REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 January 2020 |
|
for |
|
Weald Water Enterprises Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 January 2020 |
|
for |
|
Weald Water Enterprises Limited |
Weald Water Enterprises Limited (Registered number: 06487966) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 January 2020 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
Weald Water Enterprises Limited |
|
Company Information |
for the Year Ended 31 January 2020 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
4 Riverview |
Walnut Tree Close |
Guildford |
Surrey |
GU1 4UX |
Weald Water Enterprises Limited (Registered number: 06487966) |
|
Balance Sheet |
31 January 2020 |
|
2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one
year |
6 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more
than one year |
7 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 9 |
|
|
Revaluation reserve | 10 |
|
|
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The directors acknowledge their 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. |
|
|
|
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 and authorised for issue
on |
|
|
|
|
|
|
|
Weald Water Enterprises Limited (Registered number: 06487966) |
|
Notes to the Financial Statements |
for the Year Ended 31 January 2020 |
|
1. | STATUTORY INFORMATION |
|
Weald Water Enterprises Limited is a
|
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 |
|
|
Turnover |
Turnover represents the income from the management of Weir Wood Reservoir, |
excluding value added tax. |
|
Tangible fixed assets |
|
Improvements to property | - |
|
Plant and machinery | - |
|
|
No depreciation is provided on the freehold property because in the opinion of the |
directors its useful life is unlimited. |
|
Although the Companies Act requires all fixed assets to be depreciated, the |
directors consider a departure is necessary in order for the accounts to show a |
true and fair view. The depreciation which might otherwise have been charged is |
considered to be immaterial to the accounts as a whole and cannot be reasonably |
determined. |
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the |
Income Statement, except to the extent that it relates to items recognised in other |
comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws |
that have been enacted or substantively enacted by the balance sheet date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have |
originated but not reversed at the balance sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax |
assessments in periods different from those in which they are recognised in |
financial statements. Deferred tax is measured using tax rates and laws that have |
been enacted or substantively enacted by the year end and that are expected to |
apply to the reversal of the timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the |
extent that it is probable that they will be recovered against the reversal of |
deferred tax liabilities or other future taxable profits. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
Weald Water Enterprises Limited (Registered number: 06487966) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2020 |
|
4. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | to | Plant and |
property | property | machinery | Totals |
£ | £ | £ | £ |
COST |
At 1 February 2019 |
|
|
|
|
Additions |
|
|
|
|
At 31 January 2020 |
|
|
|
|
DEPRECIATION |
At 1 February 2019 |
|
|
|
|
Charge for year |
|
|
|
|
At 31 January 2020 |
|
|
|
|
NET BOOK VALUE |
At 31 January 2020 |
|
|
|
|
At 31 January 2019 |
|
|
|
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
( |
) |
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans |
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans more 5 yr by instal | 244,000 | 276,000 |
|
8. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2020 | 2019 |
£ | £ |
Bank loans |
|
|
|
The bank loans are secured by a legal charge over the fixed and floating assets of |
the company. |
Weald Water Enterprises Limited (Registered number: 06487966) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2020 |
|
9. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
|
Ordinary | £1 | 1,000 | 1,000 |
|
10. | RESERVES |
Revaluation |
reserve |
£ |
At 1 February 2019 |
and 31 January 2020 |
|
|
11. | RELATED PARTY DISCLOSURES |
|
Consultancy fees of £20,000 (2019: £20,000) each were payable to the businesses of |
M H Evans and C C Johnson during the year. |
|
The company is controlled by the directors C C Johnson and M H Evans by virtue of |
their controlling shareholding. |