IRIS Accounts Production v24.3.2.46 04180514 director 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model Ordinary A shares 1.00000 Ordinary B Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041805142023-08-31041805142024-08-31041805142023-09-012024-08-31041805142022-08-31041805142022-09-012023-08-31041805142023-08-3104180514ns15:EnglandWales2023-09-012024-08-3104180514ns14:PoundSterling2023-09-012024-08-3104180514ns10:Director12023-09-012024-08-3104180514ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3104180514ns10:SmallEntities2023-09-012024-08-3104180514ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3104180514ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3104180514ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3104180514ns10:FullAccounts2023-09-012024-08-3104180514ns10:OrdinaryShareClass12023-09-012024-08-3104180514ns10:OrdinaryShareClass22023-09-012024-08-3104180514ns10:RegisteredOffice2023-09-012024-08-3104180514ns5:CurrentFinancialInstruments2024-08-3104180514ns5:CurrentFinancialInstruments2023-08-3104180514ns5:ShareCapital2024-08-3104180514ns5:ShareCapital2023-08-3104180514ns5:RetainedEarningsAccumulatedLosses2024-08-3104180514ns5:RetainedEarningsAccumulatedLosses2023-08-3104180514ns5:PlantMachinery2023-09-012024-08-3104180514ns5:PlantMachinery2023-08-3104180514ns5:PlantMachinery2024-08-3104180514ns5:PlantMachinery2023-08-3104180514ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3104180514ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3104180514ns10:OrdinaryShareClass12024-08-3104180514ns10:OrdinaryShareClass22024-08-31
REGISTERED NUMBER: 04180514 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

N WATSON DEVELOPMENTS LIMITED

N WATSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04180514)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


N WATSON DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr N Watson



REGISTERED OFFICE: 2 Linden Grove
Rawcliffe
York
North Yorkshire
YO30 6SY



REGISTERED NUMBER: 04180514 (England and Wales)



ACCOUNTANTS: Smith Wilson
2 Acomb Court
Acomb
York
North Yorkshire
Y024 3BJ



BANKERS: HSBC Bank Plc
13 Parliament Street
York
YO1 8XS

N WATSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04180514)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,176 1,578
Investment property 5 351,787 346,487
352,963 348,065

CURRENT ASSETS
Debtors 6 1,035 114
Cash at bank 2,579 -
3,614 114
CREDITORS
Amounts falling due within one year 7 264,965 236,637
NET CURRENT LIABILITIES (261,351 ) (236,523 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,612

111,542

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 91,609 111,539
SHAREHOLDERS' FUNDS 91,612 111,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 March 2025 and were signed by:





Mr N Watson - Director


N WATSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04180514)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

N Watson Developments 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

N WATSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04180514)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 31,352
DEPRECIATION
At 1 September 2023 29,774
Charge for year 402
At 31 August 2024 30,176
NET BOOK VALUE
At 31 August 2024 1,176
At 31 August 2023 1,578

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 346,487
Additions 5,300
At 31 August 2024 351,787
NET BOOK VALUE
At 31 August 2024 351,787
At 31 August 2023 346,487

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 114 114
VAT 921 -
1,035 114

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 4,843
Other loans 17,308 26,860
Tax 3,585 2,842
VAT - 4,083
Other creditors 1,450 1,450
Directors' current accounts 242,622 196,559
264,965 236,637

N WATSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04180514)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary A shares £1 2 2
1 Ordinary B Shares £1 1 1
3 3