Byway Investments Limited |
Registered number: |
13590405 |
Balance Sheet |
as at 31 August 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Investments |
3 |
|
|
352,260 |
|
|
- |
|
Current assets |
Debtors |
4 |
|
9,980 |
|
|
- |
Cash at bank and in hand |
|
|
12,117 |
|
|
835 |
|
|
|
22,097 |
|
|
835 |
|
Creditors: amounts falling due within one year |
5 |
|
(296,821) |
|
|
(4,881) |
|
Net current liabilities |
|
|
|
(274,724) |
|
|
(4,046) |
|
Total assets less current liabilities |
|
|
|
77,536 |
|
|
(4,046) |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(86,380) |
|
|
- |
|
|
|
Net liabilities |
|
|
|
(8,844) |
|
|
(4,046) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
|
(8,845) |
|
|
(4,047) |
|
Shareholders' funds |
|
|
|
(8,844) |
|
|
(4,046) |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
Maxine Reed |
Director |
Approved by the board on 8 April 2024 |
|
Byway Investments Limited |
Notes to the Accounts |
for the year ended 31 August 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Fee income is recognised at the fair value of consideration received or receivable for services rendered to customers. Revenue in respect of letting activity is recognised as the fair value of rents receivable . |
|
|
Investment Property |
|
Investment property, which is property held to earn rentals and/or for capital appreciation, is stated at its fair value at the balance sheet date. Gains or losses arising from changes in the fair value of investment property are included in profit or loss for the period in which they arise. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Investment Property |
|
Other |
investments |
£ |
|
Fair value |
|
Additions |
352,260 |
|
|
At 31 August 2023 |
352,260 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 31 August 2023 |
352,260 |
|
|
|
|
|
|
|
|
|
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
6,260 |
|
- |
|
Other debtors |
3,720 |
|
- |
|
|
|
|
|
|
9,980 |
|
- |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Trade creditors |
8,671 |
|
110 |
|
Director's current account |
234,430 |
|
4,771 |
|
Other creditors |
53,720 |
|
- |
|
|
|
|
|
|
296,821 |
|
4,881 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans |
86,380 |
|
- |
|
|
|
|
|
|
|
|
|
|
7 |
Other information |
|
|
Byway Investments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
37 Summit Way, |
|
Southgate |
|
London |
|
N14 7NN |