Williams Hedge And Co Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07438603 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

WILLIAMS HEDGE AND CO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M A Hedge

Mrs D J Hedge

Mrs M C Williams

Mr J E Williams

REGISTERED OFFICE:

Coombe House, 27 Coombeshead Road

Highweek

Newton Abbot

Devon

TQ12 1PY

REGISTERED NUMBER:

07438603 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

Barclays Bank Plc

6-8 Palace Avenue

Paignton

Devon

TQ3 3ET

FIXED ASSETS

Investment property

4

227,000

220,000

CURRENT ASSETS

Debtors

5

154,038

155,098

Investments

6

325,046

425,000

Cash at bank

17,387

78,435

496,471

658,533

CREDITORS

Amounts falling due within one year

7

2,356

4,858

NET CURRENT ASSETS

494,115

653,675

TOTAL ASSETS LESS CURRENT LIABILITIES

721,115

873,675

PROVISIONS FOR LIABILITIES

11,066

9,736

NET ASSETS

710,049

863,939

CAPITAL AND RESERVES

Called up share capital

100

Other reserves

47,177

41,507

Retained earnings

662,772

822,332

SHAREHOLDERS' FUNDS

710,049

863,939

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by:

Mr M A Hedge - Director

1.	STATUTORY INFORMATION

Williams Hedge And Co Ltd 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 as modified by the revaluation of certain assets.

Turnover

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2023

220,000

Revaluations

7,000

At 30 November 2024

227,000

NET BOOK VALUE

At 30 November 2024

227,000

At 30 November 2023

220,000

Fair value at 30 November 2024 is represented by:

£

Valuation in 2020

168,757

Valuation in 2021

69,816

Valuation in 2022

(45,000

)

Valuation in 2023

26,427

Valuation in 2024

7,000

227,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

154,038

155,098

6.	CURRENT ASSET INVESTMENTS

2024

2023

£

Listed investments

325,046

425,000

Market value of listed investments at 30 November 2024 - £ 325,046 (2023 - £ 396,334 ).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Tax

-

2,556

Directors' current accounts

1,066

Accrued expenses

1,290

1,236

2,356

4,858

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024

2023

£

Mr M A Hedge

Balance outstanding at start of year

(532

)

(14,892

)

Amounts advanced

35,200

40,660

Amounts repaid

(35,200

)

(26,300

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(532

)

(532

)

Mr J E Williams

Balance outstanding at start of year

(532

)

(14,892

)

Amounts advanced

36,200

39,660

Amounts repaid

(36,200

)

(25,300

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(532

)

(532

)

Mrs D J Hedge

Balance outstanding at start of year

-

Amounts advanced

39,400

40,900

Amounts repaid

(39,400

)

(40,900

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

Mrs M C Williams

Balance outstanding at start of year

-

Amounts advanced

34,400

44,400

Amounts repaid

(34,400

)

(44,400

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

9.	RELATED PARTY DISCLOSURES

Intercompany Loans. During the year the company loaned Kingskerswell Estate Agents Ltd £18,231 (2023 - £18,231) . Also Mark & Jon Ltd £135,807 (2023 £136,867.40). The loans are unsecured, interest free and repayable on demand.