REGISTERED NUMBER: 07061659 (England and Wales)

F G Watts Financial Advisers Limited

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Thompson

T J Panther

G R Thompson

D Baldwin

S R Jellis

REGISTERED OFFICE:

5 Mobbs Miller House

Christchurch Road

Northampton

Northamptonshire

NN1 5LL

REGISTERED NUMBER:

07061659 (England and Wales)

ACCOUNTANTS:

Kilby Fox

Chartered Accountants

4 Pavilion Court

600 Pavilion Drive

Northampton Business Park

Northampton

Northamptonshire

NN4 7SL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

14,795

2,739

14,795

2,739

CURRENT ASSETS

Debtors

6

71,372

65,106

Cash at bank and in hand

389,324

367,514

460,696

432,620

CREDITORS

Amounts falling due within one year

7

177,765

143,226

NET CURRENT ASSETS

282,931

289,394

TOTAL ASSETS LESS CURRENT LIABILITIES

297,726

292,133

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

297,626

292,033

SHAREHOLDERS' FUNDS

297,726

292,133

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2026 and were signed on its behalf by:

G R Thompson - Director

T J Panther - Director

1.	STATUTORY INFORMATION

F G Watts Financial Advisers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant & machinery etc

-

25% on cost

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Turnover

This represents the amounts of commissions and fees earned. Commission is accounted for on receipt from the product provider. Fees are accounted for on receipt from the client (often facilitated by the product provider).

Goodwill

Goodwill, representing the purchase consideration arising from the acquisition of unincorporated businesses. Goodwill is written off to the profit and loss account over 10 years.

Indemnity commission

Indemnity commission is often received when new protection business is written. It may also be received when new members join an existing group scheme or contributions are increased for existing group scheme members. There is the prospect of commission clawback if a new business case is cancelled which was previously written on an indemnity commission basis. This only applies if the case is cancelled within a detailed period of up to 4 years.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

183,011

AMORTISATION

At 1 January 2025

and 31 December 2025

183,011

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant &

machinery

etc

£

COST

At 1 January 2025

24,844

Additions

14,980

At 31 December 2025

39,824

DEPRECIATION

At 1 January 2025

22,105

Charge for year

2,924

At 31 December 2025

25,029

NET BOOK VALUE

At 31 December 2025

14,795

At 31 December 2024

2,739

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,466

9,622

Other debtors

61,906

55,484

71,372

65,106

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

127,789

89,053

Taxation and social security

48,432

51,792

Other creditors

1,544

2,381

177,765

143,226

8.	ULTIMATE CONTROLLING PARTY