ACCOUNTS - Final Accounts preparation

Registered number: 12168686

Waldens Engineering Limited

Financial statements

For the Year Ended 31 March 2025

Waldens Engineering Limited

Company Information

Directors	T J Bishop
	T M Bishop
	S E Bishop
	S M Bishop


Registered number	12168686


Registered office	Waldens Depot
	Waldens Road
	Orpington
	Kent
	BR5 4EU


Independent auditors	Hurst Accountants Limited
	Statutory Auditors & Chartered Accountants
	3 Stockport Exchange
	Stockport
	Cheshire
	SK1 3GG

Waldens Engineering Limited

Contents

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 4

Waldens Engineering Limited

Registered number: 12168686

Balance Sheet

As at 31 March 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	-		18
Cash at bank and in hand	5	7		271
		7		289
Creditors: amounts falling due within one year	6	(333,929)		(332,210)
Net current liabilities			(333,922)		(331,921)
Total assets less current liabilities			(333,922)		(331,921)

Net liabilities			(333,922)		(331,921)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(334,022)	(332,021)
	(333,922)	(331,921)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S E Bishop	T M Bishop
Director	Director

Date: 16 December 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

Waldens Engineering Limited

Notes to the Financial Statements

For the Year Ended 31 March 2025

1.	General information

Waldens Engineering Limited ('the Company') is a private limited company domiciled and incorporated in England and Wales.
The address of its registered office and principal place of business is Waldens Depot, Waldens Road, Orpington, Kent, BR5 4EU.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The reporting period is the year ended 31 March 2025. As the previous reporting period was the 18 months ended 31 March 2024, the comparative amounts presented in the financial statements are not entirely comparable.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

At 31 March 2025, the Company has net liabilities totalling £334k (2024: £332k). The Company is effectively no longer trading and the directors have, therefore, prepared the financial statements on a basis other than going concern.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

Waldens Engineering Limited

Notes to the Financial Statements

For the Year Ended 31 March 2025

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment

25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.7

Creditors

Short-term creditors are measured at the transaction price.

Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 4).

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	-	18

5.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	7	271

Page 3

Waldens Engineering Limited

Notes to the Financial Statements

For the Year Ended 31 March 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	118,762	118,655
Amounts owed to group undertakings	212,567	209,465
Other taxation and social security	-	840
Accruals and deferred income	2,600	3,250
	333,929	332,210

7.	Contingent liabilities

Contingent liabilities of £6m are currently known to exist in relation to claims received during the period. The directors do not view these claims as having any validity and they are currently being dealt with by the insurers.

8.	Controlling party

The Company is a wholly owned subsidiary of Watch It Come Down Limited, which is the ultimate parent of the group and is controlled by the board of directors of this Company.
Watch It Come Down Limited is the parent of the smallest group for which consolidated financial statements are drawn up of which this Company is a member. Watch It Come Down Limited’s registered office is Waldens Road, Orpington, Kent, BR5 4EU.

9.	Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

In their report, the auditors emphasised the following matter without qualifying their report:

Attention was drawn to note 2.2 to the financial statements. In forming their opinion on the financial statements, which is not modified, the auditors have considered the adequacy of the disclosure in note 2.2, which explains that the Company is effectively no longer trading and the directors, therefore, do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.

The audit report was signed on 16 December 2025 by Anthony Woodings (Senior Statutory Auditor) on behalf of Hurst Accountants Limited.

Page 4