Watmough Brothers Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01202055 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

WATMOUGH BROTHERS INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C C Watmough

SECRETARY:

C C Watmough

REGISTERED OFFICE:

Big M Motor Spares Ltd

Watmough House, Camer Corner

Wrotham Road, Meopham

Gravesend

Kent

DA13 0JL

REGISTERED NUMBER:

01202055 (England and Wales)

ACCOUNTANTS:

Sargeant Partnership Limited

Chartered Accountants

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

FIXED ASSETS

Tangible assets

4

1,265

1,687

Investments

5

100

Investment property

6

6,718,642

6,720,007

6,720,429

CURRENT ASSETS

Debtors

7

1,431,696

1,195,477

Cash at bank

23,765

38,653

1,455,461

1,234,130

CREDITORS

Amounts falling due within one year

8

194,314

254,907

NET CURRENT ASSETS

1,261,147

979,223

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,981,154

7,699,652

CREDITORS

Amounts falling due after more than one
year

9

(2,535,000

)

(2,538,333

)

PROVISIONS FOR LIABILITIES

13

(569,812

)

(569,812

)

NET ASSETS

4,876,342

4,591,507

CAPITAL AND RESERVES

Called up share capital

14

2,000

Investment Property Reserve

15

3,104,753

Retained earnings

15

1,769,589

1,484,754

SHAREHOLDERS' FUNDS

4,876,342

4,591,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 29 October 2026 and were signed by:

C C Watmough - Director

1.	STATUTORY INFORMATION

Watmough Brothers Investments 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 as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents invoiced rentals 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.

Fixtures and fittings

-

25% per annum on reducing balance

Computer equipment

-

25% per annum on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 February 2025

and 31 January 2026

10,497

2,250

12,747

DEPRECIATION

At 1 February 2025

10,497

563

11,060

Charge for year

-

422

At 31 January 2026

10,497

985

11,482

NET BOOK VALUE

At 31 January 2026

-

1,265

At 31 January 2025

-

1,687

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2025

and 31 January 2026

100

NET BOOK VALUE

At 31 January 2026

100

At 31 January 2025

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

and 31 January 2026

6,718,642

NET BOOK VALUE

At 31 January 2026

6,718,642

At 31 January 2025

6,718,642

Fair value at 31 January 2026 is represented by:

£

Valuation in 2017

3,674,884

Cost

3,043,758

6,718,642

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

50,032

48,858

Amounts owed by group undertakings

1,353,735

1,136,773

Amounts owed by participating interests

23,547

5,464

Other debtors

4,000

Prepayments and accrued income

382

1,431,696

1,195,477

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts (see note 10)

3,333

10,000

Trade creditors

(6,752

)

(2,623

)

Amounts owed to participating interests

40,760

47,224

Tax

-

(2,014

)

Other creditors

58,124

73,890

Directors' loan accounts

43,607

71,730

Accruals and deferred income

55,242

56,700

194,314

254,907

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2026

2025

£

Bank loans (see note 10)

2,295,000

2,298,333

Other loans (see note 10)

240,000

2,535,000

2,538,333

10.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

Amounts falling due within one year or on demand:

Bank loans - less than 1 yr

3,333

10,000

Amounts falling due between one and two years:

Bank loans

2,295,000

Loan from N A Watmough and C C

Watmough

240,000

2,535,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

3,333

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

Within one year

20,707

-

Between one and five years

9,075

-

29,782

-

12.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank loans

2,298,333

2,308,333

The company's bank loan with Svenska Handelsbanken AB (publ) is secured by a charge over certain investment properties.

13.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

Other timing differences

569,812

Deferred

tax

£

Balance at 1 February 2025

569,812

investment property valuation

Balance at 31 January 2026

569,812

Deferred tax has been provided in respect of fair value gains and losses on investment property, in line with Financial Reporting Standard 102.

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

2,000

Ordinary

£1

2,000

15.

RESERVES

Investment

Retained

Property

earnings

Reserve

Totals

£

At 1 February 2025

1,484,754

3,104,753

4,589,507

Profit for the year

284,835

At 31 January 2026

1,769,589

3,104,753

4,874,342

The Investment Property Reserve is non-distributable. It represents movements in property valuations less provisions for the notional tax that would arise on gains if the properties were to be sold for the revalued amounts.

16.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed C Watmough £43,607 (2025: £71,730).

At the balance sheet date, the company owed the estate of N A Watmough £Nil (2024: £Nil).

C Watmough and N A Watmough each loaned £200,000 by unsecured loan repayable in 2026 with interest charged at 10% per annum. At 31 January 2026 the capital outstanding was £240,000 (2025: £240,000). These are personal loans and the interest sits with the directors personally not the company, therefore, interest is not accrued in the accounts.

17.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the balance sheet date Watmough Brothers Investments Limited was owed £18,082 (2025: £6,465 owed to) by Watmough Grandchildrens Settlement Trust. The director is a Trustee for this trust.

At the balance sheet date Watmough Brothers Investments Limited owed £40,760 (2025: £40,760) to Lewisham Properties LLP. They are related through common interest of the director.

At the balance sheet date Watmough & Co Limited owed £5,464 (2025: £5,464) to Watmough Brothers Investments Limited.

18.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties during the year were the estate of NA Watmough, Mr CC Watmough and his wife, by virtue of their shareholdings.