DENHAM WATER SPORTS LIMITED - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01850752 (England and Wales)

Financial Statements for the Year Ended 31 December 2022

for

DENHAM WATER SPORTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mr R B Allen

SECRETARY:

Ms M Garnham

REGISTERED OFFICE:

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

REGISTERED NUMBER:

01850752 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

& Statutory Auditors

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

FIXED ASSETS

Tangible assets

4

1,825,024

1,750,803

Investments

5

165,580

-

Investment property

6

160,000

160,000

2,150,604

1,910,803

CURRENT ASSETS

Debtors

7

20,332

4,574

Cash at bank

2,085,756

270,038

2,106,088

274,612

CREDITORS

Amounts falling due within one year

8

(311,383

)

(407,441

)

NET CURRENT ASSETS/(LIABILITIES)

1,794,705

(132,829

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,945,309

1,777,974

PROVISIONS FOR LIABILITIES

9

(12,623

)

(12,623

)

NET ASSETS

3,932,686

1,765,351

CAPITAL AND RESERVES

Called up share capital

10

2

2

Fair value reserve

11

50,493

50,493

Retained earnings

11

3,882,191

1,714,856

SHAREHOLDERS' FUNDS

3,932,686

1,765,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 August 2023 and were signed by:

Mr R B Allen - Director

1.	STATUTORY INFORMATION

DENHAM WATER SPORTS 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2022

1,736,636

16,667

-

1,753,303

Additions

-

82,408

28,542

110,950

At 31 December 2022

1,736,636

99,075

28,542

1,864,253

DEPRECIATION

At 1 January 2022

-

2,500

-

2,500

Charge for year

-

29,594

7,135

36,729

At 31 December 2022

-

32,094

7,135

39,229

NET BOOK VALUE

At 31 December 2022

1,736,636

66,981

21,407

1,825,024

At 31 December 2021

1,736,636

14,167

-

1,750,803

5.	FIXED ASSET INVESTMENTS

Other

loans

£

New in year

165,580

At 31 December 2022

165,580

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2022

and 31 December 2022

160,000

NET BOOK VALUE

At 31 December 2022

160,000

At 31 December 2021

160,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

-

4,574

VAT

20,332

-

20,332

4,574

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

72,255

4,656

Tax

10,648

20,037

VAT

-

2,656

Directors' current accounts

60,082

212,032

Directors' loan accounts

166,000

166,000

Accrued expenses

2,398

2,060

311,383

407,441

9.	PROVISIONS FOR LIABILITIES

31.12.22

31.12.21

£

£

Deferred tax

12,623

12,623

Deferred

tax

£

Balance at 1 January 2022

12,623

Balance at 31 December 2022

12,623

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

100

Ordinary

£1

2

2

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2022

1,714,856

50,493

1,765,349

Profit for the year

2,169,335

2,169,335

Dividends

(2,000

)

(2,000

)

At 31 December 2022

3,882,191

50,493

3,932,684