REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
HENRY WILLIAMS & SON (HOLDINGS) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
HENRY WILLIAMS & SON (HOLDINGS) LIMITED |
HENRY WILLIAMS & SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 06434557) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
HENRY WILLIAMS & SON (HOLDINGS) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
3 Grove Road |
Wrexham |
LL11 1DY |
SOLICITORS: |
12 Grosvenor Road |
Wrexham |
LL11 1BU |
HENRY WILLIAMS & SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 06434557) |
BALANCE SHEET |
31 DECEMBER 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
HENRY WILLIAMS & SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 06434557) |
BALANCE SHEET - continued |
31 DECEMBER 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
HENRY WILLIAMS & SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 06434557) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Henry Williams & Son (Holdings) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company's functional and presentation currency is Pound Sterling (£), rounded to the nearest pound. |
Tangible fixed assets |
Freehold property | - |
Fixtures and fittings | - |
No depreciation has been provided in respect of the company's freehold property on the grounds that the charge would be immaterial based on the estimated residual value at the year end date. The directors consider that this accounting policy which represents a departure from Companies Act 2006 is necessary for the financial statements to show a true and fair view. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
The Freehold Interest at Units 1 & 3 Park Road, Rhosymedre, Wrexham was valued by Legat Owen (independent qualified valuer) on 15th May 2023 at £800,000. |
HENRY WILLIAMS & SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 06434557) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
4. | TANGIBLE FIXED ASSETS - continued |
Cost or valuation at 31 December 2023 is represented by: |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
Valuation in 2023 | 800,000 | - | 800,000 |
Cost | - | 3,390 | 3,390 |
800,000 | 3,390 | 803,390 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Trade debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Mortgage |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
Other creditors |
Prepaid income |
Accruals & deferred income |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Mortgage | 2-5 years |
Mortgage more than 5yrs instal | 151,726 | 168,667 |
HENRY WILLIAMS & SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 06434557) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
31.12.23 | 31.12.22 |
£ | £ |
Amounts falling due in more than five years: |
Repayable by instalments |
Mortgage more than 5yrs instal | 151,726 | 168,667 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.12.23 | 31.12.22 |
£ | £ |
Mortgage | 196,726 | 213,667 |
The mortgage provider holds a legal charge over Units 1 & 3 Park Road Industrial Estate, and a fixed and floating charge over all the property or undertaking of the company. |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.23 | 31.12.22 |
value: | £ | £ |
Ordinary share capital | £1 | 1,000 | 1,000 |
11. | RELATED PARTY DISCLOSURES |
As at the 31st December 2023 the sum of £219,684 (2022:£202,206) was owed to Henry Williams & Sons (Roads) Limited, a subsidiary of the company. No interest was payable on the loan during the year ended 31st December 2023, and the loan is repayable on demand. |
12. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is the director, Mr S R Williams, by virtue of holding a controlling interest in the issued ordinary shares. |