REGISTERED NUMBER: 10531119 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

THE WATSON GYM LTD

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

5

Report of the Accountants

8

DIRECTORS:

Mr L M Wackett

Mr M Wackett

REGISTERED OFFICE:

584 Wellsway

Bath

BA2 2UE

REGISTERED NUMBER:

10531119 (England and Wales)

ACCOUNTANTS:

SMH Taxation and Accountancy Ltd

16 Kipling Avenue

Bath

Somerset

BA2 4RB

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

Mr L M Wackett

Mr M Wackett

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr L M Wackett - Director

16 September 2026

FIXED ASSETS

Tangible assets

4

1,133,144

1,151,028

CURRENT ASSETS

Stocks

2,125

4,850

Debtors

5

-

60,775

Cash at bank

2,204

35,852

4,329

101,477

CREDITORS

Amounts falling due within one year

6

(461,927

)

(545,259

)

NET CURRENT LIABILITIES

(457,598

)

(443,782

)

TOTAL ASSETS LESS CURRENT LIABILITIES

675,546

707,246

CREDITORS

Amounts falling due after more than one year

7

(261,420

)

(311,669

)

NET ASSETS

414,126

395,577

CAPITAL AND RESERVES

Called up share capital

58,100

58,100

Retained earnings

356,026

337,477

414,126

395,577

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 16 September 2026 and were signed on its behalf by:

Mr M Wackett - Director

Mr L M Wackett - Director

1.	STATUTORY INFORMATION

The Watson Gym Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

5% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2025

600,000

262,584

294,449

Additions

-

3,866

2,005

At 31 December 2025

600,000

266,450

296,454

DEPRECIATION

At 1 January 2025

-

-

67,648

Charge for year

-

-

11,441

At 31 December 2025

-

-

79,089

NET BOOK VALUE

At 31 December 2025

600,000

266,450

217,365

At 31 December 2024

600,000

262,584

226,801

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

96,709

57,446

6,007

1,317,195

Additions

2,933

-

1,197

10,001

At 31 December 2025

99,642

57,446

7,204

1,327,196

DEPRECIATION

At 1 January 2025

60,434

33,211

4,874

166,167

Charge for year

9,802

6,059

583

27,885

At 31 December 2025

70,236

39,270

5,457

194,052

NET BOOK VALUE

At 31 December 2025

29,406

18,176

1,747

1,133,144

At 31 December 2024

36,275

24,235

1,133

1,151,028

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Directors' current accounts

-

58,095

Prepayments and accrued income

-

2,680

-

60,775

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,519

10,032

Hire purchase contracts

12,998

12,998

Trade creditors

2,822

34,209

Social security and other taxes

507

13,522

VAT

20,101

26,798

Other creditors

394,974

394,974

Directors' current accounts

3,649

50,476

Accruals and deferred income

23,357

2,250

461,927

545,259

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

4,171

Bank loans more 5 yr by instal

247,020

280,650

Hire purchase contracts

14,400

26,848

261,420

311,669

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

247,020

280,650

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

SMH Taxation and Accountancy Ltd

16 Kipling Avenue

Bath

Somerset

BA2 4RB

Date: .............................................