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Company registration number: 04459578
Aviway Limited
Unaudited filleted financial statements
31 March 2023
Aviway Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Aviway Limited
Directors and other information
Directors Mrs Jennifer Ann White
Mr John David White
Company number 04459578
Registered office 75 High Street
Boston
Lincs
PE21 8SX
Business address Syringa House
Wigtoft Road
Sutterton
Boston
PE20 2EL
Accountants Lister & Co
75 High Street
Boston
Lincs
PE21 8SX
Aviway Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Aviway Limited
Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aviway Limited for the year ended 31 March 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Aviway Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Aviway Limited and state those matters that we have agreed to state to the board of directors of Aviway Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aviway Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Aviway Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aviway Limited. You consider that Aviway Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Aviway Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Lister & Co
ACCA
75 High Street
Boston
Lincs
PE21 8SX
30 October 2023
Aviway Limited
Statement of financial position
31 March 2023
2023 2022
Note £ £ £ £
Fixed assets
Investments 5 1,700,000 1,700,000
_______ _______
1,700,000 1,700,000
Current assets
Debtors 6 19 19
_______ _______
19 19
Net current assets 19 19
_______ _______
Total assets less current liabilities 1,700,019 1,700,019
_______ _______
Net assets 1,700,019 1,700,019
_______ _______
Capital and reserves
Called up share capital 7 1,700,001 1,700,001
Profit and loss account 18 18
_______ _______
Shareholders funds 1,700,019 1,700,019
_______ _______
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 October 2023 , and are signed on behalf of the board by:
Mr John David White
Director
Company registration number: 04459578
Aviway Limited
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 75 High Street, Boston, Lincs, PE21 8SX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement policy
The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year or prior year.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 April 2022 and 31 March 2023 1,700,000 1,700,000
_______ _______
Impairment
At 1 April 2022 and 31 March 2023 - -
_______ _______
Carrying amount
At 31 March 2023 1,700,000 1,700,000
_______ _______
At 31 March 2022 1,700,000 1,700,000
_______ _______
6. Debtors
2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 19 19
_______ _______
7. Called up share capital
Issued, called up and fully paid
2023 2022
No £ No £
Ordinary shares of £ 1.00 each 1,700,001 1,700,001 1,700,001 1,700,001
_______ _______ _______ _______