IRIS Accounts Production v25.2.0.378 01068030 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010680302024-01-31010680302025-01-31010680302024-02-012025-01-31010680302023-01-31010680302023-02-012024-01-31010680302024-01-3101068030ns15:EnglandWales2024-02-012025-01-3101068030ns14:PoundSterling2024-02-012025-01-3101068030ns10:Director12024-02-012025-01-3101068030ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3101068030ns10:SmallEntities2024-02-012025-01-3101068030ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3101068030ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3101068030ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3101068030ns10:FullAccounts2024-02-012025-01-3101068030ns10:Director22024-02-012025-01-3101068030ns10:CompanySecretary12024-02-012025-01-3101068030ns10:RegisteredOffice2024-02-012025-01-3101068030ns5:CurrentFinancialInstruments2025-01-3101068030ns5:CurrentFinancialInstruments2024-01-3101068030ns5:Non-currentFinancialInstruments2025-01-3101068030ns5:Non-currentFinancialInstruments2024-01-3101068030ns5:ShareCapital2025-01-3101068030ns5:ShareCapital2024-01-3101068030ns5:RetainedEarningsAccumulatedLosses2025-01-3101068030ns5:RetainedEarningsAccumulatedLosses2024-01-3101068030ns5:PlantMachinery2024-02-012025-01-3101068030ns5:PlantMachinery2024-01-3101068030ns5:PlantMachinery2025-01-3101068030ns5:PlantMachinery2024-01-3101068030ns5:CostValuation2024-01-3101068030ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3101068030ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3101068030ns5:WithinOneYear2025-01-3101068030ns5:WithinOneYear2024-01-3101068030ns5:BetweenOneFiveYears2025-01-3101068030ns5:BetweenOneFiveYears2024-01-3101068030ns5:AllPeriods2025-01-3101068030ns5:AllPeriods2024-01-31
REGISTERED NUMBER: 01068030 (England and Wales)









Financial Statements

for the Year Ended 31 January 2025

for

Watchtower Finance Limited

Watchtower Finance Limited (Registered number: 01068030)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Watchtower Finance Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: M Gershon
Mrs S Newton





SECRETARY: Mrs S Newton





REGISTERED OFFICE: c/o Parker Cavendish, Suite 301
Stanmore Business and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW





REGISTERED NUMBER: 01068030 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
Suite 301, Stanmore Business
and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW

Watchtower Finance Limited (Registered number: 01068030)

Statement of Financial Position
31 January 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,004 3,107
Investments 5 2,000 2,000
4,004 5,107

CURRENT ASSETS
Debtors 6 820,026 800,000
Cash at bank and in hand 8,223 7,542
828,249 807,542
CREDITORS
Amounts falling due within one year 7 (179,212 ) (64,175 )
NET CURRENT ASSETS 649,037 743,367
TOTAL ASSETS LESS CURRENT
LIABILITIES

653,041

748,474

CREDITORS
Amounts falling due after more than one
year

8

(158,500

)

(158,500

)
NET ASSETS 494,541 589,974

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 493,541 588,974
SHAREHOLDERS' FUNDS 494,541 589,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:



M Gershon - Director


Watchtower Finance Limited (Registered number: 01068030)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Watchtower Finance 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.

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

Income is recognised when the service is provided.

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

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 3 (2024 - 3 ) .

Watchtower Finance Limited (Registered number: 01068030)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 66,311
DEPRECIATION
At 1 February 2024 63,204
Charge for year 1,103
At 31 January 2025 64,307
NET BOOK VALUE
At 31 January 2025 2,004
At 31 January 2024 3,107

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2024
and 31 January 2025 2,000
NET BOOK VALUE
At 31 January 2025 2,000
At 31 January 2024 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 175,364 184,999
Other debtors 644,662 615,001
820,026 800,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 2,659 1,771
Other creditors 176,553 62,404
179,212 64,175

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Other creditors 158,500 158,500

Watchtower Finance Limited (Registered number: 01068030)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 8,000 7,416
Between one and five years 4,667 12,667
12,667 20,083

10. RELATED PARTY DISCLOSURES

Included within other debtors due within one year are amounts due from related companies Broad Oak Finance Ltd, Misuma Limited and Compass Residential Limited £4,659 (2024: £2,580 other creditors), £577,001 (2024: £557,001) and £63,000 (2024: £58,000) respectively. These amounts have been provided unsecured, interest free and are repayable on demand.

Included within other creditors due within one year are amounts due to related companies Fortmill Finance Limited, Hartmead Finance Limited and Keycroft Finance Limited of £18,697 (2024: £20,396), £19,802 (2024: £8,868) and £17,137 (2024: £18,260) respectively. These amounts have been provided unsecured, interest free and are repayable on demand.

Included within other creditors due within one year is capital introduced of £50,000 (2024: £nil) due to the director Mrs S Newton which has been provided unsecured and is repayable on demand. Interest of 6% has been charged during the year amounting to £443 (2024: £nil).