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REGISTERED NUMBER: 10180121 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30 November 2023

for


Roadway Holdings Limited



Roadway Holdings Limited (Registered number: 10180121)








Contents of the Financial Statements

for the Year Ended 30 November 2023





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4





Roadway Holdings Limited



Company Information

for the Year Ended 30 November 2023









DIRECTOR:

C J Butterfield







REGISTERED OFFICE:

A19 Business Park


Selby


North Yorkshire


YO19 6QR







REGISTERED NUMBER:

10180121 (England and Wales)








Roadway Holdings Limited (Registered number: 10180121)



Balance Sheet

30 November 2023



30.11.23

30.11.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Investments

4

100


100



Investment property

5

665,000


420,000



665,100


420,100




CURRENT ASSETS

Stocks

191,784


190,784



Debtors

6

36,891


170,289



Cash at bank

134,388


47,546



363,063


408,619



CREDITORS

Amounts falling due within one year

7

100,030


52,012



NET CURRENT ASSETS

263,033


356,607



TOTAL ASSETS LESS CURRENT

LIABILITIES

928,133


776,707




CREDITORS

Amounts falling due after more than one year

8

(414,919

)

(342,299

)



PROVISIONS FOR LIABILITIES

(15,836

)

(12,263

)


NET ASSETS

497,378


422,145




CAPITAL AND RESERVES

Called up share capital

10

1


1



Revaluation reserve

11

83,346


64,544



Retained earnings

11

414,031


357,600



SHAREHOLDERS' FUNDS

497,378


422,145




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


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



Roadway Holdings Limited (Registered number: 10180121)



Balance Sheet - continued

30 November 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 1 April 2024 and were signed by:






C J Butterfield - Director




Roadway Holdings Limited (Registered number: 10180121)



Notes to the Financial Statements

for the Year Ended 30 November 2023


1.

STATUTORY INFORMATION



Roadway Holdings 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.    



Investments in subsidiaries


Investments in subsidiary undertakings are recognised at 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.


Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


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 NIL (2022 - NIL).



Roadway Holdings Limited (Registered number: 10180121)



Notes to the Financial Statements - continued

for the Year Ended 30 November 2023


4.

FIXED ASSET INVESTMENTS


Shares in


group


undertakings

£   



COST


At 1 December 2022


and 30 November 2023

100




NET BOOK VALUE


At 30 November 2023

100




At 30 November 2022

100




5.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 December 2022

420,000




Additions

226,198




Revaluations

18,802




At 30 November 2023

665,000




NET BOOK VALUE


At 30 November 2023

665,000




At 30 November 2022

420,000





Fair value at 30 November 2023 is represented by:

£   



Valuation in 2020

44,544




Valuation in 2021

20,000




Valuation in 2023

18,802




Cost

581,654



665,000





If investment property had not been revalued it would have been included at the following historical cost:



30.11.23


30.11.22

£   

£   



Cost

581,654


355,456





Investment property was valued on an open market basis on 30 November 2023 by the director .



Roadway Holdings Limited (Registered number: 10180121)



Notes to the Financial Statements - continued

for the Year Ended 30 November 2023


6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30.11.23


30.11.22

£   

£   



Other debtors

36,891


170,289




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30.11.23


30.11.22

£   

£   



Bank loans and overdrafts

10,067


9,856




Trade creditors

1,490


-




Taxation and social security

7,579


6,082




Other creditors

80,894


36,074



100,030


52,012




8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR



30.11.23


30.11.22

£   

£   



Bank loans

414,919


342,299





Amounts falling due in more than five years:



Repayable otherwise than by instalments


Bank loans more 5 yrs non-inst

397,687


315,000




9.

SECURED DEBTS



The following secured debts are included within creditors:



30.11.23


30.11.22

£   

£   



Bank loans

424,986


352,155




10.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

30.11.23


30.11.22


value:

£   

£   



1

Ordinary

£1.00

1


1





Roadway Holdings Limited (Registered number: 10180121)



Notes to the Financial Statements - continued

for the Year Ended 30 November 2023


11.

RESERVES


Retained


Revaluation



earnings


reserve


Totals

£   

£   

£   




At 1 December 2022

357,600


64,544


422,144




Profit for the year

76,863


76,863




Dividends

(1,630

)

(1,630

)



Revaluation

(18,802

)

18,802


-




At 30 November 2023

414,031


83,346


497,377




12.

DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES


Included in debtors is £35,686 (2022: £1,626) in respect of a loan to the director. Interest is charged on the loan at 2.5% per annum with no fixed repayment terms.