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Registration number: 13089601

Williamsons Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2023

 

Williamsons Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Williamsons Holdings Limited

Company Information

Directors

SJ Clubley

JF Cousins

Registered office

45 Lowgate
Hull
East Yorkshire
HU1 1EN

Accountants

Forrester Boyd Robson
Chartered Accountants
Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

 

Williamsons Holdings Limited

(Registration number: 13089601)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

2,721,073

2,719,823

Current assets

 

Cash at bank and in hand

 

46,539

200,343

Creditors: Amounts falling due within one year

5

(2,762,710)

(2,700,863)

Net current liabilities

 

(2,716,171)

(2,500,520)

Net assets

 

4,902

219,303

Capital and reserves

 

Called up share capital

6

4,375

5,000

Retained earnings

527

214,303

Shareholders' funds

 

4,902

219,303

For the financial year ending 31 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 September 2023 and signed on its behalf by:
 

.........................................
SJ Clubley
Director

.........................................
JF Cousins
Director

 

Williamsons Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a incorporated in England & Wales and the company registration number is 13089601.

The address of its registered office is:
45 Lowgate
Hull
East Yorkshire
HU1 1EN

These financial statements were authorised for issue by the Board on 29 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Group accounts not prepared

The company has taken advantage of the exemption from preparing group consolidated accounts as it is a small group.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

 

Williamsons Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2022 - 5).

4

Investments

2023
£

2022
£

Investments in subsidiaries

2,721,073

2,719,823

Subsidiaries

£

Cost or valuation

At 1 February 2022

2,719,823

Additions

1,250

At 31 January 2023

2,721,073

Provision

Carrying amount

At 31 January 2023

2,721,073

At 31 January 2022

2,719,823

 

Williamsons Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the Company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Williamsons Solicitors Limited

45 Lowgate, Hull, East Yorkshire, HU1 1EN

England

ordinary A shares

100%

80%

Subsidiary undertakings

Williamsons Solicitors Limited

The principal activity of Williamsons Solicitors Limited is provision of legal services. The profit for the financial period of Williamsons Solicitors Limited was £1,454,887 and the aggregate amount of Capital and reserves at the end of the period was £5,372,164.

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

1,698,515

1,516,667

Other creditors

 

1,058,695

1,178,696

Accruals and deferred income

 

5,500

5,500

 

2,762,710

2,700,863

 

Williamsons Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Class A shares of £1 each

750

750

1,250

1,250

Class B shares of £1 each

375

375

1,250

1,250

Class C shares of £1 each

750

750

1,250

1,250

Class D shares of £1 each

1,250

1,250

1,250

1,250

Class E shares of £1 (2022 - £0) each

1,250

1,250

-

-

 

4,375

4,375

5,000

5,000

"A", "B", ''C'', ''D'' and ''E'' ordinary shares carry full voting rights, total privileges in respect of dividends and are permitted to participate in any distribution (including on winding up).
 

During the year the company bought back 500 Class A shares, 875 Class B shares and 500 Class C shares.

During the year 1,250 Class E shares having an aggregate nominal value of £1,250 were allotted for an aggregate consideration of £Nil. The reason for the share allotment was due to a share for share exchange.

 

Williamsons Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

7

Related party transactions

Transactions with Directors

2023

At 1 February 2022
£

Advances to Director
£

Repayments by Director
£

At 31 January 2023
£

SJ Clubley

(1,172)

(208,700)

209,872

-

         
       

 

Williamsons Solicitors Limited
(Subsidiary company)
During the year the company received dividends of £1,098,003 (2022: £581,959) from Williamsons Solicitors Limited.
At the year end the company owed £1,698,515 (2022: £1,516,667) to Williamsons Solicitors Limited.