REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
1 April 2022 to 30 September 2023 |
for |
Greenway Property Investments Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
1 April 2022 to 30 September 2023 |
for |
Greenway Property Investments Limited |
Greenway Property Investments Limited (Registered number: 07447039) |
Contents of the Financial Statements |
for the Period 1 April 2022 to 30 September 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Greenway Property Investments Limited |
Company Information |
for the Period 1 April 2022 to 30 September 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Riverside View |
Basing Road |
Old Basing |
Basingstoke |
Hampshire |
RG24 7AL |
Greenway Property Investments Limited (Registered number: 07447039) |
Balance Sheet |
30 September 2023 |
30.9.23 | 31.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
PROVISIONS FOR LIABILITIES | 11 | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 12 |
Fair value reserve | 13 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
Greenway Property Investments Limited (Registered number: 07447039) |
Balance Sheet - continued |
30 September 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Greenway Property Investments Limited (Registered number: 07447039) |
Notes to the Financial Statements |
for the Period 1 April 2022 to 30 September 2023 |
1. | STATUTORY INFORMATION |
Greenway Property Investments Limited is a |
The year end of the company has been extended by 6 months from 31 March 2023 to 30 September 2023 due to internal system changes. The comparative amounts presented in the financial statements (including the related notes) are therefore not entirely comparable. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
The directors have made key assumptions in the determination of the fair value of an investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset. |
Turnover |
Turnover represents rent receivable. |
Tangible fixed assets |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
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 |
Debtors and creditors payable/receivable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
Loans and borrowings |
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. |
Greenway Property Investments Limited (Registered number: 07447039) |
Notes to the Financial Statements - continued |
for the Period 1 April 2022 to 30 September 2023 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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, adjusted for indexation where applicable. |
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 period 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. |
Impairment |
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 April 2022 |
Additions |
At 30 September 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for period |
At 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 31 March 2022 |
Greenway Property Investments Limited (Registered number: 07447039) |
Notes to the Financial Statements - continued |
for the Period 1 April 2022 to 30 September 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 April 2022 |
Disposals | ( |
) |
At 30 September 2023 |
PROVISIONS |
At 1 April 2022 | 2,500,000 |
Eliminated on disposal | (2,500,000 | ) |
At 30 September 2023 | - |
NET BOOK VALUE |
At 30 September 2023 |
At 31 March 2022 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2022 |
Additions |
Revaluations | 12,911 |
At 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 31 March 2022 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 31.3.22 |
£ | £ |
Trade debtors |
Other debtors |
Greenway Property Investments Limited (Registered number: 07447039) |
Notes to the Financial Statements - continued |
for the Period 1 April 2022 to 30 September 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 31.3.22 |
£ | £ |
Bank loans and overdrafts |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.9.23 | 31.3.22 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans > 5 years | - | 156,849 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.9.23 | 31.3.22 |
£ | £ |
Bank loans |
Bank loans are secured against the freehold investment properties owned by the company. |
11. | PROVISIONS FOR LIABILITIES |
30.9.23 | 31.3.22 |
£ | £ |
Deferred tax |
Other timing differences | 66,736 | - |
Deferred |
tax |
£ |
On fair value reserve movement | 66,736 |
Balance at 30 September 2023 |
12. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.23 | 31.3.22 |
value: | £ | £ |
Ordinary | £1 | 900 | 900 |
Greenway Property Investments Limited (Registered number: 07447039) |
Notes to the Financial Statements - continued |
for the Period 1 April 2022 to 30 September 2023 |
13. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 April 2022 |
Revaluation | 12,911 |
Transfers | 204,323 |
At 30 September 2023 |