Xcode 13: iPhone Development fails with paired WatchOS 4.3.2

I am running Xcode Version 13.0 (13A233) on a iMac M1. Trying to enable development on iPhone 11 Pro iOS 15.0.1 with a paired Apple Watch with WatchOS 4.3.2 times out and fails to be enabled. Under iOS 15.0 the development worked.

When unparing the Apple Watch, the iPhone gets enabled without issues. After pairing the watch again, it fails to provision for development again. I am not interested in development for WatchOS, but I do want to keep the watch paired.

How do I enable development with a paired watchOS 4.3.2 device?

Xcode 13: iPhone Development fails with paired WatchOS 4.3.2
 
 
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