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WATT HEALTH HOLDINGS LTD

Registered Number
13961385
(England and Wales)

Unaudited Financial Statements for the Period ended
31 August 2024

WATT HEALTH HOLDINGS LTD
Company Information
for the period from 1 April 2023 to 31 August 2024

Directors

WATT, Nicholas George
WATT, Stephanie Leanne

Registered Address

C/O Xeinadin
First Floor, Secure House, Lulworth Close,
Chandler's Ford
SO53 3TL

Registered Number

13961385 (England and Wales)
WATT HEALTH HOLDINGS LTD
Balance Sheet as at
31 August 2024

Notes

31 Aug 2024

31 Mar 2023

£

£

£

£

Fixed assets
Tangible assets3511,266590,079
511,266590,079
Current assets
Cash at bank and on hand38825
38825
Creditors amounts falling due within one year4(363,199)(360,065)
Net current assets (liabilities)(363,161)(359,240)
Total assets less current liabilities148,105230,839
Creditors amounts falling due after one year5(96,997)(228,646)
Net assets51,1082,193
Capital and reserves
Called up share capital50,2022
Profit and loss account9062,191
Shareholders' funds51,1082,193
The financial statements were approved and authorised for issue by the Board of Directors on 25 April 2025, and are signed on its behalf by:
WATT, Nicholas George
Director
Registered Company No. 13961385
WATT HEALTH HOLDINGS LTD
Notes to the Financial Statements
for the period ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings25
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 April 23571,33119,993591,324
Revaluations(60,065)-(60,065)
Transfers-(19,993)(19,993)
At 31 August 24511,266-511,266
Depreciation and impairment
At 01 April 23-1,2451,245
Other adjustments-(1,245)(1,245)
Net book value
At 31 August 24511,266-511,266
At 31 March 23571,33118,748590,079
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts344,823357,267
Amounts owed to related parties14,147398
Taxation and social security1,728-
Accrued liabilities and deferred income2,5012,400
Total363,199360,065
5.Creditors: amounts due after one year

2024

2023

££
Amounts owed to related parties96,997228,646
Total96,997228,646
6.Related party transactions
As of the 31st August 2024 the below amounts are owed to Watt Health Ltd. £96,997 (2023: £228,646) As of the 31st August 2024 the below amounts are owed to the directors, Mr & Mrs Watt. £14,147 (2023: £398)