ACCOUNTS - Final Accounts

Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 11233526

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	WESTONWILLIAMSON LIMITED


WESTONWILLIAMSON LIMITED

COMPANY INFORMATION

Directors	C M Davies
	A M Sharistani (appointed 18 April 2024)
	C Hutchinson (appointed 6 February 2025)


Company secretary	Pinsent Masons Secretarial Limited


Registered number	11233526


Registered office	12 Valentine Place
	London
	SE1 8QH


Trading Address	120 Adelaide Street West
	Suite 2500
	Toronto
	Ontario
	M5H 1T1, Canada



Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	Ashcombe House
	5 The Crescent
	Leatherhead
	Surrey
	KT22 8DY


WESTONWILLIAMSON LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 8


WESTONWILLIAMSON LIMITED REGISTERED NUMBER:11233526

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		36,144		9,293
Investments	5		171		171
			36,315		9,464
Current assets
Debtors Within One Year	6	676,578		986,356
Cash at bank and in hand		390,462		471,892
		1,067,040		1,458,248
Creditors: amounts falling due within one year	7	(1,040,130)		(1,098,133)
Net current assets			26,910		360,115
Total assets less current liabilities			63,225		369,579
Provisions for liabilities
Other provisions	9	-		(240,542)
			-		(240,542)
Net assets			63,225		129,037

Capital and reserves
Called up share capital	1,171	1,171
Foreign exchange reserve	(16,104)	(22,064)
Profit and loss account	78,158	149,930
	63,225	129,037

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 by:

C M Davies	C Hutchinson
Director	Director
Date: 30 September 2025	Date:30 September 2025

The notes on pages 2 to 8 form part of these financial statements.

Page 1


WESTONWILLIAMSON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

WestonWilliamson Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and principal trading address are disclosed on the company information page.

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

2.4

Revenue

Revenue represents amounts receivable for architectural and design consultancy services, net of VAT.
Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty by including in the profit and loss account turnover and related costs as contract activity progresses. Revenue is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

2.5

Interest income

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

Page 2


WESTONWILLIAMSON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

2.8

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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings

3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3


WESTONWILLIAMSON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.

Increases in provisions are generally charged as an expense to profit or loss.

2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Employees

The average monthly number of employees, including directors, during the year was 22 (2023 - 14).

Page 4


WESTONWILLIAMSON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

		Fixtures and fittings
		£
	Cost
	At 1 January 2024	19,876
	Additions	42,182
	Disposals	(7,502)
	Exchange adjustments	(2,250)
	At 31 December 2024	52,306
	Depreciation
	At 1 January 2024	10,583
	Charge for the year on owned assets	13,932
	Disposals	(7,502)
	Exchange adjustments	(851)
	At 31 December 2024	16,162
	Net book value
	At 31 December 2024	36,144
	At 31 December 2023	9,293

Page 5


WESTONWILLIAMSON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Fixed asset investments

		Investments in subsidiary company
		£
	Cost
	At 1 January 2024	171
	At 31 December 2024	171

Debtors

					2024	2023
					£	£


Trade debtors	5,811	192,556
Other debtors	37,755	21,898
Prepayments and accrued income	6,301	3,380
Amounts recoverable on long-term contracts	478,623	746,653
Tax recoverable	128,300	-
Deferred taxation	19,788	21,869
	676,578	986,356

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	27,566	72,779
Amounts owed to group undertakings	382,916	814,343
Corporation tax	857	46,797
Other taxation and social security	91,245	61,631
Other creditors	11,582	-
Accruals and deferred income	525,964	102,583
	1,040,130	1,098,133

Page 6


WESTONWILLIAMSON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8.	Deferred taxation

		2024
		£

	At beginning of year	21,869
	Charged to profit or loss	(2,081)
	At end of year	19,788

The deferred tax asset is made up as follows:
	2024	2023
	£	£

Accelerated capital allowances	20,775	21,869
Tax losses carried forward	(987)	-
	19,788	21,869

9.	Provisions

		Bonus provision
		£

	At 1 January 2024	240,542
	Other movements	(228,513)
	Foreign exchange movement	(12,029)
	At 31 December 2024	-

Not later than 1 year	115,273	-
Later than 1 year and not later than 5 years	19,919	-
	135,192	-

Page 7


WESTONWILLIAMSON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

11.	Controlling party

The smallest group for which consolidated accounts, which includes this Company, are prepared is WestonWilliamson+Partners LLP, a limited liability partnership based in the UK. The consolidated accounts for this group can be found at their registered address, 12 Valentine Place, London, SE1 8QH.

12.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 30 September 2025 by Caroline Milton FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

Page 8