REGISTERED NUMBER: 03130775 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

WATCHACRE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss H Parlak

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

03130775 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

680

800

Investment property

5

4,458,080

4,458,080

4,458,760

4,458,880

CURRENT ASSETS

Cash at bank

23,700

31,519

CREDITORS

Amounts falling due within one year

6

754,450

755,301

NET CURRENT LIABILITIES

(730,750

)

(723,782

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,728,010

3,735,098

PROVISIONS FOR LIABILITIES

7

538,311

538,311

NET ASSETS

3,189,699

3,196,787

CAPITAL AND RESERVES

Called up share capital

8

2

2

Fair value reserve

9

2,441,136

2,441,136

Retained earnings

9

748,561

755,649

SHAREHOLDERS' FUNDS

3,189,699

3,196,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 May 2026 and were signed by:

Miss H Parlak - Director

1.	STATUTORY INFORMATION

Watchacre Properties 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts 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.

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2024

and 30 November 2025

40,447

DEPRECIATION

At 1 December 2024

39,647

Charge for year

120

At 30 November 2025

39,767

NET BOOK VALUE

At 30 November 2025

680

At 30 November 2024

800

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

4,458,080

NET BOOK VALUE

At 30 November 2025

4,458,080

At 30 November 2024

4,458,080

Fair value at 30 November 2025 is represented by:

£

Valuation in 2017

2,979,447

Cost

1,478,633

4,458,080

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

13,423

13,668

Tax

3,057

14,361

Social security and other taxes

1,038

2,903

Other creditors

64,547

64,547

Amounts due to related co

658,226

655,018

Directors' current accounts

11,159

1,804

Accrued expenses

3,000

3,000

754,450

755,301

7.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

£

Deferred tax

538,311

538,311

Deferred

tax

£

Balance at 1 December 2024

538,311

Movement during the year

Balance at 30 November 2025

538,311

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

2

Ordinary shares

£1

2

2

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 December 2024

755,649

2,441,136

3,196,785

Profit for the year

12,912

12,912

Dividends

(20,000

)

(20,000

)

At 30 November 2025

748,561

2,441,136

3,189,697

10.	ULTIMATE CONTROLLING PARTY