Watrec Company Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05564336 (England and Wales)

CESSATION FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2017 TO 30 SEPTEMBER 2017

FOR

WATREC COMPANY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M W Mwanje

REGISTERED OFFICE:

Suite No.2, First Floor

Kenwood House

77a Shenley Road

Borehamwood

WD6 1AG

REGISTERED NUMBER:

05564336 (England and Wales)

ACCOUNTANTS:

Westminster Accountancy Ltd

Accountants

Westminster House

9 Chapel Place

Rivington Street

London

EC2A 3DQ

FIXED ASSETS

Investment property

3

-

2,594,319

CURRENT ASSETS

Debtors

4

2,733

2,733

Cash in hand

2

2

2,735

2,735

CREDITORS

Amounts falling due within one year

5

217,189

226,828

NET CURRENT LIABILITIES

(214,454

)

(224,093

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(214,454

)

2,370,226

CREDITORS

Amounts falling due after more than one year

6

995,981

3,725,017

NET LIABILITIES

(1,210,435

)

(1,354,791

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(1,210,437

)

(1,354,793

)

SHAREHOLDERS' FUNDS

(1,210,435

)

(1,354,791

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 June 2018 and were signed by:

M W Mwanje - Director

1.	STATUTORY INFORMATION

Watrec Company Ltd 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 the provisions of Section 1A "Small Entities" 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 cost convention.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2017

2,594,319

Disposals

(2,594,319

)

At 30 September 2017

-

NET BOOK VALUE

At 30 September 2017

-

At 31 December 2016

2,594,319

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

2,733

2,733

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other creditors

217,189

226,828

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

995,981

3,725,017

7.	RELATED PARTY DISCLOSURES