We Are Waterloo Ltd,Ltd - AccountsLtd - Accounts
We Are Waterloo Ltd,Ltd - AccountsLtd - Accounts
| Registered Number:04381162 |
For the year ended 31 March 2023
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 31 March 2023
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 2023
We Are Waterloo Ltd
Company Information
Ms Catherine Baroun (appointed on 21 September 2022)
Directors
Ms Magdalena Chapman
Mr Patrick Christie
Dr Charles Graham (appointed on 21 September 2022)
Mr Michael Johnson
Mr Glenn Kesby
Mr Alastair Lewis (Resigned on 21 September 2022)
Ms Felicity Maries
Mr Eddie Nelms
Miss Sarah Pittaway
Mr Nicholas Rampley (Vice chair)
Mr Hugh Rosen
Mr Camilo Salazar
Miss Elizabeth Sillett
Mr Charles Tyler
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 2023
We Are Waterloo Ltd
Directors' Report
The directors present their report and financial statements for the year ended 31 March 2023.
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For the year ended 31 March 2023
We Are Waterloo Ltd
Directors' Report Continued
| Principal activities |
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For the year ended 31 March 2023
We Are Waterloo Ltd
Directors' Report Continued
| Associated companies 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 3 of 12. For the year ended 31 March 2023 We Are Waterloo Ltd Directors' Report Continued share capital.WeAreWaterloo has board representation on both of these organisations. Business review In 2021, the BID was voted back in by surrounding and supporting businesses. Therefore, the year from April 2022 - 2023 marked the second year of the BID's current 5-year term. Activities were largely focussed around the delivery of projects within our recently published Placemaking Strategy, in collaboration with Allies and Morrison, to deepen our understanding of how people use the BID area to inform future programming. 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 included: -The launch of a revamped local offers card (STAR Card) in collaboration with South Bank BID to encourage local spend -A tongue-in-cheeky advertising campaign across several digital billboards in Waterloo station to promote the area's hidden gems and assets -A successful destination marketing campaign using micro-influencers (TikTok only) to promote the area's independent businesses to their highly engaged local audiences-The roll-out of a new brand for the BID, which reflects the eccentricity and vibrancy of our place, along with complimentary brand guidelines for both organisation and place-The development of a new website in keeping with our newly published brand guidelines to help levy payers better understand the purpose and vision of the BID's activity -Continuation of our well-attended events programme including increased Making Space for Women socials (a networking group for women in the built environment), Miracle on Leake Street (our alternative Christmas event), St George's Garden Party and Lower Marsh Lates to support surrounding businesses Enhance the Environment: Public Realm Keeping the neighbourhood clean, green, safe and welcoming remains of utmost importance. These services include: Services that continued:--Subsidised waste and recycling-Christmas lights -Tree lighting-Working with councils to implement timed closures on main area thoroughfares, Lower Marsh and The Cut-Implementing Dr. Bike sessions to help support local cyclists maintain their bikes at no cost Newly launched services:- |
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For the year ended 31 March 2023
We Are Waterloo Ltd
Directors' Report Continued
| -Recruitment of a BID Security Manager to spearhead new initiatives to reduce and prevent crime across the BID area. This included a revamped security patrol service, re-establishing the Waterloo Crime & Security Forum and rolling out bespoke security training for individual business.-Creation and management of four parklets on Lower Marsh, and partnership and management of five parklets on The Cut-The creation of an in-house Cleaning and Greening team which maintain all the green spaces under WeAreWaterloo's responsibility, alongside cleaning and public realm improvements across the wider BID area-Co-creation of the Waterloo & South Bank Future Neighbourhoods 2030 Strategy, in partnership with Lambeth Council. South Bank & Waterloo Neighbours, South Bank BID & Anthesis - an ambitious net zero strategy for the ward of Waterloo and South Bank-Successful grant funding awards including a partnership bid with South Bank and Waterloo Neighbours to plant thirty street trees across Waterloo Connect and Represent: Member Services -Roll out of additional tap-to-donate machine to support another local community organisation and its stakeholders, Oasis Waterloo on Kennington Road Continuation of the successful Christmas gift-giving campaign, Together at Christmas-Continued membership of key local steering groups including Emma Cons Gardens, Lower Marsh Retail Strategy and Waterloo Station Masterplan-Continuation of the successful 'Waterloo Wellbeing' post-work events series in association with local arts community, Hart Club -Supporting the BID area's local foodbank by offering businesses the opportunity to take part in a cargo bike scheme to donate goods |
Directors
The directors who served the company throughout the year were as follows:
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For the year ended 31 March 2023
We Are Waterloo Ltd
Directors' Report Continued
| Dr Charles Graham |
Signed on behalf of the board of directors
| Date: |
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9
For the year ended 31 March 2023
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 2023 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: |
16 November 2023
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For the year ended 31 March 2023
We Are Waterloo Ltd
Income Statement
2022
| £ |
2023
| £ |
| Turnover |
(652,980 )
| Cost of sales |
(740,618 )
Gross profit
| Administrative expenses |
(119,154 )
(99,927 )
| Other operating income |
-
Operating loss
(36,300 )
| Other interest receivable and similar income |
| Interest payable and similar charges |
(69 )
(34,407 )
Loss before taxation
(34,407 )
Loss for the financial year
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| Registered Number : |
| As at |
We Are Waterloo Ltd
Statement of Financial Position
| £ |
| £ |
2022
2023
| 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 |
(345,730 )
(331,645 )
4
571,817
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. |
| Dr Charles Graham |
| 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 2023
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 2023
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 2022 |
| At 31 March 2023 |
| Provision for depreciation and impairment |
| At 01 April 2022 |
Charge for year
| At 31 March 2023 |
| At 31 March 2023 |
| Net book value |
| At 31 March 2022 |
| 3. Trade and other receivables |
2022
2023
| £ |
| £ |
| Trade debtors |
| Other debtors |
| 4. Trade and other payables: amounts falling due within one year |
2022
2023
| £ |
| £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 5. Related party transactions |
| Lower Marsh Market Ltd (LMM), a company limited by guarantee, has an operating agreement with WAW and |
| common directors. |
| During the year WAW charged management fees of £20,000 to LMM (2022 £0) |
| Amounts due to WAW at the balance sheet date were £2,076 (2022 £270). |
| 6. Average number of persons employed |
During the year the average number of employees was 5 (2022 : 6 )
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For the year ended 31 March 2023
We Are Waterloo Ltd
Notes to the Financial Statements Continued
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