2 2 Williams Properties (Brecon) Limited 04395975 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is letting of own property. Digita Accounts Production Advanced 6.30.9574.0 true 04395975 2024-04-01 2025-03-31 04395975 2025-03-31 04395975 core:CurrentFinancialInstruments 2025-03-31 04395975 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04395975 core:LandBuildings 2025-03-31 04395975 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 04395975 core:PlantMachinery 2025-03-31 04395975 bus:SmallEntities 2024-04-01 2025-03-31 04395975 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04395975 bus:FullAccounts 2024-04-01 2025-03-31 04395975 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04395975 bus:RegisteredOffice 2024-04-01 2025-03-31 04395975 bus:CompanySecretaryDirector2 2024-04-01 2025-03-31 04395975 bus:Director2 2024-04-01 2025-03-31 04395975 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04395975 bus:Agent1 2024-04-01 2025-03-31 04395975 core:LandBuildings 2024-04-01 2025-03-31 04395975 core:PlantMachinery 2024-04-01 2025-03-31 04395975 countries:EnglandWales 2024-04-01 2025-03-31 04395975 2024-03-31 04395975 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 04395975 core:PlantMachinery 2024-03-31 04395975 2023-04-01 2024-03-31 04395975 2024-03-31 04395975 core:CurrentFinancialInstruments 2024-03-31 04395975 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04395975 core:LandBuildings 2024-03-31 04395975 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 04395975 core:PlantMachinery 2024-03-31 xbrli:pure iso4217:GBP

Registration number: 04395975

Williams Properties (Brecon) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Williams Properties (Brecon) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Williams Properties (Brecon) Limited

Company Information

Directors

Mr W A Williams

Mrs V E A Williams

Company secretary

Mr W A Williams

Registered office

4 Camden Crescent
Brecon
Powys
LD3 7BY

Bankers

Santander UK plc
PO Box 382
Prescot Street
London

Accountants

W J James & Co
Chartered AccountantsBishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

Williams Properties (Brecon) Limited

(Registration number: 04395975)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

300,000

300,000

Current assets

 

Debtors

6

403

398

Cash at bank and in hand

 

10,321

10,242

 

10,724

10,640

Creditors: Amounts falling due within one year

7

(55,845)

(64,718)

Net current liabilities

 

(45,121)

(54,078)

Net assets

 

254,879

245,922

Capital and reserves

 

Called up share capital

100

100

Fair value reserve

5,700

5,700

Retained earnings

249,079

240,122

Shareholders' funds

 

254,879

245,922

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 April 2025 and signed on its behalf by:
 

.........................................
Mr W A Williams
Company secretary and director

.........................................
Mrs V E A Williams
Director

 

Williams Properties (Brecon) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Camden Crescent
Brecon
Powys
LD3 7BY

These financial statements were authorised for issue by the Board on 14 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of rents charged for the company's properties.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

Williams Properties (Brecon) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% on cost

Investment property

Investment properties are carried at fair value. Gains or losses are recognised in the income statement, and deferred taxation is provided on any such gains at the rate expected to be applied when the properties are sold.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Williams Properties (Brecon) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

-

333

5

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2024

300,000

1,667

301,667

At 31 March 2025

300,000

1,667

301,667

Depreciation

At 1 April 2024

-

1,667

1,667

At 31 March 2025

-

1,667

1,667

Carrying amount

At 31 March 2025

300,000

-

300,000

At 31 March 2024

300,000

-

300,000

Included within the net book value of land and buildings above is £300,000 (2024 - £300,000) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's investment properties was revalued on 31 March 2025. An independent valuer was not involved.

The investment properties were revalued by the directors using an open market valuation
.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £294,300 (2024 - £294,300).

6

Debtors

Current

2025
£

2024
£

Prepayments

403

398

 

403

398

 

Williams Properties (Brecon) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

2,938

2,234

Accruals and deferred income

1,667

1,991

Other creditors

51,240

60,493

55,845

64,718