WATTS BARS LTD - Accounts

WATTS BARS LTD
Contents Page
For the year ended 30 September 2025

Statement of Financial Position	1
Notes to the Financial Statements	2

WATTS BARS LTD
Statement of Financial Position
As at 30 September 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	278,000	248,000
		278,000	248,000
Current assets
Cash at bank and in hand		94	26,395
Creditors: amount falling due within one year		(53,175)	(2,352)
Net current assets		(53,081)	24,043

Total assets less current liabilities		224,919	272,043
Creditors: amount falling due after more than one year		(2,450)	(42)
Net assets		222,469	272,001

Capital and reserves
Called up share capital		20	20
Profit and loss account		222,449	271,981
Shareholders' funds		222,469	272,001

For the year ended 30 September 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 26 June 2026 and were signed on its behalf by:

-------------------------------
Quentin John COLLIER
Director

1

WATTS BARS LTD
Notes to the Abridged Financial Statements
For the year ended 30 September 2025

General Information

WATTS BARS LTD is a private company, limited by shares, registered in Scotland, registration number SC708434, registration address 94 HOPE STREET, SUITE 2.11 GLASGOW, G2 6PH.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

3.

Tangible fixed assets

Cost or valuation	Land and Buildings	Total
	£	£
At 01 October 2024	248,000	248,000
Additions	115,000	115,000
Disposals	(85,000)	(85,000)
At 30 September 2025	278,000	278,000
Depreciation
At 01 October 2024	-	-
Charge for year	-	-
On disposals	-	-
At 30 September 2025	-	-
Net book values
Closing balance as at 30 September 2025	278,000	278,000
Opening balance as at 01 October 2024	248,000	248,000

2

Registered Number: SC708434
Scotland
WATTS BARS LTD

Abridged Accounts

Period of accounts Start date: 01 October 2024 End date: 30 September 2025