REGISTERED NUMBER: 00578514 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

WILLIAMS AND BROOKE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

5

DIRECTORS:

N R Evans

N D Evans

SECRETARY:

Dr S A Evans

REGISTERED OFFICE:

'Horizons'

Rest Bay Close

Porthcawl

Mid.Glamorgan

CF36 3UN

REGISTERED NUMBER:

00578514 (England and Wales)

ACCOUNTANTS:

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

BANKERS:

HSBC

Portland Street

Swansea

SA1 3DF

FIXED ASSETS

Tangible assets

4

21,206

21,418

Investments

5

10,009

10,009

31,215

31,427

CURRENT ASSETS

Stocks

6

1,232,505

1,234,505

Debtors

7

220,835

219,458

Cash at bank

36,585

24,137

1,489,925

1,478,100

CREDITORS

Amounts falling due within one year

8

322,946

305,073

NET CURRENT ASSETS

1,166,979

1,173,027

TOTAL ASSETS LESS CURRENT LIABILITIES

1,198,194

1,204,454

CREDITORS

Amounts falling due after more than one year

9

(704,008

)

(727,908

)

PROVISIONS FOR LIABILITIES

(887

)

(887

)

NET ASSETS

493,299

475,659

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Retained earnings

490,299

472,659

SHAREHOLDERS' FUNDS

493,299

475,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 15 October 2025 and were signed on its behalf by:

N R Evans - Director

1.	STATUTORY INFORMATION

Williams and Brooke 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.

Turnover

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

Tangible fixed assets

Fixed assets are depreciated at the following rates to write off their cost to estimated residual values of each asset over its expected useful life as follows:

Fixtures & fittings

-15% reducing balance basis

Motor vehicles

-25% reducing balance basis

Stocks and work in progress

Stocks and work in progress of freehold and leasehold sites have been valued at the lower of cost and net realisable value by the directors, including legal and valuation fees.

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.

Revaluation of properties

Freehold property is carried at its open market value. A full valuation is to be undertaken every five years by a firm of independent valuers with an interim valuation in year three.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

20,000

16,765

36,765

DEPRECIATION

At 1 February 2024

-

15,347

15,347

Charge for year

-

212

212

At 31 January 2025

-

15,559

15,559

NET BOOK VALUE

At 31 January 2025

20,000

1,206

21,206

At 31 January 2024

20,000

1,418

21,418

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2024

and 31 January 2025

10,009

NET BOOK VALUE

At 31 January 2025

10,009

At 31 January 2024

10,009

6.

STOCKS

2025

2024

£

£

Stocks

79,093

81,093

Work-in-progress

1,153,412

1,153,412

1,232,505

1,234,505

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Due from related companies

217,357

216,126

Prepayments

3,478

3,332

220,835

219,458

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

26,826

25,776

Tax

4,761

14,939

Due to related companies

50,264

50,652

Directors' current accounts

41,650

10,462

Accruals and deferred income

4,998

4,998

Accrued expenses

194,447

198,246

322,946

305,073

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

27,744

25,404

Bank loans - 2-5 years

89,205

73,762

Bank loans more 5 yr by instal

587,059

628,742

704,008

727,908

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

587,059

628,742

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

730,834

753,684

The bank loans and overdraft are secured by way of charges over the stock and work in progress of the company. All facilities are reviewed every 5 years.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 January 2025 the company owed the directors £41,650 (2024 - £10,462).

12.	RELATED PARTY DISCLOSURES

Mr N R Evans is a director and shareholder of Tiffany Properties Limited, NRE Project Management Tenby Limited and NRE 55 (Tenby) Limited.

As at 31 January 2025 the company owed £50,264 to Tiffany Properties Limited, (2024 - £50,652).

R & S Project Management Porthcawl Limited and R & S Project Management Tenby Limited are connected to Williams & Brooke Limited as Mr N.R. Evans and Mr N.D. Evans are directors in both companies. As at 31 January 2025 Williams & Brooke Limited was owed £4,246 (2024 - £3,858) from R & S Project Management Tenby Limited and £86,464 (2024 - £86,076) from R & S Project Management Porthcawl Limited.

Williams & Brooke Limited is owed £125,063 (2024 - £124,996) from NRE 55 (Tenby) Limited and is owed £1,584 (2024 - £1,196) from NRE Project Management Tenby Limited.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N R Evans. He owns just over 50% of the issued share capital of the company.