Accounts Submission

WATERFORD FINANCE AND INVESTMENT UK LIMITED - Company Information

Company Accounts and Tax Online 03478593 Board of Directors 1.1.22 31.12.22 31.12.22 false iso4217:GBP xbrli:pure 03478593 2021-01-01 2021-12-31 03478593 2022-12-31 03478593 2022-01-01 2022-12-31 03478593 2021-12-31 03478593 countries:EnglandWales 2022-01-01 2022-12-31 03478593 curr:PoundSterling 2022-01-01 2022-12-31 03478593 uk-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 03478593 uk-bus:FRS102 2022-01-01 2022-12-31 03478593 uk-bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 03478593 uk-bus:FullAccounts 2022-01-01 2022-12-31 03478593 uk-bus:RegisteredOffice 2022-01-01 2022-12-31 03478593 uk-bus:Director1 2022-01-01 2022-12-31 03478593 uk-bus:Director1 2022-01-01 03478593 uk-bus:Director1 2022-12-31 03478593 uk-bus:CompanySecretary1 2022-01-01 2022-12-31 03478593 core:AfterOneYear 2022-12-31 03478593 core:AfterOneYear 2021-12-31 03478593 core:WithinOneYear 2022-12-31 03478593 core:WithinOneYear 2021-12-31 03478593 core:WithinOneYear 2022-01-01 2022-12-31 03478593 core:AfterOneYear 2022-12-31 03478593 core:AfterOneYear 2021-12-31 03478593 core:AfterOneYear 2022-01-01 2022-12-31 03478593 core:ShareCapital 2022-12-31 03478593 core:ShareCapital 2021-12-31 03478593 core:RevaluationReserve 2022-12-31 03478593 core:RevaluationReserve 2021-12-31 03478593 core:RetainedEarningsAccumulatedLosses 2022-12-31 03478593 core:RetainedEarningsAccumulatedLosses 2021-12-31 03478593 core:Associate1 2022-01-01 2022-12-31 03478593 core:Associate1 2021-12-31 03478593 core:Associate1 2022-12-31 03478593 core:Associate1 2022-01-01 2022-12-31 03478593 core:Associate2 2022-01-01 2022-12-31 03478593 core:Associate2 2021-12-31 03478593 core:Associate2 2022-12-31 03478593 core:Associate2 2022-01-01 2022-12-31 03478593 1 2022-01-01 2022-12-31 03478593 core:LandBuildings 2022-01-01 2022-12-31 03478593 core:LandBuildings 2022-12-31 03478593 core:LandBuildings 2021-01-01 2021-12-31 03478593 core:LandBuildings 2021-12-31 03478593 core:PlantMachinery 2022-01-01 2022-12-31 03478593 core:PlantMachinery 2022-12-31 03478593 core:PlantMachinery 2021-01-01 2021-12-31 03478593 core:PlantMachinery 2021-12-31 03478593 core:FurnitureFittingsToolsEquipment 2022-01-01 2022-12-31 03478593 core:FurnitureFittingsToolsEquipment 2022-12-31 03478593 core:FurnitureFittingsToolsEquipment 2021-01-01 2021-12-31 03478593 core:FurnitureFittingsToolsEquipment 2021-12-31 03478593 core:OfficeEquipment 2022-01-01 2022-12-31 03478593 core:OfficeEquipment 2022-12-31 03478593 core:OfficeEquipment 2021-01-01 2021-12-31 03478593 core:OfficeEquipment 2021-12-31 03478593 core:Vehicles 2022-01-01 2022-12-31 03478593 core:Vehicles 2022-12-31 03478593 core:Vehicles 2021-01-01 2021-12-31 03478593 core:Vehicles 2021-12-31 03478593 core:NetGoodwill 2022-01-01 2022-12-31 03478593 core:NetGoodwill 2022-12-31 03478593 core:NetGoodwill 2021-01-01 2021-12-31 03478593 core:NetGoodwill 2021-12-31 03478593 core:IntangibleAssetsOtherThanGoodwill 2022-01-01 2022-12-31 03478593 core:IntangibleAssetsOtherThanGoodwill 2022-12-31 03478593 core:IntangibleAssetsOtherThanGoodwill 2021-01-01 2021-12-31 03478593 core:IntangibleAssetsOtherThanGoodwill 2021-12-31

