REGISTERED NUMBER: 05001001 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

WATTS DEVELOPMENTS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

229,679

299,641

CURRENT ASSETS

Debtors

5

85,453

219,225

Cash at bank and in hand

313,448

283,226

398,901

502,451

CREDITORS

Amounts falling due within one year

6

148,787

283,765

NET CURRENT ASSETS

250,114

218,686

TOTAL ASSETS LESS CURRENT LIABILITIES

479,793

518,327

PROVISIONS FOR LIABILITIES

9

57,413

74,901

NET ASSETS

422,380

443,426

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

422,378

443,424

SHAREHOLDERS' FUNDS

422,380

443,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 May 2026 and were signed by:

Mr G J Watts - Director

1.	STATUTORY INFORMATION

Watts Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05001001

Registered office:

Unit D

Stanley Estate

Knutsford

Cheshire

WA16 0EG

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Fixtures, fittings and equipment

-

10% on cost

Motor vehicles

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 year 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Plant and

and

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

88,246

29,661

267,571

385,478

Additions

19,258

646

-

19,904

Disposals

(25,385

)

(1,205

)

(37,558

)

(64,148

)

At 31 December 2025

82,119

29,102

230,013

341,234

DEPRECIATION

At 1 January 2025

31,475

16,849

37,513

85,837

Charge for year

7,648

2,837

46,315

56,800

Eliminated on disposal

(7,893

)

(340

)

(22,849

)

(31,082

)

At 31 December 2025

31,230

19,346

60,979

111,555

NET BOOK VALUE

At 31 December 2025

50,889

9,756

169,034

229,679

At 31 December 2024

56,771

12,812

230,058

299,641

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

47,243

188,236

Other debtors

38,210

30,989

85,453

219,225

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

100,383

241,903

Taxation and social security

24,479

32,725

Other creditors

23,925

9,137

148,787

283,765

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

7,198

5,672

Between one and five years

6,368

1,319

13,566

6,991

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase liabilities are secured on the assets to which they relate.

9.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

57,413

74,901

Deferred

tax

£

Balance at 1 January 2025

74,901

Credit to Profit and Loss Account during year

(17,488

)

Balance at 31 December 2025

57,413

10.	CONTROLLING PARTY

The controlling party is Mr G J Watts.