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REGISTERED NUMBER: 03181187 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2023

FOR

WAY INVESTMENT SERVICES LIMITED

WAY INVESTMENT SERVICES LIMITED (REGISTERED NUMBER: 03181187)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WAY INVESTMENT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: P Wilcox





SECRETARY:





REGISTERED OFFICE: Cedar House 3 Cedar Park
Cobham Road
Wimborne
Dorset
BH21 7SB





REGISTERED NUMBER: 03181187 (England and Wales)





ACCOUNTANTS: Elson Geaves Accountants
Chartered Certified Accountants
Forest Links Road
Ferndown
Dorset
BH22 9PH

WAY INVESTMENT SERVICES LIMITED (REGISTERED NUMBER: 03181187)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 394,584 928,649
Cash at bank 34,937 93,543
429,521 1,022,192
CREDITORS
Amounts falling due within one year 5 16,645 15,057
NET CURRENT ASSETS 412,876 1,007,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

412,876

1,007,135

CREDITORS
Amounts falling due after more than one
year

6

374,280

4,242,474
NET ASSETS/(LIABILITIES) 38,596 (3,235,339 )

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings (111,404 ) (3,385,339 )
38,596 (3,235,339 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

WAY INVESTMENT SERVICES LIMITED (REGISTERED NUMBER: 03181187)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





P Wilcox - Director


WAY INVESTMENT SERVICES LIMITED (REGISTERED NUMBER: 03181187)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Way Investment Services Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 534,065
Other debtors 394,584 394,584
394,584 928,649

WAY INVESTMENT SERVICES LIMITED (REGISTERED NUMBER: 03181187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 16,645 12,130
Other creditors - 2,927
16,645 15,057

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 374,280 4,242,474

7. RELATED PARTY DISCLOSURES

Summary of transactions with parent

WAY Group Limited

The companies share overhead costs which are recharged as appropriate. During the year the company was charged management charges of £nil (2021: £nil) by its parent company. At the balance sheet date the amount owed to WAY Group Ltd was £319,273 (2022 - £4,001,358).

Summary of transactions with associates

WAY Trustees Limited

The companies share overhead costs which are recharged as appropriate. At the balance sheet date the amount due to WAY Trustees Limited was £55,007 (2022- £33,116)

Summary of transactions with Companies under Common Ownership

Professional Partners Administration Limited

At the balance sheet date the amount owed from Professional Partners Administration Limited was £Nil (2022 - £Nil).

WAY Fund Management Limited

At the balance sheet date the amount due to WAY Fund Management Limited was £Nil (2022- £Nil).

Formal Inter Group Loans

At the balance sheet date the amounts due from Formal Inter Group Loans was £Nil (2022: £534,065) and the amounts due were £Nil (2022: £208,000).