Company Registration Number:
03478593 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

Contents of the Financial Statements

for the Period Ended 31 December 2022


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 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

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 2022 to 31 December 2022
A.Kroujkov

Secretary
A.Rakhimova

This report was approved by the board of directors on 26 September 2023
And Signed On Behalf Of The Board By:

Name: A.Kroujkov
Status: Director

Profit and Loss Account

for the Period Ended 31 December 2022

	2022 £	2021 £
Turnover	171,558	175,134
Gross Profit or (Loss)	176,081	175,134
Income from coronavirus (COVID-19) business support grants	4,523	-
Administrative Expenses	( 171,774 )	( 175,387 )
Operating Profit or (Loss)	4,307	( 253 )
Profit or (Loss) Before Tax	4,307	( 253 )
Profit or (Loss) for Period	4,307	( 253 )

The notes form part of these financial statements

Balance sheet

As at 31 December 2022

	Notes	2022 £	2021 £
Fixed assets
Tangible assets:	4	775	968
Total fixed assets:		775	968
Current assets
Debtors:	5	11,779	40,132
Cash at bank and in hand:		12,787	906
Total current assets:		24,566	41,038
Creditors: amounts falling due within one year:	6	( 646 )	( 21,618 )
Net current assets (liabilities):		23,920	19,420
Total assets less current liabilities:		24,695	20,388
Creditors: amounts falling due after more than one year:	7	( 1,089,745 )	( 1,089,745 )
Total net assets (liabilities):		( 1,065,050 )	( 1,069,357 )

The notes form part of these financial statements

Balance sheet continued

As at 31 December 2022

	2022 £	2021 £
Capital and reserves
Called up share capital:	100	100
Profit and loss account:	( 1,065,150 )	( 1,069,457 )
Shareholders funds:	( 1,065,050 )	( 1,069,357 )

For the year ending 31 December 2022 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 26 September 2023
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 2022

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 2022

2. Employees

	2022	2021
Average number of employees during the period	0	0

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Tangible assets

	Land & buildings	Fixtures & fittings	Total
Cost	£	£	£
At 01 January 2022	42,888	105,609	148,497
Additions	-	-	-
Disposals	-	-	-
Revaluations	-	-	-
Transfers	-	-	-
At 31 December 2022	42,888	105,609	148,497
Depreciation
At 01 January 2022	42,527	105,002	147,529
Charge for year	72	121	193
On disposals	-	-	-
Other adjustments	-	-	-
At 31 December 2022	42,599	105,123	147,722
Net book value
At 31 December 2022	289	486	775
At 31 December 2021	361	607	968

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Debtors

	2022 £	2021 £
Trade debtors	11,779	40,132
Total	11,779	40,132

Notes to the Financial Statements

for the Period Ended 31 December 2022

6.Creditors: amounts falling due within one year note

	2022 £	2021 £
Trade creditors	646	21,618
Total	646	21,618

Notes to the Financial Statements

for the Period Ended 31 December 2022

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

	2022 £	2021 £
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 (2021: £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 2022

8. Financial Commitments

At 31 December 2022 the company was committed to making the following payments under non-cancellable operating leases.
Not later than 1 year £31,455
Later than 1 year and not later than 5 years £Nil

Notes to the Financial Statements

for the Period Ended 31 December 2022

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 (2021: £1,089,745). This loan bears no interest and there is no confirmed repayment date on the loan.
Balance at 01 January 2022	1,089,745
Balance at 31 December 2022	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 £171,557 (2021: £175,134) to Waterford Finance & Investment (UK) Limited for rental expenses.
Balance at 01 January 2022	40,132
Balance at 31 December 2022	11,779

Director:		A.Kroujkov


Secretary:		A.Rakhimova


Registered office:		Kings House 10 Haymarket London SW1Y 4BP


Company Registration Number:		03478593 (England and Wales)

Accounts Submission