Company No: 00456741 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	B A Sanders
	Mrs J V Sanders

SECRETARY

Mrs J V Sanders

REGISTERED OFFICE	16 Blandford Avenue
	Oxford
	OX2 8DY
	United Kingdom

COMPANY NUMBER

00456741 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	264 Banbury Road
	Oxford
	OX2 7DY
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	671		790
Investment property	5	1,615,927		1,555,812
		1,616,598		1,556,602
Creditors: amounts falling due within one year	6	( 123,817)		( 157,682)
Net current liabilities		(123,817)		(157,682)
Total assets less current liabilities		1,492,781		1,398,920
Provision for liabilities		( 285,709)		( 270,710)
Net assets		1,207,072		1,128,210
Capital and reserves
Called-up share capital		5,000		5,000
Revaluation reserve	8	1,050,387		1,005,301
Other reserves		1,259		1,259
Profit and loss account		150,426		116,650
Total shareholders' funds		1,207,072		1,128,210

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Williams Bros (Witney) Limited (registered number: 00456741) were approved and authorised for issue by the Board of Directors on 22 September 2025. They were signed on its behalf by:

B A Sanders Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Williams Bros (Witney) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 16 Blandford Avenue, Oxford, OX2 8DY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

The company's turnover consists of rents receivable from the letting of residential properties.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

15 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

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 the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2024	7,628		7,628
At 31 March 2025	7,628		7,628
Accumulated depreciation
At 01 April 2024	6,838		6,838
Charge for the financial year	119		119
At 31 March 2025	6,957		6,957
Net book value
At 31 March 2025	671		671
At 31 March 2024	790		790

5. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	1,555,812
Fair value movement	60,115
As at 31 March 2025	1,615,927

Valuation

The investment properties held by the company have been re-valued by the directors during the year to an amount deemed to be fair value.

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	4,320		4,080
Corporation tax	8,164		4,248
Other creditors	111,333		149,354
	123,817		157,682

7. Related party transactions

At the year end, the company owed the directors £111,333 (2024: £149,354). This loan is interest free with no set date of repayment, other than repayable on demand.

8. Revaluation reserve

	2025		2024
	£		£
At beginning of year	1,005,301		993,330
Revaluation surplus arising in the year	60,115		15,961
Deferred tax on revaluation of tangible assets	(15,029)		(3,990)
	1,050,387		1,005,301