Henry Williams & Son (Holdings) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06434557 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Henry Williams & Son (Holdings) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S R Williams

REGISTERED OFFICE:

3 Grove Road

Wrexham

LL11 1DY

REGISTERED NUMBER:

06434557 (England and Wales)

ACCOUNTANTS:

Guy Walmsley Limited

3 Grove Road

Wrexham

LL11 1DY

SOLICITORS:

Gittins McDonalds Solicitors

12 Grosvenor Road

Wrexham

LL11 1BU

FIXED ASSETS

Tangible assets

4

800,249

800,497

Investments

5

7,500

807,749

807,997

CURRENT ASSETS

Debtors

6

7,500

Cash at bank

4,416

2,797

11,916

10,297

CREDITORS

Amounts falling due within one year

7

101,090

242,838

NET CURRENT LIABILITIES

(89,174

)

(232,541

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

718,575

575,456

CREDITORS

Amounts falling due after more than one
year

8

338,647

187,726

NET ASSETS

379,928

387,730

CAPITAL AND RESERVES

Called up share capital

10

1,000

Retained earnings

378,928

386,730

SHAREHOLDERS' FUNDS

379,928

387,730

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2025 and were signed by:

S R Williams - Director

1.	STATUTORY INFORMATION

Henry Williams & Son (Holdings) 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.

The company's functional and presentation currency is Pound Sterling (£), rounded to the nearest pound.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Fixtures and fittings

-

20% on cost

No depreciation has been provided in respect of the company's freehold property on the grounds that the charge would be immaterial based on the estimated residual value at the year end date. The directors consider that this accounting policy which represents a departure from Companies Act 2006 is necessary for the financial statements to show a true and fair view.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

The Freehold Interest at Units 1 & 3 Park Road, Rhosymedre, Wrexham was valued by Legat Owen (independent qualified valuer) on 15th May 2023 at £800,000.

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

Valuation in 2023

800,000

-

800,000

Cost

-

3,390

800,000

3,390

803,390

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

7,500

NET BOOK VALUE

At 31 December 2024

7,500

At 31 December 2023

7,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

7,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Mortgage

9,000

Amounts owed to group undertakings

79,557

219,684

Tax

-

1,621

Social security and other taxes

1,250

Other creditors

333

Prepaid income

6,250

Accruals & deferred income

4,700

101,090

242,838

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Mortgage

2-5 years

36,000

Mortgage more than 5yrs instal

302,647

151,726

338,647

187,726

31.12.24

31.12.23

£

Amounts falling due in more than five years:

Repayable by instalments

Mortgage more than 5yrs instal

302,647

151,726

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Mortgage

347,647

196,726

The mortgage provider holds a legal charge over Units 1 & 3 Park Road Industrial Estate, and a fixed and floating charge over all the property or undertaking of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

1,000

Ordinary

1

1,000

11.	RELATED PARTY DISCLOSURES

As at the 31st December 2024 the sum of £79,557 (2023:£219,684) was owed to Henry Williams & Sons (Roads) Limited, a subsidiary of the company. No interest was payable on the loan during the year ended 31st December 2024, and the loan is repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is S R Williams.

The ultimate controlling party is the director, Mr S R Williams, by virtue of holding a controlling interest in the issued ordinary shares.