Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-30falsetruefalse2023-05-01agents specialised in the sales of other particular products33falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11617543 2023-05-01 2024-04-30 11617543 2021-11-01 2023-04-30 11617543 2024-04-30 11617543 2023-04-30 11617543 c:Director1 2023-05-01 2024-04-30 11617543 d:Buildings 2023-05-01 2024-04-30 11617543 d:FurnitureFittings 2023-05-01 2024-04-30 11617543 d:FurnitureFittings 2024-04-30 11617543 d:FurnitureFittings 2023-04-30 11617543 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11617543 d:FreeholdInvestmentProperty 2024-04-30 11617543 d:FreeholdInvestmentProperty 2023-04-30 11617543 d:CurrentFinancialInstruments 2024-04-30 11617543 d:CurrentFinancialInstruments 2023-04-30 11617543 d:Non-currentFinancialInstruments 2024-04-30 11617543 d:Non-currentFinancialInstruments 2023-04-30 11617543 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11617543 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11617543 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 11617543 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 11617543 d:ShareCapital 2024-04-30 11617543 d:ShareCapital 2023-04-30 11617543 d:RetainedEarningsAccumulatedLosses 2024-04-30 11617543 d:RetainedEarningsAccumulatedLosses 2023-04-30 11617543 c:FRS102 2023-05-01 2024-04-30 11617543 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11617543 c:FullAccounts 2023-05-01 2024-04-30 11617543 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11617543 2 2023-05-01 2024-04-30 11617543 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 11617543









WILLIAMS PROPERTY SALES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2024

 
WILLIAMS PROPERTY SALES LIMITED
REGISTERED NUMBER: 11617543

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
14,681
18,094

Investment property
 5 
825,000
825,000

  
839,681
843,094

Current assets
  

Debtors: amounts falling due within one year
 6 
191,640
812,196

Cash at bank and in hand
 7 
874
37,577

  
192,514
849,773

Creditors: amounts falling due within one year
 8 
(1,139,324)
(1,385,155)

Net current liabilities
  
 
 
(946,810)
 
 
(535,382)

Total assets less current liabilities
  
(107,129)
307,712

Creditors: amounts falling due after more than one year
  
(265,075)
(306,130)

  

Net (liabilities)/assets
  
(372,204)
1,582


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(372,205)
1,581

  
(372,204)
1,582


Page 1

 
WILLIAMS PROPERTY SALES LIMITED
REGISTERED NUMBER: 11617543
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 July 2025.




Thomas Williams
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
WILLIAMS PROPERTY SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

Williams Property Sales Limited is a private company limited by shares incorporated in England and
Wales. The registered office is The Boatyard, 44 Summer Road, Thames Ditton, Surrey, England, KT7 0QQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

The Company's functional and presentational currency is GBP.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
WILLIAMS PROPERTY SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, depreciation is provided on the following basis:


Freehold property
-
2%
Straight Line
Fixtures and fittings
-
25%
Reducing Balance

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
WILLIAMS PROPERTY SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 3 (2023 - 3).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 May 2023
41,380


Additions
1,333



At 30 April 2024

42,713



Depreciation


At 1 May 2023
23,286


Charge for the period on owned assets
4,746



At 30 April 2024

28,032



Net book value



At 30 April 2024
14,681



At 30 April 2023
18,094

Page 5

 
WILLIAMS PROPERTY SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
825,000



At 30 April 2024
825,000



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
825,000
825,000

Accumulated depreciation and impairments
(59,125)
(42,625)

765,875
782,375

Investment properties have been valued by the Directors using recent third-party valuations,
combined with data from sales of similar properties. The property valuations use expected rental
income, combined with recent sales of properties in the same or similar buildings.


6.


Debtors

2024
2023
£
£


Trade debtors
11,066
18,000

Amounts owed by group undertakings
8,971
-

Other debtors
171,603
794,196

191,640
812,196



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
874
37,577

874
37,577


Page 6

 
WILLIAMS PROPERTY SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
63,402
3,275

Amounts owed to group undertakings
944,871
1,178,943

Corporation tax
44,482
159,719

Other taxation and social security
40,848
3,000

Other creditors
37,721
37,218

Accruals and deferred income
8,000
3,000

1,139,324
1,385,155



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
265,075
306,130

265,075
306,130



10.


Related party transactions

At the reporting date the following amounts were outstanding:
£780,383 (2023: £1,063,3637) was owed to Williams Property Partners Ltd a connected company.
£78,650 (2023: £nil) was owed to Five Star Alliance Ltd a connected company.
£85,898 (2023: £115,580) was owed to Memi Group Ltd a connected company.
£130,116 (2023: £634,477) was owed from a director of the company. Interest has been charged at 2.25% on this loan which is unsecured and repayable on demand.
 

 
Page 7