James Waters Property & Investments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05212223 (England and Wales)

Unaudited Financial Statements For The Year Ended 30th April 2019

for

James Waters Property & Investments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J E Waters

REGISTERED OFFICE:

11 King Street

Kings Lynn

Norfolk

PE30 1ET

REGISTERED NUMBER:

05212223 (England and Wales)

ACCOUNTANTS:

Aston Shaw Limited

11 King Street

King's Lynn

Norfolk

PE30 1ET

FIXED ASSETS

Tangible assets

3

2,641,000

Investments

4

1

2,641,001

CURRENT ASSETS

Debtors

5

21,371

Cash at bank

17,680

39,051

CREDITORS

Amounts falling due within one year

6

604,956

NET CURRENT LIABILITIES

(565,905

)

(565,905

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,075,096

CREDITORS

Amounts falling due after more than one year

7

1,219,787

NET ASSETS

855,309

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

855,308

855,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395
and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31st January 2020 and were signed by:

J E Waters - Director

1.	STATUTORY INFORMATION

James Waters Property & Investments Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income received.

Depreciation

In the opinion of the directors, property is maintained to a high standard through regular repair and refurbishment, such that

the residual value of the property is expected to be sufficiently high to make any depreciation charge unnecessary.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments

Fixed Asset investments are stated at cost.

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1st May 2018

and 30th April 2019

2,641,000

NET BOOK VALUE

At 30th April 2019

2,641,000

At 30th April 2018

2,641,000

Cost or valuation at 30th April 2019 is represented by:

Land and

buildings

£

Valuation in 2018

2,641,000

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st May 2018

and 30th April 2019

1

NET BOOK VALUE

At 30th April 2019

1

At 30th April 2018

1

The company owns 100% of the share capital of James Waters Limited, a company incorporated in England. The

investment is shown at cost.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/19

30/4/18

£

Related party

20,000

Other debtors

1,371

21,371

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/19

30/4/18

£

Bank loans and overdrafts

48,445

Related party

155,094

Taxation and social security

6,755

Other creditors

394,662

604,956

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/4/19

30/4/18

£

Bank loans

1,219,787

8.	SECURED DEBTS

The following secured debts are included within creditors:

30/4/19

30/4/18

£

Bank loans

1,268,232

Bank borrowings as shown above are secured by a fixed charge over the investment properties.

9.	RELATED PARTY DISCLOSURES

J E Waters

The above named director is also a director of James Waters Limited. At 30 April 2019 the company owed James Waters

Limited £155094 (2018 - £155094).

J E Waters is also a director of Cristal Investments Limited. At 30 April 2019 the company was owed £20000 (2018 -

£20000) by Cristal Investments Limited.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J E Waters.

James Waters Property & Investments Ltd - Accounts to registrar (filleted) - small 18.2

James Waters Property & Investments Ltd - Accounts to registrar (filleted) - small 18.2