REGISTERED NUMBER: 15573957 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

ETHERINGTON WATSON HOLDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

G Etherington

A S Watson

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

15573957 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Investments

4

400,000

400,000

Current assets

Cash at bank

38

27,884

Creditors

Amounts falling due within one year

5

323,428

405,050

Net current liabilities

(323,390

)

(377,166

)

Total assets less current liabilities

76,610

22,834

Capital and reserves

Called up share capital

6

100

100

Retained earnings

76,510

22,734

Shareholders' funds

76,610

22,834

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2026 and were signed on its behalf by:

G Etherington - Director

1.	Statutory information

Etherington Watson Holdings Ltd 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.

Going concern

The financial statements have been prepared on a going concern basis and they do not include any adjustments which may be necessary should the going concern basis of accounting no longer be appropriate.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial statements

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity Instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	Employees and directors

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

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 December 2024

and 30 November 2025

400,000

Net book value

At 30 November 2025

400,000

At 30 November 2024

400,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Harlequin Swimming Pools Ltd

Registered office: 3rd Floor, 86-90 Paul Street, London, England, EC2A 4NE

Nature of business: Other specialised construction activities

%

Class of shares:

holding

Ordinary

80.00

5.

Creditors: amounts falling due within one year

2025

2024

£

£

Amounts owed to group undertakings

323,428

405,050

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

7.	Related party disclosures

Included in other creditors is an amount of £323,428 (2024: £405,050) owed to a connected company. This amount is unsecured and repayable on demand, interest of £8,378 (2024:£5,250) has been charged during the period.