Accounts Submission

WATERFORD FINANCE AND INVESTMENT UK LIMITED - Company Information

Company Accounts and Tax Online 03478593 Board of Directors 1.1.20 31.12.20 31.12.20 false iso4217:GBP xbrli:pure 03478593 2019-01-01 2019-12-31 03478593 2020-12-31 03478593 2020-01-01 2020-12-31 03478593 2019-12-31 03478593 countries:EnglandWales 2020-01-01 2020-12-31 03478593 curr:PoundSterling 2020-01-01 2020-12-31 03478593 uk-bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31 03478593 uk-bus:FRS102 2020-01-01 2020-12-31 03478593 uk-bus:AuditExempt-NoAccountantsReport 2020-01-01 2020-12-31 03478593 uk-bus:FullAccounts 2020-01-01 2020-12-31 03478593 uk-bus:RegisteredOffice 2020-01-01 2020-12-31 03478593 uk-bus:Director1 2020-01-01 2020-12-31 03478593 uk-bus:Director1 2020-01-01 03478593 uk-bus:Director1 2020-12-31 03478593 uk-bus:CompanySecretary1 2020-01-01 2020-12-31 03478593 core:AfterOneYear 2020-12-31 03478593 core:AfterOneYear 2019-12-31 03478593 core:WithinOneYear 2020-12-31 03478593 core:WithinOneYear 2019-12-31 03478593 core:WithinOneYear 2020-01-01 2020-12-31 03478593 core:AfterOneYear 2020-12-31 03478593 core:AfterOneYear 2019-12-31 03478593 core:AfterOneYear 2020-01-01 2020-12-31 03478593 core:ShareCapital 2020-12-31 03478593 core:ShareCapital 2019-12-31 03478593 core:RevaluationReserve 2020-12-31 03478593 core:RevaluationReserve 2019-12-31 03478593 core:RetainedEarningsAccumulatedLosses 2020-12-31 03478593 core:RetainedEarningsAccumulatedLosses 2019-12-31 03478593 core:Associate1 2020-01-01 2020-12-31 03478593 core:Associate1 2019-12-31 03478593 core:Associate1 2020-12-31 03478593 core:Associate1 2020-01-01 2020-12-31 03478593 core:Associate2 2020-01-01 2020-12-31 03478593 core:Associate2 2019-12-31 03478593 core:Associate2 2020-12-31 03478593 core:Associate2 2020-01-01 2020-12-31 03478593 1 2020-01-01 2020-12-31 03478593 core:LandBuildings 2020-01-01 2020-12-31 03478593 core:LandBuildings 2020-12-31 03478593 core:LandBuildings 2019-01-01 2019-12-31 03478593 core:LandBuildings 2019-12-31 03478593 core:PlantMachinery 2020-01-01 2020-12-31 03478593 core:PlantMachinery 2020-12-31 03478593 core:PlantMachinery 2019-01-01 2019-12-31 03478593 core:PlantMachinery 2019-12-31 03478593 core:FurnitureFittingsToolsEquipment 2020-01-01 2020-12-31 03478593 core:FurnitureFittingsToolsEquipment 2020-12-31 03478593 core:FurnitureFittingsToolsEquipment 2019-01-01 2019-12-31 03478593 core:FurnitureFittingsToolsEquipment 2019-12-31 03478593 core:OfficeEquipment 2020-01-01 2020-12-31 03478593 core:OfficeEquipment 2020-12-31 03478593 core:OfficeEquipment 2019-01-01 2019-12-31 03478593 core:OfficeEquipment 2019-12-31 03478593 core:Vehicles 2020-01-01 2020-12-31 03478593 core:Vehicles 2020-12-31 03478593 core:Vehicles 2019-01-01 2019-12-31 03478593 core:Vehicles 2019-12-31 03478593 core:NetGoodwill 2020-01-01 2020-12-31 03478593 core:NetGoodwill 2020-12-31 03478593 core:NetGoodwill 2019-01-01 2019-12-31 03478593 core:NetGoodwill 2019-12-31 03478593 core:IntangibleAssetsOtherThanGoodwill 2020-01-01 2020-12-31 03478593 core:IntangibleAssetsOtherThanGoodwill 2020-12-31 03478593 core:IntangibleAssetsOtherThanGoodwill 2019-01-01 2019-12-31 03478593 core:IntangibleAssetsOtherThanGoodwill 2019-12-31

Company Registration Number:
03478593 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2020

Period of accounts

Start date: 01 January 2020

End date: 31 December 2020

Contents of the Financial Statements

for the Period Ended 31 December 2020


Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

Directors' Report Period Ended 31 December 2020

The directors present their report with the financial statements of the company for the period ended 31 December 2020

Principal Activities

The Company's principal activity is the provision of office rental services.

