EWV Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 08730525

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		3,775,000		3,775,000
Investments	5		173,991		85,383

			3,948,991		3,860,383
CURRENT ASSETS
Debtors	6	251,789		-
Cash at bank and in hand		21,781		30,035

		273,570		30,035
Creditors: Amounts Falling Due Within One Year	7	(413,742 )		(460,541 )

NET CURRENT ASSETS (LIABILITIES)			(140,172 )		(430,506 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,808,819		3,429,877

Creditors: Amounts Falling Due After More Than One Year	8		(2,558,101 )		(2,568,935 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(245,840 )		(184,786 )

NET ASSETS			1,004,878		676,156

CAPITAL AND RESERVES
Called up share capital	9		100		100
Revaluation reserve	10		737,519		398,697
Other reserves			50,000		50,000
Profit and Loss Account			217,259		227,359

SHAREHOLDERS' FUNDS			1,004,878		676,156

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EWV Properties Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A Watkins

Director

17/07/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

EWV Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08730525 . The registered office is 33 Finland Street, London, Greater London, SE16 7TP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

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EWV Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Investment Property

	2025
	£
Fair Value
As at 1 November 2024 and 31 October 2025	3,775,000

Valuation in 2021 £60,000

Valuation in 2024 £320,383

Cost £3,394,618

5. Investments

	Associates
	£
Cost or Valuation
As at 1 November 2024	85,383
Disposals	(84,357 )
Revaluations	172,965

As at 31 October 2025	173,991

Provision
As at 1 November 2024	-

As at 31 October 2025	-

Net Book Value
As at 31 October 2025	173,991

As at 1 November 2024	85,383

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Abbeyfield Road Limited

Registered office: UK

Nature of business: Property letting

Class of shares: Ordinary

Holding: 100%

Aggregate capital and reserves: £173,965 (2024: £166,080)

Lord Clyde Investment Limited

Registered office: UK

Nature of business: Property letting

Class of shares: Ordinary

Holding: 26%

Aggregate capital and reserves: -£241,957 (2024: -£260,272)

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	251,789	-

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EWV Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	11,627	18,035
Other creditors	262,115	262,507
Directors' loan accounts	140,000	179,999

	413,742	460,541

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	2,558,101	2,568,935

At the balance sheet date seven financial institutions held legal charges over the company's investment assets in order to secure their respective outstanding bank loans. Each Bank loan issued was secured against the investment property for which the loan proceeds were used to purchase.

The above loans also include a Bounce Back Bank Loan of £4,368. This bank loan is part of the BBL Scheme that was launched on 27 April 2020. The scheme is 100% government backed. The interest rate is 2.5% per year and the term of the loan is 6 years, and early repayment is possible without additional charges.

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Reserves

	Revaluation reserve	Other reserves	Profit and Loss Account
	£	£	£
As at 1 November 2024	398,697	50,000	227,359
Profit for the year and total comprehensive income	-	-	151,316

Transfer from revaluation reserve	-	-	(161,416)
Transfer to/from Profit & Loss Account	338,822	-	-

As at 31 October 2025	737,519	50,000	217,259

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EWV Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

11. Related Party Transactions

The company is under the control of the three directors.

At the year end A Watkins and close family members were owed a total of £307,703 (2024: £348,096). At the balance sheet date the amounts outstanding were:

A Watkins - £140,000 (2024: £179,999)

B Watkins - £0 (2024: £80,000)

J Watkins - £72,077 (2024: £30,641)

S Watkins - £80,626 (2024: £57,455)

S Skrajda - £15,000 (2024: £0)

A Watkins is also a director of Ultimate Lets Ltd. At the year end Ultimate Lets Ltd was owed £20,400 (2024: £20,400).

C Engelbrecht and D Van Den Heever are also directors of Ultimate Prop Co Ltd. At the year end Ultimate Prop Co Ltd was owed £74,012 (2024: £74,012).

Included under debtors is a balance owed from Abbeyfield Road Ltd of £75,357. Abbeyfield Road Ltd is owned 100% by EWV Properties Ltd.

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