IRIS Accounts Production
v19.2.0.596
05195450
Board of Directors
1.1.18
31.12.18
31.12.18
23/9/2019
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Auditors Opinion
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05195450
2017-12-31
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2018-12-31
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2018-01-01
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2016-12-31
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2017-12-31
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REGISTERED NUMBER:
05195450
(England and Wales)
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Water Street Properties Limited
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for the Year Ended 31 December 2018
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Notes to the Financial Statements
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3
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REGISTERED OFFICE:
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Mynshulls House
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REGISTERED NUMBER:
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05195450 (England and Wales)
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AUDITORS:
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McMillan & Co LLP
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Chartered Accountants and
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TOTAL ASSETS LESS CURRENT
LIABILITIES
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131
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131
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Called up share capital
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5
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100
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100
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Other reserves
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455,043
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455,043
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Retained earnings
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(455,012
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) |
(455,012
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) |
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SHAREHOLDERS' FUNDS
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131
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131
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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 Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on
23 September 2019 and were signed on
its behalf by:
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Water Street Properties Limited is a
private company, limited by shares , registered in England and
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Wales. The company's registered number and registered office address can be found on the Company
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The presentation currency of the financial statements is the Pound Sterling (£).
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The amounts in the financial statements have been rounded to the nearest £1.
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Basis of preparing the financial statements
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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. |
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Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
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except to the extent that it relates to items recognised in other comprehensive income or directly in
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Current or deferred taxation assets and liabilities are not discounted.
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
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enacted or substantively enacted by the balance sheet date.
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Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods
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different from those in which they are recognised in financial statements. Deferred tax is measured
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using tax rates and laws that have been enacted or substantively enacted by the year end and that are
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expected to apply to the reversal of the timing difference.
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
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that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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Financial instruments are classified and accounted for according to the substance of the contractual
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arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any
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contract that evidences a residual interest in the assets of the company after deducting all of its
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3.
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EMPLOYEES AND DIRECTORS
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The average number of employees during the year was NIL (2017 - NIL).
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4.
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DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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Amounts owed by group undertakings
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30
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-
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5.
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CALLED UP SHARE CAPITAL
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Number:
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Class:
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Nominal
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2018
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2017
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100
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Share capital
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£1
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100 |
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100 |
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6.
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DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006
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The Report of the Auditors was unqualified.
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Neil McMillan FCA (Senior Statutory Auditor)
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for and on behalf of
McMillan & Co LLP |
7.
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RELATED PARTY DISCLOSURES
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At the year end the company owed £30 (2017: £Nil) to Nikal Limited.
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8.
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ULTIMATE CONTROLLING PARTY
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The ultimate parent company is Nikal (Jersey) Limited, a company incorporated in Jersey. Nikal
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(Jersey) Limited is exempt from the requirement to prepare group accounts. Nikal (Jersey) Limited is a
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UK resident company for tax purposes.
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The company is ultimately controlled by the directors of the ultimate parent company.
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