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REGISTERED NUMBER: 12783834 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

CONWAY LAND & PROPERTY LTD

CONWAY LAND & PROPERTY LTD (REGISTERED NUMBER: 12783834)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CONWAY LAND & PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: C A Conway





REGISTERED OFFICE: Rosetta Cliff View Gardens
Leysdown-On-Sea
Sheerness
Kent
ME12 4AF





REGISTERED NUMBER: 12783834 (England and Wales)





ACCOUNTANTS: Williams Giles Professional Services Ltd
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH

CONWAY LAND & PROPERTY LTD (REGISTERED NUMBER: 12783834)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 90,000 90,000

CURRENT ASSETS
Debtors 5 822 383
Cash at bank 1,789 2,054
2,611 2,437
CREDITORS
Amounts falling due within one year 6 26,516 70,130
NET CURRENT LIABILITIES (23,905 ) (67,693 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,095

22,307

CREDITORS
Amounts falling due after more than one
year

7

(51,375

)

-

PROVISIONS FOR LIABILITIES (4,570 ) (4,570 )
NET ASSETS 10,150 17,737

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings - non distributable 9 13,710 13,710
Retained earnings (3,660 ) 3,927
10,150 17,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CONWAY LAND & PROPERTY LTD (REGISTERED NUMBER: 12783834)

BALANCE SHEET - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2023 and were signed by:





C A Conway - Director


CONWAY LAND & PROPERTY LTD (REGISTERED NUMBER: 12783834)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Conway Land & Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Turnover represents income from UK residential lettings; this income is exempt from VAT.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value.

Financial liabilities - trade creditors and other creditors are measured initially at fair value through the Income Statement and are measured subsequently at amortised cost.

Finance costs are charged to the Income Statement over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount. Borrowing costs are not capitalised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

CONWAY LAND & PROPERTY LTD (REGISTERED NUMBER: 12783834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued

Going concern
The accounts have been prepared on the going concern basis. The directors have confirmed that they do not intend to withdraw their financial support for the business in the foreseeable future and have an expectation that the investment property will increase in value over the long term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 90,000
NET BOOK VALUE
At 31 July 2023 90,000
At 31 July 2022 90,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2021 18,280
Cost 71,720
90,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 65,553 65,553

The investment property was valued on an open market basis on 31 July 2023 by C A Conway .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 822 383

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 10,000 50,000
Taxation and social security - 845
Other creditors 16,516 19,285
26,516 70,130

CONWAY LAND & PROPERTY LTD (REGISTERED NUMBER: 12783834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 51,375 -

8. SECURED DEBTS

Together Commercial Finance Limited hold a floating charge that covers all the property and undertaking of the company, dated 23 May 2023.

Together Commercial Finance Limited also hold a charge containing a negative pledge, over the property. This is also dated 23 May 2023.

9. RESERVES
Retained
earnings
- non
distributable
£   
At 1 August 2022
and 31 July 2023 13,710