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REGISTERED NUMBER: 01254572 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

WILLIAMS ARMS (DEVON) LIMITED

WILLIAMS ARMS (DEVON) LIMITED (REGISTERED NUMBER: 01254572)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


WILLIAMS ARMS (DEVON) LIMITED (REGISTERED NUMBER: 01254572)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 655,089 659,127
Investments 5 191,803 191,803
846,892 850,930

CURRENT ASSETS
Stocks 21,259 19,847
Debtors 6 25,458 25,641
Cash at bank and in hand 585,074 426,388
631,791 471,876
CREDITORS
Amounts falling due within one year 7 224,373 217,746
NET CURRENT ASSETS 407,418 254,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,254,310

1,105,060

CREDITORS
Amounts falling due after more than one
year

8

81,818

81,818
NET ASSETS 1,172,492 1,023,242

CAPITAL AND RESERVES
Called up share capital 9 30,000 30,000
Revaluation reserve 10 346,951 346,951
Retained earnings 10 795,541 646,291
SHAREHOLDERS' FUNDS 1,172,492 1,023,242

WILLIAMS ARMS (DEVON) LIMITED (REGISTERED NUMBER: 01254572)

BALANCE SHEET - continued
31 JANUARY 2024


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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





Mr J B Squire - Director


WILLIAMS ARMS (DEVON) LIMITED (REGISTERED NUMBER: 01254572)

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


1. STATUTORY INFORMATION

Williams Arms (Devon) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01254572

Registered office: Grenville House
9 Boutport Street
Barnstaple
Devon
EX31 1TZ

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.

Turnover
Turnover represents net sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 28 ) .

WILLIAMS ARMS (DEVON) LIMITED (REGISTERED NUMBER: 01254572)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 February 2023 600,000 479,414 1,079,414
Additions - 3,974 3,974
At 31 January 2024 600,000 483,388 1,083,388
DEPRECIATION
At 1 February 2023 - 420,287 420,287
Charge for year - 8,012 8,012
At 31 January 2024 - 428,299 428,299
NET BOOK VALUE
At 31 January 2024 600,000 55,089 655,089
At 31 January 2023 600,000 59,127 659,127

Depreciation has not been provided on freehold property as the Directors maintain the Public House in such a condition that any depreciation would be immaterial.

Freehold land and buildings were revalued in 2000 by the directors at a conservative open market value of £600,000.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 191,803
NET BOOK VALUE
At 31 January 2024 191,803
At 31 January 2023 191,803

WILLIAMS ARMS (DEVON) LIMITED (REGISTERED NUMBER: 01254572)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 22,450 23,410
Prepayments and accrued income 3,008 2,231
25,458 25,641

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
CBILS Loans - 36,364
Trade creditors 55,628 58,608
Corporation tax 75,338 44,936
Social security and other taxes 6,057 6,692
VAT 67,511 56,648
Other creditors 19,839 14,498
224,373 217,746

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
CBILS Loan 81,818 81,818

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
30,000 Ordinary A, B, C, D and E £1 30,000 30,000

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2023 646,291 346,951 993,242
Profit for the year 234,470 234,470
Dividends (85,220 ) (85,220 )
At 31 January 2024 795,541 346,951 1,142,492