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Registration number: 15891244

Watson Buckle Group Limited
Unaudited Filleted Financial Statements
for the Period from 12 August 2024 to 31 December 2025

Watson Buckle Group Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

Watson Buckle Group Limited

(Registration number: 15891244)
Balance Sheet as at 31 December 2025

| Note | 2025 £
Fixed assets |  |  |
Investments | 4 |  | 1,760,771
Current assets |  |  |
Cash at bank and in hand |  | 264 |
Creditors: Amounts falling due within one year | 5 | (470,999) |
Net current liabilities |  |  | (470,735)
Total assets less current liabilities |  |  | 1,290,036
Creditors: Amounts falling due after more than one year | 5 |  | (578,998)
Net assets |  |  | 711,038
Capital and reserves |  |  |
Called up share capital | 7 | 202 |
Retained earnings |  | 710,836 |
Shareholders' funds |  |  | 711,038

For the financial period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 May 2026 and signed on its behalf by:

......................................... A J Padgett Director

Watson Buckle Group Limited

Notes to the Unaudited Financial Statements for the Period from 12 August 2024 to 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
York House
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PE

These financial statements were authorised for issue by the Board on 6 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Group accounts not prepared

The company is exempt from preparing group financial statements as the group it heads is small.

Going concern

The financial statements have been prepared on a going concern basis as the company receives the continued support of its subsidiary undertaking.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Watson Buckle Group Limited

Notes to the Unaudited Financial Statements for the Period from 12 August 2024 to 31 December 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Financial assets
Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

Watson Buckle Group Limited

Notes to the Unaudited Financial Statements for the Period from 12 August 2024 to 31 December 2025

4 | Investments

| 2025 £
Investments in subsidiaries | 1,760,771

Subsidiaries | £
Cost or valuation
Additions | 1,760,771
Carrying amount
At 31 December 2025 | 1,760,771

Watson Buckle Group Limited

Notes to the Unaudited Financial Statements for the Period from 12 August 2024 to 31 December 2025

5 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £
Due within one year |  |
Loans and borrowings | 6 | 163,053
Amounts owed to group undertakings | 8 | 57,946
Other creditors |  | 250,000
|  | 470,999

Creditors: amounts falling due after more than one year

| 2025 £
Due after one year |
Other creditors | 578,998

6 | Loans and borrowings

Current loans and borrowings

| 2025 £
Other borrowings | 163,053

7 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
Ordinary A of £1 each | 100 | 100
Ordinary B of £1 each | 2 | 2
Ordinary G of £1 each | 100 | 100
| 202 | 202

8 | Related party transactions

Expenditure with and payables to related parties

2025 | Subsidiary £ | Key management £
Amounts payable to related party | 57,846 | 163,053