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REGISTERED NUMBER: 03192677 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 MARCH 2023

FOR

CEDARWAY LIMITED

CEDARWAY LIMITED (REGISTERED NUMBER: 03192677)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CEDARWAY LIMITED

COMPANY INFORMATION
for the Year Ended 29 March 2023







DIRECTOR: S Hammada





REGISTERED OFFICE: 29-31 George Street
Hull
HU1 3BA





REGISTERED NUMBER: 03192677 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

CEDARWAY LIMITED (REGISTERED NUMBER: 03192677)

BALANCE SHEET
29 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5 5
Investment property 5 131,143 131,143
131,148 131,148

CURRENT ASSETS
Debtors 6 101,113 90,029
Cash at bank 7,131 61,310
108,244 151,339
CREDITORS
Amounts falling due within one year 7 55,821 91,151
NET CURRENT ASSETS 52,423 60,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,571

191,336

CREDITORS
Amounts falling due after more than one year 8 40,821 42,982
NET ASSETS 142,750 148,354

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 142,650 148,254
SHAREHOLDERS' FUNDS 142,750 148,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 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.

CEDARWAY LIMITED (REGISTERED NUMBER: 03192677)

BALANCE SHEET - continued
29 March 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 11 January 2024 and were signed by:





S Hammada - Director


CEDARWAY LIMITED (REGISTERED NUMBER: 03192677)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 March 2023


1. STATUTORY INFORMATION

Cedarway Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office Beckside Court, Annie Reed Road, Beverley, East Yorkshire, HU17 0LF and principle place of business at 95-97 Prospect Street, Hull, HU1 3RT.

The principal activity of the Company is that of bar/restaurant property management.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company including the Covid-19, the use of the going concern basis of accounting is appropriate as, in the opinion of the director, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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.

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 1 (2022 - 1 ) .

CEDARWAY LIMITED (REGISTERED NUMBER: 03192677)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 March 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 March 2022
and 29 March 2023 8,500
DEPRECIATION
At 30 March 2022
and 29 March 2023 8,495
NET BOOK VALUE
At 29 March 2023 5
At 29 March 2022 5

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 March 2022
and 29 March 2023 131,143
NET BOOK VALUE
At 29 March 2023 131,143
At 29 March 2022 131,143

The directors review investment properties annually and consider the valuation to be fairly stated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,033 -
Other debtors 97,080 90,029
101,113 90,029

CEDARWAY LIMITED (REGISTERED NUMBER: 03192677)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 4,100 4,100
Trade creditors 224 -
Taxation and social security 19,133 19,122
Other creditors 32,364 67,929
55,821 91,151

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 40,821 42,982

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 22,021 24,182

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,100 4,100

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,340 4,340

Amounts falling due between two and five years:
Bank loans - 2-5 years 14,460 14,460

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 22,021 24,182

The company has ulilised the government covid support scheme during the prior year and taken out a loan of £50,000 under the Bounce Back Loan scheme. The loan is repayable over 11 years with the first year interest and repayment free. The loan carries interest at 2.5% pa over base.

CEDARWAY LIMITED (REGISTERED NUMBER: 03192677)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 March 2023


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Within other creditors is a loan to the company from its director, S Hammada. The balance outstanding at 29 March 2023 was £28,514 (2022: £64,099).

The loan was made on an interest free basis and is repayable on demand.

11. RELATED PARTY DISCLOSURES

Included in other debtors is a loan to Dial Yankee Limited, a company under common control. The balance outstanding at 29 March 2023 was £94,139 (2022: £89,139). The amount is repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by family members of the director.