Williamson Investments Ltd 11219784 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is buying an selling of own real estate and letting and operating of own real estate. Digita Accounts Production Advanced 6.30.9574.0 true 11219784 2024-04-01 2025-03-31 11219784 2025-03-31 11219784 core:FurtherSpecificItem1DeferredTaxComponentTotalForDeferredTax 2025-03-31 11219784 core:TaxLossesCarry-forwardsDeferredTax 2025-03-31 11219784 core:CurrentFinancialInstruments 2025-03-31 11219784 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 11219784 bus:SmallEntities 2024-04-01 2025-03-31 11219784 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11219784 bus:FilletedAccounts 2024-04-01 2025-03-31 11219784 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11219784 bus:RegisteredOffice 2024-04-01 2025-03-31 11219784 bus:Director1 2024-04-01 2025-03-31 11219784 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11219784 countries:EnglandWales 2024-04-01 2025-03-31 11219784 2023-04-01 2024-03-31 11219784 2024-03-31 11219784 core:FurtherSpecificItem1DeferredTaxComponentTotalForDeferredTax 2024-03-31 11219784 core:CurrentFinancialInstruments 2024-03-31 11219784 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 11219784

Prepared for the registrar

Williamson Investments Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Williamson Investments Ltd

(Registration number: 11219784)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Investments

4

731,581

606,581

Current assets

 

Debtors

5

571

564

Cash at bank and in hand

 

348,379

135,148

 

348,950

135,712

Creditors: Amounts falling due within one year

6

(1,065,080)

(733,051)

Net current liabilities

 

(716,130)

(597,339)

Total assets less current liabilities

 

15,451

9,242

Deferred tax liabilities

8

(6,695)

(7,387)

Net assets

 

8,756

1,855

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

22,159

22,159

Profit and loss account

(13,503)

(20,404)

Shareholders' funds

 

8,756

1,855

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 29 April 2025 and signed on its behalf by:
 


A S Williamson
Director

 

Williamson Investments Ltd

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:
Hazlewoods LLP
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

 

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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

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 and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current 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.

Deferred corporation tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred corporation tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

Williamson Investments Ltd

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

Investments

Investments in Whisky, are initially recorded at cost, and subsequently measured at fair value where the fair value can be measured reliably, with changes in fair value recognised in profit and loss. If the fair value cannot be reliably measured, the investment is measured at cost less impairment.

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 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 all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.


Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

 

Williamson Investments Ltd

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

 

3

Staff numbers

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

 

4

Investments held as fixed assets

Investments
£

Net book value

At 1 April 2024

606,581

Additions

125,000

At 31 March 2025

731,581

The investment in unlisted shares have a historical cost of £125,000. On 31 March 2025, the directors deemed the market value of the shares to not be significantly different from their cost.

The investments in Whisky have a historical cost of £577,035 (2024 - £577,035). On 31 March 2025, the Whisky was valued by the directors on an open market basis.
 

 

5

Debtors

2025
£

2024
£

Prepayments

354

347

Other debtors

217

217

571

564

 

6

Creditors

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

1,062,798

730,444

Trade creditors

 

-

391

Accruals and deferred income

 

2,282

2,216

 

1,065,080

733,051

 

7

Loans and borrowings

Note

2025
£

2024
£

Current loans and borrowings

Other borrowings

9

1,062,798

730,444

 

Williamson Investments Ltd

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

 

8

Deferred tax

Deferred tax assets and liabilities

2025

Liability
£

Losses and other deductions

(692)

Capital gains/(losses)

7,387

6,695

2024

Liability
£

Capital gains/(losses)

7,387

7,387

 

9

Related party transactions

Summary of transactions with other related parties

At 31 March 2025 the company owed £1,062,798 (2024: £730,444) to its directors in the form of a directors' loan account. No interest was charged on this balance and there are no fixed repayment terms.

During the year the company invested £125,000 in Empower Aid Technologies Ltd, a company owned by a close family member of the director.