REGISTERED NUMBER: 14667696 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Watts Group Yorkshire Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

W R Watts

D C Watts

Secretary:

P Thompson

Registered office:

Watts House

Carnaby Industrial Estate

Lancaster Road

Carnaby

East Yorkshire

YO13 3QY

Registered number:

14667696 (England and Wales)

Accountants:

Ashby Berry Coulsons Ltd

2 Belgrave Crescent

Scarborough

North Yorkshire

YO11 1UB

Fixed assets

Investments

4

1,679

745

Investment property

5

16,540,921

540,515

16,542,600

541,260

Current assets

Debtors

6

28,731

81,800

Cash at bank

49,776

20,867

78,507

102,667

Creditors

Amounts falling due within one year

7

15,533,523

614,701

Net current liabilities

(15,455,016

)

(512,034

)

Total assets less current liabilities

1,087,584

29,226

Capital and reserves

Called up share capital

8

936

2

Retained earnings

1,086,648

29,224

Shareholders' funds

1,087,584

29,226

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 17 November 2025 and were signed on its behalf by:

W R Watts - Director

1.	Statutory information

Watts Group Yorkshire 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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 NIL (2024 - NIL).

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 April 2024

745

Additions

934

At 31 March 2025

1,679

Net book value

At 31 March 2025

1,679

At 31 March 2024

745

In the opinion of the director, the aggregate value of the company's investment in the subsidiary undertaking is no less than the amount included in the balance sheet.

Details of investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Subsidiary Undertaking

Description of holding

Proportion of holding

Principle activity

Yorkshire Mineral Company Limited

Ordinary

100%

Operation of gravel and sand pits; mining of clays and kaolin

W.Clifford Watts Limited

Ordinary

100%

Operation of gravel and sand pits; mining of clays and kaolin

North Cotes Farm, Limited

Ordinary

100%

Growing of cereals (except rice), leguminous crops and oil seeds

5.	Investment property

Total

£

Fair value

At 1 April 2024

540,515

Additions

16,000,406

At 31 March 2025

16,540,921

Net book value

At 31 March 2025

16,540,921

At 31 March 2024

540,515

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Amounts owed by group undertakings

28,731

81,800

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

324

-

Amounts owed to group undertakings

500,000

600,000

Taxation and social security

19,142

13,801

Other creditors

15,014,057

900

15,533,523

614,701

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary Shares

1

936

2

9.	Going concern

The company's balance sheet shows net current liabilities of £15,455,016. The directors, have confirmed in writing that they will personally provide the funds necessary to ensure that the company will be able to meet its liabilities as they fall due up to at least 31 December 2026 and that repayment of the balances standing to the credit of their loan accounts and credit balances due to connected entities, in which they hold controlling interests, will be postponed until after that date to the extent that any repayment would prejudice the payment of the company's debts as they fall due.