| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 5 April 2025 |
| for |
| Watchbury FIC Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 5 April 2025 |
| for |
| Watchbury FIC Limited |
| Watchbury FIC Limited (Registered number: 09748572) |
| Contents of the Financial Statements |
| for the Year Ended 5 April 2025 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 7 |
| Watchbury FIC Limited |
| Company Information |
| for the Year Ended 5 April 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 Aston Court |
| Bromsgrove Technology Park |
| Bromsgrove |
| Worcestershire |
| B60 3AL |
| Watchbury FIC Limited (Registered number: 09748572) |
| Abridged Balance Sheet |
| 5 April 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors |
| Investments |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings |
| Watchbury FIC Limited (Registered number: 09748572) |
| Abridged Balance Sheet - continued |
| 5 April 2025 |
| 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 were approved by the director and authorised for issue on |
| Watchbury FIC Limited (Registered number: 09748572) |
| Notes to the Financial Statements |
| for the Year Ended 5 April 2025 |
| 1. | STATUTORY INFORMATION |
| Watchbury FIC Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| Financial instruments |
| Trade and other debtors/creditors |
| Trade and other debtors are recognised initially at transaction price less attributed transaction costs. Trade and other creditors are measured at amortised cost using effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financial transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of instrumental for a similar debt instrument. |
| Investment in preference and ordinary shares |
| Investment in equity instruments are measured initially at fair value, which is normally the transaction price. Transaction costs are excluded if the investments are subsequently measured at fair value through profit and loss. Subsequent to initial recognition investments that can be measured reliably are measured at fair value with changes recognised in the profit or loss. Other investments are measured at cost less impairment 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. |
| Watchbury FIC Limited (Registered number: 09748572) |
| Notes to the Financial Statements - continued |
| for the Year Ended 5 April 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Other income |
| Interest receivable |
| Other interest receivable and similar income include interest receivable on funds invested and net foreign exchange gains. |
| Interest income and interest payable are recognised in profit or loss as they accrue, using the effective interest method. Dividend income is recognised in the profit and loss account on the date the Company's right to receive payments is established. Foreign currency gains and losses are reported on a net basis. |
| Other financial instruments |
| Financial instruments not considered to be Basic Financial Instruments (Other financial instruments) |
| Other financial instruments not meeting the definition of Basic Financial Instruments are recognised initially at fair value. Subsequent to initial recognition other financial instruments are measured at fair value with changes recognised in the profit or loss. |
| Derivative financial instruments |
| Derivative financial instruments are recognised at fair value. The gain or loss on re-measurement to fair value is recognised immediately in profit or loss |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Watchbury FIC Limited (Registered number: 09748572) |
| Notes to the Financial Statements - continued |
| for the Year Ended 5 April 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 6 April 2024 |
| Additions |
| At 5 April 2025 |
| DEPRECIATION |
| At 6 April 2024 |
| Charge for year |
| At 5 April 2025 |
| NET BOOK VALUE |
| At 5 April 2025 |
| At 5 April 2024 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 6 April 2024 |
| Additions |
| At 5 April 2025 |
| NET BOOK VALUE |
| At 5 April 2025 |
| At 5 April 2024 |
| 6. | CONTINGENT LIABILITIES |
| There are no contingent liabilities. |
| 7. | POST BALANCE SHEET EVENTS |
| There are no material post balance sheet events. |
| 8. | CURRENT ASSET INVESTMENTS |
| Listed and Unlisted Investments | 05 Apr 2025 | 05 Apr 2024 |
| Current market value | 25,553,343 | 26,909,713 |
| 25,553,343 | 26,909,713 |
| The book cost of the above listed investments as at 05 April 2025 amounts to £20,359,636 (05 April 2024 £19,992,067). |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Watchbury FIC Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Watchbury FIC Limited for the year ended 5 April 2025 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Watchbury FIC Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Watchbury FIC Limited and state those matters that we have agreed to state to the director of Watchbury FIC Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Watchbury FIC Limited and its director for our work or for this report. |
| It is your duty to ensure that Watchbury FIC Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Watchbury FIC Limited. You consider that Watchbury FIC Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Watchbury FIC Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 1 Aston Court |
| Bromsgrove Technology Park |
| Bromsgrove |
| Worcestershire |
| B60 3AL |