D & M WATT PROPERTIES LIMITED

Unaudited Financial Statements

for the Year Ended 30 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

D W N Watt-SNR

M A Watt

DWN Watt

SJ Dadd

REGISTERED OFFICE:

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

REGISTERED NUMBER:

05103489 (England and Wales)

ACCOUNTANTS:

Botros & Co

Chartered Accountants

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

BANKERS:

HSBC Bank plc

11 Sea View Street

Cleethorpes

East Lincolnshire

DN35 8EX

FIXED ASSETS

Tangible assets

4

1,283,109

1,285,710

CURRENT ASSETS

Debtors

5

-

2,804

Cash at bank and in hand

259,523

158,948

259,523

161,752

CREDITORS

Amounts falling due within one year

6

80,593

62,270

NET CURRENT ASSETS

178,930

99,482

TOTAL ASSETS LESS CURRENT LIABILITIES

1,462,039

1,385,192

CREDITORS

Amounts falling due after more than one year

7

620,000

620,000

NET ASSETS

842,039

765,192

CAPITAL AND RESERVES

Called up share capital

8

1,000

100

Retained earnings

9

841,039

765,092

SHAREHOLDERS' FUNDS

842,039

765,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 25 September 2025 and were signed on its behalf by:

M A Watt - Director

1.	STATUTORY INFORMATION

D & M Watt Properties 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

The turnover represents rent receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

and 30 April 2025

1,206,238

64,464

34,269

3,032

1,308,003

DEPRECIATION

At 1 May 2024

-

-

20,262

2,031

22,293

Charge for year

-

-

2,101

500

2,601

At 30 April 2025

-

-

22,363

2,531

24,894

NET BOOK VALUE

At 30 April 2025

1,206,238

64,464

11,906

501

1,283,109

At 30 April 2024

1,206,238

64,464

14,007

1,001

1,285,710

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Other debtors

-

2,804

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

-

(1

)

Taxation and social security

23,457

22,871

Other creditors

57,136

39,400

80,593

62,270

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Other creditors

620,000

620,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

600

Ordinary Share A

£1

600

100

(30.4.24 - 100 )

200

Ordinary Share B

£1

200

-

200

Ordinary Share C

£1

200

-

1,000

100

9.

RESERVES

Retained

earnings

£

At 1 May 2024

765,092

Profit for the year

76,947

Dividends

(1,000

)

At 30 April 2025

841,039