BrightAccountsProduction v1.0.0 v1.0.0 2024-12-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts Buying and selling of own real estate
Other letting and operating of own or leased real estate 28 April 2026 0 0 14516623 2025-11-30 14516623 2024-11-30 14516623 2023-11-30 14516623 2024-12-01 2025-11-30 14516623 2023-12-01 2024-11-30 14516623 uk-bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 14516623 uk-curr:PoundSterling 2024-12-01 2025-11-30 14516623 uk-bus:FullAccounts 2024-12-01 2025-11-30 14516623 uk-bus:Director1 2024-12-01 2025-11-30 14516623 uk-bus:Director2 2024-12-01 2025-11-30 14516623 uk-bus:RegisteredOffice 2024-12-01 2025-11-30 14516623 uk-bus:Agent1 2024-12-01 2025-11-30 14516623 uk-core:ShareCapital 2025-11-30 14516623 uk-core:ShareCapital 2024-11-30 14516623 uk-core:RetainedEarningsAccumulatedLosses 2025-11-30 14516623 uk-core:RetainedEarningsAccumulatedLosses 2024-11-30 14516623 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-11-30 14516623 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-11-30 14516623 uk-bus:FRS102 2024-12-01 2025-11-30 14516623 uk-core:WithinOneYear 2025-11-30 14516623 uk-core:WithinOneYear 2024-11-30 14516623 uk-core:AfterOneYear 2025-11-30 14516623 uk-core:AfterOneYear 2024-11-30 14516623 uk-core:AfterOneYear 2025-11-30 14516623 uk-core:AfterOneYear 2024-11-30 14516623 uk-core:MoreThanFiveYears 2025-11-30 14516623 uk-core:MoreThanFiveYears 2024-11-30 14516623 2024-12-01 2025-11-30 14516623 uk-bus:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 xbrli:pure iso4217:GBP xbrli:shares

Watts Property Consortium Limited

Directors' Report and Unaudited Financial Statements

for the financial year ended 30 November 2025

Watts Property Consortium Limited

DIRECTORS AND OTHER INFORMATION

Directors | Mr Benjamin Frank Watts
| Mr Samuel Frank Watts
Company Registration Number | 14516623
Registered Office | 105 London Road
| Benfleet
| Essex
| SS7 5TG
| Northern Ireland
Accountants | Rocket Accountants Limited
| 105 London Road
| Benfleet
| ESS
| SS7 5TG
| GB

Watts Property Consortium Limited

DIRECTORS' REPORT

for the financial year ended 30 November 2025

The directors present their report and the unaudited financial statements for the financial year ended 30 November 2025.

Principal Activity

Buying and selling of own real estate Other letting and operating of own or leased real estate

Directors

The directors who served during the financial year are as follows:

Mr Benjamin Frank Watts

Mr Samuel Frank Watts

There were no changes in shareholdings between 30 November 2025 and the date of signing the financial statements.

In accordance with the Constitution, the directors retire by rotation and, being eligible, offer themselves for re-election.

Political Contributions

The company did not make any disclosable political donations in the current financial year.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and apply them consistently;
- | make judgements and accounting estimates that are reasonable and prudent;
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Mr Benjamin Frank Watts

Director

___________________________

Mr Samuel Frank Watts

Director

28 April 2026

Watts Property Consortium Limited

PROFIT AND LOSS ACCOUNT

for the financial year ended 30 November 2025

|  | 2025 |  | 2024
| Notes | £ |  | £

Turnover |  | 24,528 |  | 19,250
Cost of sales |  | (500) |  | -
|  | ───────── |  | ─────────
Gross profit |  | 24,028 |  | 19,250
Administrative expenses |  | (6,413) |  | (5,505)
|  | ───────── |  | ─────────
Operating profit |  | 17,615 |  | 13,745
Interest payable and similar expenses | 3 | (12,637) |  | (11,584)
|  | ───────── |  | ─────────
Profit before taxation |  | 4,978 |  | 2,161
Tax on profit | 5 | (250) |  | -
|  | ───────── |  | ─────────
Profit for the financial year |  | 4,728 |  | 2,161
|  | ───────── |  | ─────────
Total comprehensive income |  | 4,728 |  | 2,161
|  | ═════════ |  | ═════════

Watts Property Consortium Limited

Company Registration Number: 14516623

BALANCE SHEET

as at 30 November 2025

|  |  | 2025 |  | 2024
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 6 | 354,493 |  | 354,493
|  |  | ───────── |  | ─────────
Current Assets

