REGISTERED NUMBER: 04224242 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

STEVE WATTS HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr SE Watts

REGISTERED OFFICE:

Westfield

Leicester Road

Blaby

Leicester

LE8 4GQ

REGISTERED NUMBER:

04224242 (England and Wales)

FIXED ASSETS

Tangible assets

4

424,261

432,840

Investments

5

696,635

696,635

1,120,896

1,129,475

CURRENT ASSETS

Cash at bank and in hand

500,297

1

CREDITORS

Amounts falling due within one year

6

892,117

398,285

NET CURRENT LIABILITIES

(391,820

)

(398,284

)

TOTAL ASSETS LESS CURRENT LIABILITIES

729,076

731,191

CAPITAL AND RESERVES

Called up share capital

5,001

5,001

Share premium

457,000

457,000

Revaluation reserve

249,977

249,977

Retained earnings

17,098

19,213

SHAREHOLDERS' FUNDS

729,076

731,191

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 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 22 December 2025 and were signed by:

Mr SE Watts - Director

1.	STATUTORY INFORMATION

Steve Watts Holdings 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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

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

Freehold property

-

2% on cost or valuation

Freehold property includes land, which is not depreciated.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

Consolidation

The financial statements contain information about Steve Watts Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under section 248 of the Companies Act 1985 from the requirement to prepare consolidated financial statements as the group it heads qualifies as a small group.

Investments

Investments are included at cost. Profits or losses arising from disposals of fixed asset investments are treated as part of the result from ordinary activities.

Investment income

Investment income comprises dividends and share of profits or losses and is accounted for on a receivable basis.

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.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

450,000

DEPRECIATION

At 1 April 2024

17,160

Charge for year

8,579

At 31 March 2025

25,739

NET BOOK VALUE

At 31 March 2025

424,261

At 31 March 2024

432,840

The valuation is valued on an open market basis by the director of the company.

No depreciation is provided on the cost of land included within the freehold property. The estimated cost of land attributable to the freehold portion is £21,012 (2024: £21,012).

If no revaluation had been undertaken the portion attributable to freehold property would show at the following historical cost.

2025

2024

£

£

Cost

317,111

317,111

Aggregate depreciation

39,465

39,465

Cost or valuation at 31 March 2025 is represented by:

Freehold

property

£

Valuation in 2022

450,000

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

696,635

NET BOOK VALUE

At 31 March 2025

696,635

At 31 March 2024

696,635

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

4

Amounts owed to group undertakings

890,845

378,045

Taxation and social security

31

-

Other creditors

1,241

20,236

892,117

398,285

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

-

4

The loans are secured on the freehold property.

8.	RELATED PARTY DISCLOSURES

At 31 March 2025 the director was owed £984 (2024: £7,811) on their directors loan account.

No interest was charged on the above balances.