Registered number
06691635
Renshaw Williams Holdings Limited
Unaudited Filleted Accounts
31 October 2022
Renshaw Williams Holdings Limited
Registered number: 06691635
Balance Sheet
as at 31 October 2022
Notes 2022 2021
£ £
Fixed assets
Intangible assets 3 114,480 133,560
Investments 4 20,000 20,000
134,480 153,560
Current assets
Cash at bank and in hand 33 2,752
Creditors: amounts falling due within one year 5 (54,091) (38,199)
Net current liabilities (54,058) (35,447)
Total assets less current liabilities 80,422 118,113
Creditors: amounts falling due after more than one year 6 (7,971) (49,471)
Net assets 72,451 68,642
Capital and reserves
Called up share capital 100 100
Profit and loss account 72,351 68,542
Shareholders' funds 72,451 68,642
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E A Pollitt
Director
Approved by the board on 23 October 2023
Renshaw Williams Holdings Limited
Notes to the Accounts
for the year ended 31 October 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover/Other operating income
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2021 381,600
At 31 October 2022 381,600
Amortisation
At 1 November 2021 248,040
Provided during the year 19,080
At 31 October 2022 267,120
Net book value
At 31 October 2022 114,480
At 31 October 2021 133,560
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 November 2021 20,000
At 31 October 2022 20,000
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts - 2,731
Trade creditors 900 840
Amounts owed to group undertakings and undertakings in which the company has a participating interest 34,296 31,296
Taxation and social security costs 895 1,832
Other creditors 18,000 1,500
54,091 38,199
Other creditors ( notes 5 & 6) comprise balances due to the estate of W D Williams and to David Williams & Co Ltd, a company in which the estate of W D Williams is the majority shareholder. The estate of W D Williams owns 49 ordinary shares (49% shareholding) in Renshaw Williams Ltd.
6 Creditors: amounts falling due after one year 2022 2021
£ £
Other creditors 7,971 49,471
7 Controlling party
E A Pollitt, a director of the company, holds 51% of the ordinary share capital and thus controls the company.
8 Other information
Renshaw Williams Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Great Moor House
2 Fence Street
Stockport
Cheshire
SK2 7HP
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