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Company Registration No. 13158497 (England and Wales)
Watt Construction Ltd Unaudited accounts for the year ended 31 January 2026
Watt Construction Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Watt Construction Ltd Company Information for the year ended 31 January 2026
Director
Mr T A Watt
Company Number
13158497 (England and Wales)
Registered Office
8 Stones Gallop Cranbrook Exeter Devon EX5 7DY England
Accountants
On Target Accounting Ltd 105 Chineway Gardens Ottery St Mary Devon EX11 1JJ
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Watt Construction Ltd Statement of financial position as at 31 January 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Investment property
4
219,999 
94,747 
Current assets
Cash at bank and in hand
24,152 
82,850 
Creditors: amounts falling due within one year
5
(146,619)
(174,616)
Net current liabilities
(122,467)
(91,766)
Total assets less current liabilities
97,532 
2,981 
Creditors: amounts falling due after more than one year
6
(63,978)
- 
Provisions for liabilities
Deferred tax
(4,996)
- 
Net assets
28,558 
2,981 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
28,458 
2,881 
Shareholders' funds
28,558 
2,981 
For the year ending 31 January 2026 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2026 and were signed on its behalf by
Mr T A Watt Director Company Registration No. 13158497
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Watt Construction Ltd Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
Watt Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 13158497. The registered office is 8 Stones Gallop, Cranbrook, Exeter, Devon, EX5 7DY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
4
Investment property
2026 
£ 
Fair value at 1 February 2025
94,747 
Additions
98,957 
Net gain from fair value adjustments
26,295 
At 31 January 2026
219,999 
At the year end the investment properties have been uplifted to reflect their market value in accordance with the applicable accounting standards. Market value was assessed by the director to be £110,000 each for the two properties. No formal valuation has been undertaken at time of preparing these accounts.
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Watt Construction Ltd Notes to the Accounts for the year ended 31 January 2026
5
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
Bank loans and overdrafts
3,469 
- 
Taxes and social security
1,004 
915 
Loans from directors
140,096 
172,068 
Accruals
400 
833 
Deferred income
1,650 
800 
146,619 
174,616 
6
Creditors: amounts falling due after more than one year
2026 
2025 
£ 
£ 
Bank loans
63,978 
- 
7
Average number of employees
During the year the average number of employees was 1 (2025: 1).
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