1.
General Information
Waterperry Gardens Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
02233285
. The registered office is Waterperry Horticultural Centre Waterperry Gardens, Waterperry, Wheatley, Oxfordshire, OX33 1JZ.
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:
| Improvements to Leasehold |
|
| Plant & Equipment |
|
| Motor Vehicles |
|
| Fixtures & Fittings |
|
| Computer Equipment |
|
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.
2.5.
Taxation
2.5.
Taxation - continued
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
Waterperry Gardens Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
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.
2.6.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. There were unpaid contributions due to the fund at the year end in the sum of £491 (2024: £2,102).
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 71 (2024: 67)
4.
Tangible Assets
| Land & Property | ||||
|---|---|---|---|---|
| Improvements to Leasehold | Plant & Equipment | Motor Vehicles | Fixtures & Fittings | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 January 2025 |
|
|
|
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| Additions |
|
|
|
|
| As at 31 December 2025 |
|
|
|
|
| Depreciation | ||||
| As at 1 January 2025 |
|
|
|
|
| Provided during the period |
|
|
|
|
| As at 31 December 2025 |
|
|
|
|
| Net Book Value | ||||
| As at 31 December 2025 |
|
|
|
|
| As at 1 January 2025 |
|
|
|
|
| Computer Equipment | Total | |
|---|---|---|
| £ | £ | |
| Cost | ||
| As at 1 January 2025 |
|
|
| Additions |
|
|
| As at 31 December 2025 |
|
|
| Depreciation | ||
| As at 1 January 2025 |
|
|
| Provided during the period |
|
|
| As at 31 December 2025 |
|
|
...CONTINUED
Waterperry Gardens Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
| Net Book Value | ||
| As at 31 December 2025 |
|
|
| As at 1 January 2025 |
|
|
5.
Stocks
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
|
|
|
6.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Prepayments and accrued income |
|
|
|
| Amounts owed by parent charity |
|
|
|
|
|
|
||
|
2025
|
2024
|
||
|
£
|
£
|
||
|
Amounts due in more than one year included in the above:
|
9,368
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
18,736
|
Debtors due after more than one year comprise prepaid expenditure on brown motorway tourist signs. This expenditure is being charged to the profit and loss account in annual instalments ending in 2027.
7.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Other creditors | 122,418 | 106,626 | |
| Taxation and social security |
|
|
|
|
|
|
||
8.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Long term loan from parent charity |
|
|
|
Waterperry Gardens Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
9.
Provisions for Liabilities
| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 1 January 2025 |
|
8,800 |
| Current year movement |
( |
( |
| Balance at 31 December 2025 |
|
4,500 |
11.
Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Not later than one year |
|
|
|
| Later than one year and not later than five years |
|
|
|
|
|
|
||
These amounts are in respect of premises rent, payable to The Fellowship of the School of Economic Science (the parent charity). The rent is charged on a market value basis.
12.
Reserves
| Share Premium | Profit and Loss Account | |
|---|---|---|
| £ | £ | |
| As at 1 January 2025 |
|
|
| Profit for the year and total comprehensive income | - |
|
| Gift Aid donation to parent registered charity | - | (23,130) |
| As at 31 December 2025 |
|
|
13.
Post Balance Sheet Events
Since the year end the company has made a gift aid payment of £49,000 to the company's parent charity, The Fellowship of the School of Economic Science - charity number 313115.
14.
FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
15.
Ultimate Controlling Party
The ultimate controlling entity ("the parent charity") is The Fellowship of the School of Economic Science, which is a registered charity - registration number 313115. The address of the parent charity is 11 Mandeville Place, London, W1U 3AJ.
Waterperry Gardens Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
16.
Audit Information
The auditor's report on the accounts of
Waterperry Gardens Limited
for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by
Mrs Heather C. Fanthome FCA
(Senior Statutory Auditor)
for and on behalf of
King Loose & Co
, Statutory Auditor.