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Company No. 05153399 · Incorporated 14 Jun 2004

Watergate Developments Limited

Registered name: WATERGATE DEVELOPMENTS LIMITED

Part of Wykeland Group Limited group

Watergate Developments Limited made £792k revenue and £423k profit in the year to 31 Mar 2025. read from filing text

Watergate Developments Limited’s revenue fell 11% to £792k in the year to 31 Mar 2025, with £423k profit and 0 employees. The company is classified under “development of building projects” and is based in Hull; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projectsSIC 68100Buying and selling of own real estateSIC 68209Other letting and operating of own or leased real estate
Status
Active
Location
Hull, Yorkshire and The Humber
Age
22 yrs · since 2004
Type
Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The immediate parent undertaking is Wykeland Limited.”

Latest accounts · year to 31 Mar 2025

Key figures

Small team
Revenue
£792k
Growth ▼10.9%
Profit
£423k
Growth ▲390.3%
Profit margin
53.4%
 
Employees
0
Change —
Profit / employee
—
 
Profitable streak
3yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Mar 202331 Mar 202431 Mar 2025
DisclosureFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£798k£888k£792k
Operating profit£406k£513k£416k
Profit before tax£96.7k£105k£621k
Profit after tax£17.6k£86.2k£423k
Profit (best available)£17.6k£86.2k£423k
Employees (average)000
Ratios
Profit margin2.2%9.7%53.4%
Growth (year on year)
Revenue growth—▲11.3%▼10.9%
Profit growth—▲389.7%▲390.3%
Balance sheet — indirect signals, not revenue
Cash at bank£269k£146k£419k
Net assets£801k£887k£1.3m
Fixed assets£9.1m£10m£10.2m
Current assets£2.1m£1.9m£2.3m
Debtors£697k£672k£792k
Deferred income£711k£562k£703k
SourceFullAccounts · bulk data Dec 2024FullAccounts · bulk data Dec 2024FullAccounts · bulk data Dec 2025
Derived from the latest filing

How the business works

Profit margin
53.4%
Profit ÷ revenue.
Gross margin
—
Gross profit ÷ revenue. High for software and services.
Revenue per employee
—
Revenue ÷ average employees.
Profit per employee
—
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
1289%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
88.8%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
100%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets
▲48%
Now £1.3m
Cash at bank
▲187%
Now £419k
Headcount
—
Now 0
Deferred income
▲25%
Now £703k
Fixed assets
▲2%
Now £10.2m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Wykeland Group Limitedultimate parent75–100%
  2. Wykeland Developments (Holdings) Limited75–100%
  3. Wykeland Limited75–100%
  4. Watergate Developments Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (3)

Sister companies (3)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £423k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.