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REGISTERED NUMBER: 06434557 (England and Wales)















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: S R Williams



REGISTERED OFFICE: 3 Grove Road
Wrexham
LL11 1DY



REGISTERED NUMBER: 06434557 (England and Wales)



ACCOUNTANTS: Guy Walmsley Limited
Chartered Accountants
3 Grove Road
Wrexham
LL11 1DY



SOLICITORS: Gittins McDonalds 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 4 800,497 447,022
Investments 5 7,500 7,500
807,997 454,522

CURRENT ASSETS
Debtors 6 7,500 -
Cash at bank 2,797 8,766
10,297 8,766
CREDITORS
Amounts falling due within one year 7 242,838 224,344
NET CURRENT LIABILITIES (232,541 ) (215,578 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

575,456

238,944

CREDITORS
Amounts falling due after more than one
year

8

187,726

204,667
NET ASSETS 387,730 34,277

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 386,730 33,277
SHAREHOLDERS' FUNDS 387,730 34,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

HENRY WILLIAMS & SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 06434557)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 August 2024 and were signed by:





S R Williams - Director


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 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 as modified by the revaluation of certain assets.

The company's functional and presentation currency is Pound Sterling (£), rounded to the nearest pound.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 20% on cost

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 7,500
NET BOOK VALUE
At 31 December 2023 7,500
At 31 December 2022 7,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 7,500 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Mortgage 9,000 9,000
Amounts owed to group undertakings 219,684 202,206
Tax 1,621 1,530
Social security and other taxes 1,250 1,250
Other creditors 333 333
Prepaid income 6,250 6,250
Accruals & deferred income 4,700 3,775
242,838 224,344

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Mortgage 2-5 years 36,000 36,000
Mortgage more than 5yrs instal 151,726 168,667
187,726 204,667

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: £    £   
1,000 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.