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Company Registration No. 10544301 (England and Wales)
William James Properties Group Limited Unaudited accounts for the year ended 31 January 2023
William James Properties Group Limited Unaudited accounts Contents
Page
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William James Properties Group Limited Company Information for the year ended 31 January 2023
Directors
Michael Beckett Natasha Beckett
Company Number
10544301 (England and Wales)
Registered Office
1 ROSEACRE GARDENS MAIDSTONE KENT ME14 4JF UNITED KINGDOM
Accountants
PS Accounting Solutions Ltd 8 Rede Wood Road Barming Maidstone Kent ME16 9HL
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William James Properties Group Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
99 
199 
Investment property
695,272 
361,167 
695,371 
361,366 
Current assets
Cash at bank and in hand
98,708 
3,537 
Creditors: amounts falling due within one year
(253,974)
(149,933)
Net current liabilities
(155,266)
(146,396)
Total assets less current liabilities
540,105 
214,970 
Creditors: amounts falling due after more than one year
(501,229)
(150,470)
Provisions for liabilities
Deferred tax
(8,290)
(11,691)
Net assets
30,586 
52,809 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
30,576 
52,799 
Shareholders' funds
30,586 
52,809 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by
Michael Beckett Director Company Registration No. 10544301
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William James Properties Group Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
William James Properties Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10544301. The registered office is 1 ROSEACRE GARDENS, MAIDSTONE, KENT, ME14 4JF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33%
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William James Properties Group Limited Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2022
299 
At 31 January 2023
299 
Depreciation
At 1 February 2022
100 
Charge for the year
100 
At 31 January 2023
200 
Net book value
At 31 January 2023
99 
At 31 January 2022
199 
5
Investment property
2023 
£ 
Fair value at 1 February 2022
361,167 
Additions
352,005 
Net loss from fair value adjustments
(17,900)
At 31 January 2023
695,272 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
441 
Loans from directors
253,324 
149,092 
Accruals
650 
400 
253,974 
149,933 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
501,229 
150,470 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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