REGISTERED NUMBER: 15647196 (England and Wales)

EB Watts Limited

Financial Statements

for the Period 15 April 2024 to 30 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P B Burns

R A Davies

G P Mclean

A W Weeds

REGISTERED OFFICE:

Westgate

Aldridge

Walsall

United Kingdom

WS9 8DJ

REGISTERED NUMBER:

15647196 (England and Wales)

AUDITORS:

TC Group

Statutory Auditor

Sterling House

97 Lichfield Street

Tamworth

Staffordshire

B79 7QF

FIXED ASSETS

Investments

4

3,000,000

TOTAL ASSETS LESS CURRENT LIABILITIES

3,000,000

CAPITAL AND RESERVES

Called up share capital

5

3,000,000

SHAREHOLDERS' FUNDS

3,000,000

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 28 October 2025 and were signed on its behalf by:

P B Burns - Director

1.	STATUTORY INFORMATION

EB Watts 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.

Preparation of consolidated financial statements

The financial statements contain information about EB Watts Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, EBW Holdings Limited, Westgate, Aldridge, Walsall, WS9 8DJ.

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.

Investments in subsidiaries

Investment in subsidiary companies are recognised at cost less any provision for impairment.

Taxation

Taxation for the period 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 period 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 period was NIL.

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

3,000,000

At 30 April 2025

3,000,000

NET BOOK VALUE

At 30 April 2025

3,000,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

286,031,000

G Ordinary

£0.01

2,860,310

13,969,000

B Ordinary

£0.01

139,690

3,000,000

The following shares were allotted and fully paid for cash at par during the period:

286,031,000 G Ordinary shares of £0.01 each

13,869,000 B Ordinary shares of £0.01 each

G Ordinary and B Ordinary shares were allotted and issued for non cash consideration in relation to a demerger agreement made between WCH Property Group Limited (Company number 15646862) and EB Watts Limited.

G Ordinary shares rank equally for voting purposes, dividend rights and distribution rights upon a winding up. The shares are not redeemable.

B Ordinary shares enttle their holders to dividend rights, distribution rights on a winding up, however, no voting rights. Shares are not redeemable.

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Darren Barlow (Senior Statutory Auditor)

for and on behalf of TC Group

7.	CONTINGENT LIABILITIES

The company has given cross guarantees to Close Brothers Limited in respect of amounts outstanding with fellow group and connected companies. At the balance sheet date these amounted to £1,425,738 (2024: £nil).

8.	ULTIMATE CONTROLLING PARTY

As at the year end the parent company is EBW Holdings Limited, a company incorporated in England and Wales. P Burns holds the controlling interest in the issued share capital of the parent company.

Group financial statements are prepared by EBW Holdings Limited and copies may be obtained from the Registrar of Companies, Companies House, Crown Way, Cardiff. CF4 3UZ.