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Registered number: 12381599










B.A. WILLIAMS (PROPERTIES) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
B.A. WILLIAMS (PROPERTIES) LIMITED
REGISTERED NUMBER: 12381599

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment properties
 4 
2,139,000
2,139,000

  
2,139,000
2,139,000

Current assets
  

Debtors: amounts falling due within one year
 5 
3,979
4,680

Cash at bank and in hand
  
76,516
71,417

  
80,495
76,097

Creditors: amounts falling due within one year
 6 
(7,252)
(14,375)

Net current assets
  
 
 
73,243
 
 
61,722

Total assets less current liabilities
  
2,212,243
2,200,722

  

Net assets
  
2,212,243
2,200,722


Capital and reserves
  

Called up share capital 
  
200
200

Share premium account
  
2,138,900
2,138,900

Profit and loss account
  
73,143
61,622

  
2,212,243
2,200,722


Page 1

 
B.A. WILLIAMS (PROPERTIES) LIMITED
REGISTERED NUMBER: 12381599
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr R T Savani
Director

Date: 8 October 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
B.A. WILLIAMS (PROPERTIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

B.A. Williams (Properties) Limited is a private company, limited by share capital, incorporated in England and Wales under registration number 12381599. The address of the registered office is Level 5A, Maple House,149 Tottenham Court Road, London, W1T 7NF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
B.A. WILLIAMS (PROPERTIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 3).

Page 4

 
B.A. WILLIAMS (PROPERTIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Fixed asset investments





Investment properties

£



Cost or valuation


At 1 February 2023
2,139,000



At 31 January 2024
2,139,000




In the opinion of the directors', the aggregate open market value of the properties is £2,139,000         (2023 - £2,139,000) the value shown in the accounts.


5.


Debtors

2024
2023
£
£


Trade debtors
1,215
-

Amount owed by associated company
1,365
2,179

Prepayments
1,399
2,501

3,979
4,680



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
32

Corporation tax
2,702
4,064

Other taxation and social security
209
419

Directors' loan account
4,341
9,860

7,252
14,375



7.


Controlling party

The company is a wholly-owned subsidiary of B.A. Williams (Properties) Holdings Limited, a company incorporated in England and Wales. 

Page 5