Youlgrave Waterworks Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03156766

Youlgrave Waterworks Limited

Company Limited by Guarantee

Filleted Financial Statements

31 March 2026

Youlgrave Waterworks Limited

Company Limited by Guarantee

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	5	71,520	66,285

Current assets

Debtors	6	28,044	30,676
Cash at bank and in hand		55,358	50,543
		-------	-------
		83,402	81,219

Creditors: amounts falling due within one year	7	15,318	2,700
		-------	-------
Net current assets		68,084	78,519
		---------	---------
Total assets less current liabilities		139,604	144,804
		---------	---------
Net assets		139,604	144,804
		---------	---------

Capital and reserves

Sinking Fund	139,604	144,804
	---------	---------
Members funds	139,604	144,804
	---------	---------

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 income statement has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 20 July 2026 , and are signed on behalf of the board by:

MG Ashforth
Director

Company registration number: 03156766

Youlgrave Waterworks Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Youlgrave Garage, Alport Lane, Youlgrave, Bakewell, DE45 1WN.

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

(i) 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.

(ii) 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.

(iii) Revenue recognition

Turnover represents the transfer from the sinking fund to match the expenditure in the year.

(iv) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

(v) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant, equipment and pipelines	-	10% straight line

(vi) Impairment of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Company limited by guarantee

Every member of the Company undertakes to contribute such an amount as may be required, but not exceeding £1, to the Company's assets if it should be wound up while he/she is a member, or within one year after he/she ceases to be a member of the Company, for payment of the Company's debts and liabilities contracted before he/she ceases to be a member and of the costs, charges and expenses of the winding up and for the adjustment of the rights of the contributories among themselves.

5. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 1 April 2025	197,450	197,450
Additions	19,479	19,479
	---------	---------
At 31 March 2026	216,929	216,929
	---------	---------
Depreciation
At 1 April 2025	131,165	131,165
Charge for the year	14,244	14,244
	---------	---------
At 31 March 2026	145,409	145,409
	---------	---------
Carrying amount
At 31 March 2026	71,520	71,520
	---------	---------
At 31 March 2025	66,285	66,285
	---------	---------

All of the assets above were acquired subsequent to incorporation in 1996. The company also owns the following assets:- Water pump station and contents thereof at Youlgrave. Water storage tank near Bleakley Spring. Water storage tank at Moor Lane. Buildings at The Pinfold. There is no value placed on these assets on the face of the balance sheet as these were formerly assets of the unincorporated body known as Youlgrave Waterworks where it was not necessary to prepare a balance sheet.

6. Debtors

	2026	2025
	£	£
Trade debtors	2,867	3,089
Other debtors	25,177	27,587
	-------	-------
	28,044	30,676
	-------	-------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Other creditors	15,318	2,700
	-------	------

8. Operating leases

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

	2026	2025
	£	£
Later than 5 years	156,845	168,455
	---------	---------

9. Summary audit opinion

The auditor's report dated 20 July 2026 was unqualified .

The senior statutory auditor was Stephen Allen ACA FCCA , for and on behalf of Allen, West and Foster Limited .

10. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard 102 Section 1A.

11. Going concern

The directors report that for the year under review expenditure remained at the level that was anticipated and this has created a deficit to be transferred to the Sinking Fund for the year under review of £5,200 (2025: surplus of £17,352). The Sinking Fund now stands at £139,604 (2025: £144,804). The directors are generally satisfied with the result for the year.

There was an increase in the water rate payable for 2025/2026 to £273.00 compared to the prior year of £259.00. An increase to £287.00 from £273.00 is to be implemented in the 2026/2027 financial year. The directors believe that this will be sufficient to enable them to address all of the known issues that they face and, accordingly, they have continued to adopt the going concern basis of accounting in preparing these financial statements.