Tom Wills Property Limited 13057423 false 2025-01-01 2025-12-31 2025-12-31 The principal activity of the company is that of estate agency services. Digita Accounts Production Advanced 6.30.9574.0 true true 13057423 2025-01-01 2025-12-31 13057423 2025-12-31 13057423 bus:Director1 1 2025-12-31 13057423 core:OtherReservesSubtotal 2025-12-31 13057423 core:RetainedEarningsAccumulatedLosses 2025-12-31 13057423 core:ShareCapital 2025-12-31 13057423 core:CurrentFinancialInstruments 2025-12-31 13057423 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 13057423 core:FurnitureFittingsToolsEquipment 2025-12-31 13057423 core:LandBuildings 2025-12-31 13057423 bus:SmallEntities 2025-01-01 2025-12-31 13057423 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 13057423 bus:FilletedAccounts 2025-01-01 2025-12-31 13057423 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 13057423 bus:RegisteredOffice 2025-01-01 2025-12-31 13057423 bus:Director1 2025-01-01 2025-12-31 13057423 bus:Director1 1 2025-01-01 2025-12-31 13057423 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 13057423 core:FurnitureFittingsToolsEquipment 2025-01-01 2025-12-31 13057423 core:LandBuildings 2025-01-01 2025-12-31 13057423 core:OfficeEquipment 2025-01-01 2025-12-31 13057423 countries:EnglandWales 2025-01-01 2025-12-31 13057423 2024-12-31 13057423 core:FurnitureFittingsToolsEquipment 2024-12-31 13057423 core:LandBuildings 2024-12-31 13057423 2024-01-01 2024-12-31 13057423 2024-12-31 13057423 bus:Director1 1 2024-12-31 13057423 core:OtherReservesSubtotal 2024-12-31 13057423 core:RetainedEarningsAccumulatedLosses 2024-12-31 13057423 core:ShareCapital 2024-12-31 13057423 core:CurrentFinancialInstruments 2024-12-31 13057423 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 13057423 core:FurnitureFittingsToolsEquipment 2024-12-31 13057423 core:LandBuildings 2024-12-31 13057423 bus:Director1 1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registration number: 13057423

Tom Wills Property Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Tom Wills Property Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Tom Wills Property Limited

Company Information

Director | Mr T A Wills

Registered office | 1 Colleton Crescent Exeter Devon EX2 4DG

Accountants | Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG

Tom Wills Property Limited

(Registration number: 13057423)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 22,396 | 21,092
Current assets |  |  |
Debtors | 5 | 6,219 | 880
Cash at bank and in hand |  | 169,633 | 140,083
|  | 175,852 | 140,963
Creditors: Amounts falling due within one year | 6 | (55,944) | (55,177)
Net current assets |  | 119,908 | 85,786
Total assets less current liabilities |  | 142,304 | 106,878
Provisions for liabilities |  | (599) | (264)
Net assets |  | 141,705 | 106,614
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Other reserves |  | 1,915 | 1,915
Retained earnings |  | 139,690 | 104,599
Shareholders' funds |  | 141,705 | 106,614

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 1 June 2026

......................................... Mr T A Wills Director

Tom Wills Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Colleton Crescent
Exeter
Devon
EX2 4DG

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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 taxable income.

Tom Wills Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Tom Wills Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 January 2025 | 20,000 | 2,969 | 22,969
Additions | - | 2,469 | 2,469
Disposals | - | (366) | (366)
At 31 December 2025 | 20,000 | 5,072 | 25,072
Depreciation
At 1 January 2025 | - | 1,877 | 1,877
Charge for the year | - | 951 | 951
Eliminated on disposal | - | (152) | (152)
At 31 December 2025 | - | 2,676 | 2,676
Carrying amount
At 31 December 2025 | 20,000 | 2,396 | 22,396
At 31 December 2024 | 20,000 | 1,092 | 21,092

Included within the net book value of land and buildings above is £20,000 (2024 - £20,000) in respect of freehold land and buildings.

Tom Wills Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 5,088 | -
Prepayments and accrued income | 1,131 | 880
Total current trade and other debtors | 6,219 | 880

6 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 1,760 | 1,611
Taxation and social security | 52,334 | 51,802
Other creditors | - | 164
Accrued expenses | 1,850 | 1,600
| 55,944 | 55,177

7 | Related party transactions

Transactions with the director

2025 | Advances to directors £ | Repayments by director £ | At 31 December 2025 £
Director 1 - Interest free loan, repayable on demand | 48,293 | (43,204) | 5,089

2024 | Advances to directors £ | Repayments by director £ | At 31 December 2024 £
Director 1 - Interest free loan, repayable on demand | 32,186 | (32,186) | -