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REGISTERED NUMBER: 10136884 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Archway Holdings Ltd

Archway Holdings Ltd (Registered number: 10136884)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Archway Holdings Ltd

Company Information
for the year ended 31 May 2023







DIRECTORS: P L Pedley OBE
A V Pedley
J Hill
D J Campbell-Kelly
R Whelan





SECRETARY: A V Pedley





REGISTERED OFFICE: The East Barn Hollowmoor Heath
Great Barrow
Chester
Cheshire
CH3 7LF





REGISTERED NUMBER: 10136884 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
14 Grosvenor Court
Foregate Street
Chester
Cheshire
CH1 1HG

Archway Holdings Ltd (Registered number: 10136884)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 18,000 18,000

CURRENT ASSETS
Debtors 5 4,500,000 3,685,000
Cash at bank 10,359 176,947
4,510,359 3,861,947
CREDITORS
Amounts falling due within one year 6 1,060,762 911,993
NET CURRENT ASSETS 3,449,597 2,949,954
TOTAL ASSETS LESS CURRENT LIABILITIES 3,467,597 2,967,954

CAPITAL AND RESERVES
Called up share capital 12,000 12,000
Retained earnings 3,455,597 2,955,954
3,467,597 2,967,954

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

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

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.

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 Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





P L Pedley OBE - Director


Archway Holdings Ltd (Registered number: 10136884)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Archway Holdings 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2022
and 31 May 2023 18,000
NET BOOK VALUE
At 31 May 2023 18,000
At 31 May 2022 18,000

Subsidiary undertakings

The company's investment in its subsidiary companies represents the cost of acquisition of the whole of the ordinary share capital of Archway Homes Ltd of £12,000 and Archway Groundworks Ltd of £6,000.

At 31 May 2023, the aggregate of the share capital and reserves of Archway Homes Ltd amounted to £387,418 (2022 : £522,739) and the profit for the year to that date was £364,679 (2022 : £461,737)

At 31 May 2023, the aggregate of the share capital and reserves of Archway Groundworks Ltd amounted to £7,973 (2022 : £8,008) and the loss for the year to that date was £35 (2022 : Profit £1,749)

Archway Holdings Ltd (Registered number: 10136884)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 4,500,000 3,685,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 600 540
Taxation and social security 10,162 11,453
Other creditors 1,050,000 900,000
1,060,762 911,993

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other creditors 1,050,000 900,000

8. RELATED PARTY DISCLOSURES

Amounts owed by group undertakings includes an amount of £4,425,000 (2022 : £3,550,000) owed from Archway Homes Ltd, a wholly owned subsidiary. The loan is secured with a fixed and floating charge on the assets of Archway Homes Ltd and is repayable on demand. Interest was charged in the period of £151,938 (2022 £123,733).

Amounts owed by group undertakings includes an amount of £75,000 (2022 : £135,000) owed from Archway Groundworks Ltd, a wholly owned subsidiary. The loan is secured with a fixed and floating charge on the assets of Archway Groundworks Ltd and is repayable on demand. No interest was charged in the period,

Included in other creditors is £1,050,000 (2022 : £900,000) owed to Barrowmore Investments Limited, a company that directors P L and A Pedley are also directors. The loan is secured with a fixed and floating charge on the assets of Archway Holdings Ltd and is repayable on demand. Interest was charged in the period of £100,029 (2022 £62,746).

Dividends totalling £41,000 (2022 : £16,000) were paid during the year to P L and A Pedley, together with members of their close family.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr P L and Mrs A Pedley, the directors of the company, together with members of their close family by virtue of owning the majority of the issued share capital.