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REGISTERED NUMBER: 00578514 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2024

for

WILLIAMS AND BROOKE LIMITED

WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 5


WILLIAMS AND BROOKE LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: N R Evans
N D Evans



SECRETARY: Dr S A Evans



REGISTERED OFFICE: 'Horizons'
Rest Bay Close
Porthcawl
Mid.Glamorgan
CF36 3UN



REGISTERED NUMBER: 00578514 (England and Wales)



ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT



BANKERS: HSBC
Portland Street
Swansea
SA1 3DF

WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514)

Balance Sheet
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 21,418 21,669
Investments 5 10,009 10,009
31,427 31,678

CURRENT ASSETS
Stocks 6 1,234,505 1,176,103
Debtors 7 219,458 218,533
Cash at bank 24,137 73,599
1,478,100 1,468,235
CREDITORS
Amounts falling due within one year 8 (305,073 ) (464,223 )
NET CURRENT ASSETS 1,173,027 1,004,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,204,454

1,035,690

CREDITORS
Amounts falling due after more than
one year

9

(727,908

)

(580,067

)

PROVISIONS FOR LIABILITIES (887 ) (887 )
NET ASSETS 475,659 454,736

WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514)

Balance Sheet - continued
31 JANUARY 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 472,659 451,736
SHAREHOLDERS' FUNDS 475,659 454,736

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 Income Statement has not been delivered.

WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514)

Balance Sheet - continued
31 JANUARY 2024



The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





N R Evans - Director


WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Williams and Brooke 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.

Tangible fixed assets
Fixed assets are depreciated at the following rates to write off their cost to estimated residual values of each asset over its expected useful life as follows:

Fixtures & fittings-15% reducing balance basis
Motor vehicles-25% reducing balance basis

Stocks and work in progress
Stocks and work in progress of freehold and leasehold sites have been valued at the lower of cost and net realisable value by the directors, including legal and valuation fees.

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.

WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

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.

Revaluation of properties
Freehold property is carried at its open market value. A full valuation is to be undertaken every five years by a firm of independent valuers with an interim valuation in year three.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 20,000 16,765 36,765
DEPRECIATION
At 1 February 2023 - 15,096 15,096
Charge for year - 251 251
At 31 January 2024 - 15,347 15,347
NET BOOK VALUE
At 31 January 2024 20,000 1,418 21,418
At 31 January 2023 20,000 1,669 21,669

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 10,009
NET BOOK VALUE
At 31 January 2024 10,009
At 31 January 2023 10,009

WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. STOCKS
2024 2023
£    £   
Stocks 81,093 22,691
Work-in-progress 1,153,412 1,153,412
1,234,505 1,176,103

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from related companies 216,126 215,342
Prepayments 3,332 3,191
219,458 218,533

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,776 13,566
Trade creditors - (1 )
Tax 14,939 8,543
Social security and other taxes - 1,160
Due to related companies 50,652 51,013
Directors' current accounts 10,462 186,603
Accruals and deferred income 4,998 4,998
Accrued expenses 198,246 198,341
305,073 464,223

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 25,404 14,222
Bank loans - 2-5 years 73,762 46,924
Bank loans more 5 yr by instal 628,742 518,921
727,908 580,067

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 628,742 518,921

WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 753,684 593,633

The bank loans and overdraft are secured by way of charges over the stock and work in progress of the company. All facilities are reviewed every 5 years.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 January 2024 the company owed the directors £10,462 (2023 - £186,603).

Loan interest charged on Mr & Mrs N.R. Evans account was £2,600.

12. RELATED PARTY DISCLOSURES

Mr N R Evans is a director and shareholder of Tiffany Properties Limited, NRE Project Management Tenby Limited and NRE 55 (Tenby) Limited.

As at 31 January 2024 the company owed £50,652 to Tiffany Properties Limited, (2023 - £51,013).

R & S Project Management Porthcawl Limited and R & S Project Management Tenby Limited are connected to Williams & Brooke Limited as Mr N.R. Evans and Mr N.D. Evans are directors in both companies. As at 31 January 2024 Williams & Brooke Limited was owed £3,858 (2023 - £3,497) from R & S Project Management Tenby Limited and £86,076 (2023 - £85,715) from R & S Project Management Porthcawl Limited.

Williams & Brooke Limited is owed £124,996 (2023 - £124,935) from NRE 55 (Tenby) Limited and is owed £1,196 (2023 - £835) from NRE Project Management Tenby Limited.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N R Evans. He owns just over 50% of the issued share capital of the company.