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Registration number: 00992878

Webb's (Weston) Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Webb's (Weston) Limited

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

Webb's (Weston) Limited

(Registration number: 00992878)
Statement of Financial Position as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | - | 2,905
Investment property | 5 | - | 300,000
|  | - | 302,905
Current assets |  |  |
Debtors | 6 | 5,154 | 19,810
Cash at bank and in hand |  | 402,653 | 302,880
|  | 407,807 | 322,690
Creditors: Amounts falling due within one year | 7 | (3,403) | (32,424)
Net current assets |  | 404,404 | 290,266
Total assets less current liabilities |  | 404,404 | 593,171
Provisions for liabilities |  | - | (2,478)
Net assets |  | 404,404 | 590,693
Capital and reserves |  |  |
Called up share capital |  | 2,200 | 2,200
Profit and loss account |  | 402,204 | 588,493
Shareholders' funds |  | 404,404 | 590,693

For the financial year 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 year 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 Statement of Comprehensive Income.

.........................................
D M Glover
Director

Approved and authorised by the Board on 1 May 2026 and signed on its behalf by:

Webb's (Weston) Limited

(Registration number: 00992878)
Statement of Financial Position as at 31 December 2025 (continued)

D M Glover Director

Webb's (Weston) Limited

Notes to the Unaudited Financial Statements for the Year Ended 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:
Tallford House
38 Walliscote Road
Weston-super-Mare
Somerset
BS23 1LP

Principal activity

The principal activity of the company was that of merchants to the plumbing and heating trades until they ceased to trade on 10 December 2024. It was then that of holding an investment property, until it was sold on 3 December 2025.

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 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

As the Directors intend to wind up the company within 12 months, it is not considered a going concern.

Webb's (Weston) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and Fittings | 20% reducing balance
Motor Vehicles | 25% reducing balance
Office Equipment | 20% reducing balance

Webb's (Weston) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are recorded at cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Webb's (Weston) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 8).

4 | Tangible assets

| Fixtures and fittings £ | Equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2025 | 22,706 | 20,676 | 21,770 | 65,152
Disposals | (22,706) | (20,676) | (21,770) | (65,152)
At 31 December 2025 | - | - | - | -
Depreciation
At 1 January 2025 | 22,051 | 20,061 | 20,135 | 62,247
Eliminated on disposal | (22,051) | (20,061) | (20,135) | (62,247)
At 31 December 2025 | - | - | - | -
Carrying amount
At 31 December 2025 | - | - | - | -
At 31 December 2024 | 655 | 615 | 1,635 | 2,905

5 | Investment properties

| 2025 £
At 1 January | 300,000
Disposals | (300,000)
At 31 December | -

Prior to disposal, the investment property was valued by Stephen & Co., Chartered Surveyors, based on market value.

Webb's (Weston) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | - | 3,128
Other debtors | 3,021 | 249
Prepayments | 2,133 | 16,433
| 5,154 | 19,810

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | - | 12,246
Taxation and social security | 153 | 11,060
Accruals and deferred income | 3,250 | 8,919
Other creditors | - | 199
| 3,403 | 32,424

8 | Reserves

Profit and loss account - this reserve records retained earnings and accumulated losses. This reserve includes an undistributable reserve of £Nil (2024: £326,456).