We Are Waterloo Ltd,Ltd - AccountsLtd - Accounts
We Are Waterloo Ltd,Ltd - AccountsLtd - Accounts
| Registered Number:04381162 |
For the year ended 31 March 2022
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 31 March 2022
We Are Waterloo Ltd
Contents Page
| Company Information |
| 1 |
2 to 5
Directors' Report
6
Independent Accountant's Report
7
Income Statement
8
Statement of Financial Position
9 to 12
Notes to the Financial Statements
3
For the year ended 31 March 2022
We Are Waterloo Ltd
Company Information
Directors
04381162
| Registered Number |
| Registered Office |
Accountant
Counterculture Partnership LLP
Unit 115 Ducie House
Ducie Street
Manchester
M1 2JW
Bankers
29 Borough High Street
London
SE1 1LY
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For the year ended 31 March 2022
We Are Waterloo Ltd
Directors' Report
The director presents his report and financial statements for the year ended 31 March 2022.
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For the year ended 31 March 2022
We Are Waterloo Ltd
Directors' Report Continued
| Principal activities |
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For the year ended 31 March 2022
We Are Waterloo Ltd
Directors' Report Continued
| WeAreWaterloo has partnered with Lower Marsh Market Ltd (Company Reg.No. 08239606) ("LMM") and Build Studios Limited (Formerly trading as 'Waterloo Incubator Company Ltd 'Company Reg. No 10054109) ("BSL"). Lower Marsh Market is a not for profit limited by guarantee. Build Studios is a private company limited by guarantee without share capital. WeAreWaterloo has board representation on both of these organisations. Business review In the previous financial year, the BID was voted back in by surrounding and supporting businesses. Therefore, the year from April 2021 - 2022 marked the first year of the BID's current 5-year term. Much like other UK businesses, the BID entered this year amidst the country's final lockdown, due to COVID, which influenced the BID's business planning approach through a cautious and pragmatic lens. Activities of the BID are split up into three separate areas of focus: Celebrate & Promote, Connect & Represent and Enhance the Environment. Here is a summary of each area's activities: Celebrate & Promote: Marketing and Promotion Marketing and Promotional activities slowly returned to pre-COVID levels throughout the year, which included: -Growth of Pow Wow event series which invites unlikely audiences to experience different sides of Waterloo-Launch of Making Space for Women event series, a networking group for females with careers in the built environment -Continuation of an enhanced focus on social media channels, including the launch of TikTok-Creation of a Waterloo Placemaking Strategy with outcomes that include ideas for public realm and identity-based projects-Reviving Miracle on Leake Street, the BID's alternative Christmas Event, in a post-lockdown setting-Running Lower Marsh Lates, a summer event series, in collaboration with the Lower Marsh Market and Morley College/Morley Radio -Re-launch of Views from the 'loo podcast series which featured content from local changemakers -Collaboration with the Mayor's office to install eyes on trees during the winter holidays -Continuation of the BID's He is/She is/They are Waterloo social media series -Consistent LinkedIn posts that showcase BID activities and services -Inclusion in the international Creative Bureaucracy Festival for work on the Waterloo Placemaking Strategy Enhance the Environment: Public Realm Keeping the neighbourhood looking safe and welcoming remains of utmost importance. These services include: Services that continued:- Subsidized waste and recycling- Christmas lights - Tree lighting- Regular security patrol (30 hours a week) Services that expanded:- Neighbourhood cleaning- Maintenance of neighbourhood plants Newly launched services:-Working with councils to implement timed closures on main area thorough fares: Lower Marsh and The Cut -Launching a cargo bike scheme to support business-based deliveries |
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For the year ended 31 March 2022
We Are Waterloo Ltd
Directors' Report Continued
| -Launching Dr. Bike sessions to help resolve bike-related issues-Acquisition of the Mayor's Grow Back Greener Grant to fund improvements on Hercules Road -The creation of a mural on the exterior of a building façade on Lower Marsh -Formation of the Climate Action Group to contribute to the eventual creation of a Climate Action Plan-The creation of new green infrastructure on Blackfriars Road via St. George's Garden Connect and Represent: Member Services The pandemic presented an opportunity for the BID to strengthen B2B services. Here are those that continued and those that were relaunched throughout the 2021-22 year: -Revival of the Christmas gift collection campaign for needs-based organisations in the area -Participation in the Waterloo Station Masterplan Steering and Working Groups to steward change in and around the station-Participation in the Emma Cons Gardens Steering Group to steward a new vision for this central public space -Relaunch lead up for the STAR Card, Waterloo and South Bank's loyalty scheme -Continued partnership with the councils on regular calls and check ins to support businesses -Acquisition of an ERF fund grant from Lambeth Council delegated to the BID to be used to support members-Partnership with local arts organisation, Hart Club, to launch newly enhanced Waterloo Wellbeing series for BID members-Closer collaboration with London South Bank University, including an enhanced focus on better understanding student needs'-Install of a 'Tap to Donate' feature at a local community centre |
Directors
The director who served the company throughout the year was as follows:
Miss Rachel Helen Beach (Resigned on 15 September 2021)
Ms Magdalena Chapman
Mr Patrick Christie (appointed on 15 September 2021)
Mr Michael Johnson (Chair)
Mr Glenn Timothy Kesby
Mr Axel Udo Krueger (Resigned on 15 September 2021)
Mr Alastair Edward Lewis
Ms Felicity Maries
Mr Eddie Nelms (appointed on 15 September 2021)
Miss Sarah Elizabeth Pittaway (appointed on 15 September 2021)
Mr Nicholas James Rampley (Vice chair)
Mr Hugh Desmond Rosen
Mr Camilo Salazar
Miss Elizabeth Sillett
Mr Charles Harold Noel Tyler
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For the year ended 31 March 2022
We Are Waterloo Ltd
Directors' Report Continued
| Mr Michael Johnson (Chair) |
Signed on behalf of the board of directors
| Date: |
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For the year ended 31 March 2022
We Are Waterloo Ltd
Independent Accountant's Report
| As described on the Statement of Financial Position you are responsible for the preparation of the financial |
| statements for the year ended 31 March 2022 and you consider that the company is exempt from an audit under the |
| Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in |
| order to assist you to fulfil your statutory responsibilities, from the accounting records and information and |
| explanations supplied to us. |
Andrew M Wells FMAAT
Counterculture Partnership LLP
Unit 115 Ducie House
Ducie Street
Manchester
M1 2JW
| Date: |
21 September 2022
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For the year ended 31 March 2022
We Are Waterloo Ltd
Income Statement
2021
| £ |
2022
| £ |
| Turnover |
(536,398 )
| Cost of sales |
(652,980 )
Gross profit
| Administrative expenses |
(99,927 )
(110,776 )
Operating profit
(34,800 )
| Other interest receivable and similar income |
| Interest payable and similar charges |
(69 )
(34,426 )
Profit before taxation
Profit for the financial year
(34,426 )
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| Registered Number : |
| As at |
We Are Waterloo Ltd
Statement of Financial Position
| £ |
| £ |
2021
2022
| Notes |
| Fixed assets |
| Property, plant and equipment |
2
| Current assets |
| Trade and other receivables |
3
| Cash and cash equivalents |
| Trade and other payables: amounts falling due within one |
| year |
(197,856 )
(345,730 )
4
288,773
Net current assets
| Total assets less current liabilities |
Net assets
| Capital and reserves |
| Retained earnings |
Members' Funds
| 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 Section |
| 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. |
| Mr Michael Johnson (Chair) |
| These financial statements were approved and authorised for issue by the Board on |
| The notes form part of these financial statements |
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For the year ended 31 March 2022
We Are Waterloo Ltd
Notes to the Financial Statements
Statutory Information
| We Are Waterloo Ltd is a private limited company, limited by guarantee, domiciled in England and Wales, registration |
| number 04381162. |
| Registered address: |
Build Studios
203 Westminster Bridge Road
London
SE1 7FR
| The presentation currency is £ sterling. |
| 1. Accounting policies |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
Property, plant and equipment
Computer Equipment
Motor Vehicles
Furniture and Fittings
Taxation
| The company is exempt from Corporation Tax by virtue of its not-for-profit status, and by agreement with HM |
| Revenue & Customs. No charge for Corporation Tax is therefore reflected in the financial statements. |
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For the year ended 31 March 2022
We Are Waterloo Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
| Total |
| Computer |
| Equipment |
| Furniture and |
| Fittings |
Motor Vehicles
| £ |
| £ |
| £ |
| £ |
| Cost or |
| valuation |
| At 01 April 2021 |
| Additions |
| At 31 March 2022 |
| Provision for depreciation and impairment |
| At 01 April 2021 |
Charge for year
| At 31 March 2022 |
| At 31 March 2022 |
| Net book value |
| At 31 March 2021 |
| 3. Trade and other receivables |
2021
2022
| £ |
| £ |
| Trade debtors |
| Other debtors |
| 4. Trade and other payables: amounts falling due within one year |
2021
2022
| £ |
| £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 5. Related party transactions |
| Build Studios Limited (BSL), a company limited by guarantee, under joint control by WeAreWaterloo (WAW) by virtue |
| of having common directors. |
| WAW licences its operating premises from BSL for which fees totalling £ 24,032 (2021 £26,169) were paid. |
| Lower Marsh Market Ltd (LMM), a company limited by guarantee, has an operating agreement with WAW and |
| common directors. |
| Amounts due to WAW at the balance sheet date were £270 (2021 £153). |
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For the year ended 31 March 2022
We Are Waterloo Ltd
Notes to the Financial Statements Continued
| 6. Average number of persons employed |
During the year the average number of employees was 6 (2021 : 4 )
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