President Watch Company Limited in London, E1 7QD

Description

Data updated on: 01-11-2023

President Watch Company came into being in 2009 as a company enlisted under no 07013975, located at E1 7QD London at 10 New Goulston Street. This company has been in business for fifteen years and its official status is active. This company is known under the name of President Watch Company Limited. It should be noted that the company also was registered as Watch Town up till it got changed 14 years ago. The company's classified under the NACE and SIC code 46900: Non-specialised wholesale trade. 2022-04-30 is the last time when the company accounts were reported.

The corporation has obtained four trademarks, out of which three are still in use and the remaining one is no longer valid. The first trademark was granted in 2013 and the last one in 2014. The trademark which will become invalid sooner, i.e. in June, 2023 is TIEMPO.

In order to meet the requirements of its client base, this specific business is permanently being overseen by a team of two directors who are Hassan M. and Mahboob A.. Their work been of crucial importance to this specific business since August 2011.

Previous company's names
President Watch Company Limited 2010-01-12
Watch Town Limited 2009-09-09

Trade marks

Trademark UK00003013733

Trademark image:	-
Trademark name:	TECHNO ICE
Status:	Registered
Filing date:	2013-07-11
Date of entry in register:	2013-11-22
Renewal date:	2023-07-11
Owner name:	President Watch Co Ltd
Owner address:	10 New Goulston Street, London, United Kingdom, E1 7QD

Trademark UK00003010432

Trademark image:	-
Trademark name:	TIEMPO
Status:	Registered
Filing date:	2013-06-18
Date of entry in register:	2013-09-20
Renewal date:	2023-06-18
Owner name:	President Watch Co Ltd
Owner address:	10 New Goulston Street, London, United Kingdom, E1 7QD

Trademark UK00003010436

Trademark image:	-
Trademark name:	TIEMPO
Status:	Withdrawn
Filing date:	2013-06-18
Owner name:	President Watch Co Ltd
Owner address:	10 New Goulston Street, London, United Kingdom, E1 7QD

Trademark UK00003028945

Trademark image:	-
Trademark name:	Charles Raymond
Status:	Registered
Filing date:	2013-11-01
Date of entry in register:	2014-02-07
Renewal date:	2023-11-01
Owner name:	President watch Co ltd
Owner address:	10 New Goulston Street, LONDON, United Kingdom, E1 7QD

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-04-30	2017-04-30	2018-04-30	2019-04-30	2020-04-30	2021-04-30	2022-04-30	2023-04-30
Currency

Balance Sheet
Cash Bank On Hand	1 702	5 292	1 156	11 980	44 431	63 827	37 989	15 164
Current Assets	72 236	58 477	60 368	61 618	101 800	117 389	140 639	91 187
Debtors	38 680	27 422	29 979	7 333	15 383	5 000	7 116	20 187
Net Assets Liabilities	12 290	-24 267	-57 927	-46 567	-19 104	11 922	8 403	8 944
Other Debtors	19 400	19 400	19 400	5 126	5 000	5 000	5 000	5 000
Property Plant Equipment	4 993	3 994	3 195	2 556	2 275	1 808	1 438	1 144
Total Inventories	31 854	25 763	29 233	42 305	41 986	48 562	95 534	55 836

Other Financial Data
Accrued Liabilities	750	2 667	6 019
Accumulated Amortisation Impairment Intangible Assets	5 725	6 886	8 047	9 208	10 369	10 902	11 481	11 618
Accumulated Depreciation Impairment Property Plant Equipment	7 081	8 080	8 879	9 518	10 107	10 574	10 944	11 238
Additions Other Than Through Business Combinations Property Plant Equipment					308
Amounts Owed To Directors	7 861	33 984	37 594	27 210	22 114	6 059	1 059	141
Average Number Employees During Period	2	2	2	3	3	2	3	3
Bank Borrowings						50 000	31 670	21 670
Corporation Tax Payable	199					2 981	3 062	600
Corporation Tax Recoverable		410
Creditors	70 832	91 470	125 060	20 000	20 000	70 000	46 670	36 670
Decrease In Loans Owed To Related Parties Due To Loans Repaid						-16 055	-5 000	-1 059
Finished Goods Goods For Resale		25 763	29 233	42 305	41 986	48 562	95 534	55 836
Fixed Assets	10 886	8 726	6 766	4 966	3 524	1 896	1 575	1 144
Increase From Amortisation Charge For Year Intangible Assets		1 161	1 161	1 161	1 161	1 161	579	137
Increase From Depreciation Charge For Year Property Plant Equipment		999	799	639	589	467	370	294
Increase In Loans Owed To Related Parties Due To Loans Advanced								141
Intangible Assets	5 893	4 732	3 571	2 410	1 249	88	137
Intangible Assets Gross Cost	11 618	11 618	11 618	11 618	11 618	11 618	11 618	11 618
Loans Owed To Related Parties					22 114	6 059	1 059	141
Net Current Assets Liabilities	1 404	-32 993	-64 693	-31 533	-2 628	80 026	53 498	44 470
Number Shares Issued Fully Paid	100	100	100	100	100	100	100	100
Other Creditors		168	141	141	141	141	141
Other Inventories	31 854	25 763
Other Remaining Borrowings				20 000	20 000	20 000	15 000	15 000
Par Value Share		1	1	1	1	1	1	1
Prepayments	9 235	7 612	10 579	2 151	7 203			7 250
Property Plant Equipment Gross Cost	12 074	12 074	12 074	12 074	12 382	12 382	12 382	12 382
Taxation Social Security Payable	5 738	4 381	2 477	1 603	5 363	7 678	20 677	15 473
Total Assets Less Current Liabilities			-57 927	-26 567	896	81 922	55 073	45 614
Total Borrowings				20 000	20 000	70 000	46 670	36 670
Trade Creditors Trade Payables	56 284	50 270	78 829	64 197	76 810	20 504	52 202	20 503
Trade Debtors Trade Receivables	10 045			56	3 180		2 116	7 937
Director Remuneration	28 338	29 376	29 157	28 858	32 053	32 198	32 968	15 585

Company staff

Hassan M.

Role: Director

Appointed: 31 August 2011

Latest update: 30 April 2024

Mahboob A.

Role: Director

Appointed: 12 January 2010

Latest update: 30 April 2024

People with significant control

Executives who control the firm include: Hassan M. has substantial control or influence over the company owns 1/2 or less of company shares and has 1/2 or less of voting rights. Mahboob A. has substantial control or influence over the company owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Hassan M.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

right to manage directors

substantial control or influence

1/2 or less of shares

Mahboob A.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

right to manage directors

substantial control or influence

1/2 or less of shares

Accounts Documents

Account next due date	31 January 2024
Account last made up date	30 April 2022
Confirmation statement next due date	23 September 2024
Confirmation statement last made up date	09 September 2023

Annual Accounts
Start Date For Period Covered By Report	2016-05-01
End Date For Period Covered By Report	2017-04-30
Annual Accounts
Start Date For Period Covered By Report	2017-05-01
End Date For Period Covered By Report	2018-04-30
Annual Accounts
Start Date For Period Covered By Report	2018-05-01
End Date For Period Covered By Report	2019-04-30
Annual Accounts
Start Date For Period Covered By Report	2019-05-01
End Date For Period Covered By Report	2020-04-30
Annual Accounts
Start Date For Period Covered By Report	2020-05-01
End Date For Period Covered By Report	2021-04-30
Annual Accounts
Start Date For Period Covered By Report	2021-05-01
End Date For Period Covered By Report	2022-04-30
Annual Accounts
Start Date For Period Covered By Report	2022-05-01
End Date For Period Covered By Report	2023-04-30

President Watch Company Limited

General information

Name:

Office Address:

Description

Trade marks

Trademark UK00003013733

Trademark UK00003010432

Trademark UK00003010436

Trademark UK00003028945

Financial data based on annual reports

Company staff

Hassan M.

Mahboob A.

Naraindas M.

Ravi M.

People with significant control

Hassan M.

Mahboob A.

Accounts Documents

Company filings

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