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Registered number: 00012934
Watts And Company Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 00012934
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 224,862 252,969
Investments 5 170,000 170,000
394,862 422,969
CURRENT ASSETS
Stocks 6 418,192 369,148
Debtors 7 208,964 139,808
Cash at bank and in hand 457,673 471,551
1,084,829 980,507
Creditors: Amounts Falling Due Within One Year 8 (662,841 ) (935,560 )
NET CURRENT ASSETS (LIABILITIES) 421,988 44,947
TOTAL ASSETS LESS CURRENT LIABILITIES 816,850 467,916
NET ASSETS 816,850 467,916
CAPITAL AND RESERVES
Called up share capital 9 14,100 14,100
Share premium account 91,450 91,450
Profit and Loss Account 711,300 362,366
SHAREHOLDERS' FUNDS 816,850 467,916
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For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Robert Hoare
Director
24/08/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Watts And Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00012934 . The registered office is 7 Tufton Street, Westminster, London, SW1P 3QE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling , which is the functional currency of the company.
Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

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. Tangible Fixed Assets and Depreciation
The company has a policy where it recognises assets if the value is over £5,000. For any assets that reach the threshold, it will be depreciated over 5 years. Any asset below the threshold will be expensed to the profit and loss but in terms of taxation, it will be included in the corporation tax adjustments and capital allowances will be claimed.
2.4. Investment Properties
The investment property has a defined lease until 2035 and so it being amortised on the length of the remaining lease terms.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2024: 36)
35 36
4. Tangible Assets
Investment Properties
£
Cost
As at 1 January 2025 337,291
As at 31 December 2025 337,291
Depreciation
As at 1 January 2025 84,322
Provided during the period 28,107
As at 31 December 2025 112,429
Net Book Value
As at 31 December 2025 224,862
As at 1 January 2025 252,969
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5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 January 2025 170,000
As at 31 December 2025 170,000
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 170,000
As at 1 January 2025 170,000
6. Stocks
2025 2024
£ £
Materials 418,192 369,148
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 193,559 108,192
Other debtors 15,405 31,616
208,964 139,808
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 66,794 97,613
Other creditors 588,681 811,969
Taxation and social security 7,366 25,978
662,841 935,560
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 14,100 14,100
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10. Related Party Transactions
Included in other creditors is the following:
An interest-free loan of £39,844 (2024:£39,844) made by a French company under common control.
An interest-free loan of £144,781 (2024:£149,337) made by a UK company under common control.
An interest-free loan of £81,258.24 (2024:£116,235) has been loaned to the company by a shareholder.
11. Ultimate Controlling Party
During the current and previous year, there was no majority shareholder. The directors Mr R Hoare and Ms MS De Caraman Chimay combined, control 76% of the issued share capital.
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