Watching That Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 10181169

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,762		3,152

			3,762		3,152
CURRENT ASSETS
Debtors	5	150,293		93,164
Cash at bank and in hand		40,943		3,884

		191,236		97,048
Creditors: Amounts Falling Due Within One Year	6	(104,259 )		(89,410 )

NET CURRENT ASSETS (LIABILITIES)			86,977		7,638

TOTAL ASSETS LESS CURRENT LIABILITIES			90,739		10,790

Creditors: Amounts Falling Due After More Than One Year	7		(218,646 )		(100,748 )

NET LIABILITIES			(127,907 )		(89,958 )

CAPITAL AND RESERVES
Called up share capital	8		21,502		21,502
Share premium account			1,787,084		1,787,084
Income Statement			(1,936,493 )		(1,898,544 )

SHAREHOLDERS' FUNDS			(127,907)		(89,958)

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Watching That Limited

Statement of Financial Position (continued)

As At 31 May 2026

For the year ending 31 May 2026 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 Income Statement.

On behalf of the board

Mr Cameron Church

Director

21 July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Watching That Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10181169 . The registered office is 124 City Road, London, EC1V 2NX.

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. Going Concern Disclosure

The directors have reviewed forecasts and cash flow projections and are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the accounts have been prepared on a going concern basis.

2.3. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33% Straight Line

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102.

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price and subsequently measured at amortised cost, being transaction price less any amounts settled and any impairment losses.

Trade debtors are assessed for impairment at the end of each reporting period and an allowance is recognised where there is objective evidence of impairment.

Basic financial liabilities, including trade and other creditors and the company credit card, are initially recognised at transaction price and subsequently measured at amortised cost.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Watching That Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

2.7. 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.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 June 2025	13,817
Additions	3,017
Disposals	(3,513 )

As at 31 May 2026	13,321

Depreciation
As at 1 June 2025	10,665
Provided during the period	1,548
Disposals	(2,654 )

As at 31 May 2026	9,559

Net Book Value
As at 31 May 2026	3,762

As at 1 June 2025	3,152

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Watching That Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	86,595	34,465
Other debtors	63,698	58,699

	150,293	93,164

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	44,198	28,195
Bank loans and overdrafts	6,009	16,363
Other creditors	52,137	40,103
Taxation and social security	1,915	4,749

	104,259	89,410

Other creditors due within one year includes £31,551 owed to the director, Mr C Church. The liability is unsecured and no interest is payable on the balance owed.

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

	2026	2025
	£	£
Other creditors	218,646	100,748

Other creditors due after one year includes £117,909 owed to the director, Mr C Church. The liability is unsecured and no interest is payable on the balance owed.

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	21,502	21,502

9. Related Party Transactions

During the year ending 31 May 2026, the following transactions arose between the company and the managing director:

Loans introduced to the company = £ 154,000
Company expenses paid by the director = £1,394
Amounts repaid to the director = £ 18,203

The amount owed to the director at the year-end date was £149,460. This is disclosed within Other Creditors at notes 6 and 7.

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