Silverfin false 19/02/2023 20/02/2022 19/02/2023 S J McWilliams 31/12/1991 Stephen McWilliams 30 October 2023 The principal activity of the Company during the financial year was rental of property 00960965 2023-02-19 00960965 bus:Director1 2023-02-19 00960965 2022-02-19 00960965 core:CurrentFinancialInstruments 2023-02-19 00960965 core:CurrentFinancialInstruments 2022-02-19 00960965 core:ShareCapital 2023-02-19 00960965 core:ShareCapital 2022-02-19 00960965 core:OtherCapitalReserve 2023-02-19 00960965 core:OtherCapitalReserve 2022-02-19 00960965 core:RetainedEarningsAccumulatedLosses 2023-02-19 00960965 core:RetainedEarningsAccumulatedLosses 2022-02-19 00960965 core:LandBuildings 2022-02-19 00960965 core:OtherPropertyPlantEquipment 2022-02-19 00960965 core:LandBuildings 2023-02-19 00960965 core:OtherPropertyPlantEquipment 2023-02-19 00960965 2022-02-20 2023-02-19 00960965 bus:FullAccounts 2022-02-20 2023-02-19 00960965 bus:SmallEntities 2022-02-20 2023-02-19 00960965 bus:AuditExemptWithAccountantsReport 2022-02-20 2023-02-19 00960965 bus:PrivateLimitedCompanyLtd 2022-02-20 2023-02-19 00960965 bus:Director1 2022-02-20 2023-02-19 00960965 bus:Director2 2022-02-20 2023-02-19 00960965 core:OtherPropertyPlantEquipment 2022-02-20 2023-02-19 00960965 2021-02-20 2022-02-19 00960965 core:LandBuildings 2022-02-20 2023-02-19 iso4217:GBP xbrli:pure

Company No: 00960965 (England and Wales)

E AND P MCWILLIAMS LIMITED

Unaudited Financial Statements
For the financial year ended 19 February 2023
Pages for filing with the registrar

E AND P MCWILLIAMS LIMITED

Unaudited Financial Statements

For the financial year ended 19 February 2023

Contents

E AND P MCWILLIAMS LIMITED

BALANCE SHEET

As at 19 February 2023
E AND P MCWILLIAMS LIMITED

BALANCE SHEET (continued)

As at 19 February 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 336,892 337,425
336,892 337,425
Current assets
Debtors 4 4,111 5,431
Cash at bank and in hand 8,823 10,461
12,934 15,892
Creditors: amounts falling due within one year 5 ( 105,824) ( 121,663)
Net current liabilities (92,890) (105,771)
Total assets less current liabilities 244,002 231,654
Net assets 244,002 231,654
Capital and reserves
Called-up share capital 120 120
Other reserves 4,798 4,798
Profit and loss account 239,084 226,736
Total shareholder's funds 244,002 231,654

For the financial year ending 19 February 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of E and P McWilliams Limited (registered number: 00960965) were approved and authorised for issue by the Director on 30 October 2023. They were signed on its behalf by:

Stephen McWilliams
Director
E AND P MCWILLIAMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 19 February 2023
E AND P MCWILLIAMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 19 February 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

E and P McWilliams Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents rental income excluding value added tax. Rental income is accounted for in the period in which it relates.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery etc. 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 20 February 2022 330,781 32,434 363,215
Additions 0 139 139
At 19 February 2023 330,781 32,573 363,354
Accumulated depreciation
At 20 February 2022 0 25,790 25,790
Charge for the financial year 0 672 672
At 19 February 2023 0 26,462 26,462
Net book value
At 19 February 2023 330,781 6,111 336,892
At 19 February 2022 330,781 6,644 337,425

4. Debtors

2023 2022
£ £
Other debtors 4,111 5,431

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 3,066 6,276
Other creditors 102,758 115,387
105,824 121,663