WATCHES INTERNATIONAL LIMITED

Company Registration Number:
03312335 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2025

Period of accounts

Start date: 01 May 2024

End date: 30 April 2025

WATCHES INTERNATIONAL LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2025

Balance sheet
Notes

WATCHES INTERNATIONAL LIMITED

Balance sheet

As at 30 April 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 40,806 13,012
Investments: 4 3,710,078 3,710,078
Total fixed assets: 3,750,884 3,723,090
Current assets
Debtors:   2,860,981 3,029,731
Cash at bank and in hand: 13,641 24,860
Total current assets: 2,874,622 3,054,591
Creditors: amounts falling due within one year:   (560,017) (526,195)
Net current assets (liabilities): 2,314,605 2,528,396
Total assets less current liabilities: 6,065,489 6,251,486
Creditors: amounts falling due after more than one year:   (2,000,000) (2,000,000)
Provision for liabilities: (822,078) (822,078)
Total net assets (liabilities): 3,243,411 3,429,408
Capital and reserves
Called up share capital: 20 20
Profit and loss account: 3,243,391 3,429,388
Shareholders funds: 3,243,411 3,429,408

The notes form part of these financial statements

WATCHES INTERNATIONAL LIMITED

Balance sheet statements

For the year ending 30 April 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 November 2025
and signed on behalf of the board by:

Name: G M Stein
Status: Director

The notes form part of these financial statements

WATCHES INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

WATCHES INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2025

2. Employees

2025 2024
Average number of employees during the period 21 23

WATCHES INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2025

3. Tangible Assets

Total
Cost £
At 01 May 2024 302,500
Additions 38,620
At 30 April 2025 341,120
Depreciation
At 01 May 2024 289,488
Charge for year 10,826
At 30 April 2025 300,314
Net book value
At 30 April 2025 40,806
At 30 April 2024 13,012

WATCHES INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2025

4. Fixed investments

Other investments £3,710,078 (2024 - £3,710,078)

WATCHES INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2025

5. Related party transactions

Name of the related party: Major Properties (London) Limited
Relationship:
A company in which G Stein is a director and shareholder
Description of the Transaction: Amount due from Major Properties (London) Limited
£
Balance at 01 May 2024 2,636,107
Balance at 30 April 2025 2,684,741
Name of the related party: Timepieces International Inc
Relationship:
A company in which G Stein is a director and shareholder
Description of the Transaction: Amount due to Timepieces International Inc
£
Balance at 01 May 2024 386,580
Balance at 30 April 2025 709,564
Name of the related party: Ralph Christian Inc
Relationship:
A company in which G Stein is a director and shareholder
Description of the Transaction: Amount due from Ralph Christian Inc
£
Balance at 01 May 2024 429,276
Balance at 30 April 2025 429,283
Name of the related party: Rosedale Limited
Relationship:
A company in which G Stein is a director and shareholder
Description of the Transaction: Amount due from Rosedale Limited
£
Balance at 01 May 2024 13
Balance at 30 April 2025 47
Name of the related party: Seasonvale Limited
Relationship:
A company in which G Stein is a director and shareholder
Description of the Transaction: Amount due from Seasonvale Limited
£
Balance at 01 May 2024 0
Balance at 30 April 2025 290,000
Name of the related party: Seedwell Limited
Relationship:
A company in which G Stein is a director and shareholder
Description of the Transaction: Amount due to Seedwell Limited
£
Balance at 01 May 2024 0
Balance at 30 April 2025 5,379
Name of the related party: Watches International Holdings Limited
Relationship:
Ultimate parent company
Description of the Transaction: Amount due to Watches International Holdings Limited
£
Balance at 01 May 2024 121
Balance at 30 April 2025 121
Name of the related party: G Stein
Relationship:
Director of the company
Description of the Transaction: Amount due to G Stein
£
Balance at 01 May 2024 0
Balance at 30 April 2025 2,902

During the year the company entered into the following transactions with companies in which G Stein was interested as a director and shareholder : Major Properties (London) Limited Interest received - £77,301 (2024 - £80,651) Timepieces International Inc. Income from the provision of buying services and managing the business of the company £768,220 (2024 - £996,345) Watches International Holdings Limited Dividend paid - £50,000 (2024 - £510,010) G Stein Interest payable by GM Stein £8,896 (2024 - £9,935) The trustees of the Watches International Limited Employee Benefit Trust Dividends payable for year £60,000 (2024 - £60,000) Accrued dividends £360,000 - (2024- £300,000) Amount due to the trust on future redemption of shares £2,000,000 (2024 - £2,000,000)