Water End Properties Limited - Accounts to registrar (filleted) - small 18.2

Water End Properties Limited - Accounts to registrar (filleted) - small 18.2

WATER END PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 03632469 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

WATER END PROPERTIES LIMITED
WATER END PROPERTIES LIMITED (REGISTERED NUMBER: 03632469)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WATER END PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: S D Smith
J M Streule





SECRETARY: J M Streule





REGISTERED OFFICE: Water End Farm
Water End
Eversholt
Milton Keynes
MK17 9EA





REGISTERED NUMBER: 03632469 (England and Wales)





ACCOUNTANTS: 80K Limited
59a Day's Lane
Biddenham
Bedford
Bedfordshire
MK40 4AE
Page 1
WATER END PROPERTIES LIMITED (REGISTERED NUMBER: 03632469)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 4 549 652
Investments 5 2,860,000 2,361,657
2,860,549 2,362,309

CURRENT ASSETS
Work in progress 26,400 26,400
Debtors 6 21,607 4,688
Cash at bank 44,437 61,645
92,444 92,733
CREDITORS
Amounts falling due within one year 7 (255,366 ) (390,363 )
NET CURRENT LIABILITIES (162,922 ) (297,630 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,697,627
2,064,679

PROVISIONS FOR LIABILITIES (153,769 ) (153,769 )
NET ASSETS 2,543,858 1,910,910

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,543,758 1,910,810
SHAREHOLDERS' FUNDS 2,543,858 1,910,910

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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...
WATER END PROPERTIES LIMITED (REGISTERED NUMBER: 03632469)

BALANCE SHEET - continued
31 DECEMBER 2021


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 September 2022 and were signed on its behalf by:





J M Streule - Director


The notes form part of these financial statements

Page 3
WATER END PROPERTIES LIMITED (REGISTERED NUMBER: 03632469)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Water End Properties 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

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
Investment property is stated at market value, based on directors' valuation. Investment in subsidiary is stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

Page 4 continued...
WATER END PROPERTIES LIMITED (REGISTERED NUMBER: 03632469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 37,552
DEPRECIATION
At 1 January 2021 36,900
Charge for year 103
At 31 December 2021 37,003
NET BOOK VALUE
At 31 December 2021 549
At 31 December 2020 652

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2021 2,361,657
Revaluations 498,343
At 31 December 2021 2,860,000
NET BOOK VALUE
At 31 December 2021 2,860,000
At 31 December 2020 2,361,657

Cost or valuation at 31 December 2021 is represented by:

Other
investments
£   
Valuation in 2005 767,478
Valuation in 2006 41,836
Valuation in 2021 498,343
Cost 1,552,343
2,860,000

Page 5 continued...
WATER END PROPERTIES LIMITED (REGISTERED NUMBER: 03632469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

5. FIXED ASSET INVESTMENTS - continued

If property held for rental had not been revalued it would have been included at the following historical cost:

2021 2020
£    £   
Cost 1,552,343 1,552,343

Property held for rental was valued on an open market basis on 31 December 2021 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 18,153 1,395
Other debtors 100 100
Prepayments and accrued income 3,354 3,193
21,607 4,688

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 9,757 -
Corporation tax 33,915 20,630
VAT 10,266 10,677
Other creditors 7,000 -
Directors' current accounts 143,463 313,463
Accruals and deferred income 50,965 45,593
255,366 390,363

Page 6