Waterside D1 Limited - Accounts to registrar (filleted) - small 18.2

Waterside D1 Limited - Accounts to registrar (filleted) - small 18.2

WATERSIDE D1 LIMITED - Company Information

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REGISTERED NUMBER: 08593061 (England and Wales)














Financial Statements for the Year Ended 31 July 2020

for

Waterside D1 Limited
Waterside D1 Limited (Registered number: 08593061)






Contents of the Financial Statements
for the Year Ended 31 July 2020




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Waterside D1 Limited


Company Information
for the Year Ended 31 July 2020







DIRECTORS: Mr S Goldstone
Mr S Brody
Mr S Sheridan





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 08593061 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY
Page 1
Waterside D1 Limited (Registered number: 08593061)


Statement of Financial Position
31 July 2020

31.7.20 31.7.19
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 450,000 450,000

CURRENT ASSETS
Debtors 5 56,540 53,540
Cash at bank and in hand 188 14,671
56,728 68,211
CREDITORS
Amounts falling due within one year 6 117,249 138,768
NET CURRENT LIABILITIES (60,521 ) (70,557 )
TOTAL ASSETS LESS CURRENT LIABILITIES 389,479 379,443

CAPITAL AND RESERVES
Called up share capital 120 120
Revaluation reserve 7 189,582 189,582
Retained earnings 199,777 189,741
SHAREHOLDERS' FUNDS 389,479 379,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
Waterside D1 Limited (Registered number: 08593061)


Statement of Financial Position - continued
31 July 2020


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 Board of Directors and authorised for issue on 29 April 2021 and were signed on its behalf by:




Mr S Goldstone - Director Mr S Brody - Director




Mr S Sheridan - Director


The notes form part of these financial statements

Page 3
Waterside D1 Limited (Registered number: 08593061)


Notes to the Financial Statements
for the Year Ended 31 July 2020

1. STATUTORY INFORMATION

Waterside D1 Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern without material uncertainties
Management has considered the consequences of COVID-19 and other events and conditions, and it has determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.

The impact of COVID-19 on future performance and therefore on the measurement of some assets and liabilities or on liquidity might be significant and might therefore require disclosure in the financial statements, but management has determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

Page 4 continued...
Waterside D1 Limited (Registered number: 08593061)


Notes to the Financial Statements - continued
for the Year Ended 31 July 2020

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2019
and 31 July 2020 450,000
NET BOOK VALUE
At 31 July 2020 450,000
At 31 July 2019 450,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.20 31.7.19
£    £   
Trade debtors 3,000 -
Amounts owed by associates 53,540 53,540
56,540 53,540

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.20 31.7.19
£    £   
Trade creditors - 1
Amounts owed to associates 90,076 114,476
Taxation and social security 9,675 7,416
Other creditors 17,498 16,875
117,249 138,768

7. RESERVES
Revaluation
reserve
£   
At 1 August 2019
and 31 July 2020 189,582

8. RELATED PARTY DISCLOSURES

The Director Mr S Goldstone, Mr S Brody and Mr S Sheridan are considered to be the key management personnel.

Page 5
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Waterside D1 Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Waterside D1 Limited for the year ended 31 July 2020 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Waterside D1 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Waterside D1 Limited and state those matters that we have agreed to state to the Board of Directors of Waterside D1 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waterside D1 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Waterside D1 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Waterside D1 Limited. You consider that Waterside D1 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Waterside D1 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY


Date: .............................................

This page does not form part of the statutory financial statements

Page 6