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REGISTERED NUMBER: 01254572 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

WILLIAMS ARMS (DEVON) LIMITED

WILLIAMS ARMS (DEVON) LIMITED (REGISTERED NUMBER: 01254572)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


WILLIAMS ARMS (DEVON) LIMITED (REGISTERED NUMBER: 01254572)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 651,575 655,089
Investments 5 191,803 191,803
843,378 846,892

CURRENT ASSETS
Stocks 27,222 21,259
Debtors 6 30,995 25,458
Cash at bank and in hand 688,227 585,074
746,444 631,791
CREDITORS
Amounts falling due within one year 7 244,107 224,373
NET CURRENT ASSETS 502,337 407,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,345,715

1,254,310

CREDITORS
Amounts falling due after more than one
year

8

-

81,818
NET ASSETS 1,345,715 1,172,492

CAPITAL AND RESERVES
Called up share capital 9 30,000 30,000
Revaluation reserve 10 346,951 346,951
Retained earnings 10 968,764 795,541
SHAREHOLDERS' FUNDS 1,345,715 1,172,492

WILLIAMS ARMS (DEVON) LIMITED (REGISTERED NUMBER: 01254572)

BALANCE SHEET - continued
31 JANUARY 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:





Mr J B Squire - Director


WILLIAMS ARMS (DEVON) LIMITED (REGISTERED NUMBER: 01254572)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Williams Arms (Devon) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01254572

Registered office: Grenville House
9 Boutport Street
Barnstaple
Devon
EX31 1TZ

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 net sales of goods and services, excluding 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.
Fixtures and equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 32 ) .

WILLIAMS ARMS (DEVON) LIMITED (REGISTERED NUMBER: 01254572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 February 2024 600,000 483,388 1,083,388
Additions - 3,900 3,900
At 31 January 2025 600,000 487,288 1,087,288
DEPRECIATION
At 1 February 2024 - 428,299 428,299
Charge for year - 7,414 7,414
At 31 January 2025 - 435,713 435,713
NET BOOK VALUE
At 31 January 2025 600,000 51,575 651,575
At 31 January 2024 600,000 55,089 655,089

Depreciation has not been provided on freehold property as the Directors maintain the Public House in such a condition that any depreciation would be immaterial.

Freehold land and buildings were revalued in 2000 by the directors at a conservative open market value of £600,000.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2024
and 31 January 2025 191,803
NET BOOK VALUE
At 31 January 2025 191,803
At 31 January 2024 191,803

WILLIAMS ARMS (DEVON) LIMITED (REGISTERED NUMBER: 01254572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 26,160 22,450
Prepayments and accrued income 4,835 3,008
30,995 25,458

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 63,258 55,628
Corporation tax 82,495 75,338
Social security and other taxes 8,209 6,057
VAT 69,232 67,511
Other creditors 20,913 19,839
244,107 224,373

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
CBILS Loan - 81,818

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
30,000 Ordinary A, B, C, D and E £1 30,000 30,000

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2024 795,541 346,951 1,142,492
Profit for the year 244,240 244,240
Dividends (71,017 ) (71,017 )
At 31 January 2025 968,764 346,951 1,315,715