IRIS Accounts Production v23.3.0.418 01821390 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh018213902022-06-30018213902023-06-30018213902022-07-012023-06-30018213902021-06-30018213902021-07-012022-06-30018213902022-06-3001821390ns10:Originalns15:EnglandWales2022-07-012023-06-3001821390ns14:PoundSterlingns10:Original2022-07-012023-06-3001821390ns10:Originalns10:Director12022-07-012023-06-3001821390ns10:Original2022-07-012023-06-3001821390ns10:Original2023-06-3001821390ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3001821390ns10:Originalns10:SmallEntities2022-07-012023-06-3001821390ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3001821390ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3001821390ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3001821390ns10:Originalns10:FullAccounts2022-07-012023-06-3001821390ns10:Originalns10:Director32022-07-012023-06-3001821390ns10:Originalns10:Director22022-07-012023-06-3001821390ns10:CompanySecretary1ns10:Original2022-07-012023-06-3001821390ns10:Originalns10:RegisteredOffice2022-07-012023-06-3001821390ns10:Original2022-06-3001821390ns10:Originalns5:CurrentFinancialInstruments2022-06-3001821390ns10:Originalns5:CurrentFinancialInstruments2023-06-3001821390ns10:Originalns5:Non-currentFinancialInstruments2022-06-3001821390ns10:Originalns5:Non-currentFinancialInstruments2023-06-3001821390ns5:ShareCapitalns10:Original2022-06-3001821390ns5:ShareCapitalns10:Original2023-06-3001821390ns10:Originalns5:RevaluationReserve2022-06-3001821390ns10:Originalns5:RevaluationReserve2023-06-3001821390ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3001821390ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3001821390ns10:Originalns5:PlantMachinery2022-07-012023-06-3001821390ns10:Original2021-07-012022-06-3001821390ns10:Originalns5:PlantMachinery2022-06-3001821390ns10:Originalns5:PlantMachinery2023-06-3001821390ns10:Originalns5:PlantMachinery2022-06-3001821390ns10:Originalns5:CostValuation2022-06-3001821390ns10:Originalns5:DisposalsRepaymentsInvestments2023-06-3001821390ns10:Originalns5:CostValuation2023-06-3001821390ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3001821390ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3001821390ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3001821390ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-06-3001821390ns10:Originalns5:Non-currentFinancialInstruments2022-07-012023-06-3001821390ns5:Securedns10:Original2023-06-3001821390ns5:Securedns10:Original2022-06-3001821390ns10:Originalns5:RevaluationReserve2022-06-30
REGISTERED NUMBER: 01821390 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Conway Investments Limited

Conway Investments Limited (Registered number: 01821390)






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


Conway Investments Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: IDG Ballard
M Kaye





SECRETARY: IDG Ballard





REGISTERED OFFICE: 64 Wilbury Way
Hitchin
Hertfordshire
SG4 0TP





REGISTERED NUMBER: 01821390 (England and Wales)





ACCOUNTANTS: Chancellers LLP
64 Wilbury Way
Hitchin
Hertfordshire
SG4 0TP

Conway Investments Limited (Registered number: 01821390)

Balance Sheet
30 June 2023

30.6.22 30.6.23
£    £    Notes £    £   
FIXED ASSETS
1 Tangible assets 4 -
5,098,535 Investments 5 4,818,515
5,098,536 4,818,515

CURRENT ASSETS
3,084 Debtors 6 3,074
1,810,155 Cash at bank 107,484
1,813,239 110,558
CREDITORS
1,687,821 Amounts falling due within one year 7 36,477
125,418 NET CURRENT ASSETS 74,081
5,223,954 TOTAL ASSETS LESS CURRENT
LIABILITIES

4,892,596

CREDITORS
(305,000 ) Amounts falling due after more than one
year

8

(305,000

)

(706,139 ) PROVISIONS FOR LIABILITIES (883,003 )
4,212,815 NET ASSETS 3,704,593

CAPITAL AND RESERVES
10,100 Called up share capital 10,100
3,170,344 Non-distributable reserves 10 3,115,950
1,032,371 Retained earnings 578,543
4,212,815 SHAREHOLDERS' FUNDS 3,704,593

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 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.

Conway Investments Limited (Registered number: 01821390)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2024 and were signed on its behalf by:





I D G Ballard - Director


Conway Investments Limited (Registered number: 01821390)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Conway Investments 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - Straight line over 3 years

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.

The rate of corporation tax increased to 25% on 1st April 2023. Deferred tax balances have been calculated using this rate.

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 2 (2022 - 2 ) .

Conway Investments Limited (Registered number: 01821390)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 2,748
DEPRECIATION
At 1 July 2022 2,747
Charge for year 1
At 30 June 2023 2,748
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 1

5. FIXED ASSET INVESTMENTS
Investment
properties
£   
COST OR VALUATION
At 1 July 2022 5,098,535
Disposals (280,020 )
At 30 June 2023 4,818,515
NET BOOK VALUE
At 30 June 2023 4,818,515
At 30 June 2022 5,098,535

Cost or valuation at 30 June 2023 is represented by:

Investment
properties
£   
Valuation in 2003 1,054,568
Valuation in 2006 375,000
Valuation in 2008 (351,842 )
Valuation in 2016 2,921,226
Cost 819,563
4,818,515

If the investment properties had not been revalued they would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 819,563 1,124,671

Conway Investments Limited (Registered number: 01821390)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. FIXED ASSET INVESTMENTS - continued

The investment properties were valued on an open market basis on 30 June 2017 by Wentworth Estates who are based in Ilford and have appropriate qualification to carry out valuations of this nature.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 3,074 3,084

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 27,364 277,485
Other creditors 9,113 1,410,336
36,477 1,687,821

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Mortgage loans 305,000 305,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage loans 305,000 305,000

The repayment terms and rates of interest for the mortgage loans are as follows :-


Mortgage Repayment Date Interest Rate


175,000 03.07.2027 Standard Woolwich
mortgage rate

130,000 03.07.2027 Standard Woolwich
mortgage rate

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Mortgage loans 305,000 305,000

The mortgage loans are secured by first legal charges on certain of the companies investment properties.

Conway Investments Limited (Registered number: 01821390)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

10. RESERVES
Non-distributable
reserves
£   
At 1 July 2022 3,170,344
Movement in year (54,394 )

At 30 June 2023 3,115,950