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REGISTERED NUMBER: 00113758 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WEBB & SON (COMBS) LIMITED

WEBB & SON (COMBS) LIMITED (REGISTERED NUMBER: 00113758)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEBB & SON (COMBS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J G W Portway
Mrs F M Portway
M J Sargeantson





SECRETARY: Mrs F M Portway





REGISTERED OFFICE: Combs Tannery
Stowmarket
IP14 2EN





REGISTERED NUMBER: 00113758 (England and Wales)





ACCOUNTANTS: Walter Wright
Chartered Accountants
89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA

WEBB & SON (COMBS) LIMITED (REGISTERED NUMBER: 00113758)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 52,931 67,777
Investments 5 5,002 5,002
Investment property 6 3,045,931 2,866,801
3,103,864 2,939,580

CURRENT ASSETS
Debtors 7 349,099 363,310
Cash at bank and in hand 516,226 515,192
865,325 878,502
CREDITORS
Amounts falling due within one year 8 129,169 115,693
NET CURRENT ASSETS 736,156 762,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,840,020

3,702,389

CREDITORS
Amounts falling due after more than one
year

9

(68,221

)

(101,217

)

PROVISIONS FOR LIABILITIES (10,486 ) (8,706 )
NET ASSETS 3,761,313 3,592,466

CAPITAL AND RESERVES
Called up share capital 11 97,200 97,200
Revaluation reserve 12 2,026,020 1,846,890
Capital redemption reserve 2,800 2,800
Retained earnings 1,635,293 1,645,576
SHAREHOLDERS' FUNDS 3,761,313 3,592,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

WEBB & SON (COMBS) LIMITED (REGISTERED NUMBER: 00113758)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by:





J G W Portway - Director


WEBB & SON (COMBS) LIMITED (REGISTERED NUMBER: 00113758)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Webb & Son (Combs) Limited 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 represents rental income, which is recognised in the period to which it relaters and excludes value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and at varying rates on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

WEBB & SON (COMBS) LIMITED (REGISTERED NUMBER: 00113758)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 167,725
DEPRECIATION
At 1 January 2024 99,948
Charge for year 14,846
At 31 December 2024 114,794
NET BOOK VALUE
At 31 December 2024 52,931
At 31 December 2023 67,777

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 2 5,000 5,002
NET BOOK VALUE
At 31 December 2024 2 5,000 5,002
At 31 December 2023 2 5,000 5,002

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 2,866,801
Revaluations 179,130
At 31 December 2024 3,045,931
NET BOOK VALUE
At 31 December 2024 3,045,931
At 31 December 2023 2,866,801

WEBB & SON (COMBS) LIMITED (REGISTERED NUMBER: 00113758)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. INVESTMENT PROPERTY - continued

Investment property comprises industrial units at Tannery Industrial Estate, Stowmarket, Oaklands Park, Bury St Edmunds and Atex Business Park, Stowmarket. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 December 2024 by the directors.

On a historical cost basis these would have been included at an original cost of £1,007,224 (2023 - £1,007,224).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,353 3,374
Amounts owed by group undertakings 3,839 6,523
Other debtors 340,907 353,413
349,099 363,310

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,012 19,264
Hire purchase contracts 14,986 7,241
Trade creditors 2,562 2,925
Taxation and social security 27,014 15,802
Other creditors 77,595 70,461
129,169 115,693

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 58,521 76,531
Hire purchase contracts - 14,986
Other creditors 9,700 9,700
68,221 101,217

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 9,700 9,700

WEBB & SON (COMBS) LIMITED (REGISTERED NUMBER: 00113758)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 65,533 95,795
Hire purchase contracts 14,986 22,227
80,519 118,022

the loan is secured by a fixed and floating charge over the assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
97,200 Called up share capital £1 97,200 97,200

12. RESERVES
Revaluation
reserve
£   
At 1 January 2024 1,846,890
Revaluation in year 179,130

At 31 December 2024 2,026,020