105 Water Gardens Limited
|
Registered number: |
10773136
|
Statement of Financial Position |
as at 31 May 2022
|
|
Notes |
|
|
2022 |
|
|
2021 |
£ |
£ |
Fixed assets |
Tangible assets |
4 |
|
|
1,406,469 |
|
|
1,406,469 |
|
Current assets |
Debtors |
5 |
|
32,027 |
|
|
22,769 |
Cash at bank and in hand |
|
|
252 |
|
|
1,092 |
|
|
|
32,279 |
|
|
23,861 |
|
Creditors: amounts falling due within one year |
6 |
|
(1,714,314) |
|
|
(1,746,913) |
|
Net current liabilities |
|
|
|
(1,682,035) |
|
|
(1,723,052) |
|
Total assets less current liabilities |
|
|
|
(275,566) |
|
|
(316,583) |
|
Creditors: amounts falling due after more than one year |
7 |
|
|
(41,710) |
|
|
(40,417) |
|
|
|
Net liabilities |
|
|
|
(317,276) |
|
|
(357,000) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Fair value reserve |
8 |
|
|
(272,900) |
|
|
(272,900) |
Profit and loss account |
|
|
|
(44,476) |
|
|
(84,200) |
|
Shareholder's funds |
|
|
|
(317,276) |
|
|
(357,000) |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
|
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
|
|
|
Mr F Ahmed |
Director |
Approved by the board on 15 February 2023
|
|
105 Water Gardens Limited
|
Notes to the Accounts |
for the year ended 31 May 2022
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
|
|
|
Going concern |
|
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as the director of the company is funding the company in the form of a director’s loan. The director is planning to continue this financial support for the company for the foreseeable future. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from property rental.
|
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
|
|
|
Creditors |
|
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
|
|
|
Investment property |
|
Investment property is included at fair value. Gains are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.
|
|
|
2 |
Employees |
2022 |
|
2021 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Government grants |
|
The company received a business interruption payment relating to interest payable on a bounce back loan taken out. The grant is shown in the the profit and loss in the period in which the related interest was incurred. |
|
|
|
|
|
|
|
2022 |
|
2021 |
£ |
£ |
|
|
Business interruption payments |
- |
|
1,250 |
|
|
|
|
|
|
|
|
|
|
4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
£ |
|
Cost |
|
At 1 June 2021 |
1,406,469 |
|
At 31 May 2022 |
1,406,469 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 May 2022 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2022 |
1,406,469 |
|
At 31 May 2021 |
1,406,469 |
|
|
|
|
|
|
|
|
|
|
|
|
5 |
Debtors |
2022 |
|
2021 |
£ |
£ |
|
|
Prepayments |
1,381 |
|
633 |
|
Other debtors |
30,646 |
|
22,136 |
|
|
|
|
|
|
32,027 |
|
22,769 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
£ |
£ |
|
|
Bank loans and overdrafts |
5,556 |
|
9,583 |
|
Trade creditors |
3,010 |
|
2,267 |
|
Accruals |
38,696 |
|
38,636 |
|
Other creditors |
1,667,052 |
|
1,696,427 |
|
|
|
|
|
|
1,714,314 |
|
1,746,913 |
|
|
|
|
|
|
|
|
|
|
7 |
Creditors: amounts falling due after one year |
2022 |
|
2021 |
£ |
£ |
|
|
Bank loans |
41,710 |
|
40,417 |
|
|
|
|
|
|
|
|
|
|
8 |
Fair value reserve |
2022 |
|
2021 |
£ |
£ |
|
|
At 1 June 2021 |
(272,900) |
|
(272,900) |
|
|
At 31 May 2022 |
(272,900) |
|
(272,900) |
|
|
|
|
|
|
|
|
|
|
9 |
Related party transactions |
2022 |
|
2021 |
£ |
£ |
|
Mr F Ahmed |
|
Director and 100% shareholder of 105 Water Gardens Limited |
|
Balance of the loan at the year end |
|
2,616,250 |
|
2,616,250 |
|
|
Open Sky Construction Ltd |
|
Company in which Mr Ahmed is a director and 100% shareholder |
|
Amount due from (to) the related party |
|
17,946 |
|
9,436 |
|
|
Ventures Advisory Ltd |
|
Company in which Mr Ahmed is a director and 100% shareholder |
|
Amount due from (to) the related party |
|
3,200 |
|
3,200 |
|
|
ScopeCourt Inc |
|
Company in which Mr Ahmed is a director and 100% shareholder |
|
Amount due from (to) the related party |
|
9,500 |
|
9,500 |
|
|
Whitestile 1 Ltd |
|
Company in which Mr Ahmed is a director and 100% shareholder |
|
Amount due from (to) the related party |
|
(5,000) |
|
(5,000) |
|
|
62 Paddington Exchange Ltd |
|
Company in which Mr Ahmed is a director and 100% shareholder |
|
Amount due from (to) the related party |
|
(3,000) |
|
- |
|
|
225 Quadrangle Towers Ltd |
|
Company in which Mr Ahmed is a director and 100% shareholder |
|
Amount due from (to) the related party |
|
(6,000) |
|
- |
|
|
10 |
Other information |
|
|
105 Water Gardens Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
269 Farnborough Road |
|
Farnborough |
|
Hampshire |
|
GU14 7LY |