ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Registered number: 15968402

WAT REF HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2026

WAT REF HOLDINGS LIMITED

REGISTERED NUMBER: 15968402

BALANCE SHEET

AS AT 31 MARCH 2026

	31 March	25 November
	2026	2024
Note	£	£

Fixed assets
Investments	4		4,316,547		4,316,547
			4,316,547		4,316,547
Current assets
Debtors: amounts falling due within one year	5	335,059		1
		335,059		1
Creditors: amounts falling due within one year	6	(303,730)		(2,400,000)
Net current assets/(liabilities)			31,329		(2,399,999)
Total assets less current liabilities			4,347,876		1,916,548

Net assets			4,347,876		1,916,548

Capital and reserves
Called up share capital	1,169	1,111
Share premium account	18,872	-
Merger reserve	1,915,437	1,915,437
Profit and loss account	2,412,398	-
	4,347,876	1,916,548

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 August 2026.

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WAT REF HOLDINGS LIMITED

REGISTERED NUMBER: 15968402

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2026

L Hutchinson

Director

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

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WAT REF HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2026

1.	General information

Wat Ref Holdings Limited is a company limited by shares, incorporated in England and Wales.

The principal activity of the company was a holding company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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WAT REF HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the period was 3 (2024 - 2).

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WAT REF HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2026

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 26 November 2024	4,316,547
	At 31 March 2026	4,316,547

Debtors

					31 March	25 November
					2026	2024
					£	£


Amounts owed by group undertakings	335,000	-
Other debtors	59	1
	335,059	1

Amounts owed to group undertakings	-	2,400,000
Corporation tax	83,730	-
Other creditors	220,000	-
	303,730	2,400,000

7.	Related party transactions
	At the balance sheet date the company was owed £335,000 (2024: £nil) by its subsidiary.

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