A.H. Willis and Sons Property Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09659649

A.H. WILLIS AND SONS PROPERTY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 June 2025

A.H. WILLIS AND SONS PROPERTY LIMITED

STATEMENT OF FINANCIAL POSITION

30 June 2025

	30 Jun 25		31 Mar 24
Note	£	£	£

Fixed assets

Tangible assets	5		750,000	750,000

Current assets

Debtors	6	590	100
Cash at bank and in hand		62,955	297,955
		--------	---------
		63,545	298,055

Creditors: amounts falling due within one year	7	14,692		10,022
		--------		---------
Net current assets			48,853	288,033
			---------	------------
Total assets less current liabilities			798,853	1,038,033

Provisions	58,404	44,387
	---------	------------
Net assets	740,449	993,646
	---------	------------

Capital and reserves

Called up share capital	8	100	100
Revaluation reserve		206,779	220,796
Profit and loss account		533,570	772,750
		---------	---------
Shareholders funds		740,449	993,646
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

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

A.H. WILLIS AND SONS PROPERTY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr S H Willis

Director

Company registration number: 09659649

A.H. WILLIS AND SONS PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 1 APRIL 2024 TO 30 JUNE 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 11, White Horse Business Park Ware Road, Stanford In The Vale, Faringdon.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Significant judgements and estimates

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover represents rental income receivable, which is recognised in accordance with the rental agreements on commercial property. The property is exempt from Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Investment property Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost,which includes the purchase cost and any directly attributable expenditure. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Trade and other debtors

Trade and other debtors are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Related parties

For the purposes of these financial statements, a party is considered to be related to the Company if:

(i) the party has the ability, directly or indirectly, through one or more intermediaries, to control the Company or exercise significant influence over the Company in making financial and operating policy decisions, or has joint control over the Company;

(ii) the Company and the party are subject to common control;

(iii) the party is an associate of the Company or a joint venture in which the Company is a venturer;

(iv) the party is a member of key management personnel of the Company or the Company's parent, or a close family member of such an individual, or is an entity under the control, joint control or significant influence of such individuals;

(v) the party is a close family member of a party referred to in (i) or is an entity under the control,joint control or significant influence of such individuals; or close family members of an individual are those family members who it may be expected to influence, or be influenced by, that individual in their dealings with the entity.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 2 (2024: 4 ).

5. Tangible assets

	Freehold property
	£
Cost
At 1 April 2024 and 30 June 2025	750,000
	---------
Depreciation
At 1 April 2024 and 30 June 2025	–
	---------
Carrying amount
At 30 June 2025	750,000
	---------
At 31 March 2024	750,000
	---------

The freehold property was valued professionally in September 2021. There was no change to the valuation in 2024 or 2025.

6. Debtors

	30 Jun 25	31 Mar 24
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	100	100
Other debtors	490	–
	----	----
	590	100
	----	----

7. Creditors: amounts falling due within one year

	30 Jun 25	31 Mar 24
	£	£
Corporation tax	13,442	8,102
Other creditors	1,250	1,920
	--------	--------
	14,692	10,022
	--------	--------

8. Called up share capital

Issued, called up and fully paid

	30 Jun 25		31 Mar 24
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

9. Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidiaries within the group.

10. Controlling party

The parent company of A.H. Willis and Sons Property Limited is A.H. Willis and Sons Holdings Limited, and its registered office is Unit 11, White Horse Business Park, Ware Road, Stanford In The Vale, Faringdon, Oxfordshire.