William James Living Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 10704486

		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		740,000		717,800

			740,000		717,800
CURRENT ASSETS
Debtors	5	3,695		4,364
Cash at bank and in hand		5,142		54,216

		8,837		58,580
Creditors: Amounts Falling Due Within One Year	6	(4,158 )		(7,228 )

NET CURRENT ASSETS (LIABILITIES)			4,679		51,352

TOTAL ASSETS LESS CURRENT LIABILITIES			744,679		769,152

Creditors: Amounts Falling Due After More Than One Year	7		(644,582 )		(698,642 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(10,089 )		(5,871 )

NET ASSETS			90,008		64,639

CAPITAL AND RESERVES
Called up share capital	9		100		100
Revaluation reserve			43,012		25,030
Profit and Loss Account			46,896		39,509

SHAREHOLDERS' FUNDS			90,008		64,639

Page 1

Page 2

William James Living Limited

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr William Burkitt

Director

04/11/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

William James Living Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10704486 . The registered office is 118 Marine Crescent, Goring-By-Sea, Worthing, BN12 4HR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33% Straight Line

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property is based on director's valuations and has not been based on a valuation by an independent valuer with a professional qualification. No depreciation is provided for.

Changes in fair value are recognised in the profit and loss account.

2.5. Deferred Tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	2	2

	2	2

4. Tangible Assets

	Investment Properties	Computer Equipment	Total
	£	£	£
Cost or Valuation
As at 1 May 2024	717,800	519	718,319
Revaluation	22,200	-	22,200

As at 30 April 2025	740,000	519	740,519

Depreciation
As at 1 May 2024	-	519	519

As at 30 April 2025	-	519	519

...CONTINUED

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William James Living Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

Net Book Value
As at 30 April 2025	740,000	-	740,000

As at 1 May 2024	717,800	-	717,800

5. Debtors

	2025	2024 as restated
	£	£
Due within one year
Prepayments and accrued income	1,270	844
Other debtors	2,425	3,520

	3,695	4,364

6. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Corporation tax	1,733	3,708
Other creditors	2,425	3,520

	4,158	7,228

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024 as restated
	£	£
Bank loans	435,601	489,661
Other creditors	208,981	208,981

	644,582	698,642

8. Secured Creditors

Of the creditors falling due within and after more than one year the following amount is secured by a fixed charge over the investment properties. The mortgages are interest only with terms of 35 years or less.

	2025		2024 as restated
	£		£
Bank loans and overdrafts	435,601		489,661

9. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	100	100

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