Wats Developers Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3

Registered number: 14748016

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		456,613		452,418

			456,613		452,418
CURRENT ASSETS
Cash at bank and in hand		13		-

		13		-
Creditors: Amounts Falling Due Within One Year		(535,303 )		(503,725 )

NET CURRENT ASSETS (LIABILITIES)			(535,290 )		(503,725 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(78,677 )		(51,307 )

NET LIABILITIES			(78,677 )		(51,307 )

CAPITAL AND RESERVES
Called up share capital	5		2		2
Profit and Loss Account			(78,679 )		(51,309 )

SHAREHOLDERS' FUNDS			(78,677)		(51,307)

Page 1

Page 2

Wats Developers Ltd

Abridged Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit 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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Asim Hussain

Director

23 December 2025

The notes on page 3 form part of these financial statements.

1. General Information

Wats Developers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14748016 . The registered office is 20-22 Wenlock Road, London, N1 7GU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The accounts have been prepared on a going concern basis, despite the fact that gross liabilities of the company exceed its assets at the balance sheet date. In arriving at this conclusion the company is reliant upon the continued support of the company's bankers and directors.

While the company remains subject to the same economic uncertainties confronting all businesses, the directors continually take steps to identify, manage and mitigate business risk. The results for the current financial year are showing substantial improvement and as such the basis of preparation is considered to be satisfactory.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

NIL

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	452,418
Additions	4,195

As at 31 March 2025	456,613

Net Book Value
As at 31 March 2025	456,613

As at 1 April 2024	452,418

5. Share Capital

	31 March 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	2	2

6. Related Party Transactions

QRM Ltd

During the year amounts totalling £4,195 (2024: 275,240) was received from QRM Ltd. At the year end a total in the sum of £279,435 (2024: £275,240) was due to QRM Ltd.

QRM Holdings Ltd

During the year amounts totalling £237,656 (2024: 14,694) was received from QRM Ltd. At the year end a total in the sum of £252,350 (2024: £14,694) was due to QRM Holdings Ltd.

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