Watson Family Homes Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12845619 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

WATSON FAMILY HOMES LIMITED

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Tangible assets

4

234

312

Investment property

5

5,643,212

3,539,713

5,643,446

3,540,025

Current assets

Debtors

6

-

750

Cash at bank

17,744

62,980

17,744

63,730

Creditors

Amounts falling due within one year

7

677,113

697,837

Net current liabilities

(659,369

)

(634,107

)

Total assets less current liabilities

4,984,077

2,905,918

Creditors

Amounts falling due after more than one year

8

(3,617,280

)

(2,974,421

)

Provisions for liabilities

10

(360,952

)

-

Net assets/(liabilities)

1,005,845

(68,503

)

Capital and reserves

Called up share capital

11

10,200

Fair value reserve

12

1,191,760

-

Retained earnings

(196,115

)

(78,703

)

Shareholders' funds

1,005,845

(68,503

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

Mrs C Watson - Director

1.	Statutory information

Watson Family Homes Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12845619. The registered office and business address is The Bungalow Chaseborough House, Village Hall Lane, Three Legged Cross, Wimborne, England, BH21 6SG.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rents received from investment properties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date, with any surplus on revaluation being recognised in other comprehensive income, and any deficit on revaluation resulting in an overall impairment to the property, being recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 September 2024

and 31 August 2025

740

Depreciation

At 1 September 2024

428

Charge for year

78

At 31 August 2025

506

Net book value

At 31 August 2025

234

At 31 August 2024

312

5.	Investment property

Total

£

Fair value

At 1 September 2024

3,539,713

Additions

876,528

Disposals

(233,861

)

Revaluations

1,552,712

Impairments

(91,880

)

At 31 August 2025

5,643,212

Net book value

At 31 August 2025

5,643,212

At 31 August 2024

3,539,713

Appraisals of investment properties were made on 31 August 2025 by the director. The valuations were made on an open market basis by reference to market evidence of transaction prices for similar properties.

6.

Debtors: amounts falling due within one year

2025

2024

£

Prepayments and accrued income

-

750

7.

Creditors: amounts falling due within one year

2025

2024

£

Amounts owed to associates

128,777

125,910

Tax

-

65

Other creditors

4,632

10,120

Directors' current accounts

541,724

561,742

Accruals and deferred income

1,980

-

677,113

697,837

8.

Creditors: amounts falling due after more than one year

2025

2024

£

Bank loans more 5 yrs non-inst

3,617,280

2,974,421

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

3,617,280

2,974,421

9.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

Bank loans

3,617,280

2,974,421

All amounts owing to mortgage providers are secured against the respective investment properties, by way of legal charges registered at Companies House.

10.	Provisions for liabilities

2025

2024

£

Deferred tax

360,952

-

Deferred

tax

£

Property revaluation

360,952

Balance at 31 August 2025

360,952

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

10,000

Ordinary shares

£1

10,000

A Ordinary shares

£0.01

100

10,000

B Ordinary shares

£0.01

100

10,200

12.

Reserves

Fair

value

reserve

£

Transfers

1,191,760

At 31 August 2025

1,191,760

13.	Ultimate controlling party

The company is controlled by the directors, who own 100% of the issued share capital.

14.	First year adoption

These financial statements for the year ended 31 August 2025 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 September 2023.

The transition to FRS102 Section 1A small entities has resulted in a small number of changes in accounting policies to those previously used.

The nature of these changes and their impact on opening equity and profit, where applicable, is detailed in the notes to these financial statements.