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REGISTERED NUMBER: 04071951 (England and Wales)















Financial Statements for the Year Ended 31 December 2021

for

D & E Watson Properties Limited

D & E Watson Properties Limited (Registered number: 04071951)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D & E Watson Properties Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: D Watson
Mrs E Watson





SECRETARY: Mrs E Watson





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 04071951 (England and Wales)





ACCOUNTANTS: Cobham Murphy Limited
116 Duke Street
Liverpool
Merseyside
L1 5JW

D & E Watson Properties Limited (Registered number: 04071951)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,427,659 1,427,659
1,427,659 1,427,659

CURRENT ASSETS
Debtors 6 4,014 2,374
Cash at bank and in hand 25,693 16,519
29,707 18,893
CREDITORS
Amounts falling due within one year 7 291,184 259,173
NET CURRENT LIABILITIES (261,477 ) (240,280 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,166,182

1,187,379

CREDITORS
Amounts falling due after more than one year 8 (546,250 ) (561,250 )

PROVISIONS FOR LIABILITIES (65,098 ) (65,098 )
NET ASSETS 554,834 561,031

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 553,834 560,031
SHAREHOLDERS' FUNDS 554,834 561,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

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.

D & E Watson Properties Limited (Registered number: 04071951)

Balance Sheet - continued
31 December 2021


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 and authorised for issue on 5 September 2022 and were signed on its behalf by:





Mrs E Watson - Director


D & E Watson Properties Limited (Registered number: 04071951)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

D & E Watson Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Taking Covid-19 into consideration the accounts have been prepared on a going concern basis as the properties have been rented throughout the pandemic.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the rents received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised as the rent becomes due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.

D & E Watson Properties Limited (Registered number: 04071951)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2021
and 31 December 2021 8,852
DEPRECIATION
At 1 January 2021
and 31 December 2021 8,852
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021
and 31 December 2021 1,427,659
NET BOOK VALUE
At 31 December 2021 1,427,659
At 31 December 2020 1,427,659

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 4,014 2,374

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 15,000 15,000
Trade creditors 675 1,643
Taxation and social security 14,579 14,520
Other creditors 260,930 228,010
291,184 259,173

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans 546,250 561,250

D & E Watson Properties Limited (Registered number: 04071951)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Bank loans 561,250 576,250