Debtors |  | 7 | 880 |  | 760
Cash and cash equivalents |  |  | 8,775 |  | 3,917
|  |  | ───────── |  | ─────────
|  |  | 9,655 |  | 4,677
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 8 | (970) |  | (1,680)
|  |  | ───────── |  | ─────────
Net Current Assets |  |  | 8,685 |  | 2,997
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 363,178 |  | 357,490
Creditors:

amounts falling due after more than one year |  | 9 | (361,952) |  | (360,992)
|  |  | ───────── |  | ─────────
Net Assets/(Liabilities) |  |  | 1,226 |  | (3,502)
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 160 |  | 160
Retained earnings |  |  | 1,066 |  | (3,662)
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | 1,226 |  | (3,502)
|  |  | ═════════ |  | ═════════
These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 28 April 2026 and signed on its behalf by

________________________________ |  |  |  |  |
Mr Benjamin Frank Watts |  |  |  |  |
Director |  |  |  |  |
________________________________

Mr Samuel Frank Watts

Director

Watts Property Consortium Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 November 2025

1. | General Information
| Watts Property Consortium Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 14516623. The registered office of the company is 105 London Road, Benfleet, Essex, SS7 5TG, Northern Ireland. Buying and selling of own real estate Other letting and operating of own or leased real estate The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial year ended 30 November 2025 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Cash flow statement
| The company has availed of the exemption in FRS 102 from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.
| Turnover
| Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
| Investment properties
| Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Profit and Loss Account.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Borrowing costs
| Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Employee benefits
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
| Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Interest payable and similar expenses | 2025 | 2024
|  | £ | £
| On bank loans and overdrafts | 12,637 | 11,584
|  | ═════════ | ═════════

4. | Employees
| The average monthly number of employees, including directors, during the financial year was 0, (2024 - 0).

5. | Tax on profit
|  | 2025 | 2024
|  | £ | £
| (a) Analysis of charge in the financial year
| Current tax:
| Corporation tax at 19.00% (Note 5 (b)) | 250 | -
|  | ═════════ | ═════════
| (b) Factors affecting tax charge for the financial year
| The tax assessed for the financial year differs from the standard rate of corporation tax in United Kingdom (2024 - 19.00%). The differences are explained below:
|  | 2025 | 2024
|  | £ | £
| Profit taxable at 19.00% | 4,978 | 2,161
|  | ═════════ | ═════════
| Profit before tax
| multiplied by the standard rate of corporation tax
| in United Kingdom at 19.00% | 946 | -
| Effects of:
| Adjustment to tax charge in respect of previous periods | (696) | -
|  | ───────── | ─────────
| Total tax charge for the financial year (Note 5 (a)) | 250 | -
|  | ═════════ | ═════════

6. | Tangible assets
|  | Investment | Total
|  | properties |
|  | £ | £
| Cost
| At 1 December 2024 | 354,493 | 354,493
|  | ───────── | ─────────
| At 30 November 2025 | 354,493 | 354,493
|  | ───────── | ─────────
| Depreciation
| At 1 December 2024 | - | -
|  | ───────── | ─────────
| At 30 November 2025 | - | -
|  | ───────── | ─────────
| Net book value
| At 30 November 2025 | 354,493 | 354,493
|  | ═════════ | ═════════
| At 30 November 2024 | 354,493 | 354,493
|  | ═════════ | ═════════

7. | Debtors | 2025 | 2024
|  | £ | £
| Trade debtors | 880 | 760
|  | ═════════ | ═════════

8. | Creditors | 2025 | 2024
| Amounts falling due within one year | £ | £
| Taxation (Note 10) | 250 | -
| Accruals | 720 | 1,680
|  | ───────── | ─────────
|  | 970 | 1,680
|  | ═════════ | ═════════

9. | Creditors | 2025 | 2024
| Amounts falling due after more than one year | £ | £
| Bank loan | 251,250 | 251,250
| Directors' loan accounts | 110,702 | 109,742
|  | ───────── | ─────────
|  | 361,952 | 360,992
|  | ═════════ | ═════════
| Loans
| Repayable in five years or more | 251,250 | 251,250
|  | ═════════ | ═════════

10. | Taxation | 2025 | 2024
|  | £ | £
| Creditors:
| Corporation tax | 250 | -
|  | ═════════ | ═════════

11. | Capital commitments
| The company had no material capital commitments at the financial year-ended 30 November 2025.

12. | Directors' advances, credits and guarantees
| During the financial year, the company made a loan to a directors amounting to £........ Interest at the rate of .... per annum is payable half-yearly and the loan is repayable on ................

13. | Post-Balance Sheet Events
| There have been no significant events affecting the company since the financial year-end.