Acorah Software Products - Accounts Production 19.2.450 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 OC438978 Watson Properties (Ascot) Limited Mr Robert Watson Mr James Watson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC438978 2025-03-31 OC438978 2026-03-31 OC438978 2025-04-01 2026-03-31 OC438978 frs-core:CurrentFinancialInstruments 2026-03-31 OC438978 frs-core:Non-currentFinancialInstruments 2026-03-31 OC438978 frs-bus:LimitedLiabilityPartnershipLLP 2025-04-01 2026-03-31 OC438978 frs-bus:LimitedLiabilityPartnershipsSORP 2025-04-01 2026-03-31 OC438978 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 OC438978 frs-bus:SmallEntities 2025-04-01 2026-03-31 OC438978 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 OC438978 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 OC438978 frs-countries:EnglandWales 2025-04-01 2026-03-31 OC438978 frs-bus:PartnerLLP1 2025-04-01 2026-03-31 OC438978 frs-bus:PartnerLLP2 2025-04-01 2026-03-31 OC438978 frs-bus:PartnerLLP3 2025-04-01 2026-03-31 OC438978 2024-03-31 OC438978 2025-03-31 OC438978 2024-04-01 2025-03-31 OC438978 frs-core:CurrentFinancialInstruments 2025-03-31 OC438978 frs-core:Non-currentFinancialInstruments 2025-03-31
Registered number: OC438978
Watson Property Partnership (Ascot) LLP
Unaudited Financial Statements
For The Year Ended 31 March 2026
Kennedys Accounting Limited
160 Eureka Park
Kennington
Ashford
Kent
TN25 4AZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC438978
2026 2025
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 850,000 1,577,630
850,000 1,577,630
CURRENT ASSETS
Debtors 5 189,531 192,189
189,531 192,189
Creditors: Amounts Falling Due Within One Year 6 (2,660 ) (2,666 )
NET CURRENT ASSETS (LIABILITIES) 186,871 189,523
TOTAL ASSETS LESS CURRENT LIABILITIES 1,036,871 1,767,153
Creditors: Amounts Falling Due After More Than One Year 7 (541,280 ) (1,052,772 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 495,591 714,381
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 711,729 714,381
711,729 714,381
Equity
Members' other interests
Members' capital (216,138) -
(216,138) -
495,591 714,381
TOTAL MEMBERS' INTEREST
Amounts due from members (192,190) (192,189)
Loans and other debts due to members within one year 711,729 714,381
Members' other interests (216,138) -
303,401 522,192
Page 1
Page 2
For the year ending 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr Robert Watson
Designated Member
Mr James Watson
Designated Member
27/08/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Watson Property Partnership (Ascot) LLP is a limited liability partnership, incorporated in England & Wales, registered number OC438978 . The Registered Office is 46 Coatham Road, Redcar, TS10 1RS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. 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.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2025: 2)
2 2
4. Investment Property
2026
£
Fair Value
As at 1 April 2025 1,577,630
Disposals (727,630 )
As at 31 March 2026 850,000
5. Debtors
2026 2025
£ £
Due within one year
Other debtors (2,659 ) -
Amounts due from members 192,190 192,189
189,531 192,189
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Other creditors 2,660 2,666
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 541,280 1,052,772
Page 4