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Company Registration No. 14251885 (England and Wales)
Watson House Builds Ltd Unaudited accounts for the year ended 31 July 2025
Watson House Builds Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Watson House Builds Ltd Company Information for the year ended 31 July 2025
Director
Philip Watson
Company Number
14251885 (England and Wales)
Registered Office
Beechurst Stockwell Gate Spalding PE12 8AU England
Accountants
Griffin and Sage Limited 172 Park Road Peterborough PE1 2UF
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Watson House Builds Ltd Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
145,217
50,832
Investment property
5
79,835
79,835
225,052
130,667
Current assets
Debtors
6
522,657
388,652
Cash at bank and in hand
21,066
47,710
543,723
436,362
Creditors: amounts falling due within one year
7
(434,988)
(373,783)
Net current assets
108,735
62,579
Total assets less current liabilities
333,787
193,246
Creditors: amounts falling due after more than one year
8
(44,722)
-
Net assets
289,065
193,246
Capital and reserves
Called up share capital
1
1
Profit and loss account
289,064
193,245
Shareholders' funds
289,065
193,246
For the year ending 31 July 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 July 2026 and were signed on its behalf by
Philip Watson Director Company Registration No. 14251885
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Watson House Builds Ltd Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Watson House Builds Ltd is a private company, limited by shares, registered in England and Wales, registration number 14251885. The registered office is Beechurst, Stockwell Gate, Spalding, PE12 8AU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 July 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
15% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Watson House Builds Ltd Notes to the Accounts for the year ended 31 July 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 August 2024
47,411
18,700
66,111
Additions
149,925
8,479
158,404
Disposals
(38,006)
-
(38,006)
At 31 July 2025
159,330
27,179
186,509
Depreciation
At 1 August 2024
10,529
4,750
15,279
Charge for the year
22,658
5,607
28,265
On disposals
(2,252)
-
(2,252)
At 31 July 2025
30,935
10,357
41,292
Net book value
At 31 July 2025
128,395
16,822
145,217
At 31 July 2024
36,882
13,950
50,832
5
Investment property
2025
£
Fair value at 1 August 2024
79,835
At 31 July 2025
79,835
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
147,118
17,232
Trade debtors
78,298
-
Other debtors
297,241
371,420
522,657
388,652
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
88,760
11,196
Taxes and social security
126,005
108,154
Loans from directors
220,223
215
Accruals
-
51,440
Deferred income
-
202,778
434,988
373,783
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
44,722
-
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Watson House Builds Ltd Notes to the Accounts for the year ended 31 July 2025
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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