REGISTERED NUMBER: 13900318 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

WAT320 LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A C Sufrin

REGISTERED OFFICE:

74 Brent Street

London

NW4 2ES

REGISTERED NUMBER:

13900318 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

4

3,000,000

3,000,000

CURRENT ASSETS

Debtors

5

-

15,180

Cash at bank and in hand

599

11,279

599

26,459

CREDITORS

Amounts falling due within one year

6

(222,817

)

(293,812

)

NET CURRENT LIABILITIES

(222,218

)

(267,353

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,777,782

2,732,647

CREDITORS

Amounts falling due after more than one year

7

(2,358,947

)

(2,358,113

)

PROVISIONS FOR LIABILITIES

(130,778

)

(130,778

)

NET ASSETS

288,057

243,756

CAPITAL AND RESERVES

Called up share capital

9

100

100

Fair value reserve

10

557,528

557,528

Retained earnings

10

(269,571

)

(313,872

)

SHAREHOLDERS' FUNDS

288,057

243,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 November 2025 and were signed by:

A C Sufrin - Director

1.	STATUTORY INFORMATION

WAT320 Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 2 (2024 - NIL ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

3,000,000

NET BOOK VALUE

At 28 February 2025

3,000,000

At 29 February 2024

3,000,000

Fair value at 28 February 2025 is represented by:

£

Valuation in 2024

688,306

Cost

2,311,694

3,000,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

-

780

Other debtors

-

14,400

-

15,180

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

34,349

41,927

Other creditors

112,177

201,030

Accrued expenses

76,291

50,855

222,817

293,812

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans more 5 yrs non-inst

2,358,947

2,358,113

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

2,358,947

2,358,113

8.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Bank loans

2,358,947

2,358,113

Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 March 2024

(313,872

)

557,528

243,656

Profit for the year

44,301

44,301

At 28 February 2025

(269,571

)

557,528

287,957

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A C Sufrin.