REGISTERED NUMBER: 08882089 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

William May Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I Jowett

Mr W A O'Donnell

REGISTERED OFFICE:

14 Devonshire Avenue

Beeston

Nottingham

Nottinghamshire

NG9 1BS

REGISTERED NUMBER:

08882089 (England and Wales)

ACCOUNTANTS:

Franklins

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

FIXED ASSETS

Tangible assets

4

198,170

156,886

Investments

5

329,987

290

Investment property

6

9,645,255

7,856,019

10,173,412

8,013,195

CURRENT ASSETS

Debtors

7

3,012,507

5,295,505

Cash at bank and in hand

509,404

1,481,212

3,521,911

6,776,717

CREDITORS

Amounts falling due within one year

8

412,844

335,631

NET CURRENT ASSETS

3,109,067

6,441,086

TOTAL ASSETS LESS CURRENT LIABILITIES

13,282,479

14,454,281

CREDITORS

Amounts falling due after more than one year

9

(4,384,529

)

(4,886,024

)

PROVISIONS FOR LIABILITIES

(710,245

)

(727,424

)

NET ASSETS

8,187,705

8,840,833

CAPITAL AND RESERVES

Called up share capital

10

60

90

Capital redemption reserve

(1,999,975

)

-

Non distributable reserve

11

2,092,105

2,064,605

Retained earnings

8,095,515

6,776,138

SHAREHOLDERS' FUNDS

8,187,705

8,840,833

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr I Jowett - Director

Mr G W Jowett - Director

Mr W A O'Donnell - Director

1.	STATUTORY INFORMATION

William May 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.

Preparation of consolidated financial statements

The financial statements contain information about William May Holdings Limited as an individual company and do not contain consolidated financial information as the parent of the group.

Turnover

Turnover represents net invoiced rent, 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 7 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

52,000

116,086

29,300

-

197,386

Additions

-

67,296

46,355

3,332

116,983

Disposals

(32,000

)

-

-

-

(32,000

)

At 31 December 2024

20,000

183,382

75,655

3,332

282,369

DEPRECIATION

At 1 January 2024

10,400

24,240

5,860

-

40,500

Charge for year

3,200

31,829

13,959

1,111

50,099

Eliminated on disposal

(6,400

)

-

-

-

(6,400

)

At 31 December 2024

7,200

56,069

19,819

1,111

84,199

NET BOOK VALUE

At 31 December 2024

12,800

127,313

55,836

2,221

198,170

At 31 December 2023

41,600

91,846

23,440

-

156,886

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

290

Additions

329,847

Disposals

(150

)

At 31 December 2024

329,987

NET BOOK VALUE

At 31 December 2024

329,987

At 31 December 2023

290

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

7,856,019

Additions

2,647,899

Disposals

(858,663

)

At 31 December 2024

9,645,255

NET BOOK VALUE

At 31 December 2024

9,645,255

At 31 December 2023

7,856,019

Fair value at 31 December 2024 is represented by:

£

Valuation in 2019

2,378,924

Valuation in 2020

99,806

Valuation in 2021

1,203,559

Valuation in 2022

(516,308

)

Valuation in 2023

(413,174

)

Cost

6,892,448

9,645,255

Investment property was valued on an open market basis on 31 December 2024 by Ian Jowett .

Fixed assets, included in the above, which are held under finance leases are as follows:

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

666,928

NET BOOK VALUE

At 31 December 2024

666,928

At 31 December 2023

666,928

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

33,942

30,414

Other debtors

2,978,565

5,265,091

3,012,507

5,295,505

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

68,447

10,000

Hire purchase contracts

11,407

8,187

Trade creditors

23,612

57,871

Taxation and social security

7,570

2,943

Other creditors

301,808

256,630

412,844

335,631

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,359,129

4,886,024

Hire purchase contracts

25,400

-

4,384,529

4,886,024

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

90

Ordinary

£1

60

90

11.

RESERVES

Non

distributable

reserve

£

At 1 January 2024

2,064,605

Deferred tax

27,500

At 31 December 2024

2,092,105

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr I Jowett

Balance outstanding at start of year

-

-

Amounts advanced

234,378

83,007

Amounts repaid

(234,378

)

(83,007

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mr G W Jowett

Balance outstanding at start of year

-

-

Amounts advanced

224,245

169,856

Amounts repaid

(224,245

)

(169,856

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mr W A O'Donnell

Balance outstanding at start of year

58,517

(30

)

Amounts advanced

284,939

109,576

Amounts repaid

(281,201

)

(51,029

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

62,255

58,517

Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year at 2.25% per annum.

The overdrawn director's loan account was cleared within nine months of the year end.

13.	RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided to companies with a participating interest in the company amounted to £270,661(2023 £2,694,803).

The balance outstanding on interest free loans provided from companies in which the company has a participating interest in amounted to £5,648 (2023 £541,873).