2 29 September 2025 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 9,500,000 9,500,000 9,500,000 xbrli:pure xbrli:shares iso4217:GBP 14526430 2024-01-01 2024-12-31 14526430 2024-12-31 14526430 2023-12-31 14526430 2022-12-07 2023-12-31 14526430 2023-12-31 14526430 2022-12-06 14526430 bus:Director1 2024-01-01 2024-12-31 14526430 bus:Director3 2024-01-01 2024-12-31 14526430 core:WithinOneYear 2024-12-31 14526430 core:WithinOneYear 2023-12-31 14526430 core:ShareCapital 2024-12-31 14526430 core:ShareCapital 2023-12-31 14526430 core:RetainedEarningsAccumulatedLosses 2024-12-31 14526430 core:RetainedEarningsAccumulatedLosses 2023-12-31 14526430 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-31 14526430 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 14526430 bus:Director2 2024-01-01 2024-12-31 14526430 bus:SmallEntities 2024-01-01 2024-12-31 14526430 bus:Audited 2024-01-01 2024-12-31 14526430 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14526430 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14526430 bus:FullAccounts 2024-01-01 2024-12-31 14526430 1 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: 14526430
Watford 22 Limited
Filleted Financial Statements
31 December 2024
Watford 22 Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
9,500,000
9,500,000
Current assets
Debtors
6
23,008
24,365
Cash at bank and in hand
126,507
148,191
---------
---------
149,515
172,556
Creditors: amounts falling due within one year
7
9,350,202
9,523,100
------------
------------
Net current liabilities
9,200,687
9,350,544
------------
------------
Total assets less current liabilities
299,313
149,456
---------
---------
Net assets
299,313
149,456
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
299,213
149,356
---------
---------
Shareholders funds
299,313
149,456
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:
R Pankhania
S Ladwa
Director
Director
Company registration number: 14526430
Watford 22 Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 173 Cleveland Street, London, W1T 6QR, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises of proceeds from property sales, rental income, and other fees receivable and is stated net of value added tax where appropriate. Revenue relating to property sales is recognised when legally binding contracts which are irrevocable and effectively unconditional are exchanged and, when completion has taken place prior to the date on which the financial statements are approved.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Investment property
£
Cost
At 1 January 2024 and 31 December 2024
9,500,000
------------
Depreciation
At 1 January 2024 and 31 December 2024
–
------------
Carrying amount
At 31 December 2024
9,500,000
------------
At 31 December 2023
9,500,000
------------
The fair value of the investment property has been arrived at by adjusting for any movements as deemed appropriate by the directors to 31 December 2024 by reference to the sales proceeds received post year end. No depreciation or amortisation is provided is respect of the investment property. The historical cost of the investment property amounted to £9,500,000.
6. Debtors
2024
2023
£
£
Trade debtors
10,062
2,920
Other debtors
12,946
21,445
--------
--------
23,008
24,365
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
–
4,247,949
Trade creditors
8,795
–
Amounts owed to group undertakings and undertakings in which the company has a participating interest
7,522,352
4,129,901
Corporation tax
–
45,196
Other creditors
1,819,055
1,100,054
------------
------------
9,350,202
9,523,100
------------
------------
8. Events after the end of the reporting period
Subsequent to the year end, the investment property was sold to a third party on 7 April 2025.
9. Summary audit opinion
The auditor's report dated 29 September 2025 was unqualified .
The senior statutory auditor was Shammir Shah , for and on behalf of Chamberlains UK LLP .
10. Related party transactions
As the company is a wholly owned subsidiary of Bencameron Limited, the company has taken advantage of the exemption afforded by FRS 102 not to disclose transactions or balances with other wholly owned members of the group.
11. Controlling party
The company is a wholly owned subsidiary of Bencameron Limited , a company registered in the British Virgin Islands.