Directors

The directors shown below have held office during the whole of the period from 01 January 2020 to 31 December 2020
A.Kroujkov

Secretary
A.Rakhimova

This report was approved by the board of directors on 29 September 2021
And Signed On Behalf Of The Board By:

Name: A.Kroujkov
Status: Director

Profit and Loss Account

for the Period Ended 31 December 2020

	2020 £	2019 £
Turnover	174,485	175,386
Gross Profit or (Loss)	174,485	175,386
Income from coronavirus (COVID-19) business support grants	-	0
Administrative Expenses	( 174,790 )	( 175,975 )
Operating Profit or (Loss)	( 305 )	( 589 )
Profit or (Loss) Before Tax	( 305 )	( 589 )
Profit or (Loss) for Period	( 305 )	( 589 )

The notes form part of these financial statements

Balance sheet

As at 31 December 2020

	Notes	2020 £	2019 £
Fixed assets
Tangible assets:	4	1,210	1,513
Total fixed assets:		1,210	1,513
Current assets
Debtors:	5	21,931	0
Cash at bank and in hand:		19,604	20,079
Total current assets:		41,535	20,079
Creditors: amounts falling due within one year:	6	( 21,458 )	( 0 )
Net current assets (liabilities):		20,077	20,079
Total assets less current liabilities:		21,287	21,592
Creditors: amounts falling due after more than one year:	7	( 1,089,745 )	( 1,089,745 )
Provision for liabilities:		( 646 )	( 646 )
Total net assets (liabilities):		( 1,069,104 )	( 1,068,799 )

The notes form part of these financial statements

Balance sheet continued

As at 31 December 2020

	2020 £	2019 £
Capital and reserves
Called up share capital:	100	100
Profit and loss account:	( 1,069,204 )	( 1,068,899 )
Shareholders funds:	( 1,069,104 )	( 1,068,799 )

For the year ending 31 December 2020 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 September 2021
And Signed On Behalf Of The Board By:

Name: A.Kroujkov
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2020

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents office rental services during the year net of VAT.

Tangible fixed assets depreciation policy

Tangible fixed assets are stated at cost less depreciation.
Tangible fixed assets are depreciated over their estimated useful lives, at the following rates:

Fixtures and fittings - 20% per annum on reducing balance.
Leasehold property - 20% per annum on reducing balance.

Other accounting policies

Going Concern The directors are of the opinion that it is appropriate to prepare these financial statements on a going concern basis.

Notes to the Financial Statements

for the Period Ended 31 December 2020

2. Employees

	2020	2019
Average number of employees during the period	0	0

Notes to the Financial Statements

for the Period Ended 31 December 2020

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 31 December 2020

4. Tangible assets

	Land & buildings	Fixtures & fittings	Total
Cost	£	£	£
At 01 January 2020	42,888	105,609	148,497
Additions	-	-	-
Disposals	-	-	-
Revaluations	-	-	-
Transfers	-	-	-
At 31 December 2020	42,888	105,609	148,497
Depreciation
At 01 January 2020	42,324	104,660	146,984
Charge for year	113	190	303
On disposals	-	-	-
Other adjustments	-	-	-
At 31 December 2020	42,437	104,850	147,287
Net book value
At 31 December 2020	451	759	1,210
At 31 December 2019	564	949	1,513

Notes to the Financial Statements

for the Period Ended 31 December 2020

5. Debtors

	2020 £	2019 £
Trade debtors	21,931	0
Total	21,931	0

Notes to the Financial Statements

for the Period Ended 31 December 2020

6.Creditors: amounts falling due within one year note

	2020 £	2019 £
Trade creditors	21,458	0
Total	21,458	0

Notes to the Financial Statements

for the Period Ended 31 December 2020

7.Creditors: amounts falling due after more than one year

	2020 £	2019 £
Other creditors	1,089,745	1,089,745
Total	1,089,745	1,089,745

Waterford Finance and Investment Limited a company registered in Guernsey has provided the company with a loan of £1,089,745 (2019: £1,089,745). This loan bears no interest and there is no confirmed repayment date on the loan.

Notes to the Financial Statements

for the Period Ended 31 December 2020

8. Financial Commitments

OPERATING LEASE COMMITMENTS

At 31 December 2020 the company was committed to making the following payments under
non-cancellable operating leases.
Not later than 1 year £104,860
Later than 1 year and not later than 5 years £104,860

Notes to the Financial Statements

for the Period Ended 31 December 2020

9.1.Related party disclosures

Name of related party:	Waterford Finance and Investment Limited
Description of relationship:
Parent company
Description of the transaction:
Waterford Finance and Investment Limited a company registered in Guernsey has provided the company with a loan of £1,089,745 (2019: £1,089,745). This loan bears no interest and there is no confirmed repayment date on the loan.
Balance at 01 January 2020	1,089,745
Balance at 31 December 2020	1,089,745

Name of related party:
Description of relationship:
Group company - Waterford Finance & Investment (UK) Limited
Description of the transaction:
During the year the company charged £174,485 (2019: £175,386) to Waterford Finance & Investment (UK) Limited for rental expenses.
Balance at 01 January 2020	0
Balance at 31 December 2020	21,931

Director:		A.Kroujkov


Secretary:		A.Rakhimova


Registered office:		Kings House 10 Haymarket London SW1Y 4BP


Company Registration Number:		03478593 (England and Wales)

Accounts Submission