REGISTERED NUMBER: SC621929 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Watson Hale Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

422

844

Investment property

5

409,779

291,301

410,201

292,145

CURRENT ASSETS

Debtors

6

2,040

-

Cash at bank

496

2,086

2,536

2,086

CREDITORS

Amounts falling due within one year

7

(113,439

)

(74,464

)

NET CURRENT LIABILITIES

(110,903

)

(72,378

)

TOTAL ASSETS LESS CURRENT LIABILITIES

299,298

219,767

CREDITORS

Amounts falling due after more than one year

8

(282,967

)

(207,987

)

NET ASSETS

16,331

11,780

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

16,329

11,778

SHAREHOLDERS' FUNDS

16,331

11,780

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

J U Watson - Director

1.	STATUTORY INFORMATION

Watson Hale Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC621929. The registered office is 2 Buchley Farm Cottages, Bishopbriggs, Glasgow, United Kingdom, G64 3QN.

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.

Tangible fixed assets and depreciation

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 cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Investment property

During 2019-2020 and 2021-2022 the company purchased investment properties. In accordance with FRS 102 the value of the building has been attributed to investment purposes, shown separately as Investment property. No depreciation has been provided in respect of investment property. This represents a departure from the Companies Act requirements to provide for systematic annual depreciation of fixed assets. The directors consider that the adoption of this policy is necessary in order to give a true and fair view.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

5,555

DEPRECIATION

At 1 April 2024

4,711

Charge for year

422

At 31 March 2025

5,133

NET BOOK VALUE

At 31 March 2025

422

At 31 March 2024

844

5.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2024

291,301

Additions

118,478

At 31 March 2025

409,779

NET BOOK VALUE

At 31 March 2025

409,779

At 31 March 2024

291,301

The directors believe this remains a reasonable valuation of the property and have not obtained a more recent valuation.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

2,040

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

1,144

1,606

Other creditors

112,295

72,858

113,439

74,464

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

282,967

207,987

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

282,967

207,987

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Property Mortgage

282,967

207,987