Registered number
10695012
William John Holdings Limited
Filleted Accounts
31 July 2024
William John Holdings Limited
Registered number: 10695012
Balance Sheet
as at 31 July 2024
Notes 31 July 2024 31 July 2023
£ £
Fixed assets
Tangible assets 3 802 2
Investments 4 1,158,384 278,643
1,159,186 278,645
Current assets
Debtors 5 1,170,822 2,050,968
Cash at bank and in hand 55,648 141
1,226,470 2,051,109
Creditors: amounts falling due within one year 6 (1,765,747) (1,583,125)
Net current (liabilities)/assets (539,277) 467,984
Net assets 619,909 746,629
Capital and reserves
Called up share capital 20 20
Revaluation reserve 7 - 121,000
Profit and loss account 619,889 625,609
Shareholder's funds 619,909 746,629
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T W Inch
Director
Approved by the board on 13 February 2025
William John Holdings Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The financial statements are prepared on the basis that the fundamental concept of going concern is applied. The principal factors in this consideration are the continued support of the company's creditors and the achievement of projected income streams. The director considered that the going concern concept continues to be appropriate and this has therefore been applied. If the going concern basis proves not to be appropriate, adjustments would have to be made to reduce the balance sheet value of assets to their recoverable amount and to provide for any further liabilities that might arise.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 3 years
Fixtures, fittings, tools and equipment over 3 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 579
Additions 1,199
At 31 July 2024 1,778
Depreciation
At 1 August 2023 577
Charge for the year 399
At 31 July 2024 976
Net book value
At 31 July 2024 802
At 31 July 2023 2
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 August 2023 152,643 126,000 278,643
Additions - 1,000,741 1,000,741
Revaluation - (121,000) (121,000)
At 31 July 2024 152,643 1,005,741 1,158,384
Historical cost
At 1 August 2023 - 5,000
At 31 July 2024 - 1,005,741
Shares held as a long-term investment are valued at their cost price. They were previously valued at their quoted price on Nasdaq First North Growth Market. The company was delisted from that exchange in November 2023
The company holds 20% or more of the share capital of the following companies:
Capital and Profit (loss)
Company Shares held reserves for the year
Class % £ £
William John (HV) plc Ordinary 100 5,511,200 5,197,877
William John (LV) Limited Ordinary 100 1 -
5 Debtors 2024 2023
£ £
Other debtors 1,170,822 2,050,968
6 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,603,373 1,419,151
Taxation and social security costs 149,974 149,974
Other creditors 12,400 14,000
1,765,747 1,583,125
7 Revaluation reserve 2024 2023
£ £
At 1 August 2023 121,000 121,000
Loss on revaluation of investments (121,000) -
At 31 July 2024 - 121,000
8 Other information
William John Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
London
WC2H 9JQ
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