REGISTERED NUMBER: 12965179 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2025

FOR

WATSON PROPERTIES YORK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Inwood

Mrs N M Inwood

G Inwood

W Inwood

REGISTERED OFFICE:

Stockton Lodge

Sandy Lane

Stockton on the Forest

York

North Yorkshire

YO32 9UT

REGISTERED NUMBER:

12965179 (England and Wales)

ACCOUNTANTS:

CGA

Chartered Certified Accountants

3 & 4 Park Court

Riccall Road

Escrick

York

North Yorkshire

YO19 6ED

FIXED ASSETS

Tangible assets

4

851,035

897,027

CURRENT ASSETS

Debtors

5

242,447

242,387

Cash at bank

8,085

28,929

250,532

271,316

CREDITORS

Amounts falling due within one year

6

134,851

129,699

NET CURRENT ASSETS

115,681

141,617

TOTAL ASSETS LESS CURRENT LIABILITIES

966,716

1,038,644

CREDITORS

Amounts falling due after more than one year

7

1,041,384

1,054,308

NET LIABILITIES

(74,668

)

(15,664

)

CAPITAL AND RESERVES

Called up share capital

100

100

Undistributable reserve

9

(41,804

)

-

Retained earnings

(32,964

)

(15,764

)

SHAREHOLDERS' FUNDS

(74,668

)

(15,664

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 19th July 2026 and were signed on its behalf by:

M Inwood - Director

1.	STATUTORY INFORMATION

Watson Properties York 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 as modified by the revaluation of certain assets.

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.

Freehold property

-

in accordance with the property

Fixtures and fittings

-

20% on cost

Taxation

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

Going concern

Despite the company showing net liabilities, the financial statements have been prepared on a going concern basis. The director will continue to support the company for a period in excess of twelve months from the date of approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST OR VALUATION

At 1st November 2024

891,804

20,943

912,747

Revaluations

(41,804

)

-

(41,804

)

At 31st October 2025

850,000

20,943

870,943

DEPRECIATION

At 1st November 2024

-

15,720

15,720

Charge for year

-

4,188

4,188

At 31st October 2025

-

19,908

19,908

NET BOOK VALUE

At 31st October 2025

850,000

1,035

851,035

At 31st October 2024

891,804

5,223

897,027

Cost or valuation at 31st October 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2024

(41,804

)

-

(41,804

)

Cost

891,804

20,943

912,747

850,000

20,943

870,943

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Other debtors

3,470

3,410

Amounts falling due after more than one year:

Other debtors

238,977

238,977

Aggregate amounts

242,447

242,387

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

156

2

Other creditors

134,695

129,697

134,851

129,699

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

1,041,384

1,054,308

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

385,158

529,958

A charge was created on 06/01/2023 and registered on 16/01/2023 - charge code 1296 5179 001.

The lender, Trustees of the Hudson Properties York Limited SSAS, has a Legal Mortgage over the property known as Mona, Lon Pont Morgan, Abersoch, LL53 7AG.

9.

RESERVES

Undistributable

reserve

£

Revaluation

(41,804

)

At 31st October 2025

(41,804

)

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £786,018 (2024: £649,150) to key management personnel. No interest has been charged to the company in respect of this loan which is included within creditors due in more than one year.

At the balance sheet date, a loan was owed to the company from Hudsons of York Limited, a company with the same Directors and Shareholders in the sum of £238,977 (2023: £238,977), included in Other Debtors in more than one year. Interest is being charged at 4% per annum.