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REGISTERED NUMBER: 01254572 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

WILLIAMS ARMS (DEVON) LIMITED

WILLIAMS ARMS (DEVON) LIMITED (REGISTERED NUMBER: 01254572)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022










Page

Balance Sheet 1

Notes to the Financial Statements 3


WILLIAMS ARMS (DEVON) LIMITED (REGISTERED NUMBER: 01254572)

BALANCE SHEET
31 JANUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 667,794 677,578
Investments 5 191,803 191,803
859,597 869,381

CURRENT ASSETS
Stocks 15,440 11,993
Debtors 6 57,690 56,970
Cash at bank and in hand 251,772 18,542
324,902 87,505
CREDITORS
Amounts falling due within one year 7 163,974 56,019
NET CURRENT ASSETS 160,928 31,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,020,525

900,867

CREDITORS
Amounts falling due after more than one
year

8

118,182

190,369
NET ASSETS 902,343 710,498

CAPITAL AND RESERVES
Called up share capital 9 30,000 30,000
Revaluation reserve 10 346,951 346,951
Retained earnings 525,392 333,547
SHAREHOLDERS' FUNDS 902,343 710,498

WILLIAMS ARMS (DEVON) LIMITED (REGISTERED NUMBER: 01254572)

BALANCE SHEET - continued
31 JANUARY 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2022 and were signed on its behalf by:





Mr J B Squire - Director


WILLIAMS ARMS (DEVON) LIMITED (REGISTERED NUMBER: 01254572)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022


1. STATUTORY INFORMATION

Williams Arms (Devon) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01254572

Registered office: Grenville House
9 Boutport Street
Barnstaple
Devon
EX31 1TZ

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.

Turnover
Turnover represents net sales of goods and services, excluding value added tax.

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 equipment - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2021 - 23 ) .

WILLIAMS ARMS (DEVON) LIMITED (REGISTERED NUMBER: 01254572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 February 2021 600,000 475,469 1,075,469
Additions - 2,695 2,695
At 31 January 2022 600,000 478,164 1,078,164
DEPRECIATION
At 1 February 2021 - 397,891 397,891
Charge for year - 12,479 12,479
At 31 January 2022 - 410,370 410,370
NET BOOK VALUE
At 31 January 2022 600,000 67,794 667,794
At 31 January 2021 600,000 77,578 677,578

Depreciation has not been provided on freehold property as the Directors maintain the Public House in such a condition that any depreciation would be immaterial.

Freehold land and buildings were revalued in 2000 by the directors at a conservative open market value of £600,000.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2021
and 31 January 2022 191,803
NET BOOK VALUE
At 31 January 2022 191,803
At 31 January 2021 191,803

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 57,690 56,970

WILLIAMS ARMS (DEVON) LIMITED (REGISTERED NUMBER: 01254572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans 36,364 -
Trade creditors 36,317 4,112
Taxation and social security 80,559 39,638
Other creditors 10,734 12,269
163,974 56,019

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 118,182 190,369

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
30,000 Ordinary A, B, C, D and E £1 30,000 30,000

10. RESERVES
Revaluation
reserve
£   
At 1 February 2021
and 31 January 2022 346,951