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REGISTERED NUMBER: 09533438 (England and Wales)






















William's Den Limited

Unaudited Financial Statements for the Year Ended 31st December 2024






William's Den Limited (Registered number: 09533438)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


William's Den Limited

Company Information
for the year ended 31st December 2024







DIRECTORS: C H J Carver
Mrs V M Carver





REGISTERED OFFICE: Castle Farm
Wold Hill
North Cave
Brough
East Yorkshire
HU15 2LS





REGISTERED NUMBER: 09533438 (England and Wales)





ACCOUNTANTS: Smailes Goldie Limited
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

William's Den Limited (Registered number: 09533438)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,045 10,239
Tangible assets 5 3,568,614 3,729,427
3,579,659 3,739,666

CURRENT ASSETS
Stocks 21,695 25,116
Debtors 6 286,560 275,242
Cash at bank and in hand 22,034 12,218
330,289 312,576
CREDITORS
Amounts falling due within one year 7 582,596 490,407
NET CURRENT LIABILITIES (252,307 ) (177,831 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,327,352

3,561,835

CREDITORS
Amounts falling due after more than one
year

8

1,831,345

1,912,129
NET ASSETS 1,496,007 1,649,706

CAPITAL AND RESERVES
Called up share capital 2,958,365 2,958,365
Share premium 57,500 57,500
Retained earnings (1,519,858 ) (1,366,159 )
SHAREHOLDERS' FUNDS 1,496,007 1,649,706

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

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

William's Den Limited (Registered number: 09533438)

Balance Sheet - continued
31st 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th July 2025 and were signed on its behalf by:





C H J Carver - Director


William's Den Limited (Registered number: 09533438)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

William's Den 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
The financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard Applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the rendering of services is recognised when the service is complete, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer (usually on dispatch of the goods), the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible assets
Brands and licences are initially measured at cost and will be amortised in equal annual instalments over 10 years based on the directors' estimate of their useful economic life. They are tested for impairment whenever events give rise to concerns over their carrying value and are assessed by comparing the carrying value of the assets to the higher of net realisable value and value in use.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date.

Depreciation
Depreciation of fixed assets is charged by annual instalments commencing with the year of acquisition at rates estimated to write off their cost less any residual value over the expected useful lives.

The annual rates used are as follows:

Long leasehold2% on cost
Plant and machinery10% - 20% on cost
Fixtures & fittings10% - 20% on cost
Motor Vehicles25% on cost
Computer equipment33% on cost

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

William's Den Limited (Registered number: 09533438)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

2. ACCOUNTING POLICIES - continued

Current & deferred tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current and past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an out flow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2023 - 38 ) .

William's Den Limited (Registered number: 09533438)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2024 26,002
Additions 3,750
At 31st December 2024 29,752
AMORTISATION
At 1st January 2024 15,763
Charge for year 2,944
At 31st December 2024 18,707
NET BOOK VALUE
At 31st December 2024 11,045
At 31st December 2023 10,239

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Buildings machinery fittings
£    £    £   
COST
At 1st January 2024 3,513,322 1,428,681 215,517
Additions - 18,083 36,633
At 31st December 2024 3,513,322 1,446,764 252,150
DEPRECIATION
At 1st January 2024 390,251 888,444 169,429
Charge for year 70,266 121,124 17,263
At 31st December 2024 460,517 1,009,568 186,692
NET BOOK VALUE
At 31st December 2024 3,052,805 437,196 65,458
At 31st December 2023 3,123,071 540,237 46,088

William's Den Limited (Registered number: 09533438)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2024 34,750 57,064 5,249,334
Additions - 4,401 59,117
At 31st December 2024 34,750 61,465 5,308,451
DEPRECIATION
At 1st January 2024 18,270 53,513 1,519,907
Charge for year 8,688 2,589 219,930
At 31st December 2024 26,958 56,102 1,739,837
NET BOOK VALUE
At 31st December 2024 7,792 5,363 3,568,614
At 31st December 2023 16,480 3,551 3,729,427

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,399 6,219
Other debtors 283,161 269,023
286,560 275,242

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 134,008 87,177
Hire purchase contracts (see note 10) 16,223 14,711
Trade creditors 78,529 77,097
Taxation and social security 44,869 23,158
Other creditors 308,967 288,264
582,596 490,407

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 1,604,404 1,670,844
Hire purchase contracts (see note 10) 9,681 25,903
Other creditors 217,260 215,382
1,831,345 1,912,129

William's Den Limited (Registered number: 09533438)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,317,737 1,374,518

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 68,552 21,098
Bank loans 65,456 66,079
134,008 87,177

Amounts falling due between one and two years:
Bank loans - 1-2 years 68,814 69,236

Amounts falling due between two and five years:
Bank loans - 2-5 years 217,853 227,090

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,317,737 1,374,518

A bank loan with the facility of £4,500,000 was taken out on 15 August 2016. This loan matured and was fully refinanced on 21 September 2018, the loan was refinanced again on 30 July 2019, 24 January 2020 and 21 April 2022. The balance repayable as at 31 December 2024 is £1,637,706 (31 December 2023 £1,696,381). £912,830 of the balance is on a fixed interest basis repayable over 10 years at an interest rate of 4.52%. The remaining £724,876 is on a floating rate basis repayable over 10 years at an interest rate of 2.5% above base rate. The loan is secured by a fixed and floating charge over all the company's assets and as indicated in note 11. A bank loan was taken out on 27 October 2023 on a fixed interest basis repayable over 5 years at an interest rate of 4.5%. The balance repayable at 31 December 2024 is £32,154 (31 December 2023 £40,542).

William's Den Limited (Registered number: 09533438)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 16,223 14,711
Between one and five years 9,681 25,903
25,904 40,614

Non-cancellable
operating leases
2024 2023
£    £   
In more than five years 437,500 437,500

11. RELATED PARTY DISCLOSURES

Key management personnel of the entity

2024 2023
£ £
Amounts due to related parties 268,745 268,836

In addition, a director has given security in the form of a limited personal guarantee and a charge over personally owned land.

Other related parties

2024 2023
£ £
Amounts due to related parties 217,260 215,382