Watermark P.H.S. Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 02418687

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		57,435		63,716

			57,435		63,716
CURRENT ASSETS
Stocks	5	24,699		11,547
Debtors	6	91,323		132,921
Cash at bank and in hand		110,984		265,584

		227,006		410,052
Creditors: Amounts Falling Due Within One Year	7	(273,936 )		(420,908 )

NET CURRENT ASSETS (LIABILITIES)			(46,930 )		(10,856 )

TOTAL ASSETS LESS CURRENT LIABILITIES			10,505		52,860

Creditors: Amounts Falling Due After More Than One Year	8		-		(5,834 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(10,402 )		(10,402 )

NET ASSETS			103		36,624

CAPITAL AND RESERVES
Called up share capital	9		104		104
Income Statement			(1 )		36,520

SHAREHOLDERS' FUNDS			103		36,624

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Watermark P.H.S. Limited

Statement of Financial Position (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 Income Statement.

On behalf of the board

D I Farmer

Director

1st July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Watermark P.H.S. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02418687 . The registered office is The Dairy Manor Courtyard, Aston Sandford, Haddenham, Bucks, HP17 8JB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 sale of goods and from the rendering of 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.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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:

Leasehold	10 years straight line
Plant & Machinery	4 years straight line
Motor Vehicles	5 years straight line

2.4. 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.

2.5. Taxation

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

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 years 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Watermark P.H.S. Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 November 2024	48,414	37,807	26,950	105,700	218,871

As at 31 October 2025	48,414	37,807	26,950	105,700	218,871

Depreciation
As at 1 November 2024	30,376	36,368	26,950	61,461	155,155
Provided during the period	4,842	1,439	-	-	6,281

As at 31 October 2025	35,218	37,807	26,950	61,461	161,436

Net Book Value
As at 31 October 2025	13,196	-	-	44,239	57,435

As at 1 November 2024	18,038	1,439	-	44,239	63,716

5. Stocks

	2025	2024
	£	£
Stock	15,268	11,547
Work in progress	9,431	-

	24,699	11,547

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	32,740	69,363
Amounts owed by participating interests	47,087	47,087
Other debtors	11,496	16,471

	91,323	132,921

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Watermark P.H.S. Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	49,931	121,007
Bank loans and overdrafts	5,834	10,000
Other creditors	153,138	215,682
Taxation and social security	65,033	74,219

	273,936	420,908

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

	2025	2024
	£	£
Bank loans	-	5,834

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	104	104

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors: £3,116

	As at 1 November 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2025
	£	£	£	£	£
Mr Daniel Farmer	-	3,116	-	-	3,116

The above loan is unsecured, interest free and repayable on demand.

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