Company No: 01580443 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	316		443
Investment property	4	90,000		85,000
Investments	5	352,993		329,840
		443,309		415,283
Current assets
Cash at bank and in hand		326		650
		326		650
Creditors: amounts falling due within one year	6	( 168,767)		( 164,329)
Net current liabilities		(168,441)		(163,679)
Total assets less current liabilities		274,868		251,604
Creditors: amounts falling due after more than one year	7	0		( 926)
Provision for liabilities		( 12,640)		( 9,700)
Net assets		262,228		240,978
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		262,128		240,878
Total shareholders' funds		262,228		240,978

Reserves:

As at 29 November 2025 the profit and loss account included £6,508 of non-distributable reserves (2024: £20,210) - this relates to the revaluation surplus on the investment properties.

For the financial year ending 29 November 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Angela and Steve Williams Limited (registered number: 01580443) were approved and authorised for issue by the Board of Directors on 28 August 2026. They were signed on its behalf by:

Mr S C Williams Director

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 year, unless otherwise stated.

General information and basis of accounting

Angela and Steve Williams Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office and principal place of business, is Pavilion House, Ford Lane, West Hill, Ottery St Mary, EX11 1XE, 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 Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Rental revenue is recognised as the rent becomes due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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 straight-line basis over its expected useful life, as follows:

Office equipment

6 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Office equipment		Total
	£		£
Cost
At 30 November 2024	762		762
At 29 November 2025	762		762
Accumulated depreciation
At 30 November 2024	319		319
Charge for the financial year	127		127
At 29 November 2025	446		446
Net book value
At 29 November 2025	316		316
At 29 November 2024	443		443

4. Investment property

	Investment property
	£
Valuation
As at 30 November 2024	85,000
Fair value movement	5,000
As at 29 November 2025	90,000

The valuations of property have been reviewed by the directors at 29 November 2025, using an open market basis. In the opinion of the directors, there has been an increase in valuation of the property within the year.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	114,797		114,797

5. Fixed asset investments

	Investments in joint ventures		Total
	£		£
Cost or valuation before impairment
At 30 November 2024	329,840		329,840
Additions	23,153		23,153
At 29 November 2025	352,993		352,993
Carrying value at 29 November 2025	352,993		352,993
Carrying value at 29 November 2024	329,840		329,840

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 29.11.2025	Ownership 29.11.2024
ATP Holdings Limited & Angela and Steve Williams Limited	Vici House, 2 Mallard Road, Sowton, Exeter, Devon, EX2 7LD	Development and rental of investment properties	Ordinary	50.00%	50.00%

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	944		1,868
Trade creditors	0		2,000
Amounts owed to directors	152,836		146,686
Accruals	3,402		3,284
Taxation and social security	3,950		3,100
Other creditors	7,635		7,391
	168,767		164,329

There are no amounts included above in respect of which any security has been given by the small entity.

The bank loan is government assistance received by means of a bounce back loan.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		926

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100