater Developments Limited

Notes to the Financial Statements

Year ended 8 May 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 1a The Anchorage, Gosport, Hampshire, PO12 1LY.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

4. Debtors

	2025	2024
		(restated)
	£	£
Trade debtors	242,000	242,000
Other debtors	777,368	782,259
	------------	------------
	1,019,368	1,024,259
	------------	------------

The sum due from S House Esq of £240,000 towards the property sale has been reflected as trade debtor in the accounts. S House Esq is a son of the director J P House Esq.

5. Creditors: amounts falling due within one year

	2025	2024
		(restated)
	£	£
Bank loans and overdrafts	9,901	9,510
Trade creditors	14,520	22,121
Social security and other taxes	4,741	–
Other creditors	1,694,153	1,454,394
	------------	------------
	1,723,315	1,486,025
	------------	------------

6. Creditors: amounts falling due after more than one year

	2025	2024
		(restated)
	£	£
Bank loans and overdrafts	850,013	1,281,275
Other creditors	620,892	620,892
	------------	------------
	1,470,905	1,902,167
	------------	------------

7. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
H D Smith Esq	( 1,063,379)	( 96,674)	( 1,160,053)
	------------	--------	------------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
H D Smith Esq	( 903,986)	( 159,393)	( 1,063,379)
	---------	---------	------------