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REGISTERED NUMBER: 08209667 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

WILLIAMSONS PROPERTY LIMITED

WILLIAMSONS PROPERTY LIMITED (REGISTERED NUMBER: 08209667)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLIAMSONS PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mark Duncan Williamson





SECRETARY: Marie Josephine Williamson





REGISTERED OFFICE: Field View
65 Main Street
Knapton
York
North Yorkshire
YO26 6QG





REGISTERED NUMBER: 08209667 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
Lawrence House
James Nicolson Link
Clifton Moor
York
North Yorkshire
YO30 4WG

WILLIAMSONS PROPERTY LIMITED (REGISTERED NUMBER: 08209667)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,391 10,046
7,391 10,046

CURRENT ASSETS
Stocks - 233,058
Debtors 6 26,634 21,974
Cash at bank 882,210 523,398
908,844 778,430
CREDITORS
Amounts falling due within one year 7 62,647 58,993
NET CURRENT ASSETS 846,197 719,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

853,588

729,483

PROVISIONS FOR LIABILITIES - 963
NET ASSETS 853,588 728,520

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 853,488 728,420
853,588 728,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WILLIAMSONS PROPERTY LIMITED (REGISTERED NUMBER: 08209667)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2024 and were signed by:





Mark Duncan Williamson - Director


WILLIAMSONS PROPERTY LIMITED (REGISTERED NUMBER: 08209667)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Williamsons Property 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been amortised evenly over its estimated useful life of five years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences have been amortised evenly over their estimated useful life of five years.

Computer software has been amortised evenly over its estimated useful life of five years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer Equipment - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


WILLIAMSONS PROPERTY LIMITED (REGISTERED NUMBER: 08209667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

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.

INCOME RECOGNITION
Income is recognised when services and goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Computer
Goodwill licences software Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 207,000 115 362 207,477
AMORTISATION
At 1 April 2023
and 31 March 2024 207,000 115 362 207,477
NET BOOK VALUE
At 31 March 2024 - - - -
At 31 March 2023 - - - -

WILLIAMSONS PROPERTY LIMITED (REGISTERED NUMBER: 08209667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 26,142 260 8,144
Additions - - -
At 31 March 2024 26,142 260 8,144
DEPRECIATION
At 1 April 2023 20,108 232 7,150
Charge for year 2,614 6 199
At 31 March 2024 22,722 238 7,349
NET BOOK VALUE
At 31 March 2024 3,420 22 795
At 31 March 2023 6,034 28 994

Motor Computer
vehicles Equipment Totals
£    £    £   
COST
At 1 April 2023 12,974 13,385 60,905
Additions - 1,216 1,216
At 31 March 2024 12,974 14,601 62,121
DEPRECIATION
At 1 April 2023 11,739 11,630 50,859
Charge for year 309 743 3,871
At 31 March 2024 12,048 12,373 54,730
NET BOOK VALUE
At 31 March 2024 926 2,228 7,391
At 31 March 2023 1,235 1,755 10,046

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,442 16,667
Other debtors 5,192 5,307
26,634 21,974

WILLIAMSONS PROPERTY LIMITED (REGISTERED NUMBER: 08209667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,921 5,086
Tax 45,394 37,204
Social security and other taxes 648 196
VAT 4,488 10,720
Other creditors 317 445
Credit card 239 791
Directors' current accounts 566 20
Accrued expenses 3,074 4,531
62,647 58,993

8. PENSION COMMITMENTS

The company operates a defined contribution scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund which amounted to £1,729 (2023 £2,273). Contributions totalling £119 (2023 £154) were payable to the fund at the year end and are included in creditors.