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REGISTERED NUMBER: NI062473 (Northern Ireland)















WILLIAM ST. LTD

Unaudited Financial Statements for the Year Ended 30 April 2024






WILLIAM ST. LTD (REGISTERED NUMBER: NI062473)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WILLIAM ST. LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Alastair Hayes





REGISTERED OFFICE: 146 Pomeroy Raod
Dungannon
Co. Tyrone
BT70 2TY





REGISTERED NUMBER: NI062473 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

WILLIAM ST. LTD (REGISTERED NUMBER: NI062473)

Statement of Financial Position
30 APRIL 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 5 - -
Investment property 6 600,000 600,000
600,000 600,000

CURRENT ASSETS
Debtors: amounts falling due after
more than one year

7

780

819
Cash at bank 46,510 174,912
47,290 175,731
PAYABLES
Amounts falling due within one year 8 (461,827 ) (627,737 )
NET CURRENT LIABILITIES (414,537 ) (452,006 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,463

147,994

PROVISIONS FOR LIABILITIES (37,500 ) (37,500 )
NET ASSETS 147,963 110,494

CAPITAL AND RESERVES
Called up share capital 1 1
Other reserves 150,000 150,000
Retained earnings (2,038 ) (39,507 )
147,963 110,494

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

WILLIAM ST. LTD (REGISTERED NUMBER: NI062473)

Statement of Financial Position - continued
30 APRIL 2024


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 November 2024 and were signed by:





Alastair Hayes - Director


WILLIAM ST. LTD (REGISTERED NUMBER: NI062473)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

William St. Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparation
The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% straight line

Investment property
Investment properties were subject to valuation by the company directors. As at 30th April 2020 the directors revalued Investment Properties to the market value of £600,000.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Exceptional items
Exceptional items are disclosed separately in the financial statements where it is necessary to do so to provide further understanding of the financial performance of the company. They are items
that are material either because of their size or their nature or that are nonrecurring. They are considered as exceptional items and are presented within the line items to which they best relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

WILLIAM ST. LTD (REGISTERED NUMBER: NI062473)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£
COST
At 1 May 2023
and 30 April 2024 4,850
DEPRECIATION
At 1 May 2023
and 30 April 2024 4,850
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 May 2023
and 30 April 2024 600,000
NET BOOK VALUE
At 30 April 2024 600,000
At 30 April 2023 600,000

Fair value at 30 April 2024 is represented by:
£
Valuation in 2020 450,000
Valuation in 2021 150,000
600,000

7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Trade debtors 780 819

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade payables - 895
Amounts owed to group undertakings 446,216 624,056
Taxation and social security 12,629 -
Other payables 2,982 2,786
461,827 627,737

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.