REGISTERED NUMBER: 01172243 (England and Wales)

F A WELCH (HATTON GARDEN) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

S C Watts

REGISTERED OFFICE:

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

REGISTERED NUMBER:

01172243 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Tangible assets

4

151

198

CURRENT ASSETS

Stocks

5

82,250

94,125

Debtors

6

5,840

12,333

Cash at bank

10,185

6,717

98,275

113,175

CREDITORS

Amounts falling due within one year

7

31,096

34,963

NET CURRENT ASSETS

67,179

78,212

TOTAL ASSETS LESS CURRENT LIABILITIES

67,330

78,410

CREDITORS

Amounts falling due after more than one year

8

-

2,464

NET ASSETS

67,330

75,946

CAPITAL AND RESERVES

Called up share capital

10

4,100

4,100

Retained earnings

11

63,230

71,846

SHAREHOLDERS' FUNDS

67,330

75,946

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

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

The director acknowledges his 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 director and authorised for issue on 22nd September 2026 and were signed by:

S C Watts - Director

1.	STATUTORY INFORMATION

F A Welch (Hatton Garden) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

20% on reducing balance

Fixtures and fittings

-

at variable rates 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.

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.

Grant income recognition

Grant income has been recognised under the performance model.

Grants that do not specify any future performance-related conditions are recorded when the grant proceeds are received or receivable. Any grant that imposes specified future performance-related conditions is recognised only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1st January 2025

and 31st December 2025

28,007

23,636

51,643

DEPRECIATION

At 1st January 2025

27,908

23,537

51,445

Charge for year

22

25

47

At 31st December 2025

27,930

23,562

51,492

NET BOOK VALUE

At 31st December 2025

77

74

151

At 31st December 2024

99

99

198

5.

STOCKS

2025

2024

£

£

Finished goods

82,250

94,125

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,856

3,093

Other debtors

2,984

9,240

5,840

12,333

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

2,464

4,142

Trade creditors

5,225

5,625

Taxation and social security

2,686

5,910

Other creditors

20,721

19,286

31,096

34,963

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

-

2,464

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

2,464

4,142

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

2,464

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

4,100

Ordinary

£1

4,100

4,100

11.

RESERVES

Retained

earnings

£

At 1st January 2025

71,846

Deficit for the year

(8,616

)

At 31st December 2025

63,230

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2025 and 31st December 2024:

2025

2024

£

£

S C Watts

Balance outstanding at start of year

8,665

10,124

Amounts advanced

17,710

23,892

Amounts repaid

(23,966

)

(25,351

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,409

8,665

Interest has been paid by the director at the official interest rate.