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REGISTERED NUMBER: 00578514 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2023

for

WILLIAMS AND BROOKE LIMITED

WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 5


WILLIAMS AND BROOKE LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: N R Evans
N D Evans



SECRETARY: Dr S A Evans



REGISTERED OFFICE: 'Horizons'
Rest Bay Close
Porthcawl
Mid.Glamorgan
CF36 3UN



REGISTERED NUMBER: 00578514 (England and Wales)



ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT



BANKERS: HSBC
Portland Street
Swansea
SA1 3DF

WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514)

Balance Sheet
31 JANUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 21,669 21,964
Investments 5 10,009 10,009
31,678 31,973

CURRENT ASSETS
Stocks 6 1,176,103 1,153,662
Debtors 7 218,533 217,005
Cash at bank 73,599 42,783
1,468,235 1,413,450
CREDITORS
Amounts falling due within one year 8 (464,223 ) (878,553 )
NET CURRENT ASSETS 1,004,012 534,897
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,035,690

566,870

CREDITORS
Amounts falling due after more than
one year

9

(580,067

)

(112,373

)

PROVISIONS FOR LIABILITIES (887 ) (887 )
NET ASSETS 454,736 453,610

WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514)

Balance Sheet - continued
31 JANUARY 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 451,736 450,610
SHAREHOLDERS' FUNDS 454,736 453,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 Income Statement has not been delivered.

WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514)

Balance Sheet - continued
31 JANUARY 2023



The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:





N R Evans - Director


WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Williams and Brooke 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Fixed assets are depreciated at the following rates to write off their cost to estimated residual values of each asset over its expected useful life as follows:

Fixtures & fittings-15% reducing balance basis
Motor vehicles-25% reducing balance basis

Stocks and work in progress
Stocks and work in progress of freehold and leasehold sites have been valued at the lower of cost and net realisable value by the directors, including legal and valuation fees.

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.

WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued

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.

Revaluation of properties
Freehold property is carried at its open market value. A full valuation is to be undertaken every five years by a firm of independent valuers with an interim valuation in year three.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 20,000 16,765 36,765
DEPRECIATION
At 1 February 2022 - 14,801 14,801
Charge for year - 295 295
At 31 January 2023 - 15,096 15,096
NET BOOK VALUE
At 31 January 2023 20,000 1,669 21,669
At 31 January 2022 20,000 1,964 21,964

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2022
and 31 January 2023 10,009
NET BOOK VALUE
At 31 January 2023 10,009
At 31 January 2022 10,009

WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2023

6. STOCKS
2023 2022
£    £   
Stocks 22,691 250
Work-in-progress 1,153,412 1,153,412
1,176,103 1,153,662

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Due from related companies 215,342 213,841
Prepayments 3,191 3,164
218,533 217,005

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 13,566 350,000
Other loans - 34,576
Tax 8,543 16,013
Social security and other taxes 1,160 833
Due to related companies 51,013 51,374
Directors' current accounts 186,603 228,455
Accruals and deferred income 4,998 4,998
Accrued expenses 198,340 192,304
464,223 878,553

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 14,222 -
Bank loans - 2-5 years 46,924 -
Bank loans more 5 yr by instal 518,921 -
Other loans - 2-5 years - 112,373
580,067 112,373

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 518,921 -

WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 593,633 350,000

The bank loans and overdraft are secured by way of charges over the stock and work in progress of the company. All facilities are reviewed every 5 years.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 January 2023 the company owed the directors £186,603 (2022 - £228,455).

Loan interest charged on Mr & Mrs N.R. Evans account was £17,800.

12. RELATED PARTY DISCLOSURES

Mr N R Evans is a director and shareholder of Tiffany Properties Limited, NRE Project Management Tenby Limited and NRE 55 (Tenby) Limited.

As at 31 January 2023 the company owed £51,013 to Tiffany Properties Limited, (2022 - £51,374).

R & S Project Management Porthcawl Limited and R & S Project Management Tenby Limited are connected to Williams & Brooke Limited as Mr N.R. Evans and Mr N.D. Evans are directors in both companies. As at 31 January 2023 Williams & Brooke Limited was owed £3,497 (2022 - £3,136) from R & S Project Management Tenby Limited and £85,715 (2022 - £85,354) from R & S Project Management Porthcawl Limited.

Williams & Brooke Limited is owed £124,935 (2022 - £124,877) from NRE 55 (Tenby) Limited and is owed £835 (2022 - £474) from NRE Project Management Tenby Limited.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N R Evans. He owns just over 50% of the issued share capital of the company.