Company registration number:
Period from
The Watermark Group Limited
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Chartered
Accountants' Report to the
Director
on the Preparation of the Unaudited Statutory Accounts of The Watermark Group Limited for the Period Ended 31 March 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Watermark Group Limited for the period ended 31 March 2017 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .
This report is made solely to the Board of Directors of The Watermark Group Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Watermark Group Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Watermark Group Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The Watermark Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Watermark Group Limited. You consider that The Watermark Group Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of The Watermark Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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MJH Accountants Limited
8 June 2017
The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 7) have been prepared.
The Watermark Group Limited
(Registration number: 04112514)
Abbreviated Balance Sheet at 31 March 2017
Note |
31 March 2017
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30 November 2015
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Fixed assets |
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Tangible fixed assets |
- |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets/(liabilities) |
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( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
- |
( |
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Provisions for liabilities |
- |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium account |
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Capital redemption reserve |
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Revaluation reserve |
- |
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Profit and loss account |
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Shareholders' funds |
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2
The Watermark Group Limited
(Registration number: 04112514)
Abbreviated Balance Sheet at 31 March 2017
......... continued
Approved by the director on
..............................................
Mr J Travis
Director
3
The Watermark Group Limited
Notes to the Abbreviated Accounts for the Period from 1 December 2015 to 31 March 2017
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Investment properties |
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Office equipment |
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Fixtures and fittings |
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Investment properties
The Watermark Group Limited
Notes to the Abbreviated Accounts for the Period from 1 December 2015 to 31 March 2017
......... continued
Deferred tax
Hire purchase and leasing
Financial instruments
The Watermark Group Limited
Notes to the Abbreviated Accounts for the Period from 1 December 2015 to 31 March 2017
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 December 2015 |
870,918 |
870,918 |
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Additions |
2,990 |
2,990 |
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Disposals |
(873,908) |
(873,908) |
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At 31 March 2017 |
- |
- |
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Amortisation |
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At 1 December 2015 |
44,378 |
44,378 |
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Charge for the period |
5,363 |
5,363 |
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Eliminated on disposals |
(49,741) |
(49,741) |
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At 31 March 2017 |
- |
- |
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Net book value |
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At 31 March 2017 |
- |
- |
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At 30 November 2015 |
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The Watermark Group Limited
Notes to the Abbreviated Accounts for the Period from 1 December 2015 to 31 March 2017
......... continued
Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
31 March 2017
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30 November 2015
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Amounts falling due within one year |
- |
13,509 |
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Amounts falling due after more than one year |
- |
272,800 |
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Total secured creditors |
- |
286,309 |
Included in the creditors are the following amounts due after more than five years:
31 March 2017
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30 November 2015
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After more than five years by instalments |
- |
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Share capital |
Allotted, called up and fully paid shares
31 March 2017 |
30 November 2015 |
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No. |
£ |
No. |
£ |
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Control |
The company is controlled by