142 Water Gardens Limited Accounts






142 Water Gardens Limited

	Company No. 11063104
		Information for Filing with The Registrar
		30 November 2025

at	30 November 2025
Company No.		11063104	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		4	20,812	27,750
	Investment property		5	1,300,000	1,800,000

				1,320,812	1,827,750
Current assets

	Debtors		6	1,845	41,751

	Cash at bank and in hand			7,289	7,289
				9,134	49,040
Creditors: Amount falling due within one year			7	(265,326)	(260,472)
Net current liabilities				(256,192)	(211,432)
Total assets less current liabilities				1,064,620	1,616,318
Creditors: Amounts falling due after more than one year			8	(1,075,250)	(1,075,250)
Provisions for liabilities
	Deferred taxation			(35,412)	(121,913)

Net (liabilities)/assets				(46,042)	419,155

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		10	(46,142)	419,055

Total equity				(46,042)	419,155



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 November 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 26 August 2025 and signed on its behalf by:
M. Majid
Director
26 August 2025

for the year ended 30 November 2025

General information

142 Water Gardens Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 11063104

Its registered office is:

Suite G1

Hartsbourne House

Delta Gain

Watford

WD19 5EF

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in Pound Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The company has obtained undertaking from its shareholders that they will continue to support the company for the foreseeable future and meet all third party liabilities as they fall due. Given this undertakings, the directors consider it appropriate to adopt a going concern basis in preparing the financial statements.

Accounting policies

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and the future periods where the revision affects both current and future periods.

Turnover

Turnover represents income receivable from the letting of furnished holiday accommodation and is recognised in the profit and loss account over the period of occupancy. Turnover is stated net of value added tax where applicable.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

25% Reducing balance

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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

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.

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

Investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	1	1

4	Tangible fixed assets
			Plant and machinery	Total
			£	£
		Cost or revaluation
		At 1 December 2024	37,500	37,500




		At 30 November 2025	37,500	37,500
		Depreciation
		At 1 December 2024	9,750	9,750
		Charge for the year	6,938	6,938



		At 30 November 2025	16,688	16,688
		Net book values
		At 30 November 2025	20,812	20,812
		At 30 November 2024	27,750	27,750

5	Investment property
			Investment Property
			£
		Valuation
		At 1 December 2024	1,800,000

		Revaluation	(500,000)

		At 30 November 2025	1,300,000


		The property has been revalued by Savills (UK) Ltd on 10 June 2025 on a market value basis. In the opinion of the director the value is fair estimate of the property.

6	Debtors
			2025	2024
			£	£
		Trade debtors	1,845	-





		Other debtors	-	41,751

			1,845	41,751

7	Creditors:
		amounts falling due within one year
			2025	2024
			£	£




		Trade creditors	2,094	-


		Loans from directors	260,232	241,380
		Other creditors	-	19,092
		Accruals and deferred income	3,000	-
			265,326	260,472

8	Creditors:
		amounts falling due after more than one year
			2025	2024
			£	£

		Bank loans and overdrafts	1,075,250	1,075,250






			1,075,250	1,075,250

Share Capital

The company has fully paid 100 shares of £1.00 each

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.