Company No: OC448949 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	4	36,237,459		36,321,042
Investments	5	837		837
		36,238,296		36,321,879
Current assets
Stocks		302,660		259,784
Debtors	6	103,884		692,101
Cash at bank and in hand		1,265,220		1,110,351
		1,671,764		2,062,236
Creditors: amounts falling due within one year	7	( 139,585)		( 401,055)
Net current assets		1,532,179		1,661,181
Total assets less current liabilities		37,770,475		37,983,060
Net assets attributable to members		37,770,475		37,983,060
Represented by
Loans and other debts due to members after more than one year
Members' capital classified as a liability		(295,886)		(83,301)
		(295,886)		(83,301)
Members' other interests
Members' capital classified as equity		38,066,361		38,066,361
		38,066,361		38,066,361
		37,770,475		37,983,060
Total members' interests
Loans and other debts due to members		(295,886)		(83,301)
Members' other interests		38,066,361		38,066,361
		37,770,475		37,983,060

For the financial year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of R S Williams Estates LLP (registered number: OC448949) were approved and authorised for issue by the Board of Directors on 03 November 2025. They were signed on its behalf by:

Ms O Williams Designated member		Mrs C L Ives Designated member
Mrs S G Williams Designated member

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

R S Williams Estates LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales.

The address of the LLP's registered office is Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom.

The principle place of business is Brickworth House, Whiteparish, Salisbury, SP5 2QE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	25 % reducing balance
Other property, plant and equipment	25 % reducing balance

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	Year ended 31.03.2025		Period from 04.09.2023 to 31.03.2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	0		0

3. Members' remuneration

Profits are shared among the members in accordance with agreed profit sharing arrangements. Members are required to make their own provision for pensions from their profit shares.

	31.03.2025		31.03.2024
	Number		Number
Average number of members during the financial year	3		3

4. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Office equipment		Other property, plant and equipment		Total
	£		£		£		£		£		£
Cost
At 01 April 2024	36,330,750		2,208		2,447		0		713		36,336,118
Additions	0		6,650		0		723		0		7,373
At 31 March 2025	36,330,750		8,858		2,447		723		713		36,343,491
Accumulated depreciation
At 01 April 2024	14,853		92		102		0		29		15,076
Charge for the financial year	89,115		1,083		587		0		171		90,956
At 31 March 2025	103,968		1,175		689		0		200		106,032
Net book value
At 31 March 2025	36,226,782		7,683		1,758		723		513		36,237,459
At 31 March 2024	36,315,897		2,116		2,345		0		684		36,321,042

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	837		837
At 31 March 2025	837		837
Carrying value at 31 March 2025	837		837
Carrying value at 31 March 2024	837		837

6. Debtors

	31.03.2025		31.03.2024
	£		£
Trade debtors	56,966		649,432
Prepayments	16,184		19,279
VAT recoverable	30,564		9,140
Other debtors	170		14,250
	103,884		692,101

7. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Trade creditors	128,215		374,906
Other creditors	11,370		26,149
	139,585		401,055