Company No: 08051576 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	30.08.2025		31.08.2024
		£		£
Fixed assets
Tangible assets	4	157,308		159,592
		157,308		159,592
Current assets
Stocks	5	113,425		96,276
Debtors	6	32,342		32,977
Cash at bank and in hand		5,007		2,301
		150,774		131,554
Creditors: amounts falling due within one year	7	( 195,535)		( 167,490)
Net current liabilities		(44,761)		(35,936)
Total assets less current liabilities		112,547		123,656
Creditors: amounts falling due after more than one year	8	( 107,387)		( 107,387)
Net assets		5,160		16,269
Capital and reserves
Called-up share capital	9	100		100
Profit and loss account		5,060		16,169
Total shareholders' funds		5,160		16,269

For the financial period ending 30 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of J.M. WATTS COMMERCIAL PROPERTY LIMITED (registered number: 08051576) were approved and authorised for issue by the Board of Directors on 27 August 2026. They were signed on its behalf by:

J Watts Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

J.M. WATTS COMMERCIAL PROPERTY LIMITED (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Yard, Loch Road, Poole, BH14 9EX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

Reporting period length shorten to 30th August 2025.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2. Employees

	Period from 01.09.2024 to 30.08.2025		Year ended 31.08.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	3		3

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 September 2024	10,000		10,000
At 30 August 2025	10,000		10,000
Accumulated amortisation
At 01 September 2024	10,000		10,000
At 30 August 2025	10,000		10,000
Net book value
At 30 August 2025	0		0
At 31 August 2024	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 September 2024	149,969		1,795		29,553		9,778		191,095
Additions	0		0		0		616		616
At 30 August 2025	149,969		1,795		29,553		10,394		191,711
Accumulated depreciation
At 01 September 2024	0		889		22,830		7,784		31,503
Charge for the financial period	0		227		1,681		992		2,900
At 30 August 2025	0		1,116		24,511		8,776		34,403
Net book value
At 30 August 2025	149,969		679		5,042		1,618		157,308
At 31 August 2024	149,969		906		6,723		1,994		159,592

5. Stocks

	30.08.2025		31.08.2024
	£		£
Stocks	113,425		96,276

6. Debtors

	30.08.2025		31.08.2024
	£		£
Trade debtors	1,428		0
Other debtors	30,914		32,977
	32,342		32,977

7. Creditors: amounts falling due within one year

	30.08.2025		31.08.2024
	£		£
Bank loans	0		489
Trade creditors	3,428		10,049
Taxation and social security	53,898		47,497
Other creditors	138,209		109,455
	195,535		167,490

8. Creditors: amounts falling due after more than one year

	30.08.2025		31.08.2024
	£		£
Other creditors	107,387		107,387

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	30.08.2025		31.08.2024
	£		£
Allotted, called-up and fully-paid
60 Ordinary A shares of £ 1.00 each	60		60
20 Ordinary B shares of £ 1.00 each	20		20
20 Ordinary C shares of £ 1.00 each	20		20
	